1. Market Research
  2. > Manufacturing
  3. > Electronic Component Market Trends
Sensors: Technologies and Markets to 2023

Sensors: Technologies and Markets to 2023

  • June 2018
  • 478 pages
  • ID: 5437229
  • Format: PDF
  • By BCC Research

Summary

Table of Contents

Report Scope
The scope of the report includes a detailed study of global and regional markets for various types of sensors and their applications, including an explanation of variations in industry growth by region.This report covers only conventional sensors such as pressure, temperature, level, flow and position sensors, and excludes unconventional sensors such as pointing sensors used in touch screens and touch-pads, barcode readers and radio frequency identification (RFID) readers; remote readout and intelligent power meters; gas and water meters; and remote readout heat meters.

Estimated values used are based on manufacturers’ total revenues. Projected and forecasted revenue values are in constant U.S. dollars, unadjusted for inflation.

Report Includes
- 127 tables
- A detailed overview and industry analysis of the global markets for sensors within the industry
- Analyses of global market trends with data from 2017, estimates for 2018, and projections of compound annual growth rates (CAGRs) through 2023
- Segmentation of the global market by various types, end-uses, application industries, and geographical regions
- Country specific data and analysis for U.S., Canada, Mexico, Germany, France, Italy, Russia, China, India, Japan, Brazil, South Africa and Middle Eastern Countries
- Underlying factors influencing the global sensors market such as drivers, restraints, technological advancements, current and future trends, and regulatory developments
- Analyze the broad applications of sensors and the markets for such applications, with a special emphasis on new products being developed and the markets for these products
- A relevant patent analysis with an assessment of technological and competitive landscape in which an organization operates
- Information about new developments taking place in the sensor industry regarding continuous improvements in environmental performance
- Company profiles of major players in the market including Analog Devices Inc., Delphi Automotive PLC, Hitachi Automotive Systems, Honeywell Sensing & Controls, NXP Semiconductors, Robert Bosch GmbH, and Texas Instruments Inc.

Summary
Sensors have become indispensable in many industries because they provide vital information about parameters that include temperature, position, chemistry, pressure, force and load, and flow and level, and thus affect products, processes and systems.As technological advances in electronic control systems increase the efficiency of sensors, users are calling for advances in sensor accuracy, reliability, response time, robustness, miniaturization and communication capability.

The sensor industry is robust and is expected to experience sound growth during the five-year forecast period.

Advances in micromachining have made it possible to produce micron-sized devices on a silicon wafer — a process that is very attractive for large-volume applications using mass production processes. This technology is particularly important in the sensor market since silicon has been shown as a very good material for use in sensors.

In the near future, the manufacturing costs and power consumption of wireless sensors will decrease, and wireless sensors will be fully integrated into wireless networks, replacing hardwired configurations.A broad spectrum of wireless communications hardware and software is already available, and the communication industry is the largest consumer of this technology, primarily in mobile phones and base stations.

Fiber optic sensors will also play a role in networks and communications.

Magnetic field sensors will play a role in magnetic storage media and customer terminals.Photodetectors for local area networks (LANs) will also see growth in regional, municipal and longdistance network applications.

Nanotechnology, which involves manipulating and harnessing chemical reactions and molecular processes of living cells in designs aimed at specific technological functions, will experience strong growth within the sensor market, especially for chemical detection.

Among the industrial sensor segments, pressure, force and load, and level sensors will experience strong growth.Image sensors will experience the highest growth because of their increased use in smartphones and many other portable devices.

Biosensors and chemical sensors will also experience growth in the wake of terrorist threats to key industrial facilities such as chemical plants and due to increased use in medical applications.

Small companies account for the majority of companies within the sensor manufacturing business.Most companies pursue a focused strategy, but competitive and technological pressures are leading to consolidation and increasing concentration.

However, the semiconductor industry is attempting to recapture its intensive capital investment by developing sensor solutions to address large-scale highvolume consumer-related applications.This will allow specialized industrial sensor manufacturers time to develop strategies for dealing with the competition.

There are also opportunities for new entrants into the business, especially in MEMS. Further, companies with valuable intellectual property and strong customer bases make attractive acquisition candidates.

Since the publication of the previous version of this report, the CAGR five-year forecast has increased to REDACTED from REDACTED. The growth rate has increased mainly due to increased use of various types of sensors in Internet of Things (IoT) and Industrial Internet of Things (IIoT) applications, increased use of image sensors in various applications like cameras, increased use of fingerprint sensors for various purposes and sudden increase in the use of chemical sensors for many new applications. The global market for sensors, valued at nearly REDACTED in 2017, is expected to increase to more than REDACTED in 2018 and to more than REDACTED in 2023, for a compound annual growth rate (CAGR) of
REDACTED over the five-year period from 2018 through 2023.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2018

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on