Europe Smart Sensors Market Size & Outlook, 2023-2030

The smart sensors market in Europe is expected to reach a projected revenue of US$ 38,068.4 million by 2030. A compound annual growth rate of 19.5% is expected of Europe smart sensors market from 2024 to 2030.
Revenue, 2023 (US$M)
$10,962.9
Forecast, 2030 (US$M)
$38,068.4
CAGR, 2024 - 2030
19.5%
Report Coverage
Europe

Europe smart sensors market, 2018-2030 (US$M)

Europe

Europe smart sensors market highlights

  • The Europe smart sensors market generated a revenue of USD 10,962.9 million in 2023.
  • The market is expected to grow at a CAGR of 19.5% from 2024 to 2030.
  • In terms of segment, image was the largest revenue generating sensors type in 2023.
  • Image is the most lucrative sensors type segment registering the fastest growth during the forecast period.
  • Country-wise, Italy is expected to register the highest CAGR from 2024 to 2030.


Europe data book summary

Market revenue in 2023USD 10,962.9 million
Market revenue in 2030USD 38,068.4 million
Growth rate19.5% (CAGR from 2023 to 2030)
Largest segmentImage
Fastest growing segmentImage
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationTouch, Flow, Image, Temperature & Humidity, Motion, Pressure, Light, Position
Key market players worldwideAnalog Devices Inc, Honeywell International Inc, Siemens AG, OMRON Corp, Sensirion, Robert Bosch Engineering & Business Solutions, NXP Semiconductors NV, STMicroelectronics NV ADR, Infineon Technologies AG, General Electric


Other key industry trends

  • In terms of revenue, Europe region accounted for 21.3% of the global smart sensors market in 2023.
  • Globally, North America 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 54,351.9 million by 2030.

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Smart Sensors Market Companies

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Europe smart sensors 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 smart sensors market will help companies and investors design strategic landscapes.


Image was the largest segment with a revenue share of 22.07% in 2023. Horizon Databook has segmented the Europe smart sensors market based on touch, flow, image, temperature & humidity, motion, pressure, light, position covering the revenue growth of each sub-segment from 2018 to 2030.


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  • Our clientele includes a mix of smart sensors market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe smart sensors market , including forecasts for subscribers. This continent databook contains high-level insights into Europe smart sensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Europe smart sensors market size, by country, 2018-2030 (US$M)

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