Market Research Report
Opportunities and Competitive Analysis of the Sensor Market
|Opportunities and Competitive Analysis of the Sensor Market|
Published: November 1, 2021
Content info: 183 Pages
Delivery time: 1-2 business days
The future of the global sensor market looks attractive with opportunities in the industrial, healthcare, electronics, automotive, and aerospace/defense industries. The global sensor market is expected to reach an estimated $267.8 billion by 2026 with a CAGR of 12.5% from 2020 to 2026. The major drivers for this market are the growth of internet of things (IoT), increasing need of automation in various industries, and miniaturization of sensors.
Emerging trends, which have a direct impact on the dynamics of the industry, include development of new product technologies, increasing usage of sensors in ADAS application, and advances in gas sensor materials and manufacturing.
A total of 94 figures / charts and 79 tables are provided in this 183-page report to help in your business decisions. A sample figure with insights is shown below. To learn the scope of benefits, companies researched, and other details of the sensor market report, please download the report brochure.
By Product Type [$M shipment analysis from 2015 to 2026]:
By End Use Industry [$M shipment analysis from 2015 to 2026]:
By Region [$M shipment analysis for 2015 - 2026]:
Some of the sensor companies profiled in this report are Sony Corporation, STMicroelectronics, Analog Devices, Inc., ABB Ltd, NXP Semiconductors, Sensata Technologies, Texas Instruments, Robert Bosch Gmbh, and Infineon Technologies AG.
Lucintel forecast that radar sensor is expected to witness the highest growth in the forecast period supported by increasing demand for sensors in advanced driving assistance system (ADAS) applications.
Industrial will remain the largest end use industry due to increased demand for automation and control in various industries, including oil and gas, chemical, and food & beverages. Healthcare industry is expected to witness the highest growth over the forecast period due to the increasing demand for Electrocardiography (ECG) sensors in cardiac treatment.
Asia Pacific is expected to remain the largest region during the forecast period due to growth in smart city projects, wearable devices, and increasing demand for ADAS in automotive industry.
Features of the Global Sensor Market