sensor market size, demand & global opportunity analysis outlook 2021

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Global Sensor Market Outlook:

Industry Insights & Opportunity Evaluation,

2015-2021


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Global Sensor Market Overview

Sensor Market is one of the fastest growing markets across the globe. Rise in

innovative technology to optimize the utilization of resources with precise output

leads to adopt the sensor installed equipment to obtain better quality. The growth

of modern technologies in the field of automotive, electronics & IT technology

would further fuel the market of sensors across the globe. In addition to that,

high gain on consumer experience, innovative ideas to transform the usage of a

particular device or equipment has allowed companies to invest with a great

confidence in the research and development programs in sectors like,

manufacturing, transport, electronics etc.

Due to vast application of sensors & growing demand for the modification of

technologies in almost every sector, a spur has been created in almost every

smart device market. Further, in the era of technological advancements to

operate tasks through remote technology would fuel the sensor market globally.

Market Segmentation

By Technology

Conventional Sensor Technologies

Electrical & Magnetic

Photoelectric & Optoelectronic

Mechanical

Sonic & Ultrasonic

Other

Advanced Sensor Technologies

Micro-electrochemical Systems (MEMS)

Smart Sensors & Smart Dust

Nano-technology

Electric Noses & Tongues

Telematics

By Type

Process Variable Sensors

Pressure Sensors

Differential & Gauge


Vacuum & Absolute

Temperature Sensors

Thermocouples

Thermistors

Resistance Temperature Detectors

Others

Flow & Level Sensors

Ultrasonic & Electromagnetic

Mass Flow

Differential Pressure

Others

Other Process Variable Sensors

Physical Property Sensors

Speed Sensors

Motion Sensors

Others

Proximity & Positioning Sensors

Chemical Property Sensors

Electrical Property Sensors

Imaging Sensors

Other Sensors & Transducers

By End-Use Industry

Industrial Automation

Biomedical & Healthcare

Consumer Electronics

Building Automation

Automotive

Aerospace & Defense

Others

By Region

Home Healthcare Device Market is further classified on the basis of region as

follows:

North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity

Analysis


Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y

growth & Opportunity Analysis

Western and Eastern Europe (U.K., Germany, France, Italy, Spain,

Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe)

Market size, Y-O-Y growth & Opportunity Analysis

Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest

of Asia) Market size, Y-O-Y growth & Opportunity Analysis

Growth Drivers and Challenges

Growth in automation industry to manufacture goods in qualitative & quantitative manner to meet the needs of the consumers would leads to use of advanced technology equipped with sensors to obtain efficient output. This in result would grow the global sensor market in the forecast period of 2016-2021.

Further, spiked demand for different types of logical controllers with installed sensors used to perform different tasks according to the requirements would escalate the sensor market across the globe.

Use of latest sensors to manufacture compatible and handy electronic devices equipped to perform various tasks is projected to open new avenues for the sensor market in future. In addition to that, expanded market of electronic devices would directly help the sensor market to reach new heights in near future.

Furthermore, development in driverless automotive & modification in existing vehicles (rain wiping sensors, parking sensors, etc.) is projected to bolster the demand of sensors across the globe, thus helping the overall global sensor market to see a bright demand during the forecast period of 2016-2021. The communication industry can’t be ignored when speaking about the broad acceptance of sensors. The modification in communication systems through satellite networking would is considered as one of the key factors that has helped and continue to help sensors market in near future. Going forward, addition of biometric devices for security purposes in various industries surely has allowed small and big players to jump into the market.

Huge initial investment and installation cost, un-deniable need of R&D for market players, expected continuous fall in the average price of sensors due to economies of scale etc. are few reasons that are expected to dampen the global sensors market in near future. Further, presence of strict governmental


regulations for quality of sensors & safety of consumers would be a huge restraint for the global sensor market.

Market size & forecast

Expanding at a CAGR of 9.2%, the Global Sensor Market is expected to cross USD 140 Billion by 2021. Further, use of sensors in smart railways in developing economies like India, China, Brazil, South Korea etc. would enable a huge demand for the existing and new players in the market.

Global Smart Railways Rail Sensors Market Size (USD Billion),

2015-2021

Source: Research Nester

In North America, U.S. market is projected to grow at a CAGR of 6% in the forecast period of 2016-2021 followed by Canada. The rising demand of touch sensors & image sensors due to advancement of electronic devices in U.S. is expected to dominate the overall sensor market in the respective country.

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2015 2016e 2017f 2018f 2019f 2020f 2021f

Market Size


Global Sensor Market (USD Million) – By Flow & Level Sensors,

Biosensors & Chemical Sensors, 2021

Source: Research Nester

On the back of factors like better GDP figures, expanded government budgets for public sector, hiked personal disposable income etc. Asia-Pacific region is projected to be the second largest contributor to global sensor market. A greater demand due to presence of emerging nations like China, India and requirements in sensing technologies in various industries, presence of huge IT sector would propel the global sensor market in the forecast period of 2016-2021.

Key Players

Analog Devices Inc.

ABB Limited

Micron Technology

ST Microelectronics

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Flow & Level Sensors Biosensors & chemical sensors

10.8%

CAGR: (2021)

6.61%

CAGR: (2015-2021)

11.5%

CAGR: (2021)


Sony Corporation

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

By Technology Market Size & Y-O-Y Growth Analysis

By Type Market Size & Y-O-Y Growth Analysis

By End-user Market Size & Y-O-Y Growth Analysis

By Regions

Global Sensor Market has been studied on countries and regions like:

North America (U.S., Canada) Market Size & Y-O-Y Growth Analysis

Latin America (Mexico, Brazil, Rest of Latin America) Market Size & Y-O-Y

Growth Analysis

Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux,

Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe)

Market Size & Y-O-Y Growth Analysis

Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand &

Rest of Asia) Market Size & Y-O-Y Growth Analysis

Middle East and North Africa (MENA) Market Size & Y-O-Y Growth

Analysis

Rest of World Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product

Portfolio

Recent Trends and Developments


Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic

environment

Recent News & Developments

September 15, 2016: The advancement of biometric fingerprinting technology takes a step ahead after the discovery of flexible finger printing technology using silicon material. It enables the task forces to lock or unlock the confidential files & devices using this technology.


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sensor market size, demand & global opportunity analysis outlook 2021

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