The Latin America, Middle East and Africa Next-Generation IoT Sensors Market is expected to witness market growth of 53.7% CAGR during the forecast period (2024-2031).
The MEMS (Micro-Electro-Mechanical Systems) market dominated the LAMEA Next-Generation IoT Sensors Market by Technology in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $1.39 billion by 2031. CMOS (Complementary Metal-Oxide-Semiconductor) market is showcasing a CAGR of 53.3% during 2024-2031. Additionally, the NEMS (Nano-Electro-Mechanical Systems) market would register a CAGR of 55.2% during 2024-2031.
The rising demand for predictive maintenance across industries is a significant driver of the next-generation IoT sensors market. Real-time data collected by IoT sensors is used in predictive maintenance to monitor the health and performance of machinery, thereby reducing unexpected failures and minimizing downtime. In sectors like manufacturing, energy, and logistics, where operational efficiency is critical, IoT sensors that monitor parameters such as vibrations, temperature, and pressure are becoming indispensable.
Additionally, these sensors can detect anomalies or irregularities in equipment long before they lead to significant failures, allowing companies to perform maintenance only when necessary, rather than following a fixed schedule. This proactive approach increases the longevity of equipment and reduces the expenses associated with operational disruptions and unnecessary repairs.
Rapid urbanization, industrialization, and a burgeoning digital transformation across a variety of sectors are driving a substantial increase in demand for IoT sensors in the LAMEA region. The adoption of IoT technologies is being accelerated by the increasing emphasis of countries in this region on the modernization of their economies and the improvement of the efficacy of key industries. Brazil, for example, stands out as one of the largest industries for consumer electronics in Latin America, with a growing middle class driving the uptake of smart devices.
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 MEMS (Micro-Electro-Mechanical Systems) market dominated the LAMEA Next-Generation IoT Sensors Market by Technology in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $1.39 billion by 2031. CMOS (Complementary Metal-Oxide-Semiconductor) market is showcasing a CAGR of 53.3% during 2024-2031. Additionally, the NEMS (Nano-Electro-Mechanical Systems) market would register a CAGR of 55.2% during 2024-2031.
The rising demand for predictive maintenance across industries is a significant driver of the next-generation IoT sensors market. Real-time data collected by IoT sensors is used in predictive maintenance to monitor the health and performance of machinery, thereby reducing unexpected failures and minimizing downtime. In sectors like manufacturing, energy, and logistics, where operational efficiency is critical, IoT sensors that monitor parameters such as vibrations, temperature, and pressure are becoming indispensable.
Additionally, these sensors can detect anomalies or irregularities in equipment long before they lead to significant failures, allowing companies to perform maintenance only when necessary, rather than following a fixed schedule. This proactive approach increases the longevity of equipment and reduces the expenses associated with operational disruptions and unnecessary repairs.
Rapid urbanization, industrialization, and a burgeoning digital transformation across a variety of sectors are driving a substantial increase in demand for IoT sensors in the LAMEA region. The adoption of IoT technologies is being accelerated by the increasing emphasis of countries in this region on the modernization of their economies and the improvement of the efficacy of key industries. Brazil, for example, stands out as one of the largest industries for consumer electronics in Latin America, with a growing middle class driving the uptake of smart devices.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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. LAMEA Next-Generation IoT Sensors Market by Power Source
Chapter 6. LAMEA Next-Generation IoT Sensors Market by Connectivity
Chapter 7. LAMEA Next-Generation IoT Sensors Market by Sensor Type
Chapter 8. LAMEA Next-Generation IoT Sensors Market by Deployment Type
Chapter 9. LAMEA Next-Generation IoT Sensors Market by Technology
Chapter 10. LAMEA Next-Generation IoT Sensors Market by End-Use
Chapter 11. LAMEA 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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