The North America Next-Generation IoT Sensors Market is expected to witness market growth of 49.1% CAGR during the forecast period (2024-2031).
The US market dominated the North America Next-Generation IoT Sensors Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $15.52 billion by 2031. The Canada market is experiencing a CAGR of 52.1% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 51% during 2024-2031.
Next-generation IoT sensors refer to advanced, highly sophisticated sensors designed to address the evolving needs of the Internet of Things (IoT) ecosystem. These sensors have moved beyond the limitations of traditional sensors by offering enhanced capabilities in terms of sensitivity, accuracy, miniaturization, energy efficiency, and connectivity.
Additionally, these features are essential for growing IoT applications across smart cities, industrial automation, healthcare, automotive, and agriculture industries. IoT, often described as the network of interconnected devices communicating with one another and humans via the internet, has become a cornerstone of modern digital transformation.
The next-generation IoT sensors market in North America is experiencing robust growth, primarily driven by the region's advanced technological infrastructure and widespread adoption of IoT solutions. As urbanization accelerates, U.S. cities are increasingly dependent on IoT technologies to improve public safety and manage resources efficiently. IoT sensors support these efforts, allowing real-time traffic, air quality, energy consumption, and public infrastructure monitoring. The U.S. government has actively proponent of smart city initiatives, channeling substantial funding toward deploying IoT technologies.
Based on Power Source, the market is segmented into Battery-Powered Sensors, Energy-Harvesting Sensors, and Plugged-In Sensors. Based on Connectivity, the market is segmented into Wi-Fi, Bluetooth, ZigBee, LPWAN, and 5G & Other. Based on Sensor Type, the market is segmented into Temperature Sensors, Pressure Sensors, Motion Sensors, Proximity Sensors, Image Sensors, and Other Sensor Type. Based on Deployment Type, the market is segmented into Cloud-Based and On-Premises.
The US market dominated the North America Next-Generation IoT Sensors Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $15.52 billion by 2031. The Canada market is experiencing a CAGR of 52.1% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 51% during 2024-2031.
Next-generation IoT sensors refer to advanced, highly sophisticated sensors designed to address the evolving needs of the Internet of Things (IoT) ecosystem. These sensors have moved beyond the limitations of traditional sensors by offering enhanced capabilities in terms of sensitivity, accuracy, miniaturization, energy efficiency, and connectivity.
Additionally, these features are essential for growing IoT applications across smart cities, industrial automation, healthcare, automotive, and agriculture industries. IoT, often described as the network of interconnected devices communicating with one another and humans via the internet, has become a cornerstone of modern digital transformation.
The next-generation IoT sensors market in North America is experiencing robust growth, primarily driven by the region's advanced technological infrastructure and widespread adoption of IoT solutions. As urbanization accelerates, U.S. cities are increasingly dependent on IoT technologies to improve public safety and manage resources efficiently. IoT sensors support these efforts, allowing real-time traffic, air quality, energy consumption, and public infrastructure monitoring. The U.S. government has actively proponent of smart city initiatives, channeling substantial funding toward deploying IoT technologies.
Based on Power Source, the market is segmented into Battery-Powered Sensors, Energy-Harvesting Sensors, and Plugged-In Sensors. Based on Connectivity, the market is segmented into Wi-Fi, Bluetooth, ZigBee, LPWAN, and 5G & Other. Based on Sensor Type, the market is segmented into Temperature Sensors, Pressure Sensors, Motion Sensors, Proximity Sensors, Image Sensors, and Other Sensor Type. Based on Deployment Type, the market is segmented into Cloud-Based and On-Premises.
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
- Analog Devices, Inc.
- Texas Instruments, Inc.
- TE Connectivity Ltd.
Market Report Segmentation
By Power Source
- Battery-Powered Sensors
- Energy-Harvesting Sensors
- Plugged-In Sensors
By Connectivity
- Wi-Fi
- Bluetooth
- ZigBee
- LPWAN
- 5G & Other
By Sensor Type
- Temperature Sensors
- Pressure Sensors
- Motion Sensors
- Proximity Sensors
- Image Sensors
- Other Sensor Type
By Deployment Type
- Cloud-Based
- On-Premises
By Technology
- MEMS (Micro-Electro-Mechanical Systems)
- CMOS (Complementary Metal-Oxide-Semiconductor)
- NEMS (Nano-Electro-Mechanical Systems)
- RFID (Radio Frequency Identification)
- Other Technology
By End-Use
- Healthcare
- Automotive
- Manufacturing & Industrial
- Energy & Utilities
- Consumer Electronics
- Transportation & Logistics
- Retail & Other
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 Next-Generation IoT Sensors Market by Power Source
Chapter 6. North America Next-Generation IoT Sensors Market by Connectivity
Chapter 7. North America Next-Generation IoT Sensors Market by Sensor Type
Chapter 8. North America Next-Generation IoT Sensors Market by Deployment Type
Chapter 9. North America Next-Generation IoT Sensors Market by Technology
Chapter 10. North America Next-Generation IoT Sensors Market by End-Use
Chapter 11. North America Next-Generation IoT Sensors Market by Country
Chapter 12. Company Profiles
Companies Mentioned
- STMicroelectronics N.V.
- NXP Semiconductors N.V.
- Honeywell International, Inc.
- Siemens AG
- Robert Bosch GmbH
- Infineon Technologies AG
- ABB Group
- Analog Devices, Inc.
- Texas Instruments, Inc.
- TE Connectivity Ltd.
Methodology
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