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Global IoT Sensors Market Research Report - Segmentation By Sensor Type (Temperature, Pressure, Image, Flow, Humidity, Chemical, Motion/Proximity, Others), Network Technology (Wired, Wireless, Zigbee, Z-Wave, Wireless Hartz, RFID, Others), Verticals (Consumer, Commercial, Industrial) - Demand Analysis and Opportunity Outlook 2027

Published: January, 2022
ID: 8322
Pages: 170

Global IoT Sensors Market Size (2022 - 2027)

The Global IoT Sensors Market was worth US$ 8.4 billion in 2021, and it is estimated to reach a valuation of US$ 36.6 billion by the end of 2027, expanding at an annual growth rate of 27.8% between 2022 and 2027.

The IoT and IIoT are bringing the use of sensor to a new level. The sensors are the devices that detect and respond to changes in the environment. Input arrives from various sources such as like light, temperature, motion, temperature etc. The IoT or Internet of Things is referred to the network of physical objects or things that are rooted with sensor, software and other technologies in order to connect and exchanging data or information with other devices or systems over the internet. An IoT system that has sensors can “talk” to the cloud through connectivity and once the data get into the cloud, software processes it and then decides to perform action accordingly. For example: it can send an alert or automatically adjusting the device without the help of the user. IoT sensors are used in various verticals and have wide range of applications in different sector. The increasing deployment of IoT in various domains is driving the growth of the market in the coming years.

MARKET DRIVERS

The driving force of the IoT Sensors Market is new emerging applications and the business model coupled with failing devices cost that demands the IoT sensors in order to monitor the operational efficiency. The increasing number of connected devices such as connected cars, machines, meters, wearable’s, and consumer electronics is propelling the demand of the IoT sensor devices in the market.

The initiatives like Industrial 4.0 across Europe, China etc are the major driver of the IoT deployments that subsequently fuel the demand of the IoT sensor. Moreover, the decreasing cost of the IoT sensors is one of the prominent factors that would likely to fuel the growth of IoT sensor market.

Additionally, the smart city concept in developing as well as developed countries is driving the growth of the IoT sensor market. For instance, Singapore has already implemented IoT sensor based Elderly Monitoring System that offer facility to working family members to receive alerts when health of their elderly family member deteriorates.

Moreover, the increasing adoption of smart devices such as mobile, smart phones, tablet and growing 5G technology is needs smart internet connection which further fuel the growth of the IoT sensor  market in the projected period.

MARKET RESTRAINTS

The lack of data security is the major factor that restraint the growth of IoT market. Though IoT has huge potential and has wide range of applications but there are concerned regarding data privacy and security associated with IoT devices. The IoT is completely data driven and IoT devices and sensors use to generate large extent of information per second, therefore it is important to make sure the authenticity of the data and security, resilience and reliability of the devices that accumulate data.

GLOBAL IoT SENSORS MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2027

Base Year

2021

Forecast Period

2022 - 2027

CAGR

27.8%

Segments Covered

By Type, Network Technology, Verticals, and Region.

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Bosch Sensortec,Texas Instruments,Honeywell International Inc,TDK Corp,TE Connectivity,Broadcom Inc,NXP Semiconductors,STMicroelectronics,Infineon Technology,Analog Devices Inc and Others.

 

Market Segmentation

Global IoT Sensors Market - By Type:

  • Temperature

  • Pressure

  • Flow

  • Humidity

  • Chemical

  • Motion/Proximity

  • Other

Based on Sensor Type, the Global IoT sensor Market is segmented into Temperature, Pressure, Image, Flow, Humidity, Chemical, Motion/Proximity, Other. Pressure sensor is expected to drive the IoT sensor market growth due to increasing concern towards the safety comfort level and the harmful automobile emission. The regulator bodies of the several countries has imposed mandatory regulations regarding the installation of onboard diagnostic to reduce greenhouse emission that further propel the demand of the  IoT sensor. Moreover, the application of pressure sensor in autonomous car will create opportunities for IoT sensor market growth.

Global IoT Sensors Market - By Network Technology:

  • Wired

  • Wireless

  • Zigbee

  • Z-Wave

  • Wireless Hartz

  • RFID

  • Others

Based on Network Technology, the Global IoT sensor Market is segmented into Wired, Wireless, Zigbee, Z-Wave, Wireless Hartz, RFID, Others. The wireless IoT sensor is expected to hold the largest market share due to increasing demand of the wireless data from mobile device, connected cars, smart grids, among others. Additionally, the propagation of mobile devices and the rapidly increasing bring-your-own-device concept as well as the deployment of IoT in enterprises is expected to fuel the growth of the market for wireless networks. Moreover, the upcoming 5G technology is going to boost the demand of the wireless network in order to provide faster internet connectivity and coverage.

