Sensor Development Kit Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing Demand for Integration of IIoT in Industries
- Growing Adoption of Building Automation Features in Industries
Challenges
- Dearth of Skilled Professionals in Lower Economic Regions
Sensor Development Kit Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
9.8% |
|
Base Year Market Size (2024) |
USD 4.29 billion |
|
Forecast Year Market Size (2037) |
USD 14.46 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
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.
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.
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.
