Occupancy Sensor Market
The market for Occupancy Sensor was estimated at $3.4 billion in 2024; it is anticipated to increase to $6.5 billion by 2030, with projections indicating growth to around $11.1 billion by 2035.
Global Occupancy Sensor Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2025 - 2034
The Occupancy Sensor industry revenue is expected to be around $3.8 billion in 2025 and expected to showcase growth with 11.4% CAGR between 2025 and 2034. The real game changer, with these sensors is how they seamlessly connect technology with convenience redefining energy management and automated control in a way.
Occupancy detectors are gadgets that can sense when people are in a particular space and adjust lighting as well, as heating and cooling systems accordingly They play a crucial role in the ongoing surge of smart home and building automation trend by helping to save energy and improve security measures.
Market Key Insights
- The Occupancy Sensor market is projected to grow from $3.4 billion in 2024 to $10.0 billion in 2034. This represents a CAGR of 11.4%, reflecting rising demand across Energy Management Systems, Security and Surveillance and Hospitality Management.
- Legrand S.A, Eaton Corporation Plc, Schneider Electric SE are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Occupancy Sensor market and are expected to observe the growth CAGR of 8.3% to 12.0% between 2024 and 2030.
- Emerging markets including India, Brazil and South Africa are expected to observe highest growth with CAGR ranging between 10.9% to 14.3%.
- Transition like Integration of IoT in Occupancy Sensors is expected to add $297 million to the Occupancy Sensor market growth by 2030.
- The Occupancy Sensor market is set to add $6.6 billion between 2024 and 2034, with manufacturer targeting HVAC Control & Security Surveillance Application projected to gain a larger market share.
- With Energy conservation initiatives, and Rise of smart homes and offices, Occupancy Sensor market to expand 194% between 2024 and 2034.