Latin America Smart Sensors Market Size & Outlook

The smart sensors market in Latin America is expected to reach a projected revenue of US$ 12,564.9 million by 2030. A compound annual growth rate of 16.5% is expected of Latin America smart sensors market from 2024 to 2030.
Revenue, 2023 (US$M)
$4,315.7
Forecast, 2030 (US$M)
$12,564.9
CAGR, 2024 - 2030
16.5%
Report Coverage
Latin America

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

Latin

Latin America smart sensors market highlights

  • The Latin America smart sensors market generated a revenue of USD 4,315.7 million in 2023.
  • The market is expected to grow at a CAGR of 16.5% 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, Argentina is expected to register the highest CAGR from 2024 to 2030.


Latin America data book summary

Market revenue in 2023USD 4,315.7 million
Market revenue in 2030USD 12,564.9 million
Growth rate16.5% (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, Latin America region accounted for 8.4% 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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Latin America 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 22.08% in 2023. Horizon Databook has segmented the Latin America 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America smart sensors market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America smart sensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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

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