0
2021
Sensor Market

Sensor Market By Type (Radar Sensor, Optical Sensor, Biosensor, Touch Sensor, Image Sensor, Pressure Sensor, Temperature Sensor, Proximity & Displacement Sensor, Level Sensor, Motion & Position Sensor, Humidity Sensor, Accelerometer & Speed Sensor, and Others), Technology (CMOS, MEMS, NEMS, and Others), and End User (Electronics, IT & Telecom, Industrial, Automotive, Aerospace & Defense, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2028
Update Available On-Demand

A00167
Pages: 330
Apr 2021 | 76316 Views
Author(s) : N N Kundan, Asavari Patil , Vineet Kumar
Tables: 129
Charts: 104
  • Formats*:

  • SIngle User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Sensor Market

Request Now !

Sensor Market Outlook – 2028 

The global sensor market size was valued at $166.69 billion in 2019, and is projected to reach $345.77 billion by 2028, to register a CAGR of 8.9% from 2021 to 2028. Sensors are the devices that detect events or changes in environment and then provide corresponding output. They sense physical input such as light, heat, motion, moisture, pressure, or any other entity, and respond by producing an output on a display or transmit the information in electronic form for further processing. These have major applications in flood & water level monitoring systems, environmental monitoring, traffic monitoring & controlling, energy saving in artificial lighting, remote system monitoring & equipment fault diagnostics, and precision agriculture & animal tracking.

The emergence of COVID-19 pandemic significantly impacted the automotive sector.

Sensors have applications in almost every industry vertical, however, have highest usage in consumer electronic products, followed by automotive, and IT & telecom. Smartphones incorporate sensors such as accelerometer, gyroscope, ambient light sensor, proximity sensor, and temperature detectors to keep a track on parameters and provide a centralized system for automatic control.

Sensor-Market,-2021-2028

Get more information on this report : Request Sample Pages

The global sensor market is anticipated to witness significant growth during the forecast period. Factors such increase in adoption of temperature & proximity sensors in portable and advance healthcare devices and adoption of motion & position sensors in industries drive growth of the sensor market. However, scalability & reliability issues in deployment of sensors in system on chip (SoC) is a major restraint for the global market. In addition, increase in adoption of gyroscopes and accelerometers in consumer electronics, coupled with innovative applications including gesture recognition, biometrics, and motion-sensing is expected to create opportunities for the sensor industry.

Sensor Market
By Type

Your browser does not support the canvas element.

Radar Sensor segment is expected to dominate the market throughout the forecast period

Get more information on this report : Request Sample Pages

Segment Overview 

The global sensor market trends are analyzed across various segments including type, technology, end user, and region. By type, the market is categorized into radar sensor, optical sensor, biosensor, touch sensor, image sensor, pressure sensor, temperature sensor, proximity & displacement sensor, level sensor, motion & position sensor, humidity sensor, accelerometer & speed sensor, and other sensors. By technology, it is divided into CMOS, MEMS, NEMS, and others. On the basis of end user, it is categorized into electronics, IT & telecom, industrial, automotive, aerospace & defense, healthcare, and others.

Sensor Market
By Technology

Your browser does not support the canvas element.

MEMS segment is expected to secure the leading position during 2021 - 2028

Get more information on this report : Request Sample Pages

Region wise, the sensor industry is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific is expected to develop at the highest rate during the forecast period, owing to surge in automotive production, industrial automation, and growth in the electronics sector. 

Leading sensor market manufacturers such as NXP semiconductors N.V., Honeywell International Inc., and Texas instruments Inc. are focusing their investments on technologically advanced, cost-effective, and secure products and solutions for various applications. 

Sensor Market
By End User

Your browser does not support the canvas element.

Electronics segment will maintain the lead during the forecast period

Get more information on this report : Request Sample Pages

Top Impacting Factors

Prominent factors that impact the sensor market growth include increase in demand for IoT technology-based devices, rise in demand for sensors in development of smart cities, advancements in sensors, increase in use of smartphones and other electronics devices, advancements in the automation sector, and emerging applications of radar in remote sensing. However, incorporation of sensors in devices incurs extra value and reduces life of devices. On the contrary, rise in adoption of wearable devices & innovative applications in the biomedical sector and growth in the automotive sector is expected to create lucrative opportunities for the global market.

Sensor Market
By Region

2028
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific region would exhibit the highest CAGR of 9.9% during 2021 - 2028

Get more information on this report : Request Sample Pages

Competitive Analysis

Competitive analysis and profiles of major sensor market players such as Atmel Corporation, Honeywell International Inc., Infineon Technologies AG, Johnson Controls International PLC., NXP semiconductors N.V., Qualcomm Technologies Inc., Robert Bosch GmbH, Sony Corporation, STMicroelectronics, Texas instruments Inc., and TE Connectivity. These key players have adopted various strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to increase their market penetration and strengthen their foothold in the industry.

COVID-19 Impact Analysis

Outbreak of COVID-19 has significantly affected the electronics and semiconductor sector. Business and manufacturing units across various countries were closed, owing to increase in number of COVID-19 cases, and are estimated to remain closed in 2021 as well. Furthermore, partial or complete lockdown has disrupted global supply chain posing challenges for manufactures to reach customers. The overall production process is adversely affected, however, increase in demand from healthcare and automotive sectors boost growth of the market globally.

