Lucintel's latest market report analyzed that sensor provides attractive opportunities in the industrial, healthcare, consumer electronics, automotive, and aerospace/defense industries. The sensor market is expected to reach $234.7 billion by 2025 with a CAGR of 8.9%. In this market, chemical sensor is the largest segment by product type, whereas industrial is largest by end use industry. The increasing sensor content in automotive for safety and power efficiency and advancement in the gas sensor 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 chemical
sensor segment accounted for the largest share of the market in 2020 due to its
increasing usage in industrial sector for the process control and light
commercial vehicles and radar sensor is expected to witness 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
185– 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, Texas Instruments, Robert Bosch Gmbh, and Infineon
Technologies AG and others.
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the premier global management consulting and market research firm, creates
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Brandon Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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