TOP 10 COMPANIES IN IOT SENSORS MARKET

In terms of value, the IoT Sensors Market is expected to reach USD 71,632.3 million by 2031 from an estimated USD 15,983.6 million in 2024, at a CAGR of 23.9% during the forecast period. In terms of volume, the global IoT sensors market is expected to reach 5,93,79,81,126 units by 2031 from an estimated 1,22,92,42,807 units in 2024, at a CAGR of 25.2% during the forecast period. The growth of the IoT sensors market is driven by increasing investments in Industry 4.0 technologies, government initiatives supporting the adoption of IoT devices, and the increasing integration of IoT sensors into connected and wearable devices. However, data security and privacy concerns restrain the growth of this market.

Furthermore, the growing use of IoT sensors for predictive maintenance and the proliferation of smart cities are expected to generate opportunities for market growth. However, the high initial investment required for IoT ecosystem implementation is a major challenge for the players operating in this market.

Here are the top 10 companies operating in the IoT Sensors Market

Texas Instruments Incorporated

Founded in 1930 and headquartered in Texas, U.S., Texas Instruments Incorporated is a technology company that designs and manufactures semiconductors and various integrated circuits. The company offers a broad product portfolio of around 80,000 products that are integral to almost every type of electronic equipment. The company operates in the market through three business segments: Analog, Embedded Processing, and Other.

The Analog segment includes two product lines, namely, power and signal chain. The Embedded Processing segment includes microcontrollers, digital signal processors (DSPs), and applications processors. The other segment includes DLP products, calculators, and custom semiconductors such as application-specific integrated circuits (ASICs). Texas Instruments offers its products across various sectors, such as industrial, automotive, personal electronics, communication equipment, and enterprise systems.

Texas Instruments has a strong geographic presence across the United States, China, Asia, Europe, the Middle East and Africa, Japan, and the rest of the world through its subsidiaries and strong distribution network. Some of its subsidiaries are Texas Instruments Japan Ltd (Japan), Texas Instruments Deutschland GmbH (Germany), Texas Instruments Canada Ltd (Canada), and Texas Instruments China Inc (China).

Bosch Sensortec GmbH

Founded in 2005 and headquartered in Kusterdingen, Germany, Bosch Sensortec GmbH is a technology company that provides consumer electronics products. The company offers sensing solutions based on microelectromechanical systems (MEMS) sensors and solutions tailored for smartphones, tablets, wearables, AR/VR, smart homes, drones, IoT, and industrial applications. The product portfolio includes motion sensors, environmental sensors, smart sensors, display solutions, and software. Bosch Sensortec has a strong geographic presence across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

STMicroelectronics N.V

Founded in 1987 and headquartered in Geneva, Switzerland, STMicroelectronics N.V. is a high-tech company that designs and manufactures semiconductor technologies. STMicroelectronics operates in the market through three business segments: ADG, AMS, and MDG. The Automotive and Discrete Group (ADG) segment offers automotive integrated circuits (ICs) and discrete and power transistor products.

The Analog, MEMS, and Sensors Group (AMS) segment offers analog, smart power, MEMS sensors & actuators, and optical sensing solutions. The MEMS products are used for various application fields, including mobile, gaming, computer, automotive, industrial, healthcare, and IoT.

The Microcontrollers and Digital ICs Group (MDG) segment offers microcontrollers & microprocessors, connected security products, memories, and RF & communications products. The company offers its products across various sectors, including automotive, industrial, personal electronics, and communications.

STMicroelectronics N.V. has a strong geographic presence across the Americas, Asia-Pacific, Europe, and Middle East, and Africa through its subsidiaries and strong distribution network. Some of its subsidiaries are STMicroelectronics KK (Japan), Shenzhen STS Microelectronics Co. Ltd (China), STMicroelectronics GmbH (Germany), STMicroelectronics Limited (U.K.), and STMicroelectronics Inc. (U.S.).

Honeywell International Inc.

Founded in 1906 and headquartered in North Carolina, U.S., Honeywell International Inc. is a technology and manufacturing company that focuses on improving the efficiency of products and processes. The company mainly works for healthcare, aerospace, building & cities, chemicals & materials, industrial & manufacturing, retail, safety, and supply chain industries. Honeywell operates in the market through four business segments: Aerospace, Honeywell Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions.

