IoT Sensors Market Analysis

Network Technology (Wireless, Wi-Fi, ZIGBEE, Z-WAVE, NFC, RFID, KNX, Wired, LonWorks, Ethernet, DALI, MODBUS, Bluetooth Smart, Bluetooth Smart/Ant+, Bluetooth 5, Others)

Wireless segment is projected to capture over 83.8% IoT sensors market share by 2037 due to the increasing demand for flexible and scalable connectivity solutions. Wireless allows seamless connectivity between IoT devices and the cloud. Wireless IoT sensors require comparatively less maintenance which has led to higher demands. Additionally, wireless sensors can be deployed in remote areas which makes them ideal for applications in agriculture, smart cities, healthcare, etc. For instance, smart cities like Barcelona have implemented wireless sensor networks for energy-efficient waste management systems. In September 2023, Energous and InPlay launched low-maintenance wireless sensors for IoT industrial applications.

The Wi-Fi segment is expanding significantly, driven by the widespread availability of Wi-Fi networks and the rising demand for reliable, high-speed connectivity in various sectors. WiFi mesh networks can extend coverage to large areas, enabling connection of IoT devices in challenging environments. The introduction of Wi-Fi 6 is a major boost to the growth potential as it is more secure and much faster than its predecessor. In September 2022, Nordic Semiconductor introduced a dual-band Wi-Fi6 nRF7002 companion IC designed to provide seamless Wi-Fi connectivity and location. In 2022, the World Economic Forum estimated that over 335 million homes globally will be smart homes in the next 5 years, and due to this, the demand for Wi-Fi-enabled IoT sensors is projected to rise.

Sensor Type (Touch Sensor, Magnetometer, Gyroscope, Pressure Sensor, Humidity Sensor, Image Sensor, Inertial Sensor, Temperature Sensor, Accelerometer, Flow Sensor, Others)

The touch sensor segment in IoT sensors market is poised to witness considerable growth during the forecast period owing to rising demand across consumer electronics and industrial applications. The large-scale penetration of smartphones, tablets, and wearable devices integrated with touch-based interfaces is a key driver of market growth. Touch sensors are rapidly being integrated into the automotive industry in advanced driver assistance systems (ADAS) to improve user experience.  In February 2023, Henkel launched a novel sensor INKxperience kit for IoT sensor engineering that contains four different technologies, i.e., a Leak Detection Sensor, a Non-Contact Liquid Level Sensor, a Positive Temperature Coefficient Heater, and a Multi-Zone Force Sensitive Resistor. With new innovations in touch sensors, the segment is expected to continue its growth curve.

Our in-depth analysis of the IoT sensors market includes the following segments: