Report Highlights
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.
Report Includes
- 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.
Report Scope
The report has been prepared in a clear, easily understandable format with a number of tables and charts/figures. The scope of the report includes a detailed study of global and regional markets for various types of sensors and their applications including the rationale given for variations in the growth of the industry in certain regions.
This report covers only conventional sensors, such as pressure, temperature, level, flow and position sensors, and does not cover unconventional types of sensors, such as pointing sensors (e.g., touch screens and touch-pads, barcode readers and RFID readers for identification purposes, remote-readout and intelligent power meters, gas and water meters and remote-readout heat meters).
Analyst Credentials
The analyst who compiled this report, Srinivasa Rajaram, is a mechanical engineer with more than 40 years of experience in designing factory layouts and setting up factories. He has established factories for the production of weighing machines and dynamic balancing machines in India and has experience in the design, production and servicing of that equipment. He was senior vice president of M/S Schenck Avery Ltd., an Indo-German joint venture, and established the electronics department for manufacturing various types of electronic weighing and dynamic balancing equipment. He has authored several technology market research reports for BCC Research.
Report Highlights
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.
Report Includes
- 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.
Report Highlights
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%.
Report Highlights
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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.
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Average annual growth is expected to be somewhat higher through 2006 and then fall off somewhat through the remainder of the period.
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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.
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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.
Report Highlights
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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.
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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.
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These technologies will make up the largest market segment in 2006, rising from their current number two position.
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Older, mature passive, active and electromechanical sensor technologies will grow at more subdued AAGRs of 5.5%, 4.3% and 5.1%, respectively.
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