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The global IoT sensors market is projected to grow at a Y-o-Y rate of 25.7% from 2021-2022. The convergence of technology such as AI, ML, and connectivity is driving growth across all sectors. North America is expected to dominate the market in the forecast period, with the U.S alone expected to garner a revenue of US$ 33.8 Billion by 2032. Smart City initiatives, the development of field devices, robots, sensors, and the advent of Industry 4.0 are expected to drive the market for IoT sensors.