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Pulished Date April, 2021
ID: 9344
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Global Sensors Market - By Sensor Type (Chemical Sensor, Temperature Sensor, Pressure Sensor, Image Sensor, Position Sensor, Bio Sensor, Flow Sensor, Level Sensor, Motion Sensor, Radar Sensor, And Others), By Application (Industrial Automation, Healthcare, Automotive & Transportation, Aerospace & Defense, Building Automation, Consumer Electronics, And Others), By Components (Analog to Digital Converter, Digital to Analog Converter, Amplifiers, and Others), By Technology (MEMS, CMOS, Optical Spectroscopy) & By Region – Industry Analysis on Size, Share, Growth, Trends & Forecast | 2021 - 2026

Pulished: April, 2021
ID: 9344
Pages: 170

Global Sensors Market Size, Share & Forecast (2021 - 2026)

The Global Sensors Market is estimated to get valued USD 287 Billion by the end of 2026, registering a CAGR of 9.5% during the forecast period of 2021 - 2026.

A sensor can be described as a device, module, machine, or subsystem which is used to detect or monitor the events or changes in its environment and to send the information to computer processors or other electronics, frequently and are always integrated with other electronics. Also, these sensors are used in everyday objects like elevator buttons with touch-sensitive (tactile sensor), and lamps which dim or brighten by touching the base, besides countless applications that are most people are unaware.

These sensors have found their way into the many platforms such as health care, agriculture, automotive, among others. It is possible, with the help of sensors, to monitor the real-time wounds, to monitor oxygen and the lactate on human skin which are similar to the microarchitecture of the skin. And with the advancements of the biosensor and the gold sensor cables attaining the same mechanics as of skin elasticity and would be an unobtrusive device to the wearer. 

Moreover, the better these sensors molds with the skin, the better the data it can monitor in the patient. Also, the advanced sensors are utilized in agriculture to determine the quality of crops. Also, there are sensors to monitor temperature which are capable of surviving extreme conditions, which are the essential factors involved in aerospace and military applications. Also, this significance of the sensors in the implementation of the 5G wireless technology and increased demand for radiation-tolerant devices is rising the need of the sensors in the international market. 

Additionally, initiatives taken by the military and government agencies to cater to them are further fuelling the target market. And in terms of the technological advancements like Internet of Things (IoT) rapidly and relentlessly to integrate in various devices such as machine tools, vehicles, street lights, wind turbines, wearables, and a seemingly infinite number of other devices which are embedded with software and connectivity is likely to be boosting the sensors market growth during the forecast period. Rise in the extensive incorporation of IoT systems in smart grids, intelligent transportation, smart homes, and smart cities is anticipated to garner the growth of the market.

Recent Developments

  • Waves MaxxAudio is planning to expand their collaboration with Qualcomm to bring enhanced technology audio to the Mobiles of Next Generation. 

  • BRIEF-STMicroelectronics is planning to acquire the significant stakes of Exagan, a gallium nitride innovator.

Drivers of Sensors Market

Low cost, chip-level integration, low power & wireless connectivity etc. and the advancements in the technology and miniaturization of devices are driving the global sensors market growth. Also, the introduction of the new semiconductor materials like polymers is enabling to lower the weight, cost, and size of electronic devices which helps to spur demand for sensor market. Also, developments of communication technologies like satellite-based personal network are anticipated to foster the demand for sensors.

High demand from the automotive industry and consumer electronics are impacting the market positively due to the numerous applications of sensors in these sectors and rising adoption of gyroscopes and accelerometers in consumer electronics, along with innovative applications like gesture recognition, motion sensing, biometrics. Moreover, the availability of the cheap labor, the prevalence of original equipment manufacturers (OEM) and low manufacturing cost has driven the sensor market positively in the emerging economies like China, India, and Brazil.

Furthermore, the factors like advancements in the sensors technologies, improvements in the automation sector, rising usage of smartphones and other electronic devices, increase in demand for sensors in development of smart cities, and the surge in the IoT technology are further fuelling the growth of the global sensor market.

Key Challenges

However, extra expenses that are incurred owing to the incorporation of the sensors in various devices and reduction of lifecycle of the tools are the challenges that are hindering the market growth. And the fluctuating global economic conditions are hampering the expansion in the global sensor business.

Growth Opportunities

But the rising adoption of the wearable devices, innovative applications in the biomedical sector, and increasing advancements in the automotive industry are creating lucrative opportunities for the rapid development of the sensor market.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2021 – 2026

Base Year

2020

Forecast Period

2021 - 2026

Segments Covered

By Type, Application, Components, Technology & Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders

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 & Honeywell International, Inc.

 

Market Segmentation of Sensors Market with evaluated size, share & growth until 2025.

Global Sensors Market - By Sensor Type 

  • Chemical Sensor
  • Temperature Sensor
  • Pressure Sensor
  • Image Sensor
  • Position Sensor
  • BioSensor
  • Flow Sensor
  • Level Sensor
  • Motion Sensor
  • Radar Sensor
  • Other Sensor

 In the type segmentation of the global sensors market, radar sensors have accounted for more than 18 percent of the overall market share. But in the forecast period, image sensors are estimated to record a high CAGR.

