Top 10 Sensors Market - Trends Forecast Till 2028

Market Overview

The top 10 sensor markets were valued at USD 72.7 billion in 2021 and are expected to reach USD 101.1 billion by 2026, at a CAGR of 7.8% during the forecast period.

Sensors are the devices that detect events or changes in environment and then provide corresponding output. They sense physical input such as light, heat, motion, moisture, pressure, or any other entity, and respond by producing an output on a display or transmit the information in electronic form for further processing. These have major applications in flood & water level monitoring systems, environmental monitoring, traffic monitoring & controlling, energy saving in artificial lighting, remote system monitoring & equipment fault diagnostics, and precision agriculture & animal tracking

Increasing demand for smart devices in consumer electronics, growing importance of measuring and controlling devices in these industries, and increasing concern toward security and surveillance in these sectors are some of the factors that have supported long-term expansion for Top 10 Sensors Market.

Automotive & transportation is a major end-use industry of the industrial sensors market. Many countries, including the US, China, Japan, and South Korea, have stopped the production of automobiles due to the COVID-19 pandemic.

Regional Analysis

APAC is expected to highest CAGR during the forecast period. The top 10 sensor market in this region is projected to grow at the highest CAGR during the forecast period as well.

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• Atmel Corporation
• Honeywell International Inc.
• Infineon Technologies AG
• Johnson Controls International PLC.
• NXP semiconductors N.V.,
• Qualcomm Technologies Inc.
• Robert Bosch GmbH
• Sony Corporation
• STMicroelectronics
• Texas instruments Inc.
• TE Connectivity.

Recent Developments

• In November 2020 STMicroelectronics collaborated with Qualcomm Technologies on unique sensor solutions for next-gen mobile phone, connected PC, IoT, and wearable applications.
• In July 2020 Texas Instruments launched the industry’s first zero-drift Hall-effect current sensors. The TMCS1100 and TMCS1101 enable the lowest drift and highest accuracy over time and temperature while providing reliable 3- kVrms isolation, which is especially important for AC or DC high-voltage systems such as industrial motor drives, solar inverters, energy storage equipment, and power supply.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Top 10 Sensors Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope