COVID19:Global IoT sensors market is estimated to reach USD 30.4 billion by 2024

IoT Sensors Market: Summary

The is estimated to reach USD 30.4 billion by 2024 at a CAGR of 27.6%.

Growing prominence for performance and effective quality, growing demand for drones, growing demand for augmented reality & virtual reality, low current consumption & maximum battery life with fast response are expected to drive the IoT sensors market during the forecast period. However, limited security & privacy, act as a restrain to the global market during the forecast period. Increasing use of machine learning & artificial intelligence, low current consumption and cost-optimization is identified as an opportunity for IoT sensors market.

IoT refers to a technology which is used to communicate, sense and interact with other devices. Sensors refer to devices that detect and measure the response of elements. IoT sensor is a machine that is able to identify change in an environment. It is used to measure the quality of pressure, temperature or position with an amount of response. Some key players in IoT sensors TE Connectivity, Texas Instruments Incorporated, Broadcom, NXP Semiconductors, STMicroelectronics, Bosch Sensortec GmbH, Infineon Technologies AG, Analog Devices, Inc., Monnit Corporation and Murata Manufacturing Co., Ltd. among other.

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IoT Sensors Market: Report Synopsis

This market research report offers a comprehensive analysis of key market trends in the global IoT sensors market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. On the basis of type, the market is segmented into temperature sensor, traffic sensor, pressure sensors, proximity sensors, level sensors, accelerometers and others. By connectivity type, the IoT sensors market is segmented into wireless and wired. By application, the market is segmented into automotive, health care, home & building, industrial robots, aerospace & defense and others.

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IoT Sensors Market: Report Scope

The report on the IoT sensor market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features


Historical/Estimated/Forecasted Market Size Years


Base Year for Market Calculation


Forecasted Period

2019–2024 (2019 estimated year, forecasted up to 2024)

Measured Units

Value (USD Million) Volume(Units)

Segments Included

Type, Connectivity Type, Application

Regional Coverage

Asia-Pacific, North America, Europe, Middle East & Africa, South America

Companies Covered

  • TE Connectivity (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Texas Instruments Incorporated
  • Broadcom
  • NXP Semiconductors
  • STMicroelectronics
  • Bosch Sensortec GmbH
  • Infineon Technologies AG
  • Analog Devices, Inc.
  • Monnit Corporation
  • Murata Manufacturing Co.,Ltd
  • Other Key Companies

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IoT Sensors Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

IoT Sensors Market, by Type

  • Temperature Sensor
  • Traffic Sensor
  • Pressure Sensors
  • Proximity Sensors
  • Level Sensors
  • Accelerometers
  • Gyroscope
  • Gas Sensors
  • Infrared Sensors
  • Others

IoT Sensors Market, by Connectivity Type

  • Wireless
  • Wired

IoT Sensors Market by, Application

  • Automotive
  • HealthCare
  • Home & Building
  • Industrial Robots
  • Aerospace & Defense
  • Others

IoT Sensors Market by, Region

  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Taiwan
  • Rest of Asia-Pacific
  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • Russia
  • France
  • Italy
  • UK
  • Spain
  • The Netherlands
  • Rest of Europe
  • Middle East and Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa
  • South America
  • Brazil
  • Argentina
  • Rest of South America

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Table of Content

1 Introduction

2 Research Design & Scope

3 Executive Summary

4 Market Dynamics

5 Industry Trends — Porters Five Forces Analysis

6 IOT SENSOR MARKET BY TYPE, Market Size in USD Million and Units (2017–2024)

7 IOT SENSOR MARKET BY CONNECTIVITY TYPE, Market Size in USD Million and Units (2017–2024)

8 IOT SENSOR MARKET APPLICATION, Market Size in USD Million and Units (2017–2024)

9 IOT SENSOR MARKET BY REGION, Market Size in USD Million and Units (2017–2024)

10 Competitive Landscape

11 Company Profiles

12 Appendix

About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

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Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach