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Sensor Market Outlook with Worldwide Top Players Revenue Analysis of STMicroelectronics, NXP Semiconductors, Infineon Technologies, Honeywell International And Qualcomm Technologies
Sensor
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Increasing utilization of internet of things (IoT) is a major factor expected to boost growth of the global sensors market. 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.
Increasing demand for sensors in smartphones another key factor supporting growth of the global sensors market
Smartphone are incorporated with different types of sensors such as gyroscope, proximity sensors, motion sensors, ambient light sensor, proximity, biometric sensors, and temperature detector that are used to measure motion, orientation, and various environmental conditions. These sensors are capable of providing data with high precision and accuracy, which in turn aids in automatic control. Smartphone manufacturing companies have increased the number of sensors in their devices to enhance the overall user interface experience, which is expected to aid in growth of the market. For instance, in September 2017, Apple launched iPhoneX with the FaceID unlock features. The company has incorporated four sensors, which in turn provides accurate facial recognition in any lighting conditions. Hence, these factors are accelerating the global sensors market growth.
Global Sensor Market: Regional Insights
North America accounted for largest market share in global sensors market in 2017 and is expected to retain its dominance during the forecasted period. This is one of the factors help in propelling growth of the market in this region. For instance, according to the Coherent Market Insights' analysis, in the U.S., around 60% of the healthcare industry have used IoT in 2017 for diagnosis and monitoring of the patient health.
Global Sensor Market: Competitive Landscape
Key players operating in the global sensor market are 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.
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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 Applications
- Consumer Electronics
- Automotive
- Aerospace
- Industrial
- Home Automation
- Healthcare
- Entertainment
- Security
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
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.
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