IoT Sensors Market (By Sensor Type: Magnetometer, Gyroscope, Inertial Sensor, Image Sensor, Touch Sensor, Temperature Sensor, Pressure Sensor, Humidity Sensor, Flow Sensor, Accelerometer, Others; By Network Technology: ZIGBEE, Z-WAVE, NFC, RFID, Wired, KNX, LonWorks, Ethernet, MODBUS, DALI, Wireless, Bluetooth Smart, Wi-Fi, Bluetooth Smart, Bluetooth Smart / Ant+, Bluetooth 5, Others; By Vertical) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2024-2033
The global IoT sensors market size surpassed USD 26.14 billion in 2023 and is estimated to hit around USD 312.22 billion by 2033, growing at a CAGR of 28.15% from 2024 to 2033. The fundamental drivers of IoT adoption include falling device costs and the emergence of new applications and business models.