India Iot Devices Market Size & Outlook, 2025-2030
Global Market
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India iot devices market highlights
- The India iot devices market generated a revenue of USD 2,885.5 million in 2024 and is expected to reach USD 10,276.8 million by 2030.
- The India market is expected to grow at a CAGR of 23.2% 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 2,885.5 million |
| Market revenue in 2030 | USD 10,276.8 million |
| Growth rate | 23.2% (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, India accounted for 4.1% 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 Asia Pacific, China iot devices market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 10,276.8 million by 2030.
The Indian government has launched several initiatives to encourage the adoption and development of IoT devices across various sectors, from smart cities to agriculture, healthcare, and industry. The Indian manufacturing sector is increasingly adopting IoT devices to enhance production efficiency, automate processes, and reduce costs.
Industrial IoT (IIoT) solutions, such as smart sensors, predictive maintenance systems, machine-to-machine (M2M) communication, and real-time monitoring tools, are becoming common in industries such as automotive, textiles, electronics, and steel manufacturing.
IoT adoption in agriculture is rapidly gaining traction as farmers look to enhance crop yield, optimize resource utilization, and ensure sustainability. IoT solutions such as soil moisture sensors, weather stations, drone surveillance, and smart irrigation systems are helping farmers make data-driven decisions.
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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 |
India 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 40.78% in 2024.
Horizon Databook has segmented the India iot devices market based on sensors, actuators, processors, edge devices covering the revenue growth of each sub-segment from 2018 to 2030.
The Indian government has launched several initiatives to encourage the adoption and development of IoT devices across various sectors, from smart cities to agriculture, healthcare, and industry. The Indian manufacturing sector is increasingly adopting IoT devices to enhance production efficiency, automate processes, and reduce costs.
Industrial IoT (IIoT) solutions, such as smart sensors, predictive maintenance systems, machine-to-machine (M2M) communication, and real-time monitoring tools, are becoming common in industries such as automotive, textiles, electronics, and steel manufacturing.
IoT adoption in agriculture is rapidly gaining traction as farmers look to enhance crop yield, optimize resource utilization, and ensure sustainability. IoT solutions such as soil moisture sensors, weather stations, drone surveillance, and smart irrigation systems are helping farmers make data-driven decisions.
- India Iot Devices Market Component Outlook (Revenue, USD Million , 2018-2030)
- Sensors
- Actuators
- Processors
- Edge Devices
- Others
- India 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
- India 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 India IoT Devices Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into India IoT Devices Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
India Iot Devices Market, 2018-2030 (US$M)
India iot devices market statistics, by component, 2018-2030 (US$M)