The Aerospace segment provides products, software, and services for aircraft to original equipment manufacturers (OEMs) and other customers, including air transport, regional, business & general aviation aircraft, airlines, aircraft operators, and defense and space contractors. Honeywell Building Technologies products and services include advanced software applications for building control & optimization, sensors, switches, control systems, and instruments.

The Performance Materials and Technologies segment develops and manufactures high-quality performance chemicals and materials, process technologies, and automation solutions. Safety and Productivity Solutions segment offer sensing and safety technologies products, including personal protection equipment (PPE), apparel, gear, and footwear, gas detection technology, custom-engineered sensors, switches, and controls for sensing and productivity solutions to improve productivity, workplace safety, and asset performance.

Honeywell International Inc. has a strong geographic presence across the U.S., Europe, and Other Countries through its subsidiaries and strong distribution network. Some of its subsidiaries are EMS Technologies Canada, Ltd. (Canada), Honeywell Sensing and Control (China) Co., Ltd. (China), Xi’an System Sensor Electronics Ltd. (China), and Honeywell Safety Products Europe SAS (France).

Murata Manufacturing Co., Ltd.

Founded in 1944 and headquartered in Kyoto, Japan. Murata Manufacturing Co., Ltd. is a manufacturer of electronic components.      The company develops, manufactures, and sells electric components and modules-related products. The company mainly offers its products to electronic companies for use as components in telecommunication, computer, audio, video, automotive electronics, and other electronic products. The company operates in the market through two business segments: Components and Modules. The Components segment includes capacitors, piezoelectric components, and other components. The Modules segment includes communication modules and power supplies.

Murata Manufacturing Co., Ltd. has a strong geographic presence across Japan, America, Europe, Great China, Asia-Pacific, and Other Countries through its subsidiaries and strong distribution network. Some of its subsidiaries are Murata Electronics (Thailand), Ltd. (Thailand), Murata Electronics Singapore (Pte.) Ltd. (Singapore), and Wuxi Murata Electronics Co., Ltd. (China).

Meticulous Research in its latest publication on IoT Sensors Market has predicted the growth of 23.9% during the forecast year 2024-2031.

TE Connectivity Ltd.

Founded in 1941 and headquartered in Schaffhausen, Switzerland, TE Connectivity Ltd. is a global industrial technology manufacturing company that designs and manufactures connectors and sensors. The company offers a broad range of connectivity and sensor solutions for various sectors, including transportation, industrial, medical, energy, data communications, and home. TE operates in the market through three business segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.

The Transportation Solutions segment offers connectivity and sensor technologies that include terminals and connector systems & components, sensors, relays, antennas, and other application tools. The Industrial Solutions segment offers products that connect and distribute power, data, and signals, such as terminals & connector systems, interventional medical components, relays, heat shrink tubing, wire, and cable. The Communications Solutions segment offers electronic components such as terminals, connector systems & components, relays, antennas, and heat shrink tubes for the devices and appliances markets.

TE Connectivity has a strong geographic presence across Asia–Pacific, Europe, the Americas, the Middle East, and Africa through its subsidiaries and strong distribution network. Some of its subsidiaries are First Sensor Lewicki GmbH (Germany), TE Connectivity ULC (Canada), TE Connectivity Connectors (Suzhou) Co., Ltd. (China), TE Connectivity Sensors France Holding (France), and First Sensor, Inc. (U.S.).

OMRON Corporation

Founded in 1933 and headquartered in Kyoto, Japan, OMRON Corporation is an electronics company that manufactures and sells sensing and control products. The company manufactures and provides automation components, equipment, and systems with advanced computer, communications, and control technologies. The company’s lineup of products includes large-scale control and information systems, computer systems for factory automation, relays, sensors, and switches. The company offers its robotics for various applications such as high-speed pick and place, mechanical assembly, material handling, packaging, machine tending, screw driving, and palletizing.

Omron operates in the market through four business segments: Industrial Automation Business (IAB), Healthcare Business (HCB), Social Systems, Solution and Service Business (SSB), and Device & Module Solutions Business (DMB).

