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IoT Sensors Market Forecast to Surge at 22.7% CAGR to Reach $56.8 Billion by 2030, Driven by Manufacturing and Healthcare Sectors

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DUBLIN, March 4, 2024 /PRNewswire/ — The “Global IoT Sensors Market by Offering (Image Sensors, RFID Sensors, Biosensors, Humidity Sensors, Optical Sensors, Others), Technology (Wired, Wireless), Sector (Manufacturing, Retail, Consumer Electronics, Others), & Geography – Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.

With a projection to expand at a compelling compound annual growth rate (CAGR) of 22.7% through to 2030, the market is anticipated to attain a valuation of $56.8 billion, signifying robust industrial advancements and technological innovation.

In today’s interconnected world, IoT sensors play an indispensable role. They offer critical data for various applications, ranging from enhancing consumer electronics functionality to streamlining manufacturing processes. The report categorically analyzes offerings such as image sensors, humidity sensors, and optical sensors, among others, highlighting the adoption trends across different technologies including wired and wireless systems.

The manufacturing sector is poised to witness significant uptake of IoT sensors, leveraging them for applications like smart robotics and inventory management. Simultaneously, the healthcare industry’s focus has shifted towards enhancing patient monitoring systems through IoT integration, opening opportunities for sensor technology to transform care delivery and optimize healthcare workflows.

Bolstered by the advent of Industry 4.0 and smart city initiatives, the Asia-Pacific region is the frontrunner in IoT sensor adoption with substantial investments and demand for advanced sensor-enabled devices. Key technological trends such as wireless connectivity and artificial intelligence integration within IoT sensors are setting the stage for a transformative landscape in sensor technology and industry applications.

Market analysts delve into the competitive dynamics, spotlighting the major players in IoT sensor technology and their market shares. They also offer crucial insights into the market trends, drivers, restraints, and the array of opportunities available for stakeholders. Such in-depth knowledge helps in deciphering the diverse strategies adopted by leading industry participants, making the report a cornerstone for understanding current market scenarios and future growth prospects.

The geographical analysis within the report encompasses regional trends and growth hotspots, identifying high-potential areas and emerging market participants. This enhances the understanding of the local competitive environment, assisting businesses and investors to strategize accordingly.

Key questions answered in the report:

Which are the high growth market segments in terms of offering, technology, sector, and countries?What is the historical market for IoT sensors across the globe?What are the market forecasts and estimates from 2023-2030?What are the major drivers, restraints, and opportunities in the global IoT sensors market?Who are the major players in the global IoT sensors market, and what shares of the market do they hold?Who are the major players in various countries, and what shares of the market do they hold?How is the competitive landscape?What are the recent developments in the global IoT sensors market?What are the different strategies adopted by the major players in the global IoT sensors market?What are the geographical trends and high growth countries?Who are the local emerging players in the global IoT sensors market and how do they compete with the other players?

Market Insights

Factors Affecting Market Growth

Increasing Investments in Industry 4.0 Technologies Driving the Adoption of IoT SensorsGovernment Initiatives Supporting the Adoption of IoT Devices Across Various SectorsIncreasing Integration of IoT Sensors into Connected and Wearable Devices Supporting Market GrowthData Security and Privacy Concerns Hampering the Adoption of IoT SensorsGrowing Use of IoT Sensors for Predictive Maintenance Expected to Generate Growth Opportunities for Market PlayersProliferation of Smart Cities Expected to Increase the Adoption of IoT SensorsHigh Initial Investment Requirements Impacting the Implementation of IoT Ecosystems

Trends

Rising Adoption of Industrial RobotsIncreasing Integration of Artificial Intelligence into IoT Sensors

Porter’s Five Forces Analysis

Value Chain Analysis

Case Studies

Monitoring System for Precision FarmingIoT Technology for Manufacturing OperationsReal-Time IoT Tracking and Visualization

Company Profiles

Texas Instruments IncorporatedBosch Sensortec GmbHSTMicroelectronics N.V.Honeywell International Inc.Murata Manufacturing Co., Ltd.TE Connectivity Ltd.OMRON CorporationAnalog Devices, Inc.NXP Semiconductors N.V.Infineon Technologies AGBroadcom Inc.TDK CorporationVighnaharta Technologies Pvt. Ltd.ANBSensorsSensoneo

Scope of the Report:

Market Assessment, by Offering

Image SensorsBiosensorsRFID SensorsAccelerometer SensorsFlow SensorsPressure SensorsOptical SensorsHumidity SensorsTemperature SensorsLevel SensorsProximity SensorsGas SensorsOther IoT Sensors

Market Assessment, by Technology

Wireless TechnologyWi-FiBluetoothZigbeeZ-WaveOther Wireless TechnologiesWired Technology

