The Report Covers Global Consumer IoT Market Growth & Forecast and it is segmented by Type (Hardware, Solutions, Services), Application (Home Automation, Consumer Wearables, Consumer electronics, Healthcare, Automotive), and Geography. The market size and forecasts are provided in terms of value (USD) for all the above segments.

Europe was the second largest regional market for consumer IoT market in 2022 amounting to around 20 billion U.S. dollars. Between 2023 and 2030, the European market was forecast to grow by a compound annual growth rate of 11.8 percent, reaching a projected 49.1 billion U.S. dollars in 2030.

More information on the global consumer IoT market can be found here.

The global market value of consumer IoT in 2022 was about 75.1 billion U.S. dollars. North America was the largest regional market for consumer IoT market in 2022 amounting to around 29.8 billion U.S. dollars.

More information on the global consumer IoT market can be found here.

The size and share of the market is categorized based on Type (IoT Node Component, IoT Network Infrastructure, Internet of Things Solution, Internet of Things Service) and Application (Wearable Device, Consumer Electronics Products, Medical Insurance, Home Automation, Car, Other) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

North America was the largest regional market for consumer IoT market in 2022 amounting to around 22.9 billion U.S. dollars. Between 2023 and 2030, the United States market was forecast to grow by a compound annual growth rate of 13 percent, reaching a projected 64.6 billion U.S. dollars in 2030.

More information on the global consumer IoT market can be found here.

In 2022, the market value of consumer IoT in Asia-Pacific was about 14.29 billion U.S. dollars. Wireless was the largest market type that year, amounting to around 7.89 billion U.S. dollars.

More information on the global consumer IoT market can be found here.

Get detailed insights into the current valuation of Consumer Internet of Things (IoT) market size, including growth analysis, current market status and future market projections.

Global Internet of Things IoT platforms market size 2025 was XX Million. Internet of Things IoT platforms Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The Indonesia IoT Market Report is Segmented by Type (Hardware, Software, and Services), by Application (Automotive IoT, Consumer IoT, Healthcare IoT, Industrial IoT, Smart Cities, and Other Applications), by Region (Java, Sumatra, Kalimantan and Other Regions). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Global Consumer Internet of Things (CIoT) Market size size was USD 83.97 Billion in 2023 and is expected to USD 355.74 Billion by 2032 at a CAGR of 17.4%.

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Internet Of Things Sensors Market Size 2024-2028

The internet of things sensors market size is forecast to increase by USD 63.09 billion at a CAGR of 41.29% between 2023 and 2028.

The market is experiencing significant growth due to several key trends. The increasing demand for smart factories and Industrial IoT (IIoT) is driving the market, as sensors play a crucial role in enabling real-time monitoring and automation of industrial processes. 
Additionally, the need for remote monitoring of various applications, such as healthcare services and agriculture, is leading to a surge in demand for IoT sensors. Furthermore, regulatory compliance is becoming increasingly important, and sensors are essential for ensuring adherence to various standards and regulations. These factors are expected to continue fueling the growth of the IoT sensors market in the coming years.

What will be the Size of the IoT Sensors Market During the Forecast Period?

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The market is experiencing robust growth, driven by the increasing adoption of IoT technologies in various industries. IoT sensors play a crucial role in building security systems, connected healthcare, supply chain optimization, and smart home automation, among others. These sensors enable real-time data analysis, response time improvement, and AI-powered decision making in areas such as temperature and lighting control, edge computing, and error identification.
Market trends include the integration of IoT sensors in industrial automation, workflow optimization, and smart grid technology. In the realm of consumer devices, wearable technology trends, inertial sensors, and proximity-based systems are gaining traction. IoT sensors are also revolutionizing sectors like healthcare with applications in health monitoring, including electrocardiograms and occupancy sensors.
Additionally, IoT sensors are essential for digital transformation strategies in industries like transportation, enabling sustainable transportation solutions and autonomous vehicle development. In the realm of smart cities, IoT sensors are instrumental in optimizing energy management, air quality monitoring, and smart city infrastructure. Furthermore, IoT sensors are transforming industries like agriculture with precision farming and process optimization. In the realm of security, IoT sensors are being used for advanced robotics and occupancy detection, providing enhanced security measures. Overall, the IoT sensors market is a dynamic and evolving landscape, offering numerous opportunities for businesses seeking to leverage real-time data and improve operational efficiency.

How is this Internet Of Things Sensors Industry segmented and which is the largest segment?

The IoT sensors industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Consumer electronics
  Automotive
  Food and beverages
  Healthcare
  Others


Type

  Temperature sensor
  Pressure sensor
  Humidity sensor
  Flow sensor
  Others


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK


  APAC

    China


  South America



  Middle East and Africa

By End-user Insights

The consumer electronics segment is estimated to witness significant growth during the forecast period.

IoT sensors play a pivotal role in the consumer electronics industry, fueling the growth of markets such as wearable technology and smart homes. The integration of IoT sensors in devices enables enhanced functionality and responsiveness. Notable consumer electronics incorporating these sensors include smartphones, smartwatches, and fitness trackers, which monitor environmental changes, track user movement, and measure vital signs. The advent of IoT sensors has facilitated the development of smart homes, where devices can be remotely controlled via mobile applications. Additionally, IoT sensors are employed in industries like manufacturing, healthcare, transportation, and energy to optimize processes, improve response times, and enable remote monitoring.

