The IoT sensors are one of the most fundamental and prepared with IoT cloud-based applications. It is connected wirelessly to the workstation system that is used for identification. The foremost purpose is to accumulate data and control the surrounding environments through its diverse sensors, for example, temperature sensors, humidity sensors, and others. The IoT sensors provide an extensive range of applications in tracking, security, safety, and detecting in different industries. These sensors are utilized in industrial and automotive, development of smart cities, mining industry, electronics, and consumables industry applications.

The IoT sensor market is enormously driven due to the increasing adoption of IoT across manufacturing, healthcare, automotive, and several other end-use industries.  The IoT sensor market is experiencing extensive growth owing to the increasing adaption of the connected devices and growing demand for the electronics wearable. Furthermore, the advancement of technology leads to an escalation in the importance of real-time computing application is another factor driving the IoT sensor market growth during the forecast period. In addition, the growth in the internet connectivity rate, integration of IoT technology in healthcare, the development of smart cities are some other factors contributing to enforce a positive outlook on the market growth. On the other hand, the concerns related to the security and safety of data is expected to hamper the market growth.

The current novel coronavirus (COVID-19) pandemic that has been ravaging countless countries across the world has adversely affected the overall sensor, control, and automation sector. While the capital investments in the automation segment have been sluggish before the epidemic, they are projected to be put on hold or deferred for at least a year. Conversely, the recent standstill in industrial manufacturing and production is predicted to act as a wake-up call for the manufacturing industry on its dependence on human labor. This, in turn, is estimated to highlight the advantages of IoT and automation helping a superior adoption in the post-pandemic period.

Among the geographies, North America region is expected to hold the largest share in the global IoT sensor market as countries such as the U.S. and Canada are the front-runners of the adoption of new technology. Further, factors such as in the United States, IoT consumer devices, like security cameras and other smart home devices, such as smart thermostats are progressively being deployed for a variety of reasons, for example, growing security, and comfort, reducing energy consumption, or technical assistance in old age. Furthermore, the Asia Pacific region is expected to witness a high growth rate in the IoT Sensors market over the forecast period due to significant rise in smart city projects, along with healthy growth in IoT devices, which is, in turn, anticipated to boost the demand for IoT sensors in this region.