Learn about the global IoT sensors market through The Business Research Company, which provides information on IoT sensors market size, IoT sensors market drivers and restraints, IoT sensors market players, the COVID-19 impact on the IoT sensors market, and more.

The global IoT sensors market size is expected grow from $5.79 billion in 2021 to $6.20 billion in 2022 at a compound annual growth rate (CAGR) of 7.1%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The IoT sensor market is expected to reach $8.11 billion in 2026 at a CAGR of 6.9%.

The application of IoT in automotive and transport sectors is a key factor driving the growth of the IoT sensors market.

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The IoT sensors market consists of sales of IoT sensors and related services that are used in healthcare, automotive, transportation, manufacturing and other industrial sectors. The internet of things, or IoT, is a collection of interconnected smart devices, mechanical and digital machines, objects, animals or people supplied with unique identifiers (UIDs) and the ability to transmit data across a network without needing human-to-human or human-to-computer interaction.

Global Iot Sensors Market Segments Include:

By Product Type: Temperature Sensors, Pressure Sensors, Humidity Sensors, Flow Sensors, Accelerometers, Magnetometers, Gyroscopes, Inertial Sensors, Image Sensors, Others

By Application: Building Automation, Industrial Application, Automotive Application, Healthcare Application, Retailing and Logistics Application, Security Application, Agriculture Application, Others

By End-User Industry: Healthcare, Automotive and Transportation, Manufacturing / Industrial, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the IoT sensors market in 2021.

The artificial intelligence is a key trend in the IoT sensors market. Artificial intelligence is the basic ingredient required to process the huge amount of data gathered these days, and to maximize its value for the company. AI will assist IoT data analysis in the following areas, such as data accuracy in time series, predictive and advanced analytics, data preparation, geospatial and location real-time

TBRC’s IoT sensors market report covers:

Major Market Players: Texas Instruments, TE Connectivity, NXP Semiconductors, STMicroelectronics, TDK Corporation, Infineon Technologies, Omron, Honeywell, Sensata Technologies, and Broadcom.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The IoT Sensors Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides IoT sensors market overviews, analyzes and forecasts market size, share, IoT sensors market players, IoT sensors market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s IoT sensors market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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