Latin America Iot Sensors Market Size & Outlook, 2023-2030
The iot sensors market in Latin America is expected to reach a projected revenue of US$ 6,487.9 million by 2030. A compound annual growth rate of 36.8% is expected of Latin America iot sensors market from 2024 to 2030.
- Semiconductors, Electronics & Components
- Sensors, Controls & Embedded Systems
- IoT Sensors Market Outlook
- Sensors, Controls & Embedded Systems
Revenue, 2023 (US$M)
$722.9
Forecast, 2030 (US$M)
$6,487.9
CAGR, 2024 - 2030
36.8%
Report Coverage
Latin America
Latin America Iot Sensors Market, 2018-2030 (US$M)
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Latin America iot sensors market highlights
- The Latin America iot sensors market generated a revenue of USD 722.9 million in 2023.
- The market is expected to grow at a CAGR of 36.8% from 2024 to 2030.
- In terms of segment, temperature sensors was the largest revenue generating sensors in 2023.
- Temperature Sensors is the most lucrative sensors segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 722.9 million |
| Market revenue in 2030 | USD 6,487.9 million |
| Growth rate | 36.8% (CAGR from 2024 to 2030) |
| Largest segment | Temperature sensors |
| Fastest growing segment | Temperature Sensors |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Temperature Sensors |
| Key market players worldwide | Texas Instruments Inc, TE Connectivity Ltd, STMicroelectronics NV, NXP Semiconductors NV, Honeywell International Inc, Siemens AG, General Electric, OMRON Corp, Murata Manufacturing Co Ltd, Analog Devices Inc, Robert Bosch Engineering & Business Solutions, Infineon Technologies AG, Sensirion |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.4% of the global iot sensors market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 38,773.9 million by 2030.
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Publish Date: Jul 23, 2024
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IoT Sensors Market Scope
IoT Sensors Market segmentation & scope
End Use
Consumer Electronics
Wearable Devices
Automotive & Transportation
BFSI
Healthcare
Retail
Building Automation
Oil & Gas
Agriculture
Aerospace & Defense
Others
IoT Sensors Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| OMRON Corp | View profile | 28,034 | Shiokoji Horikawa, Shimogyo-ku, Kyoto, Japan, 600-8530 | www.omron.co.jp |
| STMicroelectronics NV | View profile | 51,323 | 39, Chemin du Champ des Filles, Plan-Les-Ouates, Geneva, Switzerland, 1228 | www.st.com |
| Infineon Technologies AG | View profile | 59,364 | Am Campeon 1-15, Neubiberg, Munich, Germany, 85579 | www.infineon.com |
| Siemens AG | View profile | 321,000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | www.siemens.com |
| Honeywell International Inc | View profile | 95,000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | www.honeywell.com |
| Murata Manufacturing Co Ltd | View profile | 73,828 | No. 10 No. 1 Yubinbango, Nagaokakyo, 1-chome, Kyoto Higashikotari, Nagaokakyo, Japan, 617-8555 | www.murata.co.jp |
| Analog Devices Inc | View profile | 26,000 | One Analog Way, Wilmington, MA, United States, 01887 | www.analog.com |
| Texas Instruments Inc | View profile | 34,000 | 12500 TI Boulevard, Dallas, TX, United States, 75243 | www.ti.com |
| NXP Semiconductors NV | View profile | 34,200 | 60 High Tech Campus, Eindhoven, NB, Netherlands, 5656 AG | www.nxp.com |
| TE Connectivity Ltd | View profile | 90,000 | Muhlenstrasse 26, Schaffhausen, Switzerland, CH-8200 | www.te.com |
Latin America IoT Sensors 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 Sensors Market Outlook will help companies and investors design strategic landscapes.
Temperature Sensors was the largest segment with a revenue share of 100.0% in 2023.
Horizon Databook has segmented the Latin America iot sensors market based on temperature sensors covering the revenue growth of each sub-segment from 2018 to 2030.
- Latin America Iot Sensors Market Sensors Outlook (Revenue, USD Million , 2018-2030)
- Temperature Sensors
- Motion Sensors
- Light Sensors
- Others
- Latin America Iot Sensors Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Consumer Electronics
- Wearable Devices
- Automotive & Transportation
- BFSI
- Healthcare
- Retail
- Building Automation
- Oil & Gas
- Agriculture
- Aerospace & Defense
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America IoT Sensors Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America IoT Sensors Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.