Global IoT Sensors Market - By Verticals:

  • Consumer

  • Commercial

  • Industrial

  • Energy

  • Industrial Automation

  • Transportation

  • Healthcare

  • Smart Agriculture

Based on Verticals, the Global IoT sensor Market is segmented into Consumer, Commercial and Industrial Vertical. The Industrial Automation and Transportation segment is going to boost the market due to recent business collaboration and joint ventures among the key players, cyber security provider, chip maker, and system integrator.  Due to emerging smart city concept, Car2Car connectivity and advanced fleet management are expected to evolve, propelling the scope of the IoT sensor.

Global IoT Sensors Market - By Region:

  • North America
  • Europe
  • Asia-Pacific
  • RoW (Rest of the World) 

North America is the largest market of IoT sensor devices due to several establishes vendors in the region and the earliest adoption of IOT devices in the industries. Most of the countries in this region are rapidly increasing adoption of IoT in order to keep track of their offering performance and therefore avoid costly breakdowns or efficient routine maintenance shutdowns. Additionally, the adoption of robust technological devices in various industries in this region. Also the end users in Canada are investing on adoption IoT sensor devices. For example, Canada energy sector has been procuring internet-connected sensors in order to monitor a range of activities across, generating plants, distribution, networks and smart home networks. Furthermore, the increasing demand of ADAS systems further fuels the demand of the IoT sensor in the projected period.

Asia-Pacific is expected to become the fastest growing market of the IoT sensor during the forecast period as APAC is key market for consumer devices and appliances, automobiles, and healthcare production.  The increasing adoption of IoT sensor in health care sector along with the deployment of huge smart devices is driving the growth of the market in this region. Additionally, the increasing demand of population high-end luxury car is fueling the growth of IoT devices in this region.

Europe is also expected to have moderate growth rate during this period due to stringent regulations regarding emission of automobiles in this region is fueling the demand of the IoT sensor

Leading Company:

Texas Instrument had the largest share of the world’s IoT Sensor market in terms of sales revenue

Covid-19 Impact on Global IoT Sensors Market: 

The COVID-19 outbreak has significantly impacted the growth of the IoT sensor market. Due to pandemic, new projects have stalled, which in turn decline the demand of the IoT sensors. Also, the strict lockdown and social distancing and other protocols have led to unavailability of workforce that has affected the production as well the supply chain. However, the demand of IoT sensor is increasing in healthcare sector during the pandemic. And now economy is recovering and industrial activities has started booming, it is expected that the demand of the IoT sensor is going to boost during the projected period.

Key Players:

Some of the leading companies operating in the Global IoT Sensors Market are 

  • Bosch Sensortec

  • Texas Instruments

  • Honeywell International Inc.

  • TDK Corp.

  • TE Connectivity

  • Broadcom Inc.

  • NXP Semiconductors

  • STMicroelectronics

  • Infineon Technology

  • Analog Devices Inc.

Recent Developments:

  • In September 2020, Texas Instruments has introduced industry’s first C/DC buck-boost convertor “TPS63900” by combining programmable input current limit and integrated dynamic voltage scaling to extend battery life by at least 50%.
  • In March 2020, TE Connectivity Limited has acquired of First Sensor AG and holds 71.8% of share. This acquisition allows TE to offer an even broader product base, including innovation, market leading sensors, connectors, and system plus best–in-class capabilities that will support the growth strategy of the TE sensors business and TE connectivity as a whole. TE now holds 71.8% share of First Sensor AG.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 IoT Sensor Market , By Sensor Type                

                                6.1.1 Temperature         

                                6.1.2 Pressure  

                                6.1.3 Image        

                                6.1.4 Flow           

                                6.1.5 Humidity  

                                6.1.6 Chemical  

                                6.1.7 Motion/Proximity

                                6.1.8 Others      

                                6.1.9 Market Size Estimations & Forecasts (2022-2027)   

                                6.1.10 Y-o-Y Growth Rate Analysis           

                                6.1.11 Market Attractiveness Index        

                6.2 IoT Sensor Market , By Network Technology                               

                                6.2.1 Wired        

                                6.2.2 Wireless   

                                6.2.3 Zigbee       

                                6.2.4 Z-Wave     

                                6.2.5 Wireless Hartz       

                                6.2.6 RFID           

                                6.2.7 Others      

                                6.2.8 Market Size Estimations & Forecasts (2022-2027)   

                                6.2.9 Y-o-Y Growth Rate Analysis             

                                6.2.10 Market Attractiveness Index        

                6.3 IoT Sensor Market , By Verticals                        

                                6.3.1 Consumer

                                6.3.2 Commercial            

                                6.3.3 Industrial 

                                6.3.4 Market Size Estimations & Forecasts (2022-2027)   

                                6.3.5 Y-o-Y Growth Rate Analysis             

                                6.3.6 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global IoT Sensor Market , by Region                             

