Iot Sensor Industry Statistics

In this post, we explore the dynamic landscape of the IoT sensor industry with a focus on key statistics and projections shaping the market. From the exponential growth in market size to the diverse applications across sectors, the data paints a vivid picture of the expanding role of IoT sensors in our interconnected world. Let’s dive into the numbers that are driving innovation and reshaping industries globally.

Statistic 1

"The global IoT sensor market size was valued at USD 9.9 billion in 2019."

Statistic 2

"It is projected to register a CAGR of 24.4% from 2020 to 2027."

Statistic 3

"By 2026, the IoT sensor market is expected to reach around $40 billion."

Statistic 4

"Sensors for consumer IoT are expected to exceed an annual shipment of 7 billion by 2024."

Statistic 5

"By 2023, the IoT sensor market will have 63% CAGR in Asia Pacific Region."

Statistic 6

"Consumer electronics held the highest market share in the IoT Sensor market in 2019."

Statistic 7

"Sensor shipments accounted for 31% of total IoT devices in 2018."

Statistic 8

"North America held the major IoT Sensor market share in 2019."

Statistic 9

"IoT sensors in health care applications are projected to reach USD 1.9 billion by 2024."

Statistic 10

"The retail sector is projected to grow at a highest CAGR during the forecast period."

Statistic 11

"Industrial IoT sensors market to reach $22 billion by 2026."

Statistic 12

"Globally, production of IoT sensors reached 23 billion units in 2019."

Statistic 13

"IoT devices are projected to increase to 31 billion by 2020 and 75 billion by 2025"

Statistic 14

"IoT sensor devices are most commonly used in home automation applications, with 29.7% market share."

Statistic 15

"Healthcare is predicted to witness the fastest growth in the adoption of IoT sensors with 26% CAGR between 2020-2027."

Statistic 16

"Honeywell, Infineon, and Stmicroelectronics are among the leading players in the global IoT sensor market."

Statistic 17

"In 2021, the global revenue from sales of IoT connected devices is forecasted to reach around 1.6 billion U.S. dollars."

Statistic 18

"The adoption of IoT Sensors in the automotive industry is predicted to witness 21% CAGR by 2027 driven by self-driving vehicles and predictive maintenance of vehicles."

The IoT sensor industry is experiencing rapid growth and innovation, with a projected market value expected to reach billions by the mid-2020s. From significant annual shipment projections to substantial CAGR rates in various sectors such as consumer electronics, healthcare, and retail, the statistics paint a vivid picture of the expanding influence of IoT sensors globally. North America currently dominates the market share, but the Asia Pacific region is poised to experience substantial growth in the coming years. As key players like Honeywell, Infineon, and Stmicroelectronics lead the way, it is evident that IoT sensors are becoming integral components in a wide range of applications, from home automation to industrial settings.