Sensor Market Size 2018 Overview, Share, Trends, Growth Opportunities, Technology, Company Profiles, Application and Future Scope by Forecast to 2023

“Sensor Market”
Sensor Market, By Product Type (Radar sensor, Image sensor, Optical sensor, Biosensors, Proximity sensor and displacement sensor, Level sensor, and Others), By Technology (CMOS, MEMS, NEMS), By End-users (Electronics, IT & Telecommunication, Industrial, Automotive) – Forecast 2023

Market Highlights:

The global sensor market is highly competitive. Various established international brands, domestic brands and as well as new entrants form a competitive landscape. The key players are nonstop increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. The sensor market is highly competitive due to the presence of several large vendors.

Furthermore, factors such as growing demand of smartphone and electronics equipment are helps to grow the market at fast pace. However, high cost of the sensor implanted devices is the factors hampering the growth of the overall market.

By application, the healthcare application segment is expected to grow at the highest rate during the forecast period in the global sensor market. Growing demand for electrocardiography sensors in healthcare applications is one major factor boosting the market growth. According to a recent study report published by Market Research Future, the global market of Sensor is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023 with a striking CAGR during the anticipated period (2017 – 2023).

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Major Key Players

Hewlett Packard Enterprise (U.S.),

Qualcomm Technologies, Inc. (U.S.),

Johnson Controls International Plc. (U.S.),

Atmel Corporation (U.S.),

Texas instruments Inc. (U.S.),

Robert Bosch GmbH (Germany),

NXP semiconductors N.V. (Netherlands),

Infineon Technologies AG (Germany),

STMicroelectronics N.V. (Switzerland),

Panasonic Corporation (Japan),

Sony Corporation (Japan), Honeywell International, Inc. (U.S.), Taiwan Semiconductor Manufacturing Company Limited (Taiwan), Volkswagen AG (Germany) and Canon Inc. (Japan) among others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Sensor Market.

According to MRFR, The global Sensor Market is expected to reach approximately USD 266.27 billion by the end of 2023 with 11.60% CAGR during forecast period 2017-2023.

Segmentation

The sensor market can be classified into 4 key segments for the convenience of the report and enhanced understanding;

Segmentation by Product Type: Analog Sensor, Digital Sensor, Radar sensor, Image sensor, Optical sensor, Biosensors, Touch sensor, Pressure sensor, Temperature sensor, Proximity sensor and displacement sensor, Level sensor, Motion & Position Sensor, Humidity Sensor, Accelerometer and Speed Sensor and Others

Segmentation by Technology: CMOS (Complementary metal–oxide–semiconductor), MEMS (Micro-Electro-Mechanical System) and NEMS (Nano Electromechanical systems)

Segmentation by End User: Electronics, IT & Telecommunication, Industrial, Automotive, Aerospace & Defense, and Healthcare among others

Segmentation by Region: North America, Europe, Asia Pacific and Rest of the World.

Regional Analysis

Asia Pacific is expected to witness a significant growth and hold the largest market share during the forecast period. China, Japan and India are anticipated to drive the growth of the sensor market in Asia Pacific owing to the presence of a large number of established key players such as Panasonic Corporation, Sony Corporation, Taiwan Semiconductor Manufacturing Company Limited, and Canon Inc. among others. Also, advancements in technology and increasing adoption of smartphones is responsible for driving the growth of global sensor market in the region.

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Intended Audience

  • Device manufacturers
  • Network Operators
  • Mobile manufacturer
  • Government Agencies
  • Security Agencies
  • End-user sectors
  • Communication operators
  • Defense

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