Press release
Sensor Market Global Leaders - Panasonic Corporation, Qualcomm Technologies, Inc., Johnson controls international PLC,
The global sensor market can be bifurcated as product type, technology, end-user, and region. Based on product type, the market is segmented into radar sensor, image sensor, optical sensor, biosensors, touch sensor, pressure sensor, temperature sensor, proximity sensor and displacement sensor, level sensor, motion and position sensor, humidity sensor, accelerometer and speed sensor others. Based on technology, the market is segmented into CMOS (Complementary metal–oxide–semiconductor), MEMS (Micro-Electro-Mechanical System) and NEMS (Nanoelectromechanical systems). The applications covered by the sensor include electronics, IT & telecommunication, industrial, automotive, aerospace & defense, healthcare. Geographically, the market is segmented into North America, Europe, Asia Pacific and Rest of the World.
Furthermore, factors such as growing demand of smartphone and electronics equipment are helps to grow the market at fast pace. However, high cost of the sensor implanted devices are the factors hampering the growth of the overall market.
The global sensor market is highly competitive. Various established international brands, domestic brands and as well as new entrants form a competitive landscape. The key players are nonstop increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. The sensor market is highly competitive due to the presence of several large vendors.
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STMicroelectronics N.V.,
Hewlett Packard Enterprise Development LP,
Panasonic Corporation,
Qualcomm Technologies, Inc.,
Johnson controls international PLC,
NXP semiconductors N.V.,
Infineon Technologies AG,
Atmel Corporation,
Texas instruments Inc.,
Robert Bosch GmbH,
Sony Corporation,
Honeywell International, Inc.,
Taiwan Semiconductor Manufacturing Company Limited,
Volkswagen and Canon Inc.
The global Sensor Market is expected to reach approximately USD 266.27 billion by the end of 2023 with 11.60% CAGR during forecast period 2017-2023.
Regional Analysis
The global sensor market is expected to grow significantly over the forecast period, 2017-2023. Sensor segment market globally drives the market majorly due to growing demand of electronic devices. Technological advancement in consumer electronics such as TV, microwave, smartphones, fitness trackers are expected to expected to grow the market in past few years.
The global sensor market segmented into four main regions such as North America, Asia-Pacific, Europe and Rest of the World. Asia Pacific region hold the largest share of the total sensor market in terms of revenue. It is due to the presence of some leading electronic devices manufacturers in the region. China is the leading smartphone manufacturer worldwide, due to which the demand of touch sensors is high in Asia Pacific. Furthermore, the automotive industry is growing at fast pace which also helps to grow the market in coming years. Asia-Pacific region is expected to grow over the forecast period. Countries such as Japan, China and India contribute largely to the overall market share.
Report Details @ https://www.marketresearchfuture.com/reports/sensor-market-4392
Intended Audience
• Device manufacturers
• Network Operators
• Mobile manufacturer
• Government Agencies
• Security Agencies
• End-user sectors
• Communication operators
• Defense
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