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.
- Semiconductors, Electronics & Components
- Sensors, Controls & Embedded Systems
- IoT Sensors Market Outlook
- Sensors, Controls & Embedded Systems
Revenue, 2023 (US$M)
$4,775.0
Forecast, 2030 (US$M)
$32,492.7
CAGR, 2024 - 2030
31.5%
Report Coverage
North America
North America Iot Sensors Market, 2018-2030 (US$M)
Prism AI by Grand View ResearchFree to try
Ask a question about the iot sensors market
Every figure cited from GVR research
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.
No credit card required*
Publish Date: Jul 23, 2024
Customize the Report
20% free customization
- Include
- Countries, segments, points
- Tailor
- To your product definition
- Extend
- Deeper competitor detail
- Or
- A fully bespoke study
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
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 |
North 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 North America iot sensors market based on temperature sensors covering the revenue growth of each sub-segment from 2018 to 2030.
- North America Iot Sensors Market Sensors Outlook (Revenue, USD Million , 2018-2030)
- Temperature Sensors
- Motion Sensors
- Light Sensors
- Others
- North 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
Reasons to subscribe to IoT Sensors Market Outlook databook
- Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
- Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
- Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
- Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
- Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of IoT Sensors Market Outlook databook
- Our clientele includes a mix of IoT Sensors Market Outlook companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
- The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America IoT Sensors Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America IoT Sensors Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.