Public Safety Sensors Market by Sensor Type (Level Sensor, Temperature Sensor, Proximity Sensor, Acoustic Wave Sensor, Pressure Sensor, Humidity Sensor, Gas Sensor, and Others) and Application (Indoor & Outdoor Gunshot Detector, Fall Detection, Flood Detection, Car Crash Detection, Infrastructure Failure Detectors and Others): Global Opportunity Analysis and Industry Forecast, 2020 - 2027

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The public safety sensors market is highly competitive, owing to strong presence of the existing vendors. Public safety sensors technology vendors, who have access to extensive technical and financial resources, are anticipated to gain a competitive edge over their rivals, as they have the capacity to cater to the global market requirements. The competitive environment in this market is expected to further intensify with increase in technological innovations, product extensions, and different strategies adopted by the key vendors.

The public safety sensors have penetrated in almost every industry vertical but have the highest usage in healthcare, followed by automotive, and residential. Wearable devices incorporate safety sensors such as accelerometer, gyroscope, pressure sensor, proximity sensor, and temperature detector among others, to keep a track on parameters, and provide a centralized system for automatic control.

The incorporation of sensors into any device increases its functionality, accuracy, and efficiency, increasing its automation. This is the reason which contributes to the high growth rate in the sensor market. The current business scenario experiences rapid development in smart infrastructure and smart devices leading to the readiness to adopt this technology, particularly in the developed and developing regions such as North America, Asia-Pacific, and Europe. Companies in this industry adopt various innovative techniques to provide customers with advanced and innovative features.

The increase in the trend of robotics in the production process is anticipated to boost the growth in the overall sensor market. There is an increase in the adoption of wearable devices for various purposes such as health trackers, heartbeat monitoring devices, and wearable fitness trackers. These devices incorporate various sensors such as a speedometer, temperature detector, and accelerometer among others.

Considering the regional trends of the sensors market, Asia-Pacific is projected to account for the largest market size. On the other hand, LAMEA is in the introductory phase in terms of adoption of sensors and is expected to grow at the highest CAGR during the forecast period.

Various leading manufacturers such as ABB Ltd, Rockwell Automation, Infineon Technologies, Sensor Industries, and Siemens AG among others occupy a prominent revenue share in the public safety sensors market.