OMRON Corporation has a strong geographic presence across Japan, the Americas, Europe, Greater China, and Asia Pacific through its subsidiaries and strong distribution network. Some of its subsidiaries are Omron Europe B.V. (Netherlands), Omron Telford Ltd. (U.K.), Omron Manufacturing of the Netherlands B.V., and Omron Electronics S.A. (Japan).

Infineon Technologies AG

Founded in 1999 and headquartered in Neubiberg, Germany, Infineon Technologies AG is a semiconductor solution provider. The company develops, manufactures, and sells semiconductor-based solutions across various sectors, including automotive, industrial, and consumer sectors. The company offers a wide product portfolio, including standard components and special components for digital, analog, and mixed-signal applications. Infineon operates in the market through four business segments: Automotive, Industrial Power Control, Power & Sensor Systems, and Connected Secure Systems.

The Automotive segment offers automotive electronics solutions. The Industrial Power Control segment provides power semiconductors used in industrial applications and renewable energy. The Power & Sensor Systems segment offers sensor technologies, data centers, communication networks, and more consumer-oriented applications. The Connected Secure Systems segment offers activities relating to IoT and traditional and new security applications.

Infineon Technologies AG has a strong geographic presence across Europe, the Middle East, Africa, Asia-Pacific, Greater China, Japan, and the Americas through its subsidiaries and strong distribution network. Some of its subsidiaries are Cypress Semiconductor Corporation (U.S.), Cypress Semiconductor Technology (Shanghai) Co. Ltd. (China), Infineon Technologies (Advanced Logic) Sdn. Bhd. (Malaysia), Infineon Technologies Dresden GmbH & Co. KG (Germany), and Infineon Technologies Holding B.V. (Netherlands).

Analog Devices, Inc.

Founded in 1965 and headquartered in Massachusetts, U.S., Analog Devices, Inc. designs, develops, produces, tests, and markets a wide range of products, including integrated circuits (ICs), software, and subsystems that leverage high-performance analog, mixed-signal, and digital signal processing methods. The company operates in the market through four business segments: Industrial, Automotive, Communications, and Consumer. The company’s product portfolio includes data converters, amplifiers and linear products, radio frequency (RF) ICs, power management products, sensors based on microelectromechanical systems (MEMS) technology and other sensors, and processing products, including DSP and other processors.

Analog Devices, Inc. has a geographical presence across the U.S., the Rest of North and South America, Europe, Japan, China, and the Rest of Asia through its subsidiaries and a strong distribution network. Some of its subsidiaries are Analog Devices A.B. (Sweden), Analog Devices Hangzhou Co., Ltd. (China), Analog Devices Canada, Ltd. (Canada), and Analog Devices (Phils.) Inc. (Philippines).

NXP Semiconductors N.V.

Founded in 2006 and headquartered in Eindhoven, Netherlands, NXP Semiconductors N.V. is a global semiconductor company that provides electronic products and systems, including processing data, sensing, storing information, and converting or controlling electronic signals. The company offers a broad range of product portfolio, including microcontrollers, application processors, communication processors, wireless connectivity, analog and interface products, radio frequency devices, security controllers, and sensors. NXP operates in the market through four business segments: Automotive, Industrial & IoT, Mobile, and Communication Infrastructure & Other.

The company provides solutions for cryptography security, high-speed interface, radio frequency (RF), mixed-signal analog-digital (mixed A/D), power management, digital signal processing, and embedded system design. The products are used across a wide range of end market applications such as automotive, industrial & Internet of Things (IoT), mobile, and communication infrastructure.

NXP Semiconductors N.V. has a strong geographic presence across China, Singapore, the U.S., Japan, Germany, South Korea, Taiwan, Netherlands, and Other Countries through its subsidiaries and strong distribution network. Some of its subsidiaries are NXP Semiconductors (Shanghai) Co., Ltd. (China), Freescale Semiconductor Holdings C, Inc. (U.S.), NXP Semiconductors France SAS (France), NXP Semiconductors Germany GmbH (Germany), and NXP Semiconductors Singapore Pte. Ltd. (Singapore).

Authoritative Research on the IoT Sensors Market – Global Opportunity Analysis and Industry Forecast (2024-2031)

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• Recent financial performance
• Key products
• Significant company strategies
• Partnerships and acquisitions

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