IoT Sensors Market Forecast to Surge at 22.7% CAGR to Reach $56.8 Billion by 2030, Driven by Manufacturing and Healthcare Sectors

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Mar 04, 2024, 20:45 ET

DUBLIN, March 4, 2024 /PRNewswire/ -- The "Global IoT Sensors Market by Offering (Image Sensors, RFID Sensors, Biosensors, Humidity Sensors, Optical Sensors, Others), Technology (Wired, Wireless), Sector (Manufacturing, Retail, Consumer Electronics, Others), & Geography - Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

With a projection to expand at a compelling compound annual growth rate (CAGR) of 22.7% through to 2030, the market is anticipated to attain a valuation of $56.8 billion, signifying robust industrial advancements and technological innovation.

In today's interconnected world, IoT sensors play an indispensable role. They offer critical data for various applications, ranging from enhancing consumer electronics functionality to streamlining manufacturing processes. The report categorically analyzes offerings such as image sensors, humidity sensors, and optical sensors, among others, highlighting the adoption trends across different technologies including wired and wireless systems.

The manufacturing sector is poised to witness significant uptake of IoT sensors, leveraging them for applications like smart robotics and inventory management. Simultaneously, the healthcare industry's focus has shifted towards enhancing patient monitoring systems through IoT integration, opening opportunities for sensor technology to transform care delivery and optimize healthcare workflows.

Bolstered by the advent of Industry 4.0 and smart city initiatives, the Asia-Pacific region is the frontrunner in IoT sensor adoption with substantial investments and demand for advanced sensor-enabled devices. Key technological trends such as wireless connectivity and artificial intelligence integration within IoT sensors are setting the stage for a transformative landscape in sensor technology and industry applications.

Market analysts delve into the competitive dynamics, spotlighting the major players in IoT sensor technology and their market shares. They also offer crucial insights into the market trends, drivers, restraints, and the array of opportunities available for stakeholders. Such in-depth knowledge helps in deciphering the diverse strategies adopted by leading industry participants, making the report a cornerstone for understanding current market scenarios and future growth prospects.

The geographical analysis within the report encompasses regional trends and growth hotspots, identifying high-potential areas and emerging market participants. This enhances the understanding of the local competitive environment, assisting businesses and investors to strategize accordingly.

Key questions answered in the report:

Which are the high growth market segments in terms of offering, technology, sector, and countries?
What is the historical market for IoT sensors across the globe?
What are the market forecasts and estimates from 2023-2030?
What are the major drivers, restraints, and opportunities in the global IoT sensors market?
Who are the major players in the global IoT sensors market, and what shares of the market do they hold?
Who are the major players in various countries, and what shares of the market do they hold?
How is the competitive landscape?
What are the recent developments in the global IoT sensors market?
What are the different strategies adopted by the major players in the global IoT sensors market?
What are the geographical trends and high growth countries?
Who are the local emerging players in the global IoT sensors market and how do they compete with the other players?

Market Insights

Factors Affecting Market Growth

Increasing Investments in Industry 4.0 Technologies Driving the Adoption of IoT Sensors
Government Initiatives Supporting the Adoption of IoT Devices Across Various Sectors
Increasing Integration of IoT Sensors into Connected and Wearable Devices Supporting Market Growth
Data Security and Privacy Concerns Hampering the Adoption of IoT Sensors
Growing Use of IoT Sensors for Predictive Maintenance Expected to Generate Growth Opportunities for Market Players
Proliferation of Smart Cities Expected to Increase the Adoption of IoT Sensors
High Initial Investment Requirements Impacting the Implementation of IoT Ecosystems

Trends

Rising Adoption of Industrial Robots
Increasing Integration of Artificial Intelligence into IoT Sensors

Porter's Five Forces Analysis

Value Chain Analysis

Case Studies

Monitoring System for Precision Farming
IoT Technology for Manufacturing Operations
Real-Time IoT Tracking and Visualization

Company Profiles

Texas Instruments Incorporated
Bosch Sensortec GmbH
STMicroelectronics N.V.
Honeywell International Inc.
Murata Manufacturing Co., Ltd.
TE Connectivity Ltd.
OMRON Corporation
Analog Devices, Inc.
NXP Semiconductors N.V.
Infineon Technologies AG
Broadcom Inc.
TDK Corporation
Vighnaharta Technologies Pvt. Ltd.
ANBSensors
Sensoneo

Scope of the Report:

Market Assessment, by Offering

Image Sensors
Biosensors
RFID Sensors
Accelerometer Sensors
Flow Sensors
Pressure Sensors
Optical Sensors
Humidity Sensors
Temperature Sensors
Level Sensors
Proximity Sensors
Gas Sensors
Other IoT Sensors

Market Assessment, by Technology

Wireless Technology
Wi-Fi
Bluetooth
Zigbee
Z-Wave
Other Wireless Technologies
Wired Technology

Market by Assessment, by Sector

Manufacturing
Surveillance & Safety
Machine Inspection & Maintenance
Smart Robotics
Production Planning
Inventory & Warehouse Management
Transportation & Logistics
Traffic Management
Fleet Management
Parking Management
Telematics
Retail
Customer Experience Management
Operations Management
Inventory Management
Healthcare
Telehealth/Telemedicine
Hospital Operations & Workflow Management
Remote Patient Monitoring
Medical Devices
Other Healthcare Applications
Oil & Gas
Remote Monitoring
Worker Safety & Security
Predictive Maintenance
Asset Tracking and Management
Energy & Utilities
Smart Grid Management
Predictive Maintenance
Asset Management
Security And Safety
Consumer Electronics
Home Automation
Smart Wearables
Security & Safety
Agriculture
Crop Monitoring
Livestock Monitoring
Smart Irrigation
Inventory Management
Weather Tracking and Monitoring

Market Assessment, by Geography

Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Middle East & Africa
Latin America

For more information about this report visit https://www.researchandmarkets.com/r/5f9fgc

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