SENSOR MARKET IS EXPECTED TO REACH $241 BILLION BY 2022, GROWING AT A CAGR OF 11.3% FROM 2016 TO 2022

Research Beam added report on “Sensor Market by Type (Radar Sensor, Optical Sensor, Biosensors, Touch Sensor, Image Sensor, Pressure Sensor, Temperature Sensor, Proximity Sensor and Displacement Sensor, Level Sensor, Motion and Position Sensor, Humidity Sensor, Accelerometer and Speed Sensor, and Others), Technology (CMOS, MEMS, NEMS, and Others), Industry Vertical (Electronics, IT & Telecommunication, Industrial, Automotive, Aerospace & Defense, Healthcare, and Others) - Global Opportunity Analysis and Industry Forecast, 2014-2022”

Global sensor market is expected to reach $241 billion by 2022, growing at a CAGR of 11.3% from 2016 to 2022. Sensor is a device that detects events or changes in its environment and then provides the corresponding output. It senses physical input such as light, heat, motion, moisture, pressure, or any other entity, and responds by producing an output on a display or transmits the information in electronic form for further processing. It detects its major applications in flood & water level monitoring system, environmental monitoring, traffic monitoring & controlling, energy saving in artificial lighting, remote system monitoring & equipment fault diagnostics, and precision agriculture & animal tracking among many more.

World sensor market is accelerated by the growing trend of real-time monitoring applications, advancements in consumer electronics, growing market of building automation, and increasing trend of Internet of Things (IoT). However, the growth in the market is affected by the high development cost of sensors. Immense growth in the automotive sector is expected to thrive the demand for sensors in the near future.

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Recent advances in ubiquitous computing, miniature devices as well as mobile, have nurtured a vivid growth of wearable technologies. Wearable biosensors systems are an emerging trend and are expected to be revolutionary in many application areas, ranging from cardiovascular monitoring to battle field monitoring and sports medicine. Furthermore, infrastructure systems such as smart grid, smart homes, smart water networks, and intelligent transportation connect our world through the concept of IoT, where there is extensive use of sensors. The entire physical infrastructure is closely coupled with information and communication technologies, where intelligent monitoring and management can be achieved via the usage of networked embedded devices having sensors.

The world sensor market is segmented on the basis of type, technology, industry vertical, and geography. Based on type, the market is divided into radar sensor, optical sensor, biosensors, touch sensor, image sensor, pressure sensor, temperature sensor, proximity sensor and displacement sensor, level sensor, motion and position sensor, humidity sensor, accelerometer and speed sensor, and others. On the basis of technology, the market comprises complementary metal–oxide–semiconductor (CMOS), microelectromechanical systems (MEMS), nanoelectromechanical systems (NEMS), and others. Furthermore, the market is categorized on the basis of industry vertical, which includes consumer electronics, IT & telecommunication, industrial, automotive, aerospace & defense, healthcare, and others. The market is analyzed on the basis of four regions, namely, North America, Europe, Asia-Pacific, and LAMEA. Key players profiled in this report 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. among others.

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POTENTIAL BENEFITS FOR STAKEHOLDERS:
This report provides an in-depth analysis of the world sensor market and provides current and future trends to identify lucrative investment pockets.
This report identifies the key drivers, opportunities, and restraints that shape the market and provide an impact analysis from 2014 to 2022.
Porter’s Five Forces analysis highlights the potency of buyers and suppliers that participate in this market. It is estimated to further provide a competitive advantage to stakeholders to make profitable business decisions; thereby, helping them to strengthen their supplier and buyer networks.
Current and future trends are outlined to determine the overall attractiveness and highlight the profitable trends to gain a stronger foothold.
Market estimation of geographical segments is derived from the current scenario and expected trends.

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