Market by Assessment, by Sector

ManufacturingSurveillance & SafetyMachine Inspection & MaintenanceSmart RoboticsProduction PlanningInventory & Warehouse ManagementTransportation & LogisticsTraffic ManagementFleet ManagementParking ManagementTelematicsRetailCustomer Experience ManagementOperations ManagementInventory ManagementHealthcareTelehealth/TelemedicineHospital Operations & Workflow ManagementRemote Patient MonitoringMedical DevicesOther Healthcare ApplicationsOil & GasRemote MonitoringWorker Safety & SecurityPredictive MaintenanceAsset Tracking and ManagementEnergy & UtilitiesSmart Grid ManagementPredictive MaintenanceAsset ManagementSecurity And SafetyConsumer ElectronicsHome AutomationSmart WearablesSecurity & SafetyAgricultureCrop MonitoringLivestock MonitoringSmart IrrigationInventory ManagementWeather Tracking and Monitoring

Market Assessment, by Geography

Asia-PacificChinaJapanIndiaSouth KoreaRest of Asia-PacificNorth AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalySpainRest of EuropeMiddle East & AfricaLatin America

For more information about this report visit https://www.researchandmarkets.com/r/5f9fgc

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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Lianlian DigiTech Returns to Money20/20 Asia to Expand Partnerships, Share Industry Trends, and Explore AI-Enabled Global Financial Infrastructure

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BANGKOK, April 26, 2026 /PRNewswire/ — Lianlian DigiTech, a leading global provider of digital payment services, was once again invited to participate in Money20/20 Asia, one of the world’s most influential fintech gatherings, held in Bangkok, Thailand from April 21 to 23. At the event, the company presented its latest developments in cross-border payment infrastructure, technology innovation, and ecosystem collaboration, offering a comprehensive view of its work enhancing global cross-border payment capabilities.

During the conference, Lianlian DigiTech announced a strategic partnership with UK-based fintech company USI Money to further strengthen its global cross-border payment network, delivering more efficient and reliable fund flows for merchants worldwide. Shen Enguang, Co-President of Lianlian DigiTech; Mark Ma, Head of Global Banking Partnership at LianLian Global; and Bryan Jiang, General Manager Hong Kong of LianLian Global, attended the event and engaged with representatives from international financial institutions. They shared perspectives on fintech trends and global payment innovation, offering industry insight into the continued evolution of a more integrated and interoperable cross-border payments ecosystem.

Building a Borderless Payment Network with Global Partners Including USI Money

At the event, Lianlian DigiTech formalized a strategic collaboration with London-headquartered USI Money to further develop its global payment infrastructure.

The partnership will focus on cross-border remittance and foreign exchange services, combining both companies’ technological capabilities and resources to deliver a one-stop payment and collection solution for global businesses. The offering is built to be efficient, secure, and cost-effective, improving overall fund flow efficiency and streamlining foreign exchange execution.

Syed Bukhari, Group Chief Business and Operating Officer at USI Money, said: “Our partnership with Lianlian will strengthen our remittance capabilities, creating greater value for our customers through broader network coverage and improved transaction performance.”

Bryan Jiang, General Manager Hong Kong of LianLian Global, said: “By leveraging the complementary strengths of our ecosystem partners in technology and compliance, Lianlian will continue to scale its global payment network and improve transaction efficiency. We remain committed to enhancing financial connectivity across global financial markets and delivering more efficient and reliable cross-border payment solutions for our customers.”

Founded in 2009 and listed on the Main Board of the Hong Kong Stock Exchange in 2024 (2598.HK), Lianlian DigiTech is a China-based, globally focused digital payment company with increasingly integrated AI capabilities across its platform. Guided by its mission of “Connecting the world, Empowering global commerce,” the company focuses on developing a trusted and scalable financial infrastructure. As of the end of 2025, Lianlian DigiTech has built a cross-border payment network covering more than 100 countries and regions, serving over 10.4 million customers worldwide.

USI Money is a foreign exchange and international remittance service provider offering tailored cross-border financial solutions for businesses and individuals. With competitive real-time exchange rates and efficient execution as its core strengths, the company delivers fast, secure, and reliable global fund transfers.

In addition, Lianlian DigiTech co-hosted a networking session with Unlimit during the event, providing a forum for industry dialogue. The session brought together a broad group of fintech partners to explore collaborative models and help foster a more connected ecosystem.

Industry Roundtables: Unlocking Layered Collaboration in AI-Driven Cross-Border Payments and Advancing Financial Inclusion in Emerging Markets

At the same time, Mark Ma and Bryan Jiang were invited to the themed roundtable discussions, where they shared insights drawn from industry practice and outlined new approaches to aligning fintech innovation with the global financial system.

