Sensor Development Kit Market Share

Report ID: 3747
Published Date: Dec 26, 2024
Report Format: PDF, PPT

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Asia Pacific industry is poised to dominate majority revenue share by 2037, on account of growing adoption of IoT devices in emerging countries of the region, namely Indonesia, Thailand, India and Singapore. In India, more than 240 million IoT connected devices were in use in 2019. The number is expected to reach over 1.5 billion by the end of the year 2021. In addition, increasing technological advancements to improve the effectiveness of sensors is also expected to drive market growth in the region in the coming years. Moreover, the market in North America is projected to grab the largest share during the forecast period ascribing to the early adoption of technology, and strong presence of prominent sensor development kit market players in the region.

Browse key industry insights with market data tables & charts from the report:

Sensor Development Kit Market Size & Share, Growth Forecasts 2037

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of sensor development kit is estimated at USD 4.65 billion.

Sensor Development Kit Market size was over USD 4.29 billion in 2024 and is anticipated to cross USD 14.46 billion by 2037, growing at more than 9.8% CAGR during the forecast period i.e., between 2025-2037.

The major players in the market are Semiconductor Components Industries, LLC, NXP Semiconductors N.V., Dialog Semiconductor PLC, Silicon Laboratories, Inc., PCTEL, Inc., and others.