LAS VEGAS, Oct. 18, 2017 (GLOBE NEWSWIRE) -- Sensor market is expected to experience significant growth in coming years between 2014 and 2022. The market is expected to reach $190.95 billion by 2022 at a growing CAGR of 9.14%. Increasing application in automotive application, collision prevention, healthcare monitoring and oil platforms will enhance the growth of sensor market in the upcoming years. In addition, growing application of sensors in military and surveillance, transportation and logistics will also boost the market. Moreover, increasing trends of internet of things (IoT), using sensors in smartphones and medical devices will also enhance the market growth. For instance, in 2016, Lufthansa started using IoT based strategy to develop an entirely new business mining data from their maintenance, repair and overhaul (MRO) operations and providing it to their customers. This incidence ensures steady market growth over the forecast period. Furthermore, technological advancements in consumer electronic products will further render ample opportunities for the growth of the market.
Major Key Player
STMicroelectronics
Qualcomm Technologies
Siemens Healthcare Diagnostics
Custom Sensors and Technologies Inc.
Analog Devices Inc.
Delphi Automotive PLC
Infineon Technologies AG
Omron Corp
Vishay Intertechnology Inc.
Wilcoxon Research Inc.
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The Sensors Market is segmented as follows –
Sensor Market Segmentation:
By Type
- Optical sensor
- Image Sensor
- Touch sensor
- Pressure Sensor
- Radar Sensor
- Temperature Sensor
- Biosensors
- Humidity Sensors
- Accelerometer and Speed Sensors
- Proximity Sensors and Displacement Sensors
- Level sensors
- Motion and Position Sensor
- Others
By Technology
- MEMS
- NEMS
- CMOS
- Others
By Application
- Healthcare
- IT and Telecommunication
- Industrial
- Aerospace and Defense
- Electronics
- Automotive
- Others
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Table of Contents
1. Introduction
2. Executive Summary
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Share Analysis
3.3. Market Dynamics
3.3.1. Drivers
3.3.1.1. Growing Demand for Sensors in Transportation and Logistics
3.3.1.2. Increasing Trends for Internet of Things (IoT)
3.3.1.3. Technological Advancements in Sensor-Based Devices
3.3.2. Restraints
3.3.2.1. Concerns Related to Data Security and Privacy
3.3.2.2. Interoperability Issues Among Sensor-based Devices
3.3.3. Opportunities
3.3.3.1. Development of Advanced Sensor- based Devices with Better Integration Capabilities
3.4. Key Industry Trends
3.5. Key Sensors Technologies
3.5.1. MEMS
3.5.2. CMOS
3.5.3. NEMS
4. Sensors Market, By Product
5. Sensors Market, By Application
6. Sensors Market, By Region
7. Company Profiles
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