At the roundtable on “Fintech and Banks,” Mark Ma noted that the global payment system is rapidly shifting from isolated capabilities to a layered, collaborative model. Banks continue to serve as the foundational infrastructure, responsible for clearing networks and liquidity management. Fintech firms like Lianlian, meanwhile, build on top of this foundation to deliver application-layer services for businesses, transforming complex cross-border payment channels into more accessible solutions that support a wider range of practical business scenarios. He also emphasized fintech’s growing role in compliance and value creation. By embedding risk controls and verification processes into technology workflows, fintech companies can act as compliance intermediaries, improving efficiency while filtering risk and enabling banks to operate more effectively at scale. Meanwhile, insights derived from transaction data and business flows allow for more precise evaluation of small and medium-sized businesses, shifting capital allocation from experience-based decisions to data-driven approaches and improving access to financial services.

At the roundtable titled “Different Worlds, Shared Challenges: Bridging Emerging Markets,” Bryan Jiang pointed out that the core of financial inclusion is shifting from scale of coverage to practical usability in everyday financial activity. The ability to serve underserved segments such as small and micro merchants and overseas workers in a sustained and reliable manner ultimately depends on continuous improvements in product design and operational capabilities. Using emerging markets as an example, Jiang explained that small and medium-sized businesses in these regions often face challenges such as difficult account setup, complex cross-border collections, high foreign exchange costs, and multi-layered tax requirements. Many existing solutions still follow traditional business-focused models, resulting in cumbersome KYB processes and lengthy review cycles that are misaligned with the asset-light, high-frequency, fast-turnover nature of these businesses. In response, Lianlian has lowered barriers to fund flows by offering local collection accounts, optimizing foreign exchange mechanisms, and improving settlement efficiency. The company has also restructured account architecture, streamlined review processes, and enhanced fund visibility, creating a more seamless and intuitive user experience that better aligns financial services with its clients’ business operations and day-to-day activities.

As digital technologies increasingly integrate with the real economy, innovations in AI and blockchain are reshaping the foundations of global financial services. Lianlian DigiTech has long invested in AI capabilities, global compliance, and the growth of its international service network. Its broad licensing coverage, regulatory track record, localized service capabilities, and technical reliability have earned the trust of regulators, customers, and partners worldwide.

Looking ahead, Lianlian DigiTech will continue to build on its cross-border expertise and compliance experience to further develop its AI capabilities and deepen collaboration with global partners. The company aims to extend its role beyond payment network services into more integrated financial infrastructure solutions. Lianlian DigiTech remains committed to serving as a trusted platform for global financial transactions in an increasingly digital environment, enabling businesses and individuals worldwide to access faster, more efficient, and more seamless cross-border financial services.

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SOURCE LianLian Global

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The Building & Furniture Category Highlights Sustainable and Human‑Centric Design at the 139th Canton Fair

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GUANGZHOU, China, April 26, 2026 /PRNewswire/ — Phase 2 of the 139th Canton Fair has seen the Building & Furniture category emphasize green Infrastructure and human-centric design.

A major highlight of the building and decorative materials section is the introduction of photovoltaic marble-textured cladding. This innovative surfacing material bridges the gap between high-end aesthetics and renewable energy. Unlike traditional solar panels that rely on glass, this non-opaque cladding uses precise microscopic structures to guide light to internal PV cells.

This technology offers 60% higher efficiency than traditional transparent solar systems while reducing carbon emissions by over 50%. Its ability to reproduce stone, wood, or brick‑like 3D textures allows architects to integrate power generation into a wide range of building styles without the industrial appearance of traditional solar panels.

Indoor environments are also becoming smarter and safer. Manufacturers are showcasing high-efficiency antibacterial surfacing, utilizing visible light catalysis to provide 24-hour protection against mold and bacteria. These advanced decorative papers and panels are becoming the new standard for high-end interior decoration, prioritizing long-term hygiene in residential and commercial spaces.

The sanitary ware sector is increasingly focused on the aging global population and those with limited mobility. A standout innovation is the electric lift-and-rotate shower chair. Designed for the dry-wet separation bathroom layout, it allows users to sit in a dry area and be safely rotated and lifted into the shower via remote control. This waterproof, low-voltage system provides dignity and independence for the elderly while reducing the physical strain on caregivers.

Hygiene and ease of maintenance have also seen a breakthrough with wall-mounted toilets. By moving the lid connection to the tank wall and adopting a mortise‑and‑tenon structure, the design eliminates the hard‑to‑clean areas where bacteria typically accumulate. Many of these units also incorporate ergonomic grab bars directly into the frame, blending safety with a minimalist aesthetic.

