Canada Iot Devices Market Size & Outlook, 2025-2030
Global Market
Related Markets
Canada iot devices market highlights
- The Canada iot devices market generated a revenue of USD 5,253.3 million in 2024 and is expected to reach USD 12,730.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 15.5% from 2025 to 2030.
- In terms of segment, sensors was the largest revenue generating component in 2024.
- Edge Devices is the most lucrative component segment registering the fastest growth during the forecast period.
Iot devices market data book summary
| Market revenue in 2024 | USD 5,253.3 million |
| Market revenue in 2030 | USD 12,730.2 million |
| Growth rate | 15.5% (CAGR from 2025 to 2030) |
| Largest segment | Sensors |
| Fastest growing segment | Edge Devices |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sensors, Actuators, Processors, Edge Devices |
Other key industry trends
- In terms of revenue, Canada accounted for 7.5% of the global iot devices market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. iot devices market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 12,730.2 million by 2030.
The Canadian government has been working on building the necessary digital infrastructure to support the widespread adoption of IoT technologies. The Canadian Digital Service (CDS) aims to enhance public services through the use of digital tools and IoT devices, enabling smarter government operations and improving citizen engagement.
The consumer market in Canada has seen significant growth in smart home devices such as smart thermostats, lights, security systems, and voice assistants. Canadians are increasingly adopting these devices for enhanced comfort, energy efficiency, and security. Several Canadian cities, including Toronto, Vancouver, and Montreal, are embracing IoT technologies to create smart city solutions.
These include smart street lighting, waste management, air quality monitoring, and intelligent transportation systems. Canadian retailers are increasingly adopting IoT technologies for inventory management. IoT-enabled RFID tags, smart shelves, and automated stock monitoring systems allow businesses to track stock in real-time, ensuring optimal inventory levels and reducing waste.
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Publish Date: Feb 05, 2025
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IoT Devices Market Scope
IoT Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Intel Corp | View profile | 124,800 | 2200 Mission College Boulevard, Santa Clara, CA, United States, 95054-1549 | www.intel.com |
| Siemens Healthineers AG ADR | View profile | 71,400 | Siemensstr. 3, Forchheim, BY, Germany, 91301 | www.siemens-healthineers.com |
| STMicroelectronics NV | View profile | 51,323 | 39, Chemin du Champ des Filles, Plan-Les-Ouates, Geneva, Switzerland, 1228 | www.st.com |
| Honeywell International Inc | View profile | 95,000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | www.honeywell.com |
| Samsung Electronics Co Ltd | View profile | 124,804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | www.samsung.com |
| Texas Instruments Inc | View profile | 34,000 | 12500 TI Boulevard, Dallas, TX, United States, 75243 | www.ti.com |
| Qualcomm Inc | View profile | 50,000 | 5775 Morehouse Drive, San Diego, CA, United States, 92121-1714 | www.qualcomm.com |
| NXP Semiconductors NV | View profile | 34,200 | 60 High Tech Campus, Eindhoven, NB, Netherlands, 5656 AG | www.nxp.com |
| Cisco Systems Inc | View profile | 84,900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | www.cisco.com |
| Silicon Laboratories Inc | View profile | 1,846 | 400 West Cesar Chavez, Austin, TX, United States, 78701 | www.silabs.com |
Canada IoT Devices Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to IoT Devices Market Outlook will help companies and investors design strategic landscapes.
Sensors was the largest segment with a revenue share of 38.19% in 2024.
Horizon Databook has segmented the Canada iot devices market based on sensors, actuators, processors, edge devices covering the revenue growth of each sub-segment from 2018 to 2030.
The Canadian government has been working on building the necessary digital infrastructure to support the widespread adoption of IoT technologies. The Canadian Digital Service (CDS) aims to enhance public services through the use of digital tools and IoT devices, enabling smarter government operations and improving citizen engagement.
The consumer market in Canada has seen significant growth in smart home devices such as smart thermostats, lights, security systems, and voice assistants. Canadians are increasingly adopting these devices for enhanced comfort, energy efficiency, and security. Several Canadian cities, including Toronto, Vancouver, and Montreal, are embracing IoT technologies to create smart city solutions.
These include smart street lighting, waste management, air quality monitoring, and intelligent transportation systems. Canadian retailers are increasingly adopting IoT technologies for inventory management. IoT-enabled RFID tags, smart shelves, and automated stock monitoring systems allow businesses to track stock in real-time, ensuring optimal inventory levels and reducing waste.
- Canada Iot Devices Market Component Outlook (Revenue, USD Million , 2018-2030)
- Sensors
- Actuators
- Processors
- Edge Devices
- Others
- Canada Iot Devices Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Smart Home
- Industrial IoT (IIoT)
- Healthcare
- Automotive and Transportation
- Retail
- Agriculture
- Energy and Utilities
- Smart Cities
- Wearables
- Consumer Electronics
- Others
- Canada Iot Devices Market Connectivity Outlook (Revenue, USD Million , 2018-2030)
- Wi-Fi
- Bluetooth
- Zigbee
- Cellular
- RFID
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada IoT Devices Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada IoT Devices Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Canada Iot Devices Market, 2018-2030 (US$M)
Canada iot devices market statistics, by component, 2018-2030 (US$M)
