Sensors Market Size and Shares, Industry Research Report | STMicroelectronics N.V., NXP semiconductors N.V., Infineon Technologies AG, Qualcomm Technologies, Inc., Atmel Corporation., Texas instruments Inc., Robert Bosch GmbH, Johnson controls internation

A recent report published by QMI on sensor market is a detailed assessment of the most important market dynamics. After carrying out thorough research of sensor market historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for sensor during the forecast period. It can enable manufacturers of sensor to change their production and marketing strategies in order to envisage maximum growth.

Sensor integration in systems adds additional value and decreases device life is expected to drive the growth of sensors market during the forecast period. In almost every vertical sector, the sensors have penetrated, but have the greatest use in consumer electronic goods, followed by automotive and IT & telecom. Smartphones incorporate sensors such as accelerometer, gyroscope, ambient light sensor, proximity sensor, and temperature detector to keep track of parameters and provide automatic control with a centralized system.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1) STMicroelectronics N.V.
2) NXP semiconductors N.V.
3) Infineon Technologies AG
4) Qualcomm Technologies, Inc.
5) Atmel Corporation.
6) Texas instruments Inc.
7) Robert Bosch GmbH
8) Johnson controls international PLC
9) Sony Corporation
10) Honeywell International, Inc.

Segmentation for better understanding of this market and its growth prospects:

It is presumed that radar sensors hold a substantial share of the general sensor market. Image sensors are anticipated to see the greatest development in the industry in the coming years.

It is anticipated that the market segmented on the grounds of nanoelectromechanical systems (NEMS) will be the fastest growers, and that MEMS technology will also be a significant component of the technology segment.

It is estimated that the healthcare sector will develop at a significant pace due to variables such as technological advances in smart sensor systems that give medical devices and equipment innovative and additional characteristics.

Factors that will have a significant impact on the market growth are:

o Expansion in the automotive industry
o Increased demand for sensors in smart city development
o Sensor integration in systems adds additional value and decreases device life
o Advances in consumer electronics

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Insights about regional distribution of market:

The market has been segmented in major regions to understand the global development and demand patterns of this market.

For sensor market, the segments by region are for North America, Asia Pacific, Western Europe, Eastern Europe, Middle East, and Rest of the World. During the forecast period, North America, Asia Pacific and Western Europe are expected to be major regions on the sensor market.

North America and Western Europe have been one of the key regions with technological advancements in ICT, electronics & semiconductor sector. Factors like the use of advanced technology and presence of global companies to cater the potential end users are favourable for the growth of sensor market. Also, most of the leading companies have headquarters in these regions.

Asia Pacific is estimated to be one of the fastest growing markets for sensor market. Major countries in the Asia Pacific region are China, Japan, South Korea, India and Australia. These economies in the APAC region are major contributors in the ICT, electronics & semiconductor sector. In addition to this, government initiatives to promote technological advancement in this region are also one of the key factors to the growth of sensor market. Middle East and rest of the World are estimated to be emerging regions for sensor market.

Market Segmentation:

By Type:
o Radar Sensor
o Optical Sensor
o Biosensor
o Touch Sensor
o Image Sensor
o Pressure Sensor
o Temperature Sensor
o Proximity & Displacement Sensor
o Level Sensor
o Motion & Position Sensor
o Accelerometer & Speed Sensor
o Others

By Technology:
o CMOS
o MEMS
o NEMS
o Others

By End User:
o Electronics
o IT & Telecom
o Industrial
o Automotive
o Aerospace & Defense
o Healthcare, and Others

By Region:

North America
o By Country (US, Canada, Mexico)
o By Type
o By Technology
o By End-User

Western Europe
o By Country (Germany, UK, France, Spain, Rest of Western Europe)
o By Type
o By Technology
o By End-User

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Type
o By Technology
o By End-User

Asia Pacific
o By Country (China, Japan, India, Rest of Asia Pacific)
o By Type
o By Technology
o By End-User

Middle East
o By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
o By Type
o By Technology
o By End-User

Rest of the World
o By Region (Latin America, Brazil, Rest of the World)
o By Type
o By Technology
o By End-User

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This release was published on openPR.