Innovations such as connected cars, autonomous driving technologies, smart cities, aerospace, and industrial automation further expand the application scope of IoT sensors. These sensors contribute to energy efficiency, asset tracking, temperature and humidity control, and building automation, among other applications. IoT sensors enable data-driven strategies and facilitate the integration of machine learning and artificial intelligence, enhancing overall system performance.

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The Consumer electronics segment was valued at USD 1.18 billion in 2018 and showed a grad

Analyze the market segmentation of the Consumer Internet of Things (IoT) industry. Gain insights into market share distribution with a detailed breakdown of key segments and their growth.

In 2022, China was the largest regional market for consumer IoT market in Asia-Pacific amounting to around 5.9 billion U.S. dollars. Between 2023 and 2030, the Chinese market was forecast to grow by a compound annual growth rate of 15.7 percent, reaching a projected 18.5 billion U.S. dollars in 2030.

More information on the global consumer IoT market can be found here.

The global Internet of Things (IoT) market size was valued at USD 1.39 billion in 2025 and is projected to grow at a CAGR of 11.4% from 2025 to 2033. The growth of the IoT market can be attributed to the increasing adoption of IoT-enabled devices and technologies across various industries, such as consumer electronics, healthcare, automotive, and manufacturing. Key drivers of the IoT market include the growing demand for connected devices, the proliferation of cloud computing, and the increasing adoption of artificial intelligence (AI) and machine learning (ML). These factors are driving the development of new IoT applications and services, which is in turn fueling the growth of the IoT market. Additionally, the increasing government support for IoT initiatives is also contributing to the growth of the market. The major market players include Amazon.com, Inc, Microsoft, Qualcomm Technologies, Inc, Intel Corporation, and PTC. North America is the largest market for IoT, followed by Europe and Asia-Pacific. The Internet of Things (IoT) market is experiencing rapid growth due to the proliferation of connected devices and the increasing adoption of IoT technologies across various industries. This market is characterized by a high level of innovation and intense competition among leading players. Recent developments include: In June 2024, Cisco Systems, Inc. launched an Intelligent Industrial IoT Network as a foundation for Artificial Intelligence (AI) and Machine Learning (ML) applications. This network enhances various aspects of industrial operations, such as uptime, yield, security, and revenue generation. , In January 2023, PTC completed the acquisition of ServiceMax, a provider of service management solutions. The acquisition enhances PTC’s IoT offerings by combining field service management with advanced IoT analytics and AR for improved service operations and customer support. .

The size and share of the market is categorized based on Application (Smart Manufacturing, Connected Logistics, Smart Home and Consumer Electronics, Connected Healthcare, Smart Transportation, Smart Retail, Other) and Product (LTE-M, NB-IoT) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The global market for Internet of things (IoT) end-user solutions is expected to grow to 212 billion U.S. dollars in size by the end of 2019. The technology reached 100 billion dollars in market revenue for the first time in 2017, and forecasts suggest that this figure will grow to around 1.6 trillion by 2025. The Internet of Things
The Internet of Things (IoT) is a term used to describe the continually growing network of internet connected electronic devices that are in operation around the world today. These devices often share data and information in order to provide added convenience and control to consumers and, in some cases, even allow users automate simple processes such as ordering supplies. Tens of billions of these IoT connected devices already exist around the world and this number will only grow as internet connectivity begins to become a standard feature for a great number of electronics devices. Although heavily integrated into the consumer electronics market, IoT extends far beyond handheld devices and home appliances; IoT subsystems such as industrial internet and connected cities aim at automating factories and urban areas rather than just households. Digital virtual assistants such as Amazon’s Alexa and Google Assistant serve as the bridge between this network of interconnected devices and their human users.

In 2022, Germany was the largest regional market for consumer IoT market in Europe amounting to around 5.7 billion U.S. dollars. Between 2023 and 2030, the German market was forecast to grow by a compound annual growth rate of 11.7 percent, reaching a projected 13.8 billion U.S. dollars in 2030.

More information on the global consumer IoT market can be found here.

According to Cognitive Market Research, the global AI in IoT market will be USD 5.5 billion in 2024 and expand at a compound annual growth rate (CAGR) of 23.5% from 2024 to 2031. Market Dynamics of AI in IoT Market

Key Drivers for AI in IoT Market

Increasing Big Data Volume - The expansion of big data, as well as the rapidly increasing volume and complexity of data, is being driven by increased mobile traffic, cloud computing traffic, and the development and use of technologies such as IoT and AI. Big data analytics is an effective means of distributing data and generating insightful and practical knowledge from huge amounts of information. Organizations can benefit from significant predictive analytics in a variety of areas, including operations, marketing, risk assessment, and raid detection. For example, in a 2020 research, about 90% of business professionals and enterprise analytics stated that data and analytics are crucial to their organization's digital transformation efforts. Data and analytics are rapidly becoming critical components for businesses. Need for Effective Data Management

