Lucintel's latest market report analyzed that sensor provides attractive opportunities in the industrial, healthcare, electronics, automotive, and aerospace/defense industries. The sensor market is expected to reach $267.8 billion by 2026 with a CAGR of 12.5%. In this market, radar sensor is the largest segment by product type, whereas industrial is largest by end use industry. The development of new product technologies, increasing usage of sensors in ADAS application, and advances in gas sensor materials and manufacturing provides strategic growth path in this market.
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Based on product type, the sensor market is segmented into chemical sensor,
temperature sensor, pressure sensor, image sensor, position sensor, bio sensor,
flow sensor, level sensor, motion sensor, radar sensor, and others. The radar
sensor segment is expected to register the highest CAGR during the forecast
period supported by increasing demand for sensors in advanced driving
assistance system (ADAS) applications.
Browse in-depth TOC on “Sensor
Market”
79 – Tables
94 – Figures
183 – Pages
The sensor market is
marked by the presence of several big and small players. Some of the prominent
players offering sensor include Sony Corporation, STMicroelectronics, Analog
Devices, Inc., ABB Ltd, NXP Semiconductors, Sensata Technologies, Texas
Instruments, Robert Bosch Gmbh, and Infineon Technologies AG.
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to make confident business decisions in this globally competitive marketplace. For
a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on
this link helpdesk@lucintel.com.
About Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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