Smart Sensors Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Global Smart Sensors Market Analysis and it is segmented By Type (Flow, Humidity, Position, Pressure, Temperature), Technology (MEMS, CMOS, Optical Spectroscopy), Component (Analog-to-Digital Converter, Digital-to-Analog Converter, Amplifier), Application (Aerospace and Defense, Automotive, and Transportation, Healthcare, Industrial Automation), and Geography (North America (United States, Canada), Europe (Germany, United Kingdom, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America, and Middle East & Africa). The Market Size and Forecasts Are Provided in Terms of Value (USD Million) for All the Above Segments.

Smart Sensors Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Global Smart Sensors Market Size

Smart Sensors Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 66.08 Billion
Market Size (2030) USD 153.11 Billion
CAGR (2025 - 2030) 18.30 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

Smart Sensors Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Global Smart Sensors Market Analysis

The Smart Sensors Market size is estimated at USD 66.08 billion in 2025, and is expected to reach USD 153.11 billion by 2030, at a CAGR of 18.3% during the forecast period (2025-2030).

Sensors have become one of the most crucial and widely used components in various applications. The increasing demand for performance and efficiency has helped in the rising adoption of smart sensors over the past few years.

  • Smart sensors can be used to record fluctuations in temperature or pressure acceleration, which are crucial for a process, and in advanced IT solutions like machine-to-machine communication and analytics. These technologies are also used in the automotive, defense, sports, and electronic industries, as well as smart grids, smart cities, and smart environments (forest fire suppression, snow level monitoring, and earthquake early detection).
  • These sensors are a huge improvement over traditional sensors since they allow for the automatic collection of environmental data with a much-reduced error rate. Over the forecast period, the market for smart sensors is anticipated to rise due to rising IoT use and penetration, more vehicle automation, and smart wearable health monitoring devices.
  • IIoT connectivity innovation is also being driven by long-range, low-power wide-area network (LPWAN) technologies, including NB-IoT, LTE-M, LoRa, and Sigfox. Low-power devices may transmit data packets wirelessly over a larger region with LPWANs for IoT sensors, which is necessary for a manufacturing facility.
  • Additionally, governments all over the world are promoting market expansion through advantageous rules and incentives for international enterprises to invest, which is anticipated to accelerate market expansion.
  • Additionally, following COVID-19, the market is anticipated to experience a recovery in its growth rate in the years to come as a result of companies increasing their focus on meeting the surge in demand for smart technologies brought on by the rapid acceleration of IoT-based infrastructures, such as smart cities and smart grids, around the world. Additionally, the pandemic has prompted more businesses to update their infrastructure with cutting-edge IoT technology in order to ensure that production is unaffected in the event that another epidemic strikes in the future.
  • The COVID-19 outbreak was accelerating the adoption of Industry 4.0, driving businesses from all sectors into a more advanced state of IoT technology and workflow using sensors that have an impact on production, maintenance with altered service intervals, human resources with new job requirements, and marketing with new and in-depth knowledge of customers' individual use cases.

Global Smart Sensors Industry Overview

The smart sensors market is very competitive, with many national and international players in the market. The major players follow strategies like product innovation, mergers, and acquisitions to expand their reach and hold their market position. The major players in the market are Honeywell International, ABB Ltd, Analog Devices inc., and GE, among others.

In November 2022, Stirling Council's largest IoT smart sensor rollout gives 50K homeowners early notification of environmental issues and better energy consumption. Environmental sensors placed in every home will alert the council in real time of any moisture, mold, ventilation, or other potential issues and provide early warning. They will also let the tenant realize how much energy is needed to heat their home.

In September 2022, Advantech released WISE-2410 LoRaWAN Wireless Condition Monitor sensors that can independently detect equipment vibration, track the temperature of its surface over time, and ascertain its vibration characteristics. These sophisticated photoelectric sensors, such as sophisticated position sensors, are frequently employed in industrial automation. These sensors are extensively used in industrial, medical, and aeronautical applications because they can spot patterns and changes in an object's structure.

Global Smart Sensors Market Leaders

  1. ABB Ltd

  2. Honeywell International

  3. Analog Devices Inc.

  4. Siemens AG

  5. General Electric

  6. *Disclaimer: Major Players sorted in no particular order
Smart Sensors Market Concentration
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Global Smart Sensors Market News

  • October 2022 : Optomotive, a producer of advanced, high-performance cameras and 3D smart sensors, announced the debut of two new product lines at VISION 2022. will show off its fully engineered LOM series of 3D high-speed smart sensors. High-speed laser triangulation sensors from the LOM sensor line, which is based on Optomotive's FPGA camera technology, may be fully customized and user-programmed. The series is capable of inspection rates of up to 10 kHz and is designed for high-performance examination.
  • November 2022 : Quanergy Systems, Inc., a major producer of smart sensors such as LiDAR sensors and smart 3D solutions, has announced enhancements to its QORTEX DTC and Q-View software solutions, which support the company's Flow Management portfolio, which includes its smart sensors MQ-8 family of LiDAR sensors.

