Smart Sensors Market Outlook:
Smart Sensors Market size was valued at USD 74.1 billion in 2025 and is expected to reach USD 371.7 billion by 2035, registering around 17.5% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of smart sensors is evaluated at USD 85.77 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.