Sensor Market - Size, Share, Outlook, and Opportunity Analysis, 2018-2026

Posted by theadvacetechnology on April 26th, 2019

Sensor is a device that detects different types of physical input such as light, heat, motion, moisture, and pressure, among others. This data transmits to an electronic device for further processing. Sensors find applications in various industries such as electronics, IT & telecommunication, automotive, and healthcare. 

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Global Sensor Market: Regional Insights

North America accounted for largest market share in global sensors market in 2017 and is expected to retain its dominance during the forecasted period. This is owing increasing usage of IoT devices in various verticals such as automotive, healthcare, agriculture, and others. This is one of the factors help in propelling growth of the market in this region. For instance, according to the Coherent Market Insights' analysis, in the U.S., around 60% of the healthcare industry have used IoT in 2017 for diagnosis and monitoring of the patient health. IoT devices in the healthcare sector helps in cost reduction, as healthcare specialists can take advantage of remote health monitoring, without the patient being present in the hospital. Additionally, advancement in wearable health gadgets such as the Apple iWatch is playing a pivotal role in monitoring individual’s health. Therefore, increasing usage of IoT, which is further expected to propel the growth of the sensors market in this particular region.

Global Sensor Market: Competitive Landscape

Key players operating in the global sensor market are 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, and Honeywell International Inc.

Global Light Sensors Market: Taxonomy

By Product Type

• Radar Sensor

• Optical Sensor

• Biosensor

• Touch Sensor

• Image Sensors

• Pressure Sensors

• Temperature Sensors

• Proximity& Displacement Sensors

• Level Sensors

• Motion & Position Sensors

• Humidity Sensors

• Accelerometer & Speed Sensor

By Technology

• CMOS (Complementary Metal-Oxide-Semiconductor)

• MEMS (Micro-electro-mechanical Systems)

• NEMS (Nano-electro-mechanical Systems)

By Component

• ADC (Analog to Digital Converter)

• Digital (Digital to Analog Converter)

• Microcontroller

By Applications

• Consumer Electronics

• Automotive

• Aerospace

• Industrial

• Home Automation

• Healthcare

• Entertainment

• Security

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