Internet of Things (IoT) Sensors Market

By Type;

Public Cloud, Private Cloud, and Hybrid Cloud

By Service Type;

Pressure Sensors, Temperature Sensors, Accelerometers, Gyroscopes, Magnetometers, Light Sensors, and Others

By Application;

Consumer Electronics, Healthcare, Retail, Industrial, Automotive, Retail, Building Automation, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn103904604 Published Date: June, 2025 Updated Date: July, 2025

IoT Sensors Market Overview

IoT Sensors Market (USD Million)

IoT Sensors Market was valued at USD 33,444.29 million in the year 2024. The size of this market is expected to increase to USD 190,343.55 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 28.2%.


Internet of Things (IoT) Sensors Market

*Market size in USD million

CAGR 28.2 %


Study Period2025 - 2031
Base Year2024
CAGR (%)28.2 %
Market Size (2024)USD 33,444.29 Million
Market Size (2031)USD 190,343.55 Million
Market ConcentrationLow
Report Pages309
33,444.29
2024
190,343.55
2031

Major Players

  • Robert Bosch GmbH
  • Infineon Technologies
  • InvenSense Inc.
  • Libelium
  • ARM Holdings Plc.
  • Digital International Inc
  • STMicroelectronics N.V.
  • Honeywell International Inc.
  • Ericsson

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Internet of Things (IoT) Sensors Market

Fragmented - Highly competitive market without dominant players


The IoT Sensors Market is experiencing dynamic expansion driven by the rising need for real-time data monitoring across various industries. Nearly 65% of industrial operations have adopted IoT sensors to improve system efficiency and enable proactive maintenance through continuous data transmission and analysis.

Integration with Artificial Intelligence
The convergence of artificial intelligence and IoT sensors is transforming how data is processed and utilized. Currently, about 58% of IoT sensor installations incorporate AI-driven analytics to extract actionable insights from large data volumes, allowing organizations to enhance productivity and optimize resource management with greater precision.

Expanding Adoption in Healthcare
In the healthcare sector, the implementation of IoT sensors has grown significantly, with almost 52% of healthcare providers using these technologies for continuous patient monitoring and diagnostics. This adoption supports early detection of medical conditions, enhances patient care, and streamlines healthcare operations.

Energy Efficiency and Sustainability
Energy management is another key driver, as around 48% of smart building infrastructures utilize IoT sensors to monitor environmental parameters and optimize energy use. These applications contribute to substantial energy savings and align with broader sustainability goals across industries.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Service Type
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. IoT Sensors Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising adoption of connected smart devices
        2. Growth in industrial IoT applications worldwide
        3. Demand for real-time data monitoring solutions
        4. Technological advancements in sensor miniaturizatio
      2. Restraints
        1. High cost of advanced sensor components
        2. Power consumption challenges in remote sensors
        3. Integration complexity across varied IoT systems
        4. Limited data accuracy in harsh environment
      3. Opportunities
        1. Emergence of self-powered sensor technologies

        2. Expansion of smart infrastructure and cities

        3. Increased demand in healthcare monitoring systems

        4. AI integration enhancing sensor decision capabilities

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. IoT Sensors Market, By Type, 2021 - 2031 (USD Million)
      1. Public Cloud
      2. Private Cloud
      3. Hybrid Cloud
    2. IoT Sensors Market, By Service Type, 2021 - 2031 (USD Million)
      1. Pressure Sensors
      2. Temperature Sensors
      3. Accelerometers
      4. Gyroscopes
      5. Magnetometers
      6. Light Sensors
      7. Others
    3. IoT Sensors Market, By Application, 2021 - 2031 (USD Million)
      1. Consumer Electronics
      2. Healthcare
      3. Retail
      4. Indusrtial
      5. Automotive
      6. Retail
      7. Building Automation
      8. Others
    4. IoT Sensors Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Robert Bosch GmbH
      2. Infineon Technologies
      3. InvenSense Inc.
      4. Libelium
      5. ARM Holdings Plc.
      6. Digital International Inc
      7. STMicroelectronics N.V.
      8. Honeywell International Inc.
      9. Ericsson
  7. Analyst Views
  8. Future Outlook of the Market