Sensors: Technologies and Global Markets
The global market for sensors is estimated to grow from $156.6 billion in 2021 to reach $249.6 billion by 2026 at a compound annual growth rate (CAGR) of 9.8% during the forecast period of 2021-2026.
- 132 tables
- An up-to-date review and analysis of the global market for sensors technologies
- Analyses of the global market trends, with historic data from 2020 and 2021, estimates for 2022 and 2024, and projections of compound annual growth rates (CAGRs) through 2026
- Evaluation and forecast the global sensors market size in dollar value terms, projected growth rate, and corresponding market share analysis by technology, application, end use industry, and region
- Latest information on major market dynamics (DROs), technology advancements, industry structure, regulatory scenario, and other significant factors affecting the sensors applications market growth
- Understand the upcoming market opportunities and areas of focus to forecasting the market into various segments
- Insight into the impact of the COVID-19 pandemic on the sensors industry
- Review of patents and new developments in the sensors industry, and number of U.S. patent grants for innovations in sensor technologies across each major category
- Details of recent industry strategies such as key M&A deals, agreements, collaborations and joint ventures within sensors industry
- Competitive landscape of the key industry participants operating within the global sensors market, and their company share analysis
- Profile descriptions of the leading industry players, including Accel AB, ams AG, Delphi Automotive PLC, Endress+Hauser, Hitachi Automotive Systems, Honeywell Sensing and Controls, Mitsubishi Electric Corp., NXP Semiconductors, Omron Corp., Robert Bosch GmbH, Rockwell Automation Inc., STMicroelectronics and Texas Instruments Inc.
This report provides an overview of the global market for sensor technologies and analyzes market trends. Using 2020 as the base year, the report provides estimated market data for the forecast period, from 2021 to 2026. Revenue forecasts for this period are segmented based on type, application and geography.
The report also focuses on the major driving trends and challenges that affect the market and the vendor landscape. This report explains the competitive landscape and current trends in the sensors market, concluding with an analysis of the vendor landscape and including detailed profiles of major players in the global sensor market.
BCC Publishing Staff comprises expert analysts who are skilled in conducting primary research, secondary research and data analysis and have decades of combined experience covering a wide range of industries, including healthcare, advanced materials and emerging technologies. Collectively, the team represents a diverse set of educational achievements with individual graduate work completed in fields such as microbiology, electrical engineering, business administration and surgery, among others.
The global market for sensors was valued at $79.5 billion in 2013 and is expected to increase to $86.3 billion in 2014, $95.3 billion in 2015, and to nearly $154.4 billion by 2020, a compound annual growth rate (CAGR) of 10.1% over the five-year period from 2015 through 2020.
- An overview of the global market for sensors in various applications, including biosensors, chemical sensors, image sensors, flow sensors, and level sensors.
- Analyses of global market trends, with data from 2013-2015, and projections of compound annual growth rates (CAGRs) through 2020.
- Explanations of the role of sensors in various applications, the technology and innovation behind sensor development and production, and major market trends both in terms of region and application sector.
- Comprehensive company profiles of major players.
The global market for sensors by type reached $68.2 billion in 2012 and is expected to reach $79.5 billion in 2014. The market is expected to rise at a CAGR of 7.9% and reach $116.1 billion by 2019.
- An overview of the global market for sensors in various applications, including biosensors, chemical sensors, image sensors, flow sensors, and level sensors
- Analyses of global market trends, with data from 2012, estimates for 2014, and projections of compound annual growth rates (CAGRs) through 2019
- Explanations of the role of sensors in various applications, the technology and innovation behind sensor development and production, and major market trends both in terms of region and application sector
- Evaluations of new developments in the sensors industry with respect to continuous improvements in environmental performance
- Comprehensive company profiles of major players.
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%.
The overall U.S. industrial sensor market will rise at an average annual growth rate (AAGR) of 4.6%, from $6.1 billion in 2004 to $7.6 billion in 2009.
Average annual growth is expected to be somewhat higher through 2006 and then fall off somewhat through the remainder of the period.
Strongest growth arises from the semiconductor industry and further integration of microelectromechanical systems, all of which are expected to grow at an average annual rate of 7.6%, reaching $2.5 billion by 2009.
The rapid pace of growth is attributed to competitive pressures in process industries for improved performance, and to new sensor technologies that are experiencing tremendous success.
U.S. sales of industrial sensors will rise at an average annual growth rate (AAGR) of 6.2% from $5 billion in 2001 to $6.78 billion by 2006.
Strongest growth comes from developments in the semiconductor industry and the successful integration of micro-electromechanical systems (MEMS). These devices are expected to grow at an AAGR of 9.4% to $2.11 billion by 2006.
These technologies will make up the largest market segment in 2006, rising from their current number two position.
Older, mature passive, active and electromechanical sensor technologies will grow at more subdued AAGRs of 5.5%, 4.3% and 5.1%, respectively.