The global market for sensors was estimated at $56.3 billion in 2010. It is expected to increase to $62.8 billion in 2011 and then to nearly $91.5 billion by 2016, at a compound annual growth rate (CAGR) of 7.8%.
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SCOPE OF REPORT
The report has been prepared in a simple format that can be easily understood with a number of tables and charts/figures. The scope of the report includes a detailed study of global and regional markets for various types of sensors and their applications with an explanation of variations in the growth of the industry in each region. The market size values for 2009 and 2010 are actual market data; the values for 2011 and future years are estimated.
The analyst, Srinivasa Rajaram, is a mechanical engineer with more than 40 years of experience in designing factory layouts and setting up factories. He was also senior vice president of M/S Schenck Avery, Ltd., an Indo-German joint venture, and has authored several technology market research reports for BCC Research.