North America Iot Sensors Market Size & Outlook, 2023-2030
The iot sensors market in North America is expected to reach a projected revenue of US$ 32,492.7 million by 2030. A compound annual growth rate of 31.5% is expected of North America iot sensors market from 2024 to 2030.
Revenue, 2023 (US$M)
$4,775.0
Forecast, 2030 (US$M)
$32,492.7
CAGR, 2024 - 2030
31.5%
Report Coverage
North America
North America iot sensors market highlights
- The North America iot sensors market generated a revenue of USD 4,775.0 million in 2023.
- The market is expected to grow at a CAGR of 31.5% 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.
North America data book summary
| Market revenue in 2023 | USD 4,775.0 million |
| Market revenue in 2030 | USD 32,492.7 million |
| Growth rate | 31.5% (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, North America region accounted for 35.7% 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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IoT Sensors Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| General Electric | View profile | 10001+ | Boston, Massachusetts, United States, North America | http://www.ge.com |
| Sensirion | View profile | 1001-5000 | Stafa, Zurich, Switzerland, Europe | http://www.sensirion.com |
| Robert Bosch Engineering & Business Solutions | View profile | 10001+ | Bangalore, Karnataka, India, Asia | http://www.bosch-india-software.com |
| TE Connectivity Ltd | View profile | 90000 | Muhlenstrasse 26, Schaffhausen, Switzerland, CH-8200 | https://www.te.com |
| NXP Semiconductors NV | View profile | 34200 | 60 High Tech Campus, Eindhoven, NB, Netherlands, 5656 AG | https://www.nxp.com |
| Texas Instruments Inc | View profile | 34000 | 12500 TI Boulevard, Dallas, TX, United States, 75243 | https://www.ti.com |
| Analog Devices Inc | View profile | 26000 | One Analog Way, Wilmington, MA, United States, 01887 | https://www.analog.com |
| Murata Manufacturing Co Ltd | View profile | 73828 | No. 10 No. 1 Yubinbango, Nagaokakyo, 1-chome, Kyoto Higashikotari, Nagaokakyo, Japan, 617-8555 | http://www.murata.co.jp |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| Infineon Technologies AG | View profile | 59364 | Am Campeon 1-15, Neubiberg, Munich, Germany, 85579 | https://www.infineon.com |
| STMicroelectronics NV | View profile | 51323 | 39, Chemin du Champ des Filles, Plan-Les-Ouates, Geneva, Switzerland, 1228 | https://www.st.com |
| OMRON Corp | View profile | 28034 | Shiokoji Horikawa, Shimogyo-ku, Kyoto, Japan, 600-8530 | http://www.omron.co.jp |
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