IoT Sensors Market by Type (Temperature Sensor, Traffic Sensor, Pressure Sensor), by Connectivity Type (Wireless & Wired), Application (Automotive, HealthCare, Industrial Robots) by Region (Asia-Pacific, North America, Europe, Middle East ,Africa & South America) – Global Forecast From 2019 To 2024

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IoT Sensors Market: Summary

The global IoT sensors market 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.

IoT Sensors Market


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.

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

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

Key Questions answered by the report

  • What are the major developments impacting the global market and its growth?
  • What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
  • What are the evolving types of the global market?
  • What are the evolving applications of global market?
  • What are the major characteristics that will affect the global market growth during the study period?
  • Who are the key players operating in the global market?
  • How are the major players leveraging in the existing market conditions?

Report Audience

  • IoT sensor market providers
  • IoT sensor market solution and services suppliers, distributors, and dealers
  • End-users of varied segments of IoT sensor market
  • Government bodies and intellectual institutions
  • Associations and industrial organizations
  • Research & consulting service providers
  • Research & development organizations
  • Investment banks & private equity firms



1.1       Research Objectives

1.2       Market Definition

1.3       Research Scope

1.4       Regional Coverage

1.5       Research Timeline

1.6       Assumptions

1.7       Limitations


2.1       Introduction

2.2       Primary Research

                                  2.2.1    Key Industry Expert Insight

2.3       Secondary Research

                                  2.3.1    Vital Data from Secondary Sources

2.4       Market Size Estimation

2.5       Data Validation & Triangulation



4.1       Introduction

4.2       Drivers

                                 4.2.1.    Growing in Demand of Drones

                                 4.2.2.    Advancement in Augmented Reality & Virtual Reality (AR & VR)

                                 4.2.3.    Low Current Consumption & Maximum Battery Life with Fast Response

4.3       Restraints

                                 4.3.1.    Limited Security & Privacy

4.4       Opportunities

                                 4.4.1.    Increasing Use of Machine Learning & Artificial Intelligence

                                 4.4.2.    Low Current Consumption and Cost-Optimized

4.5       Challenges

                                  4.5.1    Limited Number of Alarm are Register


5.1       Introduction

                                 5.1.1.    Power of Buyers

                                 5.1.2.    Power of Suppliers

                                 5.1.3.    Intensity of Competition

                                 5.1.4.    Challenges of Substitutes

                                 5.1.5.    Challenges of New Entrants

5.2       Macro-Economic Indicators

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

6.1       Introduction

6.2       Temperature Sensor

6.3       Traffic Sensor

6.4       Pressure Sensors

6.5       Proximity Sensors

6.6       Level Sensors

6.7       Accelerometers

6.8       Gyroscope

6.9       Gas Sensors

6.10     Infrared Sensors

6.11     Others

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

7.1       Introduction

7.2       Wireless

7.3       Wired

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

8.1       Introduction

8.2       Automotive

8.3       Healthcare

8.4       Construction

8.5       Industrial

8.6       Aerospace & Defense

8.7       Others

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

9.1       North America

                                 8.1.1.    US

                                 8.1.2.    Canada

                                 8.1.3.    Mexico

9.2       Europe

                                 8.2.1.    Germany

                                 8.2.2.    France

                                 8.2.3.    Italy

                                 8.2.4.    UK

                                 8.2.5.    Spain

                                 8.2.6.    The Netherlands

                                 8.2.7.    Rest of Europe

9.3       Asia-Pacific

                                 8.3.1.    China

                                 8.3.2.    Japan

                                 8.3.3.    India

                                 8.3.4.    South Korea

                                 8.3.5.    Taiwan

                                 8.3.6.    Rest of Asia-Pacific

9.4       Middle East

                                 8.4.1.    Saudi Arabia

                                 8.4.2.    UAE

                                 8.4.3.    Rest of Middle East

9.5       South America

                                 8.5.1.    Brazil

                                 8.5.2.    Argentina

                                 8.5.3.    Rest of South America


10.1     Introduction

10.2     Market Ranking/Share Analysis of Key Companies

10.3     Company Benchmarking


11.1     TE Connectivity

                                11.1.1    Company Overview

                                11.1.2    Financial Overview

                                11.1.3    Products/Solutions/Services Offered

                                11.1.4    Key Developments

                                11.1.5    SWOT Analysis

11.2     Texas Instruments Incorporated

11.3     Broadcom

11.4     NXP Semiconductors

11.5     STMicroelectronics

11.6     Bosch Sensortec GmbH

11.7     Infineon Technologies AG

11.8     Analog Devices, Inc.

11.9     Monnit Corporation

11.10  Murata Manufacturing Co., Ltd.

11.11  Other Key Companies


12.1     Key Industry Expert Insights

12.2     Primary Discussion Guide

12.3   Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain




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Research Design

Forencis Research follows robust and deep dive research methodologies to deliver accurate – current, estimated and forecasted market data. Our extensive primary and secondary research help in deriving reliable qualitative and quantitative data to provide verified market insights. Our research team tracks historic trends, existing and recent market dynamics, growth prospects, competitor landscape, and the entire value chain dynamics to attain reliable industry facts to reach accurate market estimates. Primary research is conducted through thorough interviews and detailed surveys with the Key Industry Experts and related participants across the value chain. Secondary research entails acquiring data through paid and reliable databases such as annual reports, SEC filings, research publications, association publications, investor presentations, white papers and other sources. All the above-obtained information is further processed and collated with our existing database prior to its presentation in our publications.

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Key Questions Answered by the Report

  • Major factors impacting the market and its growth
  • Evolving Types of the various products in the Market
  • Evolving Application of the various products in the Market
  • Growing countries in the Global Market
  • Effects of the developments in the market on the industry and on the market players
  • Key market developments undertaken by the leading players

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