North America IoT Devices Market (2025 - 2030) Size, Share & Trends Analysis Report By Component (Sensors, Actuators, Processors, Edge Devices), By End Use, By Connectivity, By Region, And Segment Forecasts

Market Size & Trends

The North America IoT devices market size is estimated at USD 24.51 billion in 2024 and is expected to grow at a CAGR of 13.5% from 2025 to 2030. The widespread penetration of smart home devices such as smart speakers, security systems, thermostats, and connected lighting in the region is driving the market growth. Additionally, rising adoption of IoT-enabled energy-saving solutions like smart meters and appliances is helping consumers reduce utility bills and environmental impact. In healthcare, IoT-driven innovations, including wearables and remote monitoring devices, are improving patient care and operational efficiency.

Government initiatives in both the U.S. and Canada are pushing for smart urban management by integrating IoT into public infrastructure, which is expected to present lucrative opportunities for the North America IoT devices industry in the coming years.

Industrial sectors in North America are leveraging IoT devices to enable real-time data collection and advanced analytics, optimizing operations, enhancing productivity, and lowering operational costs. The rise of smart cities across the U.S. and Canada drives investment in IoT technologies for traffic management, energy distribution, and environmental monitoring to enhance urban living standards and administration efficiency. These factors are expected to drive the North America IoT devices industry expansion in the coming years.

In addition,technological advancements such 5G networks, edge computing, and AI integration are revolutionizing the North American IoT devices industry. 5G technologies facilitate faster, low-latency device communication, imperative for real-time industrial and consumer applications. Edge computing enables efficient on-site data processing, while AI and machine learning empower predictive analytics and automated decision-making, driving wider IoT deployment and innovation across industries in the region.

Furthermore, Industrial IoT (IIoT) expansion is a major regional trend, especially in the manufacturing hub of North America. Factories are adopting IoT-driven automation for optimized production, resource efficiency, and predictive maintenance, transitioning into smart, data-driven facilities. Additionally, the automotive industry is embracing IoT for connected vehicles, including real-time monitoring, electric vehicle infrastructure integration, and innovative payment solutions, thereby driving the North America IoT devices industry

Moreover, sustainability and energy efficiency efforts in North America are intensifying IoT device adoption, particularly sensor-based solutions for comprehensive energy management in homes, businesses, and public infrastructure. These technologies support cost reduction and help meet government and corporate goals for environmental responsibility, highlighting their strategic role in regional resource optimization and carbon footprint reduction initiatives.

Component Insights

The sensors segment in the North America IoT devices market recorded the largest revenue share of over 32.0% in 2024. This growth is fueled by strong demand for connected and wearable devices, notably in the healthcare and consumer electronics sectors. The regional growth is further driven by the rapid proliferation of smartphones and wearables like smartwatches, alongside increasing smart home adoption, which enhances user experience and operational efficiency. Additionally, advancements in wireless connectivity technologies such as Wi-Fi 6 and Bluetooth Low Energy continue to support expanded sensor integration in consumer and industrial applications.

The edge devices segment is projected to register the fastest CAGR of over 14.0% from 2025 to 2030. This growth is propelled by technological advancements in edge computing infrastructure and broad 5G network deployments. The region’s need for low-latency, real-time data processing solutions in industrial automation, smart cities, and autonomous systems accelerates edge adoption. Moreover, regulatory push for data sovereignty and privacy emphasizes localized data management at the edge, promoting growth in this segment across North American enterprises and municipalities.

End Use Insights

The industrial IoT (IIoT) segment recorded the largest revenue share of the North America IoT devices industry in 2024. This growth is primarily driven by strong adoption of Industry 4.0 technologies focused on boosting manufacturing productivity and efficiency. The integration of IIoT solutions enables real-time monitoring, predictive maintenance, and advanced data analytics, which help reduce downtime and operational costs for manufacturers. Significant investments in smart factories and automation are accelerating the shift towards connected, efficient production systems across the U.S. and Canada, reinforcing the industrial segment’s dominant market position.

The agriculture segment is projected to register the highest CAGR from 2025 to 2030, driven by the growing demand for precision farming technologies that utilize IoT devices to monitor crop health, soil quality, and weather conditions. Adoption of smart agriculture solutions is improving yield efficiency and resource management while addressing regional challenges such as labor shortages and climate variability. Additionally, government programs promoting sustainable farming and innovations in sensor and drone technologies are driving rapid growth in North American smart agriculture.

Connectivity Insights

The Wi-Fi segment recorded the largest revenue share in 2024, driven by growing demand for high-speed internet and the surge in connected IoT devices across homes and businesses. With the accelerated adoption of IoT in the region, efficient and reliable Wi-Fi modules have become crucial for ensuring seamless connectivity and data transfer. Advanced Wi-Fi technologies, including Wi-Fi 6 and the emerging Wi-Fi 7, have improved communication efficiency, making Wi-Fi the dominant choice for applications ranging from smart homes to industrial automation in the North American market.

