Sensors Market - Growth, Trends, Covid-19 Impact, And Forecast (2023 - 2029)

Market Overview:

The Global Sensors Market Is Expected To Grow At A Significant Growth Rate, And The Analysis Period Is 2022-2028, Considering The Base Year As 2021.

A sensor is a device that detects input from the physical environment and responds to it. Any variety of additional environmental phenomena, including light, heat, motion, moisture, and pressure, can be employed as input. The output, in general, is a signal that is electronically transferred over a network or turned into a human-readable display at the sensor location for reading or additional processing. The computing infrastructure that analyses and responds to data gathered from sensors, bridging the gap between the physical and logical worlds, uses sensors as its eyes and ears.

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Market Dynamics

Driver:

The most common use of sensors, however, is in consumer electronics devices, followed by the automotive, IT & telecom, and then practically every industrial vertical. In order to monitor parameters and provide a centralized system for autonomous control, smartphones contain sensors as an accelerometer, gyroscope, ambient light sensor, proximity sensor, and temperature detectors.

Opportunities:

Industry 4.0 and the emergence of automation will propel market expansion. The three main characteristics that sensors offer to enable the smart industry are dependability, accuracy, and durability. Sensors can be used in early-failure detection and predictive maintenance systems for Industry 4.0, which is driving their use in automation and Industry 4.0 applications. These systems require vibration, temperature, pressure, sound, and acoustics analysis. Large-scale changes in manufacturing brought on by Industry 4.0 and the adoption of IoT demand that businesses adopt innovative, intelligent, and agile strategies to advance production with technologies that complement and augment human labour with automation and lower industrial accidents caused by process failure. There has been a rise in the number of data points generated in the manufacturing sector as a result of the widespread use of connected devices and sensors and the facilitation of M2M communication.

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The Report Will Include A Major Chapter

•Patent Analysis
•Regulatory Framework
•Technology Roadmap
•BCG Matrix
•Heat Map Analysis
•Price Trend Analysis
•Investment Analysis
•Company Profiling and Competitive Positioning
•Industry Value Chain Analysis
•Market Dynamics and Factors
•Porter's Five Forces Analysis
•Pestle Analysis

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.

Market Segmentation

By Type:

•Accelerometer & Speed Sensor
•Radar Sensor
•Touch Sensor
•Biosensors
•Others

By Technology:

•CMOS
•MEMS
•NEMS
•Others

By End Users:

•Electronics
•IT & Telecom
•Industrial
•Automotive
•Others

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Regional Analysis In the Sensors Market

Asia-Pacific dominates the market for sensors due to its low shipping prices. In addition, the decrease in manufacturing costs will boost the expansion of the sensors market in the region throughout the forecast period. With the development of Advanced Driver Assistance Systems (ADAS) in the automobile industry, the demand for automotive sensors has increased to enable accurate and precise detection of vehicles' surroundings by combining data from several sensors, including radar, cameras, and LiDAR (Light Detection and Ranging). It is anticipated that the increasing need for ADAS systems in automobiles would promote the deployment of sensors.

By Region:

•North America (U.S., Canada, Mexico)
•Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
•Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
•Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
•South America (Brazil, Argentina, Rest of SA)

Key Players For The Global Sensors Market

•Honeywell International Inc. (US)
•DENSO CORPORATION (Japan)
•OMNIVISION (US)
•Alpha MOS (France)
•AMETEK.Inc. (US)
•AlphaSense Inc. (US)
•BorgWarner Inc. (US)
•Figaro Engineering Inc. (Japan)
•Emerson Electric Co. (US)
•General Electric Company (US)
•Industrial Scientific (US)
•SAMSUNG (South Korea)
•Teledyne Monitor Labs (TML) (US)
•STMicroelectronics (Switzerland)
•NXP Semiconductors (Netherlands)
•Infineon Technologies AG (Germany)
•Qualcomm Technologies, Inc. (US)
•Microchip Technology Inc. (US)
•Texas Instruments Incorporated (US)
•Bosch Sensortec GmbH (Germany)
•Johnson Controls (Ireland)
•Sony Semiconductor Solutions Corporation (Japan), and Other Major Players.

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Key Industry Development In The Sensors Market

In September 2022, SICK launched its smart and potent WLL80 Fiber Optic Sensors of the future generation. It is designed for simple configuration and extremely flexible integration with machinery and conveyor systems in the electronics manufacturing industry, wherever rapid, precise detection in limited places is required. The SICK WLL80 fiber optic amplifier was compatible with SICK's innovative LLX line of fibers.

In June 2022, Renesas Electronic Corporation has announced the creation of sensor solutions for the Internet of Things applications. In addition to the new HS4 series of relative humidity and temperature sensors, Renesas is introducing the ZSSC3281 sensor signal conditioning (SSC) IC for highly precise data amplification, digitization, and sensor-specific correction.

Table of Content:

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2: Executive Summary

Chapter 3: Growth Opportunities By Segment
 3.1 By Solution
 3.2 By Application
 3.3 By Vertical

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Sensors Market by Solution
 5.1 Sensors Market Overview Snapshot and Growth Engine
 5.2 Sensors Market Overview
 5.3 Hardware
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Hardware: Geographic Segmentation
 5.4 Software
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Software: Geographic Segmentation

Chapter 6: Sensors Market by Application
 6.1 Sensors Market Overview Snapshot and Growth Engine
 6.2 Sensors Market Overview
 6.3 Connected Cars
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Connected Cars: Geographic Segmentation
 6.4 Smartphones
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Smartphones: Geographic Segmentation
 6.5 Laptops
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Laptops: Geographic Segmentation
 6.6 M2M
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2016-2028F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 M2M: Geographic Segmentation
 6.7 Others
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size (2016-2028F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Others: Geographic Segmentation

Chapter 7: Sensors Market by Vertical

Continued…

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