 Global Sensors Market - By Application

  • Industrial Automation
  • Healthcare
  • Automotive & Transportation
  • Aerospace & Defense
  • Building Automation
  • Consumer Electronics
  • Other Electronics

 In the application segmentation, the electronics industry has acquired 60 percent of the overall sensor market share. And the healthcare industry is anticipated to grow in a rapid way recording the CAGR of 12.6 percent.

 Global Sensors Market - By Components

  • Analog to Digital converter
  • Digital to Analog converter
  • Amplifiers
  • Other components

 Global Sensors Market - By Technology

  • MEMS
  • CMOS
  • Optical Spectroscopy
  • Other Technologies

Based on the technology segmentation of the target market, microelectromechanical systems (MEMS) have accounted for about 45 percent of the overall share. Moreover, nanoelectromechanical systems (NEMS) are anticipated to be one of the fastest growers during the forecast period.

Global Sensors Market - By Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

In the regional analysis, Asia-Pacific sensors market is anticipated to account for the largest share in the global business in the foreseen period. The growth of the target market in this region is attributed to the presence of emerging economies like Japan, South Korea, China, etc., where the consumption of sensors is in a surge.

Key Players of Sensors Market profiled in the ressearch report:

  1. STMicroelectronics N.V.
  2. NXP Semiconductors N.V.
  3. Infineon Technologies AG
  4. Qualcomm Technologies, Inc.
  5. Atmel Corporation
  6. Texas instruments Inc.
  7. Robert Bosch GmbH
  8. Johnson Controls International PLC
  9. Sony Corporation
  10. Honeywell International, Inc.

 

