IoT Sensor market in North America is expected to grow from US$ 3,609.9 Mn in 2017 to US$ 21,121.7 Mn by the year 2027. This represents a CAGR of 21.6% from the year 2019 to 2027.
Growing application of IoT and connected devices is fueling the North America IoT Sensor market. The advent of IoT has enabled each device to be connected over the internet and the rising adoptions would result in more than billions of devices connected over the internet. Also, validating to the above mentioned point is the fact that the data traffic rate on a global level, has grown at an annual rate of more than 65% over the last five years. Also, between 2018 and 2023, the data traffic is anticipated to grow at a compound annual growth rate of close to 40 percent. This exponential growth in data traffic over the internet is out rightly attributed to the growing penetration of smartphones and other consumer electronic devices that can be connected over the internet as a result of the growing popularity of IoT, thereby driving the IoT Sensor market in North America.
The mounting adoption of advanced technologies is anticipated to fuel the North America IoT Sensor market growth. The industrial sector is becoming increasingly entangled with Artificial Intelligence, big data as well as other such technologies. It is predicted that in the near future, automation will not only boost productivity but will also provide an advanced smart assistance to humans. The players are significantly investing in the development of industrial robots integrated with artificial intelligence. Further, the Chinese government is expanding its efforts to integrate artificial intelligence technologies into industrial sector. The integration of artificial intelligence will further reduce the intervention of humans, which will be beneficial for countries with inadequate and expensive labor force. These initiative by the market player are enhancing the growth of North America IoT Sensor market.
US is anticipated to leads the IoT Sensor market across the North America region through the forecast period. The US is a major global leader in industrial automation and associated equipment and controls. Industrial automation is broadly categorized into hardware and components which are used to automate systems in industrial or manufacturing settings. Most of the demand for IoT Sensors comes from the automobile and electronics manufacturing industries. This scope is facilitating the Applications to adopt this technology, thereby creating a substantial market for the same at present, which is projecting a positive growth on the IoT Sensors market. It will further propel the growth of manufacturing industry in the country thereby, accelerating the growth of IoT Sensor market in the U.S. This bolster the North America IoT Sensor market on the forecast period. The figure given below highlights the revenue share of Canada in the North America IoT Sensor market in the forecast period:
Canada IoT Sensor Market Revenue and Forecasts to 2027 (US$ Bn)
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NORTH AMERICA AUTOMOTIVE SEMICONDUCTOR - MARKET SEGMENTATION
By Type
- Temperature sensor
- Light Sensor
- Pressure Sensor
- Chemical Sensor
- Motion Sensor
- Others
By Connectivity Type
- Wired
- Wireless
By Application
- Consumer Electronics
- Building Automation
- Healthcare
- Automotive
- Industrial
- Retail
- Others
By Country
- US
- Canada
- Mexico
Companies Mentioned
- Analog Devices, Inc.
- ARM Holdings PLC
- Broadcom, Inc.
- Honeywell International, Inc.
- Infineon Technologies AG
- NXP Semiconductors N.V.
- Omron Corporation
- Robert Bosch Gmbh
- STMicroelectronics N.V.
- Texas Instruments Incorporated
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
PART 1.INTRODUCTION
1.1SCOPE OF THE STUDY
1.2THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3MARKET SEGMENTATION
1.3.1North America IoT Sensors Market - By Type
1.3.2North America IoT Sensors Market - By Connectivity Type
1.3.3North America IoT Sensors Market - By Application
1.3.4North America IoT Sensors Market - By Country
PART 2.NORTH AMERICA IOT SENSOR MARKET - KEY TAKEAWAYS
PART 3.RESEARCH METHODOLOGY
3.1.1Coverage
3.1.2Secondary Research
3.1.3Primary Research
PART 4.NORTH AMERICA IOT SENSOR MARKET LANDSCAPE
4.1MARKET OVERVIEW
4.2ECOSYSTEM ANALYSIS
4.3NORTH AMERICA PEST ANALYSIS
PART 5.NORTH AMERICA IOT SENSOR MARKET - KEY INDUSTRY DYNAMICS
5.1KEY MARKET DRIVERS
5.1.1Growing Application of IoT and Connected Devices
5.2KEY MARKET RESTRAINTS
5.2.1Rising Security Concerns among Customers
5.3KEY MARKET OPPORTUNITIES
5.3.1Introduction of Connected Cars
5.4FUTURE TRENDS
5.4.1Mounting Adoption of Advanced Technologies
5.5IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
PART 6.IOT SENSOR -NORTH AMERICA MARKET ANALYSIS
6.1NORTH AMERICA IOT SENSOR MARKET OVERVIEW
6.2NORTH AMERICA IOT SENSOR MARKET FORECAST AND ANALYSIS
PART 7.NORTH AMERICA IOT SENSOR MARKET ANALYSIS - BY TYPE
7.1OVERVIEW
7.2NORTH AMERICA IOT SENSOR MARKET BREAKDOWN, BY TYPE, 2018 & 2027
7.3TEMPERATURE SENSOR
7.3.1Overview
7.3.2North America IoT Sensor Market, By Temperature Sensor Revenue and Forecasts to 2027 (US$ Mn)
7.4LIGHT SENSOR
7.4.1Overview
7.4.2North America IoT Sensor Market, By Light Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
7.5PRESSURE SENSOR
7.5.1Overview
7.5.2North America IoT Sensor Market, By Pressure Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
7.6CHEMICAL SENSOR
7.6.1Overview
7.6.2North America IoT Sensor Market, By Chemical Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
7.7MOTION SENSOR
7.7.1Overview
7.7.2North America IoT Sensor Market, By Motion Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
7.8OTHERS
7.8.1Overview
7.8.2North America IoT Sensor Market, By Others Type Market Revenue and Forecasts to 2027 (US$ Mn)
PART 8.NORTH AMERICA IOT SENSOR MARKET ANALYSIS - BY CONNECTIVITY TYPE
8.1OVERVIEW
8.2NORTH AMERICA IOT SENSOR MARKET BREAKDOWN, BY CONNECTIVITY TYPE, 2018 & 2027
8.3WIRED
8.3.1Overview
8.3.2North America IoT Sensor Market, By Wired Revenue and Forecasts to 2027 (US$ Mn)
8.4WIRELESS
8.4.1Overview
8.4.2North America IoT Sensor Market, By Wireless Market Revenue and Forecasts to 2027 (US$ Mn)
PART 9.NORTH AMERICA IOT SENSOR MARKET ANALYSIS - BY APPLICATION
9.1OVERVIEW
9.2NORTH AMERICA IOT SENSOR MARKET BREAKDOWN, BY APPLICATION, 2018 & 2027
9.3AUTOMOTIVE
9.3.1Overview
9.3.2North America IoT Sensor Market, By Automotive Market Revenue and Forecasts to 2027 (US$ Mn)
9.4BUILDING AUTOMATION
9.4.1Overview
9.4.2North America IoT Sensor Market, By Building Automation Market Revenue and Forecasts to 2027 (US$ Mn)
9.5CONSUMER ELECTRONICS
9.5.1Overview
9.5.2North America IoT Sensor Market, By Consumer Electronics Market Revenue and Forecasts to 2027 (US$ Mn)
9.6HEALTHCARE
9.6.1Overview
9.6.2North America IoT Sensor Market, By Healthcare Market Revenue and Forecasts to 2027 (US$ Mn)
9.7INDUSTRIAL
9.7.1Overview
9.7.2North America IoT Sensor Market, By Industrial Market Revenue and Forecasts to 2027 (US$ Mn)
9.8RETAIL
9.8.1Overview
9.8.2North America IoT Sensor Market, By Retail Market Revenue and Forecasts to 2027 (US$ Mn)
9.9OTHERS
9.9.1Overview
9.9.2North America IoT Sensor Market, By Others Application Market Revenue and Forecasts to 2027 (US$ Mn)
PART 10.NORTH AMERICA IOT SENSORS MARKET - COUNTRY ANALYSIS
10.1OVERVIEW
10.1.1North America IoT Sensors Market Breakdown, by Key Countries
10.1.1.1U.S. IoT Sensors Market Revenue and Forecasts to 2027 (US$ MN)
10.1.1.1.1U.S IoT Sensors Market Breakdown by Type
10.1.1.1.2U.S. IoT Sensors Market Breakdown by Connectivity Type
10.1.1.1.3U.S. IoT Sensors Market Breakdown by Application
10.1.1.2Canada IoT Sensors Market Revenue and Forecasts to 2027 (US$ MN)
10.1.1.2.1Canada IoT Sensors Market Breakdown by Type
10.1.1.2.2Canada IoT Sensors Market Breakdown by Connectivity Type
10.1.1.2.3Canada IoT Sensors Market Breakdown by Application
10.1.1.3Mexico IoT Sensors Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.1.3.1Mexico IoT Sensors Market Breakdown by Type
10.1.1.3.2Mexico IoT Sensors Market Breakdown by Connectivity Type
10.1.1.3.3Mexico IoT Sensors Market Breakdown by Application
PART 11.INDUSTRY LANDSCAPE
11.1OVERVIEW
11.2MARKET INITIATIVE
11.3MERGER AND ACQUISITION
11.4NEW DEVELOPMENT
PART 12.NORTH AMERICA IOT SENSOR MARKET - KEY COMPANY PROFILES
12.1ANALOG DEVICES, INC.
