Sensor Market to Reach $ 190.95 Billion By 2022: Optical sensor, Image Sensor, Touch sensor, Pressure Sensor, Radar Sensor, Temperature Sensor, Biosensors, Humidity Sensors, Accelerometer and Speed Sensors, Proximity Sensors
Sensor Market is expected to experience significant growth in coming years between 2014 and 2022. The market is expected to reach $190.95 billion by 2022 at a growing CAGR of 9.14%. Increasing application in automotive application, collision prevention, healthcare monitoring and oil platforms will enhance the growth of sensor market in the upcoming years. In addition, growing application of sensors in military and surveillance, transportation and logistics will also boost the market. Moreover, increasing trends of internet of things (IoT), using sensors in smartphones and medical devices will also enhance the market growth. For instance, in 2016, Lufthansa started using IoT based strategy to develop an entirely new business mining data from their maintenance, repair and overhaul (MRO) operations and providing it to their customers. This incidence ensures steady market growth over the forecast period. Furthermore, technological advancements in consumer electronic products will further render ample opportunities for the growth of the market. But, high cost of replacement and dearth of privacy factors will impede the growth of the market over the forecast period. In addition, extra cost incurred by manufacturers for embodying sensors in devices will also restrain the market growth. Thus, considering the drivers and challenges, the growth of the market is expected to be steady in the upcoming years.
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Sensor Market - Competitive Outlook and Trend Analysis:
The key players operating in the global sensor market emphasize on product development in order to introduce improved diabetes management systems and capture a larger share of the market. Some of the major players in this market are, STMicroelectronics, Qualcomm Technologies, Siemens Healthcare Diagnostics, Custom Sensors and Technologies Inc., Analog Devices Inc., Delphi Automotive PLC, Infineon Technologies AG, Omron Corp, Vishay Intertechnology Inc. and Wilcoxon Research Inc.
Sensor Market - Product Type Outlook and Trend Analysis:
Sensors are complex devices that are used to detect and respond to number of inputs from physical environment. The specific input can be light and temperature which are frequently converted into human readable electrical signals which are readily displayed at sensor screen. For instance, mercury based thermometers is used to measure temperature by expansion and contraction of mercury which can be read through calibrated glass tubes. Sensors are pervasive and embedded in our bodies, automobiles, medical devices, airplanes and other range of applications. Sensors are of two types: active and passive sensors. Active sensors require external source of voltage that is used to provide output signals whereas in passive sensors output power is entirely supplied by the measured signal. Sensors are used in wide range of application ranging from simple touch screen elevator buttons to highly sophisticated sensors used in robots. Sensors are highly sensitive to measure property and do not get influenced by other property encountered in its application or measurement.
Sensor Market Segmentation:
Sensor Market - By Type: Optical sensor, Image Sensor, Touch sensor, Pressure Sensor, Radar Sensor, Temperature Sensor, Biosensors, Humidity Sensors, Accelerometer and Speed Sensors, Proximity Sensors and Displacement Sensors, Level sensors, Motion and Position Sensor, Others
Sensor Market - By Technology: MEMS, NEMS, CMOS, Others
Sensor Market - By Application: Healthcare, IT and Telecommunication, Industrial, Aerospace and Defense, Electronics, Automotive, Others
Sensor Market - Market Opportunities:
The key opportunity for the players operating in sensor market lies in the development of various types of sensors and also increasing its application in various fields. Apart from that, technological advancements and high investments in R&D will further broaden the opportunities of the key players to grow significantly over the forecast period. In addition, promotional activities related to product information and benefits in various fields, will further increase demand of this market, creating a lucrative opportunities for growth, for the key players of this market.
Sensor Market - By Region:
North America - U.S, Canada, Mexico
Europe - Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific - Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World - Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others
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Sensor Market - Regional Outlook and Trend Analysis:
North America held a significant share of the sensor market in 2014 due to the technological advancement and increasing application of sensor in various electronic devices. The Asia-Pacific market has not experienced any substantial growth due to lack of large scale use of sensors in various fields but can experience favorable growth in coming years owing to increasing application in the region.
Sensor Market - List of Tables:
Table 1.Sensors Market, By Type ($Billion), 2014-2022
Table 2.Optical Sensor Market, By Region ($Billion), 2014-2022
Table 3.Image Sensor Market, By Region ($Billion), 2014-2022
Table 4.Touch Sensor Market, By Region ($Billion), 2014-2022
Table 5.Presure Sensor Market, By Region ($Billion), 2014-2022
Table 6.Radar Sensor Market, By Region ($Billion), 2014-2022
Table 7.Temparature Sensor Market, By Region ($Billion), 2014-2022
Table 8.Biosensor Market, By Region ($Billion), 2014-2022
Table 9.Humidity Sensor Market, By Region ($Billion), 2014-2022
Sensor Market - List of Figures:
Figure 1.Sensors Market Share, By Type, 2016 & 2025 ($Billion)
Figure 2.Sensors Market, By Technology, 2016 & 2025 ($Billion)
Figure 3.Sensors Market, By Application, 2016 & 2025 ($Billion)
Figure 4.Sensors Market, By Region, 2016, ($Billion)
Figure 5.Analog Devices Inc.: Net Revenues, 2014-2016 ($Billion)
Figure 6.Analog Devices Inc: Net Revenue Share, By Segment, 2016
Figure 7.Analog Devices Inc: Net Revenue Share, By Geography, 2016
Figure 8.Delphi Automotive PLC: Net Revenues, 2014-2016 ($Billion)
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends.
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Sensor market based on product and application. It also provides market size and forecast till 2022 for overall Sensor market with respect to five major regions, namely; North America, Europe, Asia-Pacific, Rest of the World, which is later sub-segmented by respective countries and segments. The report evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for all five regions.
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Also, key Sensor market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered.
About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customised research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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