The cellular segment is projected to register the fastest CAGR from 2025 to 2030, fueled by expanding cellular network coverage and enhanced capabilities brought by 5G technology. This evolution enables faster data transmission and reduced latency, which are essential for real-time IoT applications in sectors such as automotive, healthcare, and smart cities. The increasing demand for mobile connectivity in these industries is driving growth in IoT solutions that require a robust and reliable cellular network infrastructure across the region.

Country Insights

U.S. IoT Devices Market Trends

The U.S. IoT devices market accounted for the largest share in 2024.This growth is primarily driven by an increasing adoption of automation technologies across various industries, enhancing operational efficiency and reducing costs. The integration of advanced analytics and smart sensors facilitates real-time data collection and decision-making, which is crucial for predictive maintenance and supply chain optimization.

Canada IoT Devices Market Trends

The Canada IoT devices market is expected to grow at the fastest CAGR of over 15.0% from 2025 to 2030, driven by expanding 5G networks, government support for digital infrastructure, and increasing adoption of smart home and industrial IoT solutions. The strong growth in sensor and edge device segments, with Canadian cities such as Toronto, Vancouver, and Montreal investing in smart city technologies such as intelligent transportation and air quality monitoring, is expected to drive the market growth in the coming years.

Key North America IoT Devices Company Insights

Some of the key players operating in the market include Cisco Systems, Inc., Honeywell International, Inc. and Qualcomm Technologies, Inc. among others.

• Cisco Systems, Inc. is a technology company in North America specializing in networking hardware, software, and telecommunications equipment. It is renowned for its innovative IoT solutions that serve diverse industries and verticals across the region, including smart cities and communities, manufacturing, smart buildings, education, mining, financial services, oil & gas, healthcare, transportation, and retail. Cisco enables enterprises and public sector organizations to digitize operations and enhance connectivity, security, and automation throughout these sectors.

• Honeywell International Inc., a prominent multinational conglomerate in North America, develops advanced technologies and solutions for building automation, energy sustainability, industrial automation, and aerospace applications. The company’s diversified technology-based product portfolio supports various industry verticals such as aerospace, commercial buildings, energy, healthcare, high-tech/IT, life sciences, and manufacturing. Honeywell’s innovations address critical regional needs for efficiency, safety, and sustainability across these dynamic sectors.

Sierra Wireless and Arm Holdings plc are some of the emerging players in the North America IoT devices market.

• Sierra Wireless, a subsidiary of Semtech Corporation based in North America, is a leading provider of IoT connectivity solutions specializing in cellular modules, rugged routers, and global connectivity services. With nearly 30 years of industry experience, Sierra Wireless leverages advanced 4G LTE and 5G technologies to deliver secure and reliable connections for applications across key North American industries, including utilities, healthcare, logistics, and smart infrastructure. Its robust portfolio simplifies IoT deployments and supports the region's expanding digital ecosystem.

• Arm Holdings plc plays a crucial role in North America’s IoT ecosystem by providing foundational semiconductor architecture and technology licensing used widely in IoT devices. Arm's energy-efficient and high-performance chip designs power a broad range of connected devices, underpinning innovations in smart homes, automotive safety systems, industrial automation, and edge computing. The company’s technologies are instrumental in advancing the performance and scalability of IoT solutions across the North American market.

Recent Developments

• In June 2025, Honeywell International, Inc. launched an AI‑enabled digital suite for industrial operations, including cybersecurity solutions for OT environments and tools to simulate/test engineering deployments before implementation.

• In April 2025, Siemens AG acquired U.S.‑based R&D software company Dotmatics for USD 5.1 billion to strengthen its life sciences portfolio, particularly software capabilities (product lifecycle management etc.) under its Siemens Xcelerator platform.

• In January 2025, Qualcomm Technologies, Inc. announced a collaboration with Toshiba to develop scalable AI-powered IoT solutions for the retail sector. This partnership aims to integrate edge computing with cloud services, allowing real-time processing of data from intelligent cameras and other retail devices.

