Global Wireless IoT Sensors Market growing at a CAGR of 27.30% from 2023 to 2031

Category : Semiconductor And Electronics | Published Date : Sep 2023

Key Market Overview

The wireless IoT Sensors market is poised for strong expansion and is expected to reach USD 70.36 Billion by 2031. The market was sized at USD 8.23 Billion in 2022 with projected revenue growth of USD 10.20 Billion in 2023 and is projected to grow at a compound annual growth rate of 27.30% during the period 2023-2031.

The report highlights the growing adoption of wireless IoT sensors owing to the rising demand from the agricultural sector for crop monitoring, yield prediction, and also to improve the fertilizer efficiency. Consegic Business Intelligence provides an inclusive research report on the wireless IoT sensors market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.

Global Wireless IoT Sensors Market By Overview

Global Wireless IoT Sensors Market

Consegic Business Intelligence provided an inclusive research report on the wireless IoT sensors market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends. Pressure sensors are predicted to witness the fastest CAGR in the wireless IoT sensors market during the forecast period. The growth is attributed to the increasing adoption of pressure sensors in various automotive applications, including tire pressure monitoring systems (TPMS), engine management, and airbag deployment systems. In addition, pressure sensors are also deployed in devices namely smartphones and wearables for features including altitude measurement, GPS enhancement, and weather forecasting. Moreover, pressure sensors are also vital for aircraft systems, including cabin pressure control, engine monitoring, and flight control systems. Furthermore, pressure sensors are deployed in environmental monitoring equipment to measure atmospheric pressure changes that provide insights into weather patterns and climate changes. Consequently, the aforementioned factors are contributing significantly in fueling the growth of wireless IoT pressure sensors segment.

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Market Dynamics



  • Rollout of 5G networks is contributing significantly in driving the growth of the wireless IoT sensor market.
  • Rising demand for wireless IoT sensors from smart agriculture is bolstering the market growth.
  • The ability of wireless IoT sensors to operate at a vast range of temperatures is propelling the market growth.



  • Limited operational range of wireless IoT sensors is restraining the growth of the market.

Market Segmentation:

Report Attributes Report Details
By Component Hardware, Software, and Service
By Type Pressure Sensors, Accelerometers, Magnetic Sensors, Humidity Sensors, Vibration Sensors, Temperature Sensors, Distance Sensors, Optical Sensors, Environmental Sensors, Ultrasonic Sensors, Motion Sensors, and Others
By Technology Zigbee, Wi-Fi, Bluetooth, Secure Ultra-Wideband (UWB), Near Field Communication (NFC), Thread, Z-Wave, Radio-Frequency Identification (RFID), Low Power WAN (LPWAN), and Others
By End-User Industrial, Residential, and Commercial
By Region North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Competitive Landscape :

The landscape for Wireless IoT Sensors market is highly competitive with major players including NXP Semiconductors, TE Connectivity, TDK Corporation, and Texas Instruments Incorporated that have a strong market position in current market circumstances. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments in the wireless IoT sensors market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.

  • NXP Semiconductors
  • TE Connectivity
  • TDK Corporation
  • Texas Instruments Incorporated
  • OMRON Corporation
  • Analog Devices, Inc.
  • Murata Manufacturing Co., Ltd.
  • Fujitsu Limited