Global Smart Sensors Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Growing Demand for Energy Efficiency and Saving
    • 4.2.2 Increasing Demand for Consumer Electronics Products
    • 4.2.3 Higher Demand for Smart Sensors in the Healthcare and Automotive Industries
    • 4.2.4 Technology Advancements in Miniaturization and Wireless Capabilities
  • 4.3 Market Restraints
    • 4.3.1 Relatively High Deployment Costs
    • 4.3.2 Complex Design compared to Traditional Sensors
  • 4.4 Value Chain Analysis
  • 4.5 Industry Attractiveness - 'Porter's Five Forces Analysis'
    • 4.5.1 Threat of New Entrants
    • 4.5.2 Bargaining Power of Buyers
    • 4.5.3 Bargaining Power of Suppliers
    • 4.5.4 Threat of Substitute Products
    • 4.5.5 Intensity of Competitive Rivalry
  • 4.6 COVID-19 Impact Analysis

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Flow Sensor
    • 5.1.2 Humidity Sensor
    • 5.1.3 Position Sensor
    • 5.1.4 Pressure Sensor
    • 5.1.5 Temperature Sensor
    • 5.1.6 Other Types
  • 5.2 Technology
    • 5.2.1 MEMS
    • 5.2.2 CMOS
    • 5.2.3 Optical Spectroscopy
    • 5.2.4 Other Technologies
  • 5.3 Component
    • 5.3.1 Analog-to-Digital Converter
    • 5.3.2 Digital-to-Analog Converter
    • 5.3.3 Amplifier
    • 5.3.4 Other components
  • 5.4 Application
    • 5.4.1 Aerospace and Defense
    • 5.4.2 Automotive and Transportation
    • 5.4.3 Healthcare
    • 5.4.4 Industrial Automation
    • 5.4.5 Building Automation
    • 5.4.6 Consumer Electronics
    • 5.4.7 Other Applications
  • 5.5 Geography
    • 5.5.1 North America
    • 5.5.1.1 United States
    • 5.5.1.2 Canada
    • 5.5.2 Europe
    • 5.5.2.1 United Kingdom
    • 5.5.2.2 Germany
    • 5.5.2.3 France
    • 5.5.2.4 Rest of Europe
    • 5.5.3 Asia Pacific
    • 5.5.3.1 China
    • 5.5.3.2 India
    • 5.5.3.3 Japan
    • 5.5.3.4 Rest Asia Pacific
    • 5.5.4 Latin America
    • 5.5.5 Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 ABB Ltd
    • 6.1.2 Honeywell International
    • 6.1.3 Eaton Corporation
    • 6.1.4 Analog Devices Inc.
    • 6.1.5 Infineon Technologies AG
    • 6.1.6 NXP Semiconductors N.V.
    • 6.1.7 ST Microelectronics
    • 6.1.8 Siemens AG
    • 6.1.9 TE Connectivity Ltd
    • 6.1.10 Legrand Inc.
    • 6.1.11 General Electric
    • 6.1.12 Vishay Technology Inc.
  • *List Not Exhaustive

7. INVESTMENT ANALYSIS

8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Global Smart Sensors Industry Segmentation

A smart sensor is a device that takes input from the physical environment and uses built-in compute resources to perform predefined functions upon detection of specific input and then process data before passing it on. A smart sensor is also a crucial and integral element in the Internet of Things (IoT)

The Smart Sensors Market is segmented By Type (Flow, Humidity, Position, Pressure, Temperature), Technology (MEMS, CMOS, Optical Spectroscopy), Component (Analog-to-Digital Converter, Digital-to-Analog Converter, Amplifier), Application (Aerospace and Defense, Automotive, and Transportation, Healthcare, Industrial Automation), and Geography (North America (United States, Canada), Europe (Germany, United Kingdom, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America, and Middle East & Africa).

The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Type Flow Sensor
Humidity Sensor
Position Sensor
Pressure Sensor
Temperature Sensor
Other Types
Technology MEMS
CMOS
Optical Spectroscopy
Other Technologies
Component Analog-to-Digital Converter
Digital-to-Analog Converter
Amplifier
Other components
Application Aerospace and Defense
Automotive and Transportation
Healthcare
Industrial Automation
Building Automation
Consumer Electronics
Other Applications
Geography North America United States
Canada
Europe United Kingdom
Germany
France
Rest of Europe
Asia Pacific China
India
Japan
Rest Asia Pacific
Latin America
Middle East and Africa
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Global Smart Sensors Market Research FAQs

How big is the Smart Sensors Market?

The Smart Sensors Market size is expected to reach USD 66.08 billion in 2025 and grow at a CAGR of 18.30% to reach USD 153.11 billion by 2030.

What is the current Smart Sensors Market size?

In 2025, the Smart Sensors Market size is expected to reach USD 66.08 billion.

Who are the key players in Smart Sensors Market?

ABB Ltd, Honeywell International, Analog Devices Inc., Siemens AG and General Electric are the major companies operating in the Smart Sensors Market.

Which is the fastest growing region in Smart Sensors Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Smart Sensors Market?

In 2025, the North America accounts for the largest market share in Smart Sensors Market.

What years does this Smart Sensors Market cover, and what was the market size in 2024?

In 2024, the Smart Sensors Market size was estimated at USD 53.99 billion. The report covers the Smart Sensors Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Smart Sensors Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Global Smart Sensors Industry Report

Statistics for the 2025 Smart Sensors market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Smart Sensors analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.