North America IoT Devices Market Report Scope

North America IoT Devices Market Report Segmentation

This report forecasts revenue growth at the regional level and provides an analysis of the latest technology trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the North America IoT devices market report based on component, end use, connectivity, and region:

• Component Outlook (Revenue, USD Billion, 2018 - 2030)

  • Smart Home

    • Sensors

    • Actuators

    • Processors

    • Edge Devices

    • Others

  • Industrial IoT (IIoT)

    • Sensors

    • Actuators

    • Processors

    • Edge Devices

    • Others

  • Healthcare

    • Sensors

    • Actuators

    • Processors

    • Edge Devices

    • Others

  • Automotive and Transportation

    • Sensors

    • Actuators

    • Processors

    • Edge Devices

    • Others

  • Retail

    • Sensors

    • Actuators

    • Processors

    • Edge Devices

    • Others

  • Agriculture

    • Sensors

    • Actuators

    • Processors

    • Edge Devices

    • Others

  • Energy and Utilities

    • Sensors

    • Actuators

    • Processors

    • Edge Devices

    • Others

  • Smart Cities

    • Sensors

    • Actuators

    • Processors

    • Edge Devices

    • Others

  • Wearables

    • Sensors

    • Actuators

    • Processors

    • Edge Devices

    • Others

  • Consumer Electronics

    • Sensors

    • Actuators

    • Processors

    • Edge Devices

    • Others

  • Others

• End Use Outlook (Revenue, USD Billion, 2018 - 2030)

  • Smart Home IoT Devices

    • Smart Thermostats

    • Energy Meters

    • Smart Locks

    • Surveillance Cameras

    • Smart Speakers

    • Connected Appliances

    • Others

  • Industrial IoT (IIoT)

    • Programmable Logic Controllers (PLCs)

    • Asset Trackers

    • RFID Systems

    • Connected Cameras

    • Others

  • Healthcare

    • Wearable Health Monitors

    • Remote Diagnostic Tools

    • Connected Imaging Devices

    • Smart Insulin Pens

    • Smart Ventilators

    • Others

  • Automotive and Transportation

    • Onboard Diagnostic (OBD) Devices

    • Telematics Systems

    • GPS Trackers

    • Asset Trackers

    • Connected Cameras

    • Others

  • Retail

    • Digital Kiosks

    • Electronic Price Tags

    • RFID Systems

    • Connected Barcode Scanners

    • Surveillance Cameras

    • Access Control Devices

    • Others

  • Agriculture

    • Weather Stations

    • Irrigation Controllers

    • Wearable Animal Trackers

    • Feeding Monitors

    • Connected Cameras

    • Others

  • Energy and Utilities

    • Connected Meters

    • Load Control Switches

    • Grid Sensors

    • Leak Detection Sensors

    • Flow Meters

    • Pressure Monitoring Devices

    • Others

  • Smart Cities

    • Smart Streetlights

    • Connected Parking Meters

    • Waste Management Sensors

    • Air Quality Monitors

    • EV Charging Stations

    • Traffic Monitoring Systems

    • Connected Cameras

    • Others

  • Wearables

    • Smartwatches

    • Fitness Bands

    • Wearable AR/VR Devices

    • Others

  • Consumer Electronics

    • Smart TVs

    • Gaming Consoles

    • Streaming Devices

    • Smart Routers

    • Smart Glasses

    • Others

  • Others

• Connectivity Outlook (Revenue, USD Billion, 2018 - 2030)

  • Smart Home IoT Devices

    • Wi-Fi

    • Bluetooth

    • Zigbee

    • Cellular (5G,4G,3G)

    • RFID

    • Others

  • Industrial IoT (IIoT)

    • Wi-Fi

    • Bluetooth

    • Zigbee

    • Cellular (5G,4G,3G)

    • RFID

    • Others

  • Healthcare

    • Wi-Fi

    • Bluetooth

    • Zigbee

    • Cellular (5G,4G,3G)

    • RFID

    • Others

  • Automotive and Transportation

    • Wi-Fi

    • Bluetooth

    • Zigbee

    • Cellular (5G,4G,3G)

    • RFID

    • Others

  • Retail

    • Wi-Fi

    • Bluetooth

    • Zigbee

    • Cellular (5G,4G,3G)

    • RFID

    • Others

  • Agriculture

    • Wi-Fi

    • Bluetooth

    • Zigbee

    • Cellular (5G,4G,3G)

    • RFID

    • Others

  • Energy and Utilities

    • Wi-Fi

    • Bluetooth

    • Zigbee

    • Cellular (5G,4G,3G)

    • RFID

    • Others

  • Smart Cities

    • Wi-Fi

    • Bluetooth

    • Zigbee

    • Cellular (5G,4G,3G)

    • RFID

    • Others

  • Wearables

    • Wi-Fi

    • Bluetooth

    • Zigbee

    • Cellular (5G,4G,3G)

    • RFID

    • Others

  • Consumer Electronics

    • Wi-Fi

    • Bluetooth

    • Zigbee

    • Cellular (5G,4G,3G)

    • RFID

    • Others

  • Others

• Regional Outlook (Revenue, USD Billion, 2018 - 2030)

  • U.S.

  • Canada

  • Mexico