Iot Sensors Market To Reach USD 30.4 Billion In 2024 | CAGR 27.6% - Forencis Research

IoT Sensors Market Size, Share, Trends, Growth, Analysis, Research


IoT Sensors Market: Summary

The global IoT sensors market is estimated to reach USD 30.4 billion in 2024 at a CAGR of 27.6%. Rising in performance and effective quality, growing in demand of drones, advancing in demand for augmented reality & virtual reality, low current consumption & maximum battery life with fast response are expected to drive the IoT sensors market. However, limited security & privacy act as a restrain to the market during the forecast period.

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 sensors 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

*Provided for top 10 companies. Subject to availability in public domain.

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.

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”. 


Key Questions answered by the report

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

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


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Rep Id : SC 024

Published : 2019-12-12