MRO Components, Consumables & Tooling · Indirect
Monitoring · monthly
Procurement Category Intelligence

Wireless IoT Sensors - Industrial

Overview
Market size
$14.8B
global, USD
CAGR
13.6%
base to forecast
Buyer power
-1.8
supplier-favoured
Suppliers
6
tracked players
Signals
12
5 high severity

Market outlook

2031$28.0B

What changed

Demand by region

North America demand35%
Europe demand28%
Asia Pacific demand25%
Rest of world demand12%
share of global demandtotal 100%

Cost drivers

Semiconductors and Electronic Components35%
Engineering and Software Integration25%
Assembly and Quality Testing Labor15%
Housing and Structural Materials15%
Logistics and Packaging10%
share of delivered cost (analyst estimate)

Supplier watchlist

6 tracked

Related categories

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