North America IoT Sensor Market

Historic Data: 2015-2016   |   Base Year: 2017   |   Forecast Period: 2018-2027

No. of Pages: 152    |    Report Code: TIPRE00003905    |    Category: Electronics and Semiconductor

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North America IoT Sensor Market
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IoT Sensor market in North America is expected to grow from US$ 3,609.9 Mn in 2017 to US$ 21,121.7 Mn by the year 2027. This represents a CAGR of 21.6% from the year 2019 to 2027.



Growing application of IoT and connected devices is fueling the North America IoT Sensor market. The advent of IoT has enabled each device to be connected over the internet and the rising adoptions would result in more than billions of devices connected over the internet. Also, validating to the above mentioned point is the fact that the data traffic rate on a global level, has grown at an annual rate of more than 65% over the last five years. Also, between 2018 and 2023, the data traffic is anticipated to grow at a compound annual growth rate of close to 40 percent. This exponential growth in data traffic over the internet is out rightly attributed to the growing penetration of smartphones and other consumer electronic devices that can be connected over the internet as a result of the growing popularity of IoT, thereby driving the IoT Sensor market in North America.

The mounting adoption of advanced technologies is anticipated to fuel the North America IoT Sensor market growth. The industrial sector is becoming increasingly entangled with Artificial Intelligence, big data as well as other such technologies. It is predicted that in the near future, automation will not only boost productivity but will also provide an advanced smart assistance to humans. The players are significantly investing in the development of industrial robots integrated with artificial intelligence. Further, the Chinese government is expanding its efforts to integrate artificial intelligence technologies into industrial sector. The integration of artificial intelligence will further reduce the intervention of humans, which will be beneficial for countries with inadequate and expensive labor force. These initiative by the market player are enhancing the growth of North America IoT Sensor market.

US is anticipated to leads the IoT Sensor market across the North America region through the forecast period. The US is a major global leader in industrial automation and associated equipment and controls. Industrial automation is broadly categorized into hardware and components which are used to automate systems in industrial or manufacturing settings. Most of the demand for IoT Sensors comes from the automobile and electronics manufacturing industries. This scope is facilitating the Applications to adopt this technology, thereby creating a substantial market for the same at present, which is projecting a positive growth on the IoT Sensors market. It will further propel the growth of manufacturing industry in the country thereby, accelerating the growth of IoT Sensor market in the U.S. This bolster the North America IoT Sensor market on the forecast period. The figure given below highlights the revenue share of Canada in the North America IoT Sensor market in the forecast period:

Canada IoT Sensor Market Revenue and Forecasts to 2027 (US$ Bn)

NORTH AMERICA AUTOMOTIVE SEMICONDUCTOR - MARKET SEGMENTATION

By Type


  • Temperature sensor
  • Light Sensor
  • Pressure Sensor
  • Chemical Sensor
  • Motion Sensor
  • Others

By Connectivity Type


  • Wired
  • Wireless

By Application


  • Consumer Electronics
  • Building Automation
  • Healthcare
  • Automotive
  • Industrial
  • Retail
  • Others

By Country


  • US
  • Canada
  • Mexico

Companies Mentioned


  1. Analog Devices, Inc.
  2. ARM Holdings PLC
  3. Broadcom, Inc.
  4. Honeywell International, Inc.
  5. Infineon Technologies AG
  6. NXP Semiconductors N.V.
  7. Omron Corporation
  8. Robert Bosch Gmbh
  9. STMicroelectronics N.V.
  10. Texas Instruments Incorporated

North America IoT Sensor Strategic Insights

Strategic insights for the North America IoT Sensor provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

strategic-framework/north-america-iot-sensor-market-strategic-framework.webp
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North America IoT Sensor Report Scope

Report Attribute Details
Market size in 2017 US$ 3,609.9 Million
Market Size by 2027 US$ 21,121.7 Million
Global CAGR (2019 - 2027) 21.6%
Historical Data 2015-2016
Forecast period 2018-2027
Segments Covered By Type
  • Temperature Sensor
  • Light Sensor
  • Pressure Sensor
  • Chemical Sensor
  • Motion Sensor
By Connectivity Type
  • Wired
  • Wireless
By Application
  • Consumer Electronics
  • Building Automation
  • Healthcare
  • Automotive
  • Industrial
  • Retail
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Market leaders and key company profiles
  • Analog Devices, Inc.
  • ARM Holdings PLC
  • Broadcom, Inc.
  • Honeywell International, Inc.
  • Infineon Technologies AG
  • NXP Semiconductors N.V.
  • Omron Corporation
  • Robert Bosch Gmbh
  • STMicroelectronics N.V.
  • Texas Instruments Incorporated
    		•
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    North America IoT Sensor Regional Insights

    The geographic scope of the North America IoT Sensor refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    Identical Market Reports with other Region/Countries

    The List of Companies - North America IoT Sensor Market

    The List of Companies

    1. Analog Devices, Inc.
    2. ARM Holdings PLC
    3. Broadcom, Inc.
    4. Honeywell International, Inc.
    5. Infineon Technologies AG
    6. NXP Semiconductors N.V.
    7. Omron Corporation
    8. Robert Bosch Gmbh
    9. STMicroelectronics N.V.
    10. Texas Instruments Incorporated
    Frequently Asked Questions
    How big is the North America IoT Sensor Market?

    The North America IoT Sensor Market is valued at US$ 3,609.9 Million in 2017, it is projected to reach US$ 21,121.7 Million by 2027.

    What is the CAGR for North America IoT Sensor Market by (2019 - 2027)?

    As per our report North America IoT Sensor Market, the market size is valued at US$ 3,609.9 Million in 2017, projecting it to reach US$ 21,121.7 Million by 2027. This translates to a CAGR of approximately 21.6% during the forecast period.

    What segments are covered in this report?

    The North America IoT Sensor Market report typically cover these key segments-

  • Type (Temperature Sensor, Light Sensor, Pressure Sensor, Chemical Sensor, Motion Sensor)
  • Connectivity Type (Wired, Wireless)
  • Application (Consumer Electronics, Building Automation, Healthcare, Automotive, Industrial, Retail)

    • What is the historic period, base year, and forecast period taken for North America IoT Sensor Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America IoT Sensor Market report:

  • Historic Period : 2015-2016
  • Base Year : 2017
  • Forecast Period : 2018-2027
    • Who are the major players in North America IoT Sensor Market?

    The North America IoT Sensor Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • Analog Devices, Inc.
  • ARM Holdings PLC
  • Broadcom, Inc.
  • Honeywell International, Inc.
  • Infineon Technologies AG
  • NXP Semiconductors N.V.
  • Omron Corporation
  • Robert Bosch Gmbh
  • STMicroelectronics N.V.
  • Texas Instruments Incorporated
    • Who should buy this report?

    The North America IoT Sensor Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the North America IoT Sensor Market value chain can benefit from the information contained in a comprehensive market report.

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