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Edge Intelligence and Secure Modules Drive IoT Hardware Market to US$426.2 Billion by 2030

Monday Aug 18, 2025

According to this new global market research report by TechMarket Experts (a unit of Industry Experts, Inc.), the global IoT Hardware Market is projected to surge from US$262 billion in 2024 to US$426.2 billion by 2030, growing at a CAGR of 8.4%. This growth is underpinned by rising adoption of edge-native sensors, AI-capable modules, and secure hardware across smart manufacturing, utilities, transportation, and healthcare applications.

IoT hardware now represents a strategic layer of digital infrastructure, enabling real-time data capture and decision-making at the edge. Asia-Pacific leads in market value and growth, followed by North America, which spearheads innovation in secure and standards-driven deployments. SMEs are increasingly adopting plug-and-play IoT devices, expanding the market footprint in emerging sectors and geographies.

Among hardware types, modules & sensors dominate spending, while security hardware is the fastest-growing segment. On the application front, predictive maintenance remains the largest, but smart metering is scaling fastest with a 10.5% CAGR through 2030. Manufacturing continues to lead in industry demand, while healthcare is witnessing the fastest acceleration due to remote patient monitoring and connected medical systems.

The report segments the global IoT Hardware Market by hardware type, application, company type, industry sector, and region. It includes detailed profiles of over 35 leading companies, including Intel, Texas Instruments, Qualcomm, Bosch Sensortec, STMicroelectronics, NXP, Advantech, Renesas, and Huawei.

For sample pages or purchase options, visit Internet of Things (IoT) Hardware Market Report or call +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.