The COVID-19 pandemic is impacting the society and overall economy across the globe. The impact of this outbreak is growing day-by-day as well as affecting the overall business globally. The crisis is creating uncertainty in the stock market, leading to fall in business confidence, massive slowdown of supply chain, and increase panic among customers. 

Asian and European countries under lockdowns have suffered a major loss of business and revenue, owing to shutdown of manufacturing units in these regions. Operations of production and manufacturing industries have been heavily impacted by the outbreak of the COVID-19 disease. However, at the same time high demand from healthcare, automotive, and IT & telecom has led to increase in growth of the sensor industry in 2020.  

COVID-19 has severely impacted the electronics sector as production facilities have been stalled, which has a significant demand in industries. The effect of COVID-19 lockdown includes large-scale manufacturing interruption across Europe and interruption in Chinese parts exports, which hinders the sensor market growth. 

Key Benefits For Stakeholders

  • This study comprises analytical depiction of the global sensor market size along with the current trends and future estimations to depict imminent investment pockets.
  • The overall sensor market analysis is determined to understand the profitable trends to gain a stronger foothold. 
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The present sensor market forecast is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency. 
  • Porter’s five forces analysis illustrates the potency of the buyers and the sensor market share of key vendors.
  • The report includes the market trends and the market share of key vendors.

Key Market Segments

  • By Type
    • Radar Sensor
    • Optical Sensor
    • Biosensor
    • Touch Sensor
    • Image Sensor
    • Pressure Sensor
    • Temperature Sensor
    • Proximity & Displacement Sensor
    • Level Sensor
    • Motion & Position Sensor
    • Humidity Sensor
    • Accelerometer & Speed Sensor
    • Others
  • By Technology
    • CMOS
    • MEMS
    • NEMS
    • Others
  • By End User
    • Electronics
    • IT & Telecom
    • Industrial
    • Automotive
    • Aerospace & Defense
    • Healthcare
    • Others
  • By Region
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • U.K.
      • Germany
      • France
      • Italy
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • .India
      • South Korea
      • Rest of Asia-Pacific
    • LAMEA
      • Latin America
      • Middle East
      • Africa


Key Market Players

  • Hewlett Packard Enterprise (HPE)
  • Infineon Technologies AG
  • Microchip Technology Inc.
  • NXP Semiconductor
  • Panasonic Corporation
  • Qualcomm Technologies, Inc.
  • STMicroelectronics
  • SONY CORPORATION
  • TE Connectivity
  • .Texas Instruments
  • Taiwan Semiconductor Manufacturing Company Limited
 

Loading Table Of Content...


 
 

Sensors are devices that detect events or changes in environment and then provide corresponding output. They sense physical input such as light, heat, motion, moisture, pressure, or any other entity and respond by producing an output on a display or transmit the information in electronic form for further processing.

Asia-Pacific occupies a considerable market share in the global sensor market. This is attributed to increase in technological advancements and rise in automotive standards in developing countries such as India, China, and Indonesia. China is gearing up its resources to develop core technologies such as artificial intelligence and sensors, as a part of its broader vision to integrate AI into the manufacturing sector. China is the world’s second-largest owner of inventive patents and international scientific papers, with significant progress made in voice and image recognition. In 2018, the ministry of China unveiled a three-year plan in December to boost applications of AI in various industries. The country is focused on encouraging production and manufacturing of sensor technologies through domestic companies that specialize in high-end sensors and AI chips.

Healthcare equipment manufacturers incorporate a variety of sensors for automation. Blood pressure machine, thermometer, X-ray machine, CT scanner, and ultrasound machines used in the healthcare sector incorporate a wide range of sensors. Increase in investments in healthcare budget of developed nations, need of automated equipment to perform critical surgeries, and rise in trend of home-based digital healthcare equipment are the major factors that propel growth of the healthcare segment in the sensor market.

Major companies profiled in the report include STMicroelectronics, NXP semiconductors N.V., Infineon Technologies AG, Qualcomm Technologies, Inc., Atmel Corporation, Texas instruments Inc., Robert Bosch GmbH, Johnson Controls International PLC., Sony Corporation, and Honeywell International Inc.
 

PURCHASE OPTIONS

Start reading instantly ,This Report and over 13000+ thousand more Reports, Available with Avenue Library, T&C*

Call or Email us

U.S.-Canada
Toll-free :
+1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

 Request Sample
 
FREQUENTLY ASKED QUESTIONS?

A. The Sensor Market is estimated to grow at a CAGR of 8.9% from 2021 to 2028.

A. The Sensor Market is projected to reach $345.77 billion by 2028.

A. To get the latest version of sample report

A. Increase in demand for IoT technology-based devices, and rise in demand for sensors in development of smart cities etc. boost the Sensor market growth.

A. The key players profiled in the report include Atmel Corporation, Honeywell International Inc., Infineon Technologies AG, and many more.

A. On the basis of top growing big corporations, we select top 10 players.

A. The Sensor Market is segmented on the basis of type, technology, end user, and region.

A. The key growth strategies of Sensor market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.

A. Asia-Pacific region would grow at a highest CAGR of 9.9% during the forecast period.

A. Radar Sensor segment will dominate the market by the end of 2028.

RELATED TAGS
 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

Download Sample

OR

Purchase Full Report of
Sensor Market

Start reading instantly.
This Report and over 13,000+ thousand more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,712
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $4,125
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $6,168
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,929
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $10,663
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library Membership
  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers