The Asia Pacific Next-Generation IoT Sensors Market is expected to witness market growth of 51.2% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific 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 $5.92 billion by 2031. The Japan market is registering a CAGR of 50.3% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 52.2% during 2024-2031.
predictive maintenance powered by IoT sensors transforms how factories operate. For example, companies like General Electric use sensors to monitor industrial equipment and machinery in real-time, analyzing data to predict when a part will fail. By catching issues early, manufacturers can avoid the costs associated with unscheduled downtime, which can halt production and lead to significant revenue losses.
Moreover, wind farms use IoT sensors in the energy sector to monitor turbine performance and detect early mechanical wear or failure signs. This real-time data helps prevent costly shutdowns and ensures a continuous energy supply. Similarly, logistics companies like UPS employ predictive maintenance through delivery vehicle sensors.
The demand for next-generation IoT sensors is expanding significantly across multiple sectors as nations in the Asia Pacific region continue to adopt smart technologies and digital solutions. According to the Asian Development Bank (ADB), the region's investment in digital infrastructure is expected to surge, underlining the increasing role of IoT in driving economic growth.
Key sectors propelling this expansion include food and beverage, aerospace and defense, smart cities, and wireless communication technologies, all of which are becoming more reliant on IoT sensor solutions for enhanced efficiency and innovation. This trend is further supported by large-scale regional digital initiatives, which aim to enhance connectivity and technological advancement.
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 China market dominated the Asia Pacific 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 $5.92 billion by 2031. The Japan market is registering a CAGR of 50.3% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 52.2% during 2024-2031.
predictive maintenance powered by IoT sensors transforms how factories operate. For example, companies like General Electric use sensors to monitor industrial equipment and machinery in real-time, analyzing data to predict when a part will fail. By catching issues early, manufacturers can avoid the costs associated with unscheduled downtime, which can halt production and lead to significant revenue losses.
Moreover, wind farms use IoT sensors in the energy sector to monitor turbine performance and detect early mechanical wear or failure signs. This real-time data helps prevent costly shutdowns and ensures a continuous energy supply. Similarly, logistics companies like UPS employ predictive maintenance through delivery vehicle sensors.
The demand for next-generation IoT sensors is expanding significantly across multiple sectors as nations in the Asia Pacific region continue to adopt smart technologies and digital solutions. According to the Asian Development Bank (ADB), the region's investment in digital infrastructure is expected to surge, underlining the increasing role of IoT in driving economic growth.
Key sectors propelling this expansion include food and beverage, aerospace and defense, smart cities, and wireless communication technologies, all of which are becoming more reliant on IoT sensor solutions for enhanced efficiency and innovation. This trend is further supported by large-scale regional digital initiatives, which aim to enhance connectivity and technological advancement.
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
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
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. Asia Pacific Next-Generation IoT Sensors Market by Power Source
Chapter 6. Asia Pacific Next-Generation IoT Sensors Market by Connectivity
Chapter 7. Asia Pacific Next-Generation IoT Sensors Market by Sensor Type
Chapter 8. Asia Pacific Next-Generation IoT Sensors Market by Deployment Type
Chapter 9. Asia Pacific Next-Generation IoT Sensors Market by Technology
Chapter 10. Asia Pacific Next-Generation IoT Sensors Market by End-Use
Chapter 11. Asia Pacific 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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