Global Iot Devices Market Size & Outlook, 2025-2030
Global iot devices market, 2018-2030 (US$M)
Related Markets
Global iot devices market highlights
- The global iot devices market generated a revenue of USD 70,284.2 million in 2024 and is expected to reach USD 181,172.0 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 16.8% by 2030.
- In terms of segment, sensors accounted for a revenue of USD 26,987.1 million in 2024.
- Edge Devices is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2024.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 70,284.2 million |
| Market revenue in 2030 | USD 181,172.0 million |
| Growth rate | 16.8% (CAGR from 2025 to 2030) |
| Largest segment | Sensors |
| Fastest growing segment | Edge Devices |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sensors, Actuators, Processors, Edge Devices |
Other key industry trends
- In terms of revenue, the North America accounted for 34.9% of the global iot devices market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 10,276.8 million by 2030.
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IoT Devices Market Scope
IoT Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Robert Bosch GmbH | View profile | - | - | - |
| ABB Group | View profile | - | - | - |
| PTC Inc | View profile | 7231 | 121 Seaport Boulevard, Boston, MA, United States, 02210 | https://www.ptc.com |
| Huawei Technologies | View profile | 10001+ | Shenzhen, Guangdong, China, Asia | http://huawei.com |
| Sierra Wireless | View profile | 1001-5000 | Richmond, British Columbia, Canada, North America | http://www.sierrawireless.com |
| Silicon Laboratories Inc | View profile | 1846 | 400 West Cesar Chavez, Austin, TX, United States, 78701 | https://www.silabs.com |
| Cisco Systems Inc | View profile | 84900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | https://www.cisco.com |
| NXP Semiconductors NV | View profile | 34200 | 60 High Tech Campus, Eindhoven, NB, Netherlands, 5656 AG | https://www.nxp.com |
| Qualcomm Inc | View profile | 50000 | 5775 Morehouse Drive, San Diego, CA, United States, 92121-1714 | https://www.qualcomm.com |
| Texas Instruments Inc | View profile | 34000 | 12500 TI Boulevard, Dallas, TX, United States, 75243 | https://www.ti.com |
| Samsung Electronics Co Ltd | View profile | 124804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | https://www.samsung.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| STMicroelectronics NV | View profile | 51323 | 39, Chemin du Champ des Filles, Plan-Les-Ouates, Geneva, Switzerland, 1228 | https://www.st.com |
| Siemens Healthineers AG ADR | View profile | 71400 | Siemensstr. 3, Forchheim, BY, Germany, 91301 | https://www.siemens-healthineers.com |
| Intel Corp | View profile | 124800 | 2200 Mission College Boulevard, Santa Clara, CA, United States, 95054-1549 | https://www.intel.com |
Global iot devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to iot devices market will help companies and investors design strategic landscapes.
Sensors was the largest segment with a revenue share of 38.4% in 2024. Horizon Databook has segmented the Global iot devices market based on sensors, actuators, processors, edge devices covering the revenue growth of each sub-segment from 2018 to 2030.
- Global IoT Devices Component Outlook (Revenue, USD Million, 2018-2030)
- Sensors
- Actuators
- Others
- Processors
- Edge Devices
- Global IoT Devices End Use Outlook (Revenue, USD Million, 2018-2030)
- Automotive and Transportation
- Wearables
- Industrial IoT (IIoT)
- Agriculture
- Smart Cities
- Consumer Electronics
- Smart Home
- Healthcare
- Retail
- Energy and Utilities
- Others
- Global IoT Devices Connectivity Outlook (Revenue, USD Million, 2018-2030)
- Zigbee
- Wi-Fi
- Cellular
- RFID
- Bluetooth
- Others
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Target buyers of Global iot devices market databook
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Our clientele includes a mix of iot devices market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global iot devices market , including forecasts for subscribers. This global databook contains high-level insights into Global iot devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global iot devices market size, by regions, 2018-2030 (US$M)
Top 10 countries: Iot devices market size, 2024 (US$M)
Global iot devices market share, by component, 2024 & 2030 (%, US$M)
Iot devices market: Opportunity assessment by country
Global iot devices market, by region, 2024 (US$M)
Related statistics
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