Key Restraints for AI in IoT Market

Growing Importance of Cybersecurity Concerns High Costs Introduction of AI in IoT Market

Artificial intelligence (AI) in the Internet of Things (IoT) refers to the application of AI technology to analyze enormous volumes of data generated by IoT devices, such as machine learning and deep learning. It comprises using AI algorithms to IoT data in order to extract valuable information, discover trends, and make predictions or judgments. Furthermore, automation is another facet of AI in IoT, in which AI-powered solutions streamline procedures, optimize business processes, and enable autonomous decisions across the IoT landscape. Furthermore, the combination of artificial intelligence with IoT has the potential to generate numerous benefits for both enterprises and consumers. AI in IoT solutions has the potential to increase corporate efficiency and productivity while also reducing expenses. Additionally, it can give increased convenience and a better user experience for consumers; such AI in IoT market trends are expected to create multiple potential opportunities during the forecast period. Furthermore, combining AI with IoT can improve data management and analytics while also providing businesses with a better understanding of their products. Such increased variables are projected to create attractive prospects for artificial intelligence in IoT market growth throughout the predicted years. Factors such as increased digitalization, a greater demand for intelligent business systems, and increased use of innovative technologies all had a beneficial impact on market growth.

[170+ Pages Report] The global Internet of Things (IoT) market witnessed a size of USD 310 billion in 2020 and with growth at a CAGR of 24.5% is projected to achieve a value of USD 1,842 billion by 2028.

Recent developments include: April 2024: Infineon has launched their new PSOC Edge, aimed at enhancing Al capabilities in lot, consumer, and industrial technologies. This development is expected to significantly accelerate the company’s growth by positioning infineon on the forefront of Al-driven innovation., March 2024: at a Connectivity Standards Alliance (CSA) Member event in Singapore SEALSQ Corp announced the latest advancements in loT certification. These developments have an all-in-one solution for consumer loT device makers aiming to achieve the new Product Security Verified Mark., February 2024: in order to help accelerate its growth Ceva introduced its next-generation low-power ultra-wideband IP for FiRa 2.0 that offers highly accurate and reliable wireless ranging capabilities. This innovative solution addresses the increasing demand for precise and dependable connectivity in both consumer and industrial lot applications. By improving wireless communication performance and efficiency, Ceva positions itself as a key player in the loT market with a view of attracting a broader customer base through such new customers. It will drive revenue growth by implementing advanced IoT technologies., By 2024 Ericsson says that there will be 5G incorporated into 40% of total population with 1.5 bn subscription services hence making it the largest generation globally. This is driven by novel, inventive solutions reprocessing present infrastructure and a spectrum. Meanwhile in parallel with the deployment of 5G, Cellular IoT reaches major milestones towards becoming a definitive way of enabling broad IoT applications., March 2023: The Non-Terrestrial Network (NTN) service operator Skylo Technologies, and Monogoto, the Cloud-based cellular network provider signed an agreement to provide an affordable and accessible solution for NB-IoT Satellite connectivity for asset tracking products. Employing the same hardware for both terrestrial and satellite communication will help expand connectivity in areas that were previously inaccessible., February 2023: a team of Singapore entrepreneurs visited India’s Smart City Command Control Center as they plan to invest in Smart City projects, particularly in UP state, including an Integrated Traffic Management System, Solid Waste Management System, Health ATMs, etc., February 2023: Canadian-based IoT company Eleven-x will enable North America municipal parking with smart parking system that monitors parking spots and provides real-time data on availability thereby reducing congestion within this area optimize parking enforcement system thus improving urban mobility., February 2023: Westbase.io. And Taoglas, the IoT distributor, partnered in order to offer innovative 4G/5G and IoT solutions to its customers in the European region. This will provide customers with reliable and high-performance solutions throughout construction, emergency services, logistics, connected health, smart cities, and other demanding applications., December 2022: Alliot Technologies partnered with Vodafone UK to offer NB-IoT connectivity across the entire country; Vodafone’s Network will transform Alliot’s offering from scale, innovation, efficiency. Through this partnership, alliot will invest in cutting-edge technology so as to ensure great experience for its clients., December 2022: Vodafone UK and Alliot Technologies partnered to offer NB-IoT connectivity throughout the UK. The network of Vodafone will boost offerings of Alliot with scale, efficiency, and innovation. With this partnership, the investment will be made by Alliot in the latest technology to ensure an excellent experience for its clients, establishing them as the only NB-IoT connectivity provider in the UK., October 2022: ABB, the technology company released SmartTouch 10 for smart home automation, which can help indoor communication, replacing additional indoor video stations The device manages entire building installation from IP cameras up to lighting, shading scene & temperature control., August 2022: GrubMarket acquired IOT Pay which is North America's largest IOT Pay platform The acquisition helps GrubMarket to use IOT Pay's technology and payments infrastructure to streamline the food supply chain industry. Furthermore, IOT Pay aims to unveil a digital banking solution for SMBs.. Notable trends are: The growing utilization of IoT in smart devices is driving market growth..