1. Introduction                                

               1.1 Market Definition                    

               1.2 Scope of the report                

               1.3 Study Assumptions                  

               1.4 Base Currency, Base Year and Forecast Periods                         

2. Research Methodology                                          

               2.1 Analysis Design                        

               2.2 Research Phases                      

                              2.2.1 Secondary Research           

                              2.2.2 Primary Research 

                              2.2.3 Data Modelling      

                              2.2.4 Expert Validation  

               2.3 Study Timeline                         

3. Report Overview                                       

               3.1 Executive Summary                

               3.2 Key Inferencees                       

4. Market Dynamics                                     

               4.1 Impact Analysis                        

                              4.1.1 Drivers      

                              4.1.2 Restaints  

                              4.1.3 Opportunities         

               4.2 Regulatory Environment                      

               4.3 Technology Timeline & Recent Trends                           

5. Competitor Benchmarking Analysis                                   

               5.1 Key Player Benchmarking                     

                              5.1.1 Market share analysis        

                              5.1.2 Products/Service   

                              5.1.3 Regional Presence

               5.2 Mergers & Acquistion Landscape                     

               5.3 Joint Ventures & Collaborations                       

6. Market Segmentation                                            

               6.1 Sensor Market, By Sensor Type                         

                              6.1.1 Chemical Sensor   

                              6.1.2 Temperature Sensor           

                              6.1.3 Pressure Sensor    

                              6.1.4 Image Sensor         

                              6.1.5 Position Sensor     

                              6.1.6 Bio Sensor              

                              6.1.7 Flow Sensor            

                              6.1.8 Level Sensor           

                              6.1.9 Motion Sensor       

                              6.1.10 Radar Sensor       

                              6.1.11 Market Size Estimations & Forecasts (2019-2024) 

                              6.1.12 Y-o-Y Growth Rate Analysis           

                              6.1.13 Market Attractiveness Index         

               6.2 Sensor Market, By Application                           

                              6.2.1 Industrial Automation        

                              6.2.2 Healthcare              

                              6.2.3 Automotive & Transportation         

                              6.2.4 Aerospace & Defense         

                              6.2.5 Building Automation           

                              6.2.6 Consumer Electronics         

                              6.2.7 Market Size Estimations & Forecasts (2019-2024)   

                              6.2.8 Y-o-Y Growth Rate Analysis              

                              6.2.9 Market Attractiveness Index           

               6.3 Sensor Market, By Components                        

                              6.3.1 Analog to Digital Converter              

                              6.3.2 Digital to Analog Converter              

                              6.3.3 Amplifiers

                              6.3.4 Market Size Estimations & Forecasts (2019-2024)   

                              6.3.5 Y-o-Y Growth Rate Analysis              

                              6.3.6 Market Attractiveness Index           

               6.4 Sensor Market, By Technology                          

                              6.4.1 MEMS       

                              6.4.2 CMOS       

                              6.4.3 Optical Spectroscopy          

                              6.4.4 Market Size Estimations & Forecasts (2019-2024)   

                              6.4.5 Y-o-Y Growth Rate Analysis              

                              6.4.6 Market Attractiveness Index           

7. Geographical Landscape                                        

               7.1 Global Identity Governance and Administration Market, by Region                   

               7.2 North America - Market Analysis (2018 - 2024)                          

                              7.2.1 By Country              

                                             7.2.1.1 USA

                                             7.2.1.2 Canada

                              7.2.2 By Sensor Type      

                              7.2.3 By Application        

                              7.2.4 By Components     

                              7.2.5 By Technology       

               7.3 Europe                        

                              7.3.1 By Country              

                                             7.3.1.1 UK

                                             7.3.1.2 France

                                             7.3.1.3 Germany

                                             7.3.1.4 Spain

                                             7.3.1.5 Italy

                                             7.3.1.6 Rest of Europe

                              7.3.2 By Sensor Type      

                              7.3.3 By Application        

                              7.3.4 By Components     

                              7.3.5 By Technology       

               7.4 Asia Pacific                 

                              7.4.1 By Country              

                                             7.4.1.1 China

                                             7.4.1.2 India

                                             7.4.1.3 Japan

                                             7.4.1.4 South Korea

                                             7.4.1.5 South East Asia

                                             7.4.1.6 Australia & NZ

                                             7.4.1.7 Rest of Asia-Pacific

                              7.4.2 By Sensor Type      

                              7.4.3 By Application        

                              7.4.4 By Components     

                              7.4.5 By Technology       

               7.5 Latin America                           

                              7.5.1 By Country              

                                             7.5.1.1 Brazil

                                             7.5.1.2 Argentina

                                             7.5.1.3 Mexico

                                             7.5.1.4 Rest of Latin America

                              7.5.2 By Sensor Type      

                              7.5.3 By Application        

                              7.5.4 By Components     

                              7.5.5 By Technology       

               7.6 Middle East and Africa                         

                              7.6.1 By Country              

                                             7.6.1.1 Middle East

                                             7.6.1.2 Africa

                              7.6.2 By Sensor Type      

                              7.6.3 By Application        

                              7.6.4 By Components     

                              7.6.5 By Technology       

8. Key Player Analysis                                   

               8.1 STMicroelectronics N.V.                       

                              8.1.1 Business Description           

                              8.1.2 Products/Service   

                              8.1.3 Financials 

                              8.1.4 SWOT Analysis       

                              8.1.5 Recent Developments        

                              8.1.6 Analyst Overview  

               8.2 NXP Semiconductors N.V.                   

               8.3 Infineon Technologies AG                    

               8.4 Qualcomm Technologies, Inc.                           

               8.5 Atmel Corporation                  

               8.6 Texas Instruments Inc.                         

               8.7 Robert Bosch GmbH               

               8.8 Johnson Controls International PLC                 

               8.9 Sony Corporation                    

               8.10 Honeywell International, Inc.                          

9. Market Outlook & Investment Opportunities                                 

Appendix                                          

               List of Tables                    

               List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • The segment-level analysis in terms of By Application, By Components By Technology, By Type and along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development

  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Sensor Market By Region, From 2021-2026 ( USD Billion )

  2. Global Sensor Market By Sensor Type, From 2021-2026 ( USD Billion )

  3. Global Chemical Sensor Market By Region, From 2021-2026 ( USD Billion )

  4. Global Temperature Sensor Market By Region, From 2021-2026 ( USD Billion )

  5. Global Pressure Sensor Market By Region, From 2021-2026 ( USD Billion )

  6. Global Image Sensor Market By Region, From 2021-2026 ( USD Billion )

  7. Global Position Sensor Market By Region, From 2021-2026 ( USD Billion )

  8. Global Bio Sensor Market By Region, From 2021-2026 ( USD Billion )

  9. Global Flow Sensor Market By Region, From 2021-2026 ( USD Billion )

  10. Global Level Sensor Market By Region, From 2021-2026 ( USD Billion )

  11. Global Motion Sensor Market By Region, From 2021-2026 ( USD Billion )

  12. Global Radar Sensor Market By Region, From 2021-2026 ( USD Billion )

  13. Global Sensor Market By Application, From 2021-2026 ( USD Billion )

  14. Global Industrial Automation Market By Region, From 2021-2026 ( USD Billion )

  15. Global Healthcare Market By Region, From 2021-2026 ( USD Billion )

  16. Global Automotive & Transportation Market By Region, From 2021-2026 ( USD Billion )

  17. Global Aerospace & Defense Market By Region, From 2021-2026 ( USD Billion )

  18. Global Building Automation Market By Region, From 2021-2026 ( USD Billion )

  19. Global Consumer Electronics Market By Region, From 2021-2026 ( USD Billion )

  20. Global Sensor Market By Components, From 2021-2026 ( USD Billion )

  21. Global Analog to Digital Converter Market By Region, From 2021-2026 ( USD Billion )

  22. Global Digital to Analog Converter Market By Region, From 2021-2026 ( USD Billion )

  23. Global Amplifiers Market By Region, From 2021-2026 ( USD Billion )

  24. Global Sensor Market By Technology, From 2021-2026 ( USD Billion )

  25. Global MEMS Market By Region, From 2021-2026 ( USD Billion )

  26. Global CMOS Market By Region, From 2021-2026 ( USD Billion )

  27. Global Optical Spectroscopy Market By Region, From 2021-2026 ( USD Billion )

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