12.1.1Key Facts
12.1.2Business Description
12.1.3Products and Services
12.1.4Financial Overview
12.1.5SWOT Analysis
12.1.6Key Developments
12.2ARM HOLDINGS PLC
12.2.1Key Facts
12.2.2Business Description
12.2.3Products and Services
12.2.4Financial Overview
12.2.5SWOT Analysis
12.2.6Key Developments
12.3BROADCOM, INC.
12.3.1Key Facts
12.3.2Business Description
12.3.3Products and Services
12.3.4Financial Overview
12.3.5SWOT Analysis
12.3.6Key Developments
12.4HONEYWELL INTERNATIONAL, INC.
12.4.1Key Facts
12.4.2Business Description
12.4.3Products and Services
12.4.4Financial Overview
12.4.5SWOT Analysis
12.4.6Key Developments
12.5INFINEON TECHNOLOGIES AG
12.5.1Key Facts
12.5.2Business Description
12.5.3Products and Services
12.5.4Financial Overview
12.5.5SWOT Analysis
12.5.6Key Developments
12.6NXP SEMICONDUCTORS N.V.
12.6.1Key Facts
12.6.2Business Description
12.6.3Products and Services
12.6.4Financial Overview
12.6.5SWOT Analysis
12.6.6Key Developments
12.7OMRON CORPORATION
12.7.1Key Facts
12.7.2Business Description
12.7.3Products and Services
12.7.4Financial Overview
12.7.5SWOT Analysis
12.7.6Key Developments
12.8ROBERT BOSCH GMBH
12.8.1Key Facts
12.8.2Business Description
12.8.3Products and Services
12.8.4Financial Overview
12.8.5SWOT Analysis
12.8.6Key Developments
12.9STMICROELECTRONICS N.V.
12.9.1Key Facts
12.9.2Business Description
12.9.3Products and Services
12.9.4Financial Overview
12.9.5SWOT Analysis
12.9.6Key Developments
12.10TEXAS INSTRUMENTS INCORPORATED
12.10.1Key Facts
12.10.2Business Description
12.10.3Products and Services
12.10.4Financial Overview
12.10.5SWOT Analysis
12.10.6Key Developments
PART 13.APPENDIX
13.1ABOUT THE INSIGHT PARTNERS
13.2GLOSSARY
LIST OF TABLES
TABLE 1.NORTH AMERICA IOT SENSOR MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
TABLE 2.NORTH AMERICA IOT SENSORS MARKET REVENUE AND FORECASTS TO 2027 - BY TYPE (US$ MN)
TABLE 3.NORTH AMERICA IOT SENSORS MARKET REVENUE AND FORECASTS TO 2027 - BY CONNECTIVITY TYPE (US$ MN)
TABLE 4.NORTH AMERICA IOT SENSORS MARKET REVENUE AND FORECASTS TO 2027 - BY APPLICATION (US$ MN)
TABLE 5.NORTH AMERICA IOT SENSORS MARKET REVENUE AND FORECASTS TO 2027 - BY COUNTRY(US$ MN)
TABLE 6.U.S. IOT SENSORS MARKET REVENUE AND FORECASTS TO 2027 - BY TYPE (US$ MN)
TABLE 7.U.S. IOT SENSORS MARKET REVENUE AND FORECASTS TO 2027 - BY CONNECTIVITY TYPE (US$ MN)
TABLE 8.U.S. IOT SENSORS MARKET REVENUE AND FORECASTS TO 2027 - BY APPLICATION (US$ MN)
TABLE 9.CANADA IOT SENSORS MARKET REVENUE AND FORECASTS TO 2027 - BY TYPE (US$ MN)
TABLE 10.CANADA IOT SENSORS MARKET REVENUE AND FORECASTS TO 2027 - BY CONNECTIVITY TYPE (US$ MN)
TABLE 11.CANADA IOT SENSORS MARKET REVENUE AND FORECASTS TO 2027 - BY APPLICATION (US$ MN)
TABLE 12.MEXICO IOT SENSORS MARKET REVENUE AND FORECASTS TO 2027 - BY TYPE (US$ MN)
TABLE 13.MEXICO IOT SENSORS MARKET REVENUE AND FORECASTS TO 2027 - BY CONNECTIVITY TYPE (US$ MN)
TABLE 14.MEXICO IOT SENSORS MARKET REVENUE AND FORECASTS TO 2027 - BY APPLICATION (US$ MN)
TABLE 15.GLOSSARY OF TERMS, IOT SENSOR MARKET
LIST OF FIGURES
