According to a market report by Lucintel, the future of the global IoT sensor market looks promising with opportunities in the consumer, commercial, and industrial markets. The global IoT sensor market is expected to reach an estimated $23 billion by 2030 with a CAGR of 27.6% from 2024 to 2030. The major drivers for this market are the significant usage of this sensor in automotive and industrial sector, expansion of smart cities, and emergence of industry 4.0.
A more
than 150-page report to understand trends, opportunity and forecast in global IoT
sensor market to 2030 by sensor type (humidity sensor, flow sensor,
accelerometer, magnetometer, gyroscope, inertial sensor, image sensor, touch
sensor, proximity sensor, and others), network technology (wired and wireless),
end use (consumer, commerial, and industrial), and region (North America, Europe,
Asia Pacific, and the Rest of the World).
Lucintel
forecasts that wireless will remain the largest segment over the forecast
period due to its rising demand from mobile devices, connected cars, and smart
grids.
Within
this market, consumer is expected to witness the highest growth over the
forecast period.
Download
sample by clicking on IoT sensor market.
North
America will remain the largest region over the forecast period due to rapid
adoption of IoT technology in various industries and presence of key players in
the region.
Texas
Instrument, TE Connectivity, Broadcom, NXP Semiconductors, STMicroelectronics are
the major suppliers in the IoT
sensor market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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