Global Sensors Market, By Component (Microcontrollers, Digital-to-Analog Converter (DAC), Amplifiers, Analog-to-Digital Converter (ADC), Transceivers), Type (Radar Sensor, Optical Sensor, Biosensor, Touch Sensor, Image Sensor, Pressure Sensor, Temperature Sensor, Proximity and Displacement Sensor, Level Sensor, Motion and Position Sensor, Humidity Sensor, Accelerometer and Speed Sensor, Others), Technology (CMOS, MEMS, NEMS, Others), End User (Electronics, IT and Telecom, Industrial, Automotive, Aerospace and Defense, Healthcare, Others)-Industry Trends and Forecast to 2029.
Global Sensors Market Analysis and Size
Smart cities use sensors to make them more efficient, comfortable, safe, and interactive. Furthermore, a large number of companies are engaging in smart city cooperation and partnerships. Sensors are used in practically every industry vertical, however, they are most commonly found in consumer electronics, followed by automotive and IT and telecom. Sensors such as the accelerometer, gyroscope, ambient light sensor, proximity sensor, and temperature detectors are built into smartphones to keep track of characteristics and give a centralised system for autonomous control.
- Image sensors are expected to hold a larger share in the sensors market due to the sensors being utilized in smart grids, smart homes, and intelligent transportation systems, where sensors are combined with information and communication technology to build the systems. Data Bridge Market Research analyses that the sensors market was valued at USD 199.50 billion in 2021 and is further estimated to reach USD 409.34 billion by 2029, and is expected to grow at a CAGR of 9.4% and during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2019 - 2014)
Revenue in USD Billion, Volumes in Units, Pricing in USD
Component (Microcontrollers, Digital-to-Analog Converter (DAC), Amplifiers, Analog-to-Digital Converter (ADC), Transceivers), Type (Radar Sensor, Optical Sensor, Biosensor, Touch Sensor, Image Sensor, Pressure Sensor, Temperature Sensor, Proximity and Displacement Sensor, Level Sensor, Motion and Position Sensor, Humidity Sensor, Accelerometer and Speed Sensor, Others), Technology (CMOS, MEMS, NEMS, Others), End User (Electronics, IT and Telecom, Industrial, Automotive, Aerospace and Defense, Healthcare, Others)
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Market Players Covered
Honeywell International Inc. (US), DENSO CORPORATION (Japan), OMNIVISION (US), Alpha MOS (France), AMETEK.Inc. (US), AlphaSense Inc. (US), BorgWarner Inc. (US), Figaro Engineering Inc. (Japan), Emerson Electric Co. (US), General Electric Company (US), Industrial Scientific (US), SAMSUNG (South Korea), Teledyne Monitor Labs (TML), STMicroelectronics (Switzerland), NXP Semiconductors (Netherlands), Infineon Technologies AG (Germany), Qualcomm Technologies, Inc. (US), Microchip Technology Inc. (US), Texas Instruments Incorporated (US), Bosch Sensortec GmbH (Germany), Johnson Controls (Ireland), and Sony Semiconductor Solutions Corporation (Japan).
Global Sensors Market Definition
Sensors are devices that detect events or changes in the environment and produce an output in response. They detect physical input such as light, heat, motion, wetness, pressure, or any other entity and respond by displaying the information or transmitting it in computer form for further processing.
Sensors Market Dynamics
Major factors that are expected to boost the growth of the sensors market in the forecast period are as follows:
- Increase in the requirement for sensor-rich applications
Sensor advancements that consistently provide precise and accurate measurements have been crucial in increasing demand in novel applications which will further accelerate the growth of the market.
- Rise in the usage of IIoT solutions
Industry 4.0 and the Industrial internet of things (IoT) have increased demand for diagnostics and mobile-based access, which will propel the industry forward.
- Increase in the demand miniaturized consumer devices
The sensors market is being driven by industrial automation and the desire for smaller consumer gadgets, such as wearables and IoT-connected devices, among other things, across geographies.
In addition, the growing adoption of green energy technologies and rise in the adoption in the automotive segment is further estimated to provide potential opportunities for the growth of the sensors market in the coming years.
Restraints/Challenges Global Sensors Market
On the other hand, the rise in the installation costs is further projected to impede the growth of the sensors market in the targeted period. However, the concentrated time-to-market, downscaling of camera sensor chips and product price might further challenge the growth of the sensors market in the near future.
This sensors market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the sensors market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Covid-19 Impact on Sensors Market
The pandemic of COVID-19 has had a huge impact on the sensors market. Also the electronics sector was severely impacted as production facilities was stalled, which has a significant demand in industries. The effect of COVID-19 lockdown comprises large-scale manufacturing interruption across Europe and disruption in Chinese exports, which obstructs the sensor market growth.. However, in the post-COVID scenario, sensors market is projected to be positively impacted.
- In November 2020, Qualcomm Technologies and STMicroelectronics collaborated on unique sensor solutions for next-generation mobile phones, connected PCs, the Internet of Things, and portable applications.
Global Sensors Market Scope and Market Size
The sensors market is segmented on the basis of component, type, technology and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Digital-to-Analog Converter (DAC)
- Amplifiers, Analog-to-Digital Converter (ADC)
On the basis of component, the sensors market is segmented into microcontrollers, digital-to-analog converter (DAC), amplifiers, analog-to-digital converter (ADC), and transceivers.
- Radar Sensor
- Optical Sensor
- Touch Sensor
- Image Sensor
- Pressure Sensor
- Temperature Sensor
- Proximity and Displacement Sensor
- Level Sensor
- Motion and Position Sensor
- Humidity Sensor
- Accelerometer and Speed Sensor
On the basis of type, the sensors market is segmented into radar sensor, optical sensor, biosensor, touch sensor, image sensor, pressure sensor, temperature sensor, proximity and displacement sensor, level sensor, motion and position sensor, humidity sensor, accelerometer and speed sensor and others.
On the basis of technology, the sensors market is segmented into CMOS, MEMS, NEMS and others.
- IT and Telecom
- Aerospace and Defense
On the basis of end user, the sensors market is segmented into electronics, IT and telecom, industrial, automotive, aerospace and defense, healthcare and others.
Sensors Market Regional Analysis/Insights
The sensors market is analysed and market size insights and trends are provided by country, component, type, technology and end user as referenced above.
The countries covered in the sensors market report are U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
Asia-Pacific dominates the sensors market due to the low shipment cost. Furthermore, the decrease in the manufacturing cost will further boost the growth of the sensors market in the region during the forecast period.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Sensors Market Share Analysis
The sensors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to sensors market.
Some of the major players operating in the sensors market are:
- Honeywell International Inc. (US)
- DENSO CORPORATION (Japan)
- OMNIVISION (US)
- Alpha MOS (France)
- AMETEK.Inc. (US)
- AlphaSense Inc. (US)
- BorgWarner Inc. (US)
- Figaro Engineering Inc. (Japan)
- Emerson Electric Co. (US)
- General Electric Company (US)
- Industrial Scientific (US)
- SAMSUNG (South Korea)
- Teledyne Monitor Labs (TML) (US)
- STMicroelectronics (Switzerland)
- NXP Semiconductors (Netherlands)
- Infineon Technologies AG (Germany)
- Qualcomm Technologies, Inc. (US)
- Microchip Technology Inc. (US)
- Texas Instruments Incorporated (US)
- Bosch Sensortec GmbH (Germany)
- Johnson Controls (Ireland)
- Sony Semiconductor Solutions Corporation (Japan)
Research Methodology : Global Sensors Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-sensors-market