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Sensor Market to Reach $241 Billion, Globally by 2022

Sensor Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $241 billion by 2022, registering a CAGR of 11.3% during the period 2016-2022. <br><br>Get PDF Brochure : https://goo.gl/sWJPyL

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Sensor Market to Reach $241 Billion, Globally by 2022

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  1. Sensor Market Opportunities and Forecasts, 2014 - 2022

  2. Introduction • Sensor is a device that detects, measures or indicates any specific physical quantity such as light, heat, motion, moisture, pressure, or similar entities, by converting them into any other form which is mostly, electrical pulses. • The demand for sensors is globally expected to rise during the forecast period due to growing trend of internet of things (IoT), advances in consumer electronic products, advancement in sensors and its increasing usage in smartphones, and robust demand in automation industry.

  3. Current and Future Market Scenario • Radar sensor dominated the market in 2015 with over 18% of market share witnessing the growth rate of 9.9%. • Image sensor is the fastest growing segment in the overall sensor market by type at present. • Among the technologies, MEMS technology held over 45% of the market in 2015 and is anticipated to lead the market throughout the forecast period.

  4. Current and Future Market Scenario • NEMS is estimated to display the highest growth rate of 14.2%, owing to its technological superiority such as smaller size, high precision and low power consumption of the sensors. • Electronics industry constituted over 60% of overall sensor market in 2015 which is the largest share among all the industry verticals.

  5. Factors Contributing Market Growth • Electronics industry contributed over 60% of the overall sensor market in 2015. The manufacturers of consumer electronic appliances are incorporating more sensors in their devices to maintain a competitive advantage. • Healthcare is expected to grow fastest growing at a CAGR of 12.6% during the forecast period, owing to advances in sensors that can increase the intelligence of medical equipment, such as life-supporting implants, and can enable remote monitoring of vital signs & other health factors.

  6. Factors Impacting Sensors Market

  7. Sensor Market Segment

  8. Sensor Market Segment Overview

  9. Region Overview • Asia-Pacific dominated the global market and contributed over 45% of the overall market, owing to improved electronics industry infrastructure and increase in demand for electronic products such as smartphones, handheld devices, PCs, laptops, and others. • North America and Europe are the second and third leading regions in sensor market, and are expected to witness slow growth owing to mature electronics and IT & telecommunication industry.

  10. Leading Players • The major players profiled in this report include – • STMicroelectronics N.V. • NXP semiconductors N.V. • Infineon Technologies AG • Qualcomm Technologies, Inc. • Atmel Corporation, Texas instruments Inc. • Robert Bosch GmbH • Johnson controls international PLC • Sony Corporation • Honeywell International, Inc.

  11. Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/sensor-market Follow Us On

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