| Product Code: ETC6356348 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Belgium continues to be a key player in the IoT devices market with a high Herfindahl-Hirschman Index (HHI) indicating significant market concentration. The top exporting countries to Belgium include Netherlands, China, Luxembourg, Metropolitan France, and the UK, showcasing a diverse range of sources for IoT devices. Despite a notable Compound Annual Growth Rate (CAGR) of 20.56% from 2020 to 2024, there was a slight decline in growth rate from 2023 to 2024 at -18.02%. This data suggests a dynamic market environment with continued interest and demand for IoT devices in Belgium.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium IoT Devices Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium IoT Devices Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium IoT Devices Market - Industry Life Cycle |
3.4 Belgium IoT Devices Market - Porter's Five Forces |
3.5 Belgium IoT Devices Market Revenues & Volume Share, By Application Type, 2021 & 2031F |
3.6 Belgium IoT Devices Market Revenues & Volume Share, By Connectivity Type, 2021 & 2031F |
4 Belgium IoT Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of smart home devices and solutions in Belgium |
4.2.2 Growing demand for industrial automation and smart manufacturing |
4.2.3 Government initiatives promoting IoT technology and digital transformation in Belgium |
4.3 Market Restraints |
4.3.1 Concerns regarding data security and privacy in IoT devices |
4.3.2 High initial investment and integration costs for IoT solutions in Belgium |
5 Belgium IoT Devices Market Trends |
6 Belgium IoT Devices Market, By Types |
6.1 Belgium IoT Devices Market, By Application Type |
6.1.1 Overview and Analysis |
6.1.2 Belgium IoT Devices Market Revenues & Volume, By Application Type, 2021- 2031F |
6.1.3 Belgium IoT Devices Market Revenues & Volume, By Connected and Smart Home, 2021- 2031F |
6.1.4 Belgium IoT Devices Market Revenues & Volume, By Medical IoT, 2021- 2031F |
6.1.5 Belgium IoT Devices Market Revenues & Volume, By Connected Car, 2021- 2031F |
6.1.6 Belgium IoT Devices Market Revenues & Volume, By Smart Cities, 2021- 2031F |
6.1.7 Belgium IoT Devices Market Revenues & Volume, By Industrial IoT, 2021- 2031F |
6.1.8 Belgium IoT Devices Market Revenues & Volume, By Personal IoT, 2021- 2031F |
6.2 Belgium IoT Devices Market, By Connectivity Type |
6.2.1 Overview and Analysis |
6.2.2 Belgium IoT Devices Market Revenues & Volume, By WPAN, 2021- 2031F |
6.2.3 Belgium IoT Devices Market Revenues & Volume, By WLAN, 2021- 2031F |
6.2.4 Belgium IoT Devices Market Revenues & Volume, By LPWA, 2021- 2031F |
6.2.5 Belgium IoT Devices Market Revenues & Volume, By Cellular/M2M, 2021- 2031F |
6.2.6 Belgium IoT Devices Market Revenues & Volume, By Other, 2021- 2031F |
7 Belgium IoT Devices Market Import-Export Trade Statistics |
7.1 Belgium IoT Devices Market Export to Major Countries |
7.2 Belgium IoT Devices Market Imports from Major Countries |
8 Belgium IoT Devices Market Key Performance Indicators |
8.1 Average number of connected devices per household in Belgium |
8.2 Percentage of businesses in Belgium using IoT solutions for operational efficiency |
8.3 Rate of IoT infrastructure development and deployment in key industries in Belgium |
9 Belgium IoT Devices Market - Opportunity Assessment |
9.1 Belgium IoT Devices Market Opportunity Assessment, By Application Type, 2021 & 2031F |
9.2 Belgium IoT Devices Market Opportunity Assessment, By Connectivity Type, 2021 & 2031F |
10 Belgium IoT Devices Market - Competitive Landscape |
10.1 Belgium IoT Devices Market Revenue Share, By Companies, 2024 |
10.2 Belgium IoT Devices Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here