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Sensor Market Shows Boosted Growth Rate in Forecast to 2026

08-17-2018 03:19 PM CET | Industry, Real Estate & Construction

Press release from: CMI - Semiconductors

Sensor Market

Sensor Market

Sensor is a device that detects different types of physical input such as light, heat, motion, moisture, and pressure, among others. This data transmits to an electronic device for further processing. Sensors find applications in various industries such as electronics, IT & telecommunication, automotive, and healthcare.

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Increasing demand for Internet of things (IoT) is one of the major driving factors for growth of the market

Increasing utilization of internet of things (IoT) is a major factor expected to boost growth of the global sensors market. Major benefits associated with IoT devices is tracking data in real-time, and providing more accurate data, which in turn leads to better decision making. Owing to these features, advent of IoT technology has led to increased adoption of smart devices such as smart watch, smart grid, smart homes, and smart water networks. For instance, according to the Coherent Market Insights' analysis, the total unit of smart watches sales in 2016 was US$ 36 million and it increased to US$ 76 million in 2017, globally. These systems are incorporated with different types of sensors that help in integrating several functionalities in a single chip such as seamless transfer and exchange of data. Moreover, sensors can be utilized for various applications including monitoring, security as well as intelligent lighting systems. For instance, according to the Coherent Market Insights’ analysis, the number of total IoT connected devices was around 15.4 billion in 2015 across the globally. Therefore, these devices require sensors which in turn is propelling growth of the global sensors market.

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Key Vendors of Sensor Market: STMicroelectronics N.V, NXP Semiconductors N.V., Infineon Technologies AG, Qualcomm Technologies, Inc., Atmel Corporation, Texas Instruments Inc., Robert Bosch Gmbh, Johnson Controls International Plc., Sony Corporation, and Honeywell International Inc.

Global Light Sensors Market: Taxonomy

By Product Type

Radar Sensor
Optical Sensor
Biosensor
Touch Sensor
Image Sensors
Pressure Sensors
Temperature Sensors
Proximity& Displacement Sensors
Level Sensors
Motion & Position Sensors
Humidity Sensors
Accelerometer & Speed Sensor

By Technology

CMOS (Complementary Metal-Oxide-Semiconductor)
MEMS (Micro-electro-mechanical Systems)
NEMS (Nano-electro-mechanical Systems)

By Component

ADC (Analog to Digital Converter)
Digital (Digital to Analog Converter)
Microcontroller

By Applications

Consumer Electronics
Automotive
Aerospace
Industrial
Home Automation
Healthcare
Entertainment
Security

By Region

North America
Europe
Asia Pacific
Latin America
Middle East
Africa

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About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

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