PUBLISHER: TechNavio | PRODUCT CODE: 1762975
PUBLISHER: TechNavio | PRODUCT CODE: 1762975
The sensor market is forecasted to grow by USD 561.4 bn during 2024-2029, accelerating at a CAGR of 23.8% during the forecast period. The report on the sensor market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in demand for iot technology-based devices, rise in demand for sensors in development of smart cities, and increase in usage of smartphones.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 19.3% |
CAGR | 23.8% |
Incremental Value | $561.4 bn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's sensor market is segmented as below:
By Type
By Connectivity
By Environment
By End-user
By Technology
By Geographical Landscape
This study identifies the rise in adoption of wearable devices as one of the prime reasons driving the sensor market growth during the next few years. Also, implementation of automation in industrial sectors and rising applications in remote sensing will lead to sizable demand in the market.
The report on the sensor market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading sensor market vendors that include ABB Ltd., Amphenol Corp., ams OSRAM AG, Dwyer Instruments Inc., Honeywell International Inc., Infineon Technologies AG, Johnson Controls International Plc, Microchip Technology Inc., NXP Semiconductors NV, OMRON Corp., Panasonic Holdings Corp., Qualcomm Inc., Robert Bosch GmbH, Rockwell Automation Inc., Siemens AG, Sony Group Corp., Spectris Plc, STMicroelectronics NV, TE Connectivity Ltd., and Texas Instruments Inc.. Also, the sensor market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Exhibits: