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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)

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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 2023USD 722.9 million
Market revenue in 2030USD 6,487.9 million
Growth rate36.8% (CAGR from 2023 to 2030)
Largest segmentTemperature sensors
Fastest growing segmentTemperature Sensors
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationTemperature 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
Sensors
Temperature Sensors
Motion Sensors
Light Sensors
Others
End Use
Consumer Electronics
Wearable Devices
Automotive & Transportation
BFSI
Healthcare
Retail
Building Automation
Oil & Gas
Agriculture
Aerospace & Defense
Others
Regions
Latin America
Europe
North America
Middle East & Africa
Asia Pacific
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

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