The Europe Next-Generation IoT Sensors Market is expected to witness market growth of 49.7% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe 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 $4.41 billion by 2031. The UK market is exhibiting a CAGR of 48.4% during 2024-2031. Additionally, the France market would experience a CAGR of 50.8% during 2024-2031.
The next-generation IoT sensors are emerging as the key enablers of this data-driven world, offering advanced capabilities critical for various applications, from industrial automation to smart cities, healthcare, automotive, and agriculture.
Moreover, one of the key growth drivers for the next-generation IoT sensors market is the rise of connected devices and the growing reliance on IoT in industrial automation. Manufacturing, agriculture, oil and gas, logistics, and utilities increasingly turn to IoT solutions to drive operational efficiency, improve worker safety, reduce downtime, and streamline processes
The demand for next-generation IoT sensors in Europe has surged as industries across the continent focus on automation, sustainability, and precision. The European Commission has allocated over €9.2 billion under its Digital Europe Programme for digital transformation and innovation from 2021 to 2027. This funding is directed towards manufacturing, automotive, aerospace, and food processing sectors, which increasingly rely on highly accurate and dependable IoT sensors to enhance automation, improve quality control, and ensure safety. The strong emphasis on digitalization and smart technologies in these industries is accelerating the adoption of IoT sensors across Europe, contributing to regional market expansion.
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 Germany market dominated the Europe 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 $4.41 billion by 2031. The UK market is exhibiting a CAGR of 48.4% during 2024-2031. Additionally, the France market would experience a CAGR of 50.8% during 2024-2031.
The next-generation IoT sensors are emerging as the key enablers of this data-driven world, offering advanced capabilities critical for various applications, from industrial automation to smart cities, healthcare, automotive, and agriculture.
Moreover, one of the key growth drivers for the next-generation IoT sensors market is the rise of connected devices and the growing reliance on IoT in industrial automation. Manufacturing, agriculture, oil and gas, logistics, and utilities increasingly turn to IoT solutions to drive operational efficiency, improve worker safety, reduce downtime, and streamline processes
The demand for next-generation IoT sensors in Europe has surged as industries across the continent focus on automation, sustainability, and precision. The European Commission has allocated over €9.2 billion under its Digital Europe Programme for digital transformation and innovation from 2021 to 2027. This funding is directed towards manufacturing, automotive, aerospace, and food processing sectors, which increasingly rely on highly accurate and dependable IoT sensors to enhance automation, improve quality control, and ensure safety. The strong emphasis on digitalization and smart technologies in these industries is accelerating the adoption of IoT sensors across Europe, contributing to regional market expansion.
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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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. Europe Next-Generation IoT Sensors Market by Power Source
Chapter 6. Europe Next-Generation IoT Sensors Market by Connectivity
Chapter 7. Europe Next-Generation IoT Sensors Market by Sensor Type
Chapter 8. Europe Next-Generation IoT Sensors Market by Deployment Type
Chapter 9. Europe Next-Generation IoT Sensors Market by Technology
Chapter 10. Europe Next-Generation IoT Sensors Market by End-Use
Chapter 11. Europe 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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