In the sports and leisure industry, the shift toward sustainability is seen in non-infill synthetic turf. This next-generation football grass eliminates the need for rubber granules or sand, providing a natural touch and superior shock absorption while significantly reducing maintenance costs and microplastic pollution.

All these innovations demonstrate how the Building & Furniture sector is advancing toward greener materials, smarter functionality, and more human‑centered design, setting new benchmarks for the future of living spaces.

For pre-registration, please click: https://buyer.cantonfair.org.cn/register/buyer/email?source_type=16

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Nexteer’s Global First Steer-by-Wire Goes into Production

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BEIJING, April 26, 2026 /PRNewswire/ — Nexteer Automotive helped a leading Chinese new energy vehicle (NEV) manufacturer bring the world’s first production passenger vehicle with a full drive‑by‑wire chassis to market. The vehicle features Nexteer’s steer‑by‑wire (SbW) system as a key enabler.

The SbW featured in this vehicle marks Nexteer’s first SbW system in mass production, representing a major step forward for the technology — moving from development and validation to full-scale production. Certified in late 2025, this system achieved the world’s first ASIL D functional safety approval from DAkkS (German Accreditation Body) through close collaboration with the OEM. This certification reflects global top-tier performance in fault diagnosis, redundancy, and safety monitoring. Key features include:

Multi-layered redundancy design: Dual controllers, dual power supplies, multiple communication links, and dual actuation paths — achieving redundancy at system, hardware, and software levels. This ensures that in the event of a single fault, the backup path takes over within milliseconds with no loss of steering function.Full‑scenario functional safety mechanism: Multi‑level monitoring and fault handling strategies covering sensors, controllers, actuators, and communication links.Variable steering ratio: Automatically adjusts steering angle and effort based on vehicle speed and driving mode, balancing agility and comfort.Intuitive road‑feel simulation technology: Software‑defined steering feedback delivers a more responsive and precise driving experience, adaptable to a wide range of driving scenarios.Open interface for autonomous driving: As a key actuation layer for ADAS and autonomous driving systems, it provides real‑time, precise control capabilities, supporting the development of intelligent transportation systems.

Steer-by-Wire: Electronic Signals Replace Mechanical Links, Flexible Configurations for Diverse Needs

By decoupling the mechanical link between the hand wheel and the road wheels, steer-by-wire replaces conventional mechanical connections with electronic signals and actuators — and is quickly becoming a foundational technology for next-generation intelligent chassis and autonomous driving platforms. As a motion control technology company with 120 years of engineering heritage, Nexteer offers a flexible, off-the-shelf portfolio of steering feel simulators and road wheel actuators. This modular approach allows us to meet the diverse needs of different vehicle models and driving scenarios efficiently and cost-effectively.

From Steering to Braking: Expanding Full-Stack Motion Control Capabilities

Building on its deep expertise in steering systems, Nexteer has expanded into braking with its Brake-by-Wire solution, the Electro-Mechanical Brake (EMB). EMB has completed full development and rigorous validation and is ready for mass production. Together with SbW, Brake-by-Wire (EMB), Rear-Wheel Steering, and the MotionIQ™ Software Suite make up Nexteer’s broader Motion-by-Wire™ portfolio.

With Nexteer, OEMs get more than steer-by-wire and brake-by-wire components: they get a complete, proven, production-ready and cost-effective drive-by-wire chassis motion control solution that’s shaping the future of the software-defined chassis and enabling faster development, lower costs and safter, smarter and more exciting driving experiences.

During Auto China 2026, we cordially invite you to visit Nexteer at Booth W1B03, Hall W1, China International Exhibition Center (Shunyi) in Beijing, to experience firsthand the breakthrough innovations of steer-by-wire and Motion-by-Wire™ technologies.

ABOUT NEXTEER AUTOMOTIVE

Nexteer Automotive (HK 1316) is a global leading motion control technology company accelerating mobility to be safe, green and exciting. Our innovative portfolio supports Motion-by-Wire™ chassis control, including electric and hydraulic power steering systems, steer-by-wire and rear-wheel steering systems, steering columns and intermediate shafts, driveline systems, software solutions and brake-by-wire. Celebrating 120 years of automotive innovation in 2026, Nexteer builds on a strong legacy of engineering excellence while continuing to shape the future of mobility. The company solves motion control challenges across all megatrends – including electrification, software/connectivity, ADAS/automated driving and shared mobility – for global and domestic OEMs around the world including BMW, Ford, GM, RNM, Stellantis, Toyota and VW, as well as automakers in India and China including BYD, Xiaomi, ChangAn, Li Auto, Chery, Great Wall, Geely, Xpeng and others. www.nexteer.com  

Links to Nexteer Media Center

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