Smart Sensors Market size was valued at USD 60.37 billion in 2024 and is set to exceed USD 454.55 billion by 2037, expanding at over 16.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of smart sensors is evaluated at USD 68.48 billion.
The market is driven by surging government investment to develop smart cities with advanced technologies. Smart cities enhance city function and boost economic growth using data analytics, and smart technologies. As per the Indian Brand Equity Foundation, the smart cities mission has been allocated USD 268.43 million under the Interim Union Budget 2024-2025. Therefore, installing smart sensors in the city creates efficient product and service delivery systems for businesses and public sector.
Author Credits: Abhishek Verma
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