Report Highlights
The global market for IoT sensors should grow from $10.9 billion in 2021 to $36.6 billion by 2026 with a compound annual growth rate (CAGR) of 27.4% for the period of 2021-2026.
Report Includes
- 54 data tables and 31 additional tables
- An up-to-date review and analysis of the global markets for Internet of Things (IoT) sensors
- Analyses of the global market trends, with data from 2020 and 2021, estimates for 2022 and 2024, and projections of compound annual growth rates (CAGRs) through 2026
- Evaluation and forecast the global IoT sensors market size, and corresponding market share analysis by sensor type, component, application, end-user industry, and geographic region
- Highlights of market potential for IoT sensors technologies, emerging applications, technological advancements and strategic innovations within the industry
- Assessment of viable technology drivers through a holistic review of various IoT specific applications for new and existing sensors, and COVID-19 implications on the progress of this market
- Insight into recent industry structure, current competitive scenario, R&D activities, major growth strategies, and company value share analysis based on their segmental revenues
- Review of patents issued for sensors based on IoT applications ecosystem and assessment of new developments within the industry
- Descriptive company profiles of the leading global players, including Analog Devices Inc., Emerson Electric Co., Honeywell International Inc., Murata Manufacturing Co. Ltd., Robert Bosch GmbH, and Texas Instruments
Report Scope
This report provides an overview of the Global Market for IoT sensors and analyzes market trends. Using 2020 as the base year, the report provides estimated market data for the forecast period, 2021-2026. Revenue forecasts for this period are segmented based on type, end user and region. The report also focuses on the major driving trends and challenges that affect the market. The report explains the current trends in the IoT sensor market. The report concludes with detailed profiles of major players in the global IoT sensor market.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Base year considered | 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Forecast period considered | 2021-2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Base year market size | $8.6 billion | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market size forecast | $36.5 billion | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Growth rate | CAGR of 27.4% from 2021 to 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segments covered | Sensor Type, End User | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Regions covered | Americas, Europe, Asia-Pacific, Middle East and Africa (MEA) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
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Report Highlights
The global market for Internet of Things (IoT) sensors should grow from $14.1 billion in 2018 to $48.0 billion by 2023, at a compound annual growth rate (CAGR) of 27.8% from 2018 to 2023.
Report Highlights
The global market for Internet of Things (IoT) sensors reached $7.3 billion in 2015. This market is expected to increase from nearly $10.6 billion in 2016 to nearly $47.8 billion in 2021 at a compound annual growth rate (CAGR) of 35.0% for 2016-2021.
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