IoT Hardware Market to Surpass US$426.2 Billion by 2030, Fueled by Edge Intelligence, AI Modules, and Industrial Automation

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According to this new global market research report published by TechMarket Experts (a unit of Industry Experts, Inc.), the globalInternet of Things (IoT) Hardware Market is expected to expand from US$262 billion in 2024 to over US$426.2 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.4%. The growth is fueled by the accelerated deployment of edge-intelligent devices, AI-powered modules, and secure, application-specific hardware across manufacturing, utilities, transportation, and healthcare sectors.

IoT hardware, comprising smart sensors, secure microcontrollers, edge servers, and embedded modules, plays a foundational role in enabling real-time data capture and analytics. As the demand for localized decision-making and latency-sensitive applications rises, industries are moving toward edge-native computing architectures. At the same time, SMEs are emerging as a key growth engine, adopting affordable, plug-and-play IoT devices for smart farming, remote asset monitoring, and building automation.


From a regional perspective, Asia-Pacific dominates the global landscape with the largest market share and the fastest growth rate (11.1% CAGR), led by large-scale smart infrastructure rollouts in China, India, and Southeast Asia. North America continues to lead in innovation, particularly in secure hardware and standards-based deployments for critical sectors.

The report highlights that modules and sensors continue to hold the majority share of hardware spending, while security hardware is the fastest-growing segment, expanding at a CAGR of 12.3% through 2030. Application-wise, predictive maintenance remains the leading use case, while smart metering is expected to record the fastest growth. Among end-user industries, manufacturing leads in overall adoption, while healthcare is poised for the highest CAGR due to the proliferation of connected medical devices and remote patient monitoring.

This comprehensive study segments the market by hardware type, application, company size, industry sector, and region, and features competitive insights from over 35 companies, including Intel, Texas Instruments, Qualcomm, Bosch Sensortec, STMicroelectronics, NXP, Advantech, Renesas, and Huawei.

 

For sample pages or purchasing details, visit Internet of Things (IoT) Hardware Market Report or contact us at +1-320-497-3787.

 

About TechMarket Experts

TechMarket Experts, a unit of Industry Experts, Inc., is your trusted source for independent and unbiased market research reports focused exclusively on the Information Technology (IT) and IT-enabled services industries. We provide forward-looking insights and strategic data to empower corporate decision-makers, analysts, and innovators navigating the dynamic global tech landscape. For more information, visit https://techmarketexperts.com or contact us at +1-320-497-3787.

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