The North America IoT Sensors Market would witness market growth of 27.2% CAGR during the forecast period (2024-2031).
The US market dominated the North America IoT Sensors Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $46.60 billion by 2031. The Canada market is experiencing a CAGR of 29.6% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 28.8% during 2024-2031.
These sensors detect and measure various physical properties, such as temperature, humidity, pressure, light, motion, etc. These sensors are integral to the Internet of Things (IoT) ecosystem, enabling devices to collect, process, and transmit data about their environment. By converting physical phenomena into digital signals, these sensors allow machines, systems, and objects to "sense" their surroundings and interact with each other in an intelligent, automated manner.
In recent times, IoT has revolutionized how people interact, transforming everyday objects into intelligent, interconnected devices. Sensors have emerged as a critical driver of innovation in a variety of industries, including manufacturing, healthcare, agriculture, and smart communities, as the foundation of IoT technology. As a result of the growing use of Internet of Things solutions across a variety of industries, the market has undergone spectacular growth in recent years. The demand for more connected and intelligent devices has surged, pushing the boundaries of what these sensors can achieve. These sensors are embedded in everything from consumer electronics and industrial machinery to vehicles and medical devices, enabling a new era of data-driven decision-making and automation.
In Mexico, the automotive sector is a key driver of the increasing demand for these sensors. Mexico has witnessed an increasing integration of IoT technologies into its automotive production processes, as it is one of the world's greatest automotive manufacturing hubs. These sensors are used extensively to monitor vehicle assembly lines, ensure quality control, and optimize supply chain management. According to the International Trade Administration (ITA), Mexico is the world’s seventh-largest passenger vehicle manufacturer, producing 3.5 million vehicles annually. The production of EVs and hybrids totaled 51,065 units in 2022, representing a growth of 8.5 percent compared to 2021. It is anticipated that the automotive industry in Mexico will continue to increase the adoption of IoT sensors as manufacturers strive to enhance efficiency and reduce costs by implementing automation and real-time data analysis. Hence, the region will present lucrative growth opportunities for the market throughout the forecast period.
The US market dominated the North America IoT Sensors Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $46.60 billion by 2031. The Canada market is experiencing a CAGR of 29.6% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 28.8% during 2024-2031.
These sensors detect and measure various physical properties, such as temperature, humidity, pressure, light, motion, etc. These sensors are integral to the Internet of Things (IoT) ecosystem, enabling devices to collect, process, and transmit data about their environment. By converting physical phenomena into digital signals, these sensors allow machines, systems, and objects to "sense" their surroundings and interact with each other in an intelligent, automated manner.
In recent times, IoT has revolutionized how people interact, transforming everyday objects into intelligent, interconnected devices. Sensors have emerged as a critical driver of innovation in a variety of industries, including manufacturing, healthcare, agriculture, and smart communities, as the foundation of IoT technology. As a result of the growing use of Internet of Things solutions across a variety of industries, the market has undergone spectacular growth in recent years. The demand for more connected and intelligent devices has surged, pushing the boundaries of what these sensors can achieve. These sensors are embedded in everything from consumer electronics and industrial machinery to vehicles and medical devices, enabling a new era of data-driven decision-making and automation.
In Mexico, the automotive sector is a key driver of the increasing demand for these sensors. Mexico has witnessed an increasing integration of IoT technologies into its automotive production processes, as it is one of the world's greatest automotive manufacturing hubs. These sensors are used extensively to monitor vehicle assembly lines, ensure quality control, and optimize supply chain management. According to the International Trade Administration (ITA), Mexico is the world’s seventh-largest passenger vehicle manufacturer, producing 3.5 million vehicles annually. The production of EVs and hybrids totaled 51,065 units in 2022, representing a growth of 8.5 percent compared to 2021. It is anticipated that the automotive industry in Mexico will continue to increase the adoption of IoT sensors as manufacturers strive to enhance efficiency and reduce costs by implementing automation and real-time data analysis. Hence, the region will present lucrative growth opportunities for the market throughout the forecast period.
List of Key Companies Profiled
- STMicroelectronics N.V.
- NXP Semiconductors N.V.
- Honeywell International, Inc.
- Siemens AG
- Robert Bosch GmbH
- Infineon Technologies AG
- ABB Group
- General Electric Company
- Texas Instruments, Inc.
- Sensirion AG
Market Report Segmentation
By Network Technology
- Wireless
- Bluetooth
- Bluetooth Smart
- Bluetooth Smart/Ant+
- Bluetooth 5
- Wi-Fi
- Zigbee
- Z-Wave
- NFC
- RFID
- Others
- Wired
By End Use
- Consumer Electronics
- Automotive
- Industrial
- Healthcare
- Food & Beverage
- Aerospace & Defense
- Others
By Type
- Pressure Sensor
- Temperature Sensor
- Proximity Sensor
- Image Sensor
- Optical Sensor
- Gyroscope Sensor
- Humidity Sensor
- Accelerometer Sensor
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America IoT Sensors Market by Network Technology
Chapter 6. North America IoT Sensors Market by End Use
Chapter 7. North America IoT Sensors Market by Type
Chapter 8. North America IoT Sensors Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- STMicroelectronics N.V.
- NXP Semiconductors N.V.
- Honeywell International, Inc.
- Siemens AG
- Robert Bosch GmbH
- Infineon Technologies AG
- ABB Group
- General Electric Company
- Texas Instruments, Inc.
- Sensirion AG
Methodology
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