FIGURE 1.NORTH AMERICA IOT SENSOR MARKET SEGMENTATION
FIGURE 2.IOT SENSOR MARKET SEGMENTATION - BY REGION
FIGURE 3.NORTH AMERICA IOT SENSOR MARKET, BY COUNTRY 2018 (%)
FIGURE 4.NORTH AMERICA CONSUMER ELECTRONICS MARKET, BY REVENUE (US$ BN), 2018 TO 2027
FIGURE 5.IOT SENSOR MARKET ECOSYSTEM ANALYSIS
FIGURE 6.NORTH AMERICA - PEST ANALYSIS
FIGURE 7.NORTH AMERICA IOT SENSOR MARKET IMPACT ANALYSIS OF DRIVER AND RESTRAINTS
FIGURE 8.NORTH AMERICA IOT SENSOR MARKET FORECAST AND ANALYSIS, (US$ MN)
FIGURE 9.NORTH AMERICA IOT SENSOR MARKET BREAKDOWN BY TYPE, 2018 & 2027 (%)
FIGURE 10.NORTH AMERICA IOT SENSOR MARKET, BY TEMPERATURE SENSOR MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 11.NORTH AMERICA IOT SENSOR MARKET, BY LIGHT SENSOR MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 12.NORTH AMERICA IOT SENSOR MARKET, BY PRESSURE SENSOR MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 13.NORTH AMERICA IOT SENSOR MARKET, BY CHEMICAL SENSOR MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 14.NORTH AMERICA IOT SENSOR MARKET, BY MOTION SENSOR MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 15.NORTH AMERICA IOT SENSOR MARKET, BY OTHERS TYPE MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 16.NORTH AMERICA IOT SENSOR MARKET, BY CONNECTIVITY TYPE, 2018 & 2027 (%)
FIGURE 17.NORTH AMERICA IOT SENSOR MARKET, BY WIRED MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 18.NORTH AMERICA IOT SENSOR MARKET, BY WIRELESS MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 19.NORTH AMERICA IOT SENSOR MARKET, BY APPLICATION, 2018 & 2027 (%)
FIGURE 20.NORTH AMERICA IOT SENSOR MARKET, BY AUTOMOTIVE MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 21.NORTH AMERICA IOT SENSOR MARKET, BY BUILDING AUTOMATION MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 22.NORTH AMERICA IOT SENSOR MARKET, BY CONSUMER ELECTRONICS MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 23.NORTH AMERICA IOT SENSOR MARKET, BY HEALTHCARE MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 24.NORTH AMERICA IOT SENSOR MARKET, BY INDUSTRIAL MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 25.NORTH AMERICA IOT SENSOR MARKET, BY RETAIL MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 26.NORTH AMERICA IOT SENSOR MARKET, BY OTHERS APPLICATION MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 27.NORTH AMERICA IOT SENSORS MARKET BREAKDOWN BY KEY COUNTRIES, 2018 & 2027(%)
FIGURE 28.U.S. IOT SENSORS MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 29.CANADA IOT SENSORS MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 30.MEXICO IOT SENSORS MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
The List of Companies
1. Analog Devices, Inc.
2. ARM Holdings PLC
3. Broadcom, Inc.
4. Honeywell International, Inc.
5. Infineon Technologies AG
6. NXP Semiconductors N.V.
7. Omron Corporation
8. Robert Bosch Gmbh
9. STMicroelectronics N.V.
10. Texas Instruments Incorporated
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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