Sensor Market Growth Strategies, Opportunity, Rising Trends and Revenue Analysis 2027

Press Release

Global Sensor Market is one of the fastest evolving markets worldwide. The growth in innovative technology to enhance the utilization of resources with accurate output leads to increasing demand for the sensor installed equipment. The innovation of modern technologies in the field of automotive, electronics and information technology is expected to boost the market growth of sensors across the world. The major drivers for global sensor market are the increasing growth of internet of things (IoT), rising need of automation in different industries.

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Market Size and Forecast

Global Sensor market is expected to rise at a CAGR of 9.5%, and it is expected to cross USD 143 Billion by 2027. Increasing use of sensors in smart railways coupled with rising demand from countries such as India, China, Brazil, South Korea is anticipated to fuel the global sensor market over the forecast period. Based on type, the market is segmented into radar sensor, optical sensor, biosensor, touch sensor, image sensor, pressure sensor, temperature sensor and others. The touch sensor and image sensor dominate the market owing to factors such as innovative technology and large scale usage in electronics industry. Global sensor market is segmented on the basis of end use industry, which includes consumer electronics, IT & telecommunication, industrial, automotive, aerospace & defense and healthcare.

By region, global sensor market is segmented into North America, Asia-Pacific, Europe, Latin America, Middle East and Africa. In North America especially U.S. is anticipated to contribute maximum market share, followed by Canada. The is attributed to the increasing demand for devices such as touch sensors and image sensors owing to development of electronic industry in U.S. The other factors include enhanced government budgets for public sector undertakings and increasing personal disposable income. Asia-Pacific region is projected to be the second largest market followed by Europe. Asia-Pacific region is anticipated witness robust growth over the forecast period owing to the increasing demand from countries such as China, India and japan .Additionally, growing need for sensors in various industries, existence of huge IT sector are also anticipated to drive the global sensor market during the forecast period of 2017-2027.

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Key Players

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
Honeywell International, Inc.
Taiwan Semiconductor Manufacturing Company Limited
Panasonic Corporation
Canon Inc.
Hewlett Packard Enterprise Development LP

Market Segmentation

Our in-depth analysis segmented the Global Sensor Market in the following segments:

By type

Radar sensor
Optical sensor
Touch Sensor
Image Sensor
Pressure sensor
Temperature sensor

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By technology

Complementary Metal‐Oxide‐Semiconductor (CMOS)
Micro Electro Mechanical systems (MEMS),
Nano Electro Mechanical systems (NEMS)
By End Use Industry

consumer electronics
IT & telecommunication
aerospace & defense
By Region

Global Sensor market is further classified on the basis of region as follows:

North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

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This post was originally published on Health Opinion

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