                7.2 North America - Market Analysis (2022-2027)                              

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Sensor Type     

                                7.2.3 By Network Technology    

                                7.2.4 By Verticals             

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Sensor Type     

                                7.3.3 By Network Technology    

                                7.3.4 By Verticals             

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Sensor Type     

                                7.4.3 By Network Technology    

                                7.4.4 By Verticals             

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Sensor Type     

                                7.5.3 By Network Technology    

                                7.5.4 By Verticals             

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Sensor Type     

                                7.6.3 By Network Technology    

                                7.6.4 By Verticals             

8. Key Player Analysis                                    

                8.1 Bosch Sensortec                       

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Texas Instruments                  

                8.3 Honeywell International Inc.                               

                8.4 TDK Corp.                    

                8.5 TE Connectivity                         

                8.6 Broadcom Inc.                           

                8.7 NXP Semiconductors                              

                8.8 STMicroelectronics                  

                8.9 Infineon Technology                              

                8.10 Analog Devices Inc.                               

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  1. Global IoT Sensor  Market By Region, From 2022-2027 ( USD Billion )
  2. Global IoT Sensor  Market By Sensor Type, From 2022-2027 ( USD Billion )
  3. Global Temperature Market By Region, From 2022-2027 ( USD Billion )
  4. Global Pressure Market By Region, From 2022-2027 ( USD Billion )
  5. Global Image Market By Region, From 2022-2027 ( USD Billion )
  6. Global Flow Market By Region, From 2022-2027 ( USD Billion )
  7. Global Humidity Market By Region, From 2022-2027 ( USD Billion )
  8. Global Chemical Market By Region, From 2022-2027 ( USD Billion )
  9. Global Motion/Proximity Market By Region, From 2022-2027 ( USD Billion )
  10. Global Others Market By Region, From 2022-2027 ( USD Billion )
  11. Global IoT Sensor  Market By Network Technology, From 2022-2027 ( USD Billion )
  12. Global Wired Market By Region, From 2022-2027 ( USD Billion )
  13. Global Wireless Market By Region, From 2022-2027 ( USD Billion )
  14. Global Zigbee Market By Region, From 2022-2027 ( USD Billion )
  15. Global Z-Wave Market By Region, From 2022-2027 ( USD Billion )
  16. Global Wireless Hartz Market By Region, From 2022-2027 ( USD Billion )
  17. Global RFID Market By Region, From 2022-2027 ( USD Billion )
  18. Global Others Market By Region, From 2022-2027 ( USD Billion )
  19. Global IoT Sensor  Market By Verticals, From 2022-2027 ( USD Billion )
  20. Global Consumer Market By Region, From 2022-2027 ( USD Billion )
  21. Global Commercial Market By Region, From 2022-2027 ( USD Billion )
  22. Global Industrial Market By Region, From 2022-2027 ( USD Billion )

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FAQ's

1. How big is the IoT Sensor Market?

The market for IoT Sensors was valued at USD$ 6.2 billion in 2020. Growth of Internet penetration rate is propelling the demand for IoT Sensors across different verticals during forecast period.

2. What is the IoT sensor market growth?

The IOT is expected to grow at a compound annual growth rate of 27.8% from 2022 and 2027 and reach a valuation of USD$ 10.7 billion in 2022 and USD$ 36.6 billion in 2027.

3. What are the various IoT sensors are available in the market?

The different types of IoT sensors are Temperature Sensor, Pressure Sensor, Humidity Sensor, Flow Sensor, Accelerometer, Magnetometer, Gyroscope, Inertial Sensor, Image Sensor, Touch Sensor, Proximity Sensor, Acoustic Sensor, Motion Sensor, Occupancy Sensor, CO2 Sensor, and Others.

4. Why does IoT sensor in demand?

The factor that are increasing the use of sensors in IoT applications are cost and size reduction, and technological advancement, and high adoption of IoT Sensors in industrial, and consumer vertical will further boosts the demand of the IoT sensor in the market.

5. Which are the top 5 vendors of the IoT sensor?

Bosch Sensortec, Texas Instruments, TE Connectivity, Broadcom Inc., and NXP Semiconductors are top IoT sensor vendors, and are likely to account for over 30% of global market share.

6. What are the top 5 countries driving IoT sensor demand?

Leading countries which are driving the demand of IOT sensor are U.A, U.K, China, Japan and India.

7. What is the North America outlook for sales of IoT sensors?

The market for IoT sensor in North America accounts for approximately 35% of the global market share and it regional market is set to surge at a CAGR of around 28%.

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