Latin America Iot Sensors Market Size & Outlook, 2023-2030
The iot sensors market in Latin America is expected to reach a projected revenue of US$ 6,487.9 million by 2030. A compound annual growth rate of 36.8% is expected of Latin America iot sensors market from 2024 to 2030.
Revenue, 2023 (US$M)
$722.9
Forecast, 2030 (US$M)
$6,487.9
CAGR, 2024 - 2030
36.8%
Report Coverage
Latin America
Latin America iot sensors market, 2018-2030 (US$M)
Latin America iot sensors market highlights
- The Latin America iot sensors market generated a revenue of USD 722.9 million in 2023.
- The market is expected to grow at a CAGR of 36.8% from 2024 to 2030.
- In terms of segment, temperature sensors was the largest revenue generating sensors in 2023.
- Temperature Sensors is the most lucrative sensors segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 722.9 million |
| Market revenue in 2030 | USD 6,487.9 million |
| Growth rate | 36.8% (CAGR from 2023 to 2030) |
| Largest segment | Temperature sensors |
| Fastest growing segment | Temperature Sensors |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Temperature Sensors |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.4% of the global iot sensors market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 38,773.9 million by 2030.
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IoT Sensors Market Scope
Iot sensors market segmentation & scope
End Use
Consumer Electronics
Wearable Devices
Automotive & Transportation
BFSI
Healthcare
Retail
Building Automation
Oil & Gas
Agriculture
Aerospace & Defense
Others
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
IoT Sensors Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America iot sensors market
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