IoT Sensors Market

The IoT sensors market consists of devices that collect real-time data from machinery, infrastructure, and the environment. Key customers include industrial manufacturers adopting Industry 4.0, commercial enterprises, consumers, and governments developing smart city infrastructure. The market's significant growth is driven by the push for smart manufacturing, widespread investment in smart cities, rising demand in healthcare for remote monitoring, and the emergence of enabling technologies like edge computing.

CAGR

25.7%

Compound Annual Growth Rate

Current Value

$15.8B

Estimated 2026

Projected Value

$98.2B

By 2034

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