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 $295 billion by 2027 with a CAGR of 11.5%. In this market, radar sensor is the largest segment by product type, whereas industrial is largest by end use industry. 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 accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to increasing demand for sensors in advanced driving assistance system (ADAS) applications.
Browse in-depth TOC on “Sensor Market”
79 – Tables
88 – Figures
186 – 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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This unique research report will enable you 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 [email protected].
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: [email protected]
Tel. 972.636.5056
Cell: 303.775.0751
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