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Global Sensor Market Report and Forecast 2023-2028
Market Report I 2023-07-26 I 173 Pages I EMR Inc.
Global Sensor Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the global sensor market reached a value of approximately USD 201.7 billion in 2022. Aided by the rapidly advancing technology and the rising applications of sensors across various industries, the market is projected to further grow at a CAGR of 7.9% between 2023 and 2028 to reach a value of USD 315.03 billion by 2028.
Sensors are critical components in a variety of devices that touch nearly every aspect of modern life. They are essential in numerous applications, including automotive, healthcare, consumer electronics, industrial, and aerospace, among others. They are instrumental in monitoring, detection, measurement, and analysis processes, thus enhancing the efficiency, safety, and convenience of various systems and equipment.
The expanding applications of sensors in different industries significantly contribute to the global sensor market growth. As industries continue to adopt advanced automation, IoT, and artificial intelligence (AI) technologies, sensors' demand is witnessing a significant surge. For instance, in the automotive industry, sensors are being widely used in self-driving and electric vehicles to enhance vehicle safety and performance. In the healthcare industry, they are used in wearable devices, health monitoring systems, and medical equipment, while in the industrial sector, sensors aid in enhancing efficiency and productivity by enabling predictive maintenance, quality control, and automation.
Moreover, the burgeoning consumer electronics industry has amplified the sensor market expansion. The growth in smartphones, wearable devices, and smart home appliances has led to an increased demand for various sensors, including accelerometers, gyroscopes, image sensors, and proximity sensors, among others. These devices rely on sensors to enable features like touch, motion detection, image capture, and environmental sensing, thus enhancing user convenience and interaction.
The global sensor market demand is also being fuelled by the rapid advancement in sensor technologies. Developments in areas like micro-electro-mechanical systems (MEMS) technology, nanotechnology, and wireless communications have enabled the production of smaller, more efficient, and more versatile sensors. This has not only broadened the scope of their applications but also improved their performance characteristics, thereby making them more attractive for various industries.
The increased focus on energy efficiency and sustainable practices across various sectors is another factor propelling the sensor market growth. Sensors play a vital role in energy management systems, helping optimise energy consumption, reduce operational costs, and lower carbon footprints. This is particularly relevant given the current global focus on sustainability and the fight against climate change.
Market Segmentation
The market can be divided based on type, technology, end user, and region.
Market Breakup by Type
- Radar Sensor
- Optical Sensor
- Biosensors
- Touch Sensors
- Image Sensor
- Pressure Sensor
- Temperature Sensor
- Proximity and Displacement Sensor
- Level Sensor
- Motion and Position Sensor
- Humidity Sensor
- Accelerometer and Speed Sensor
- Others
Market Breakup by Technology
- CMOS
- MEMS
- NEMS
- Others
Market Breakup by End User
- Electronics
- IT and Telecom
- Industrial
- Automotive
- Aerospace and Defence
- Healthcare
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global sensor companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Infineon Technologies AG
- Microchip Technology Inc.
- NXP Semiconductors N.V.
- STMicroelectronics International N.V.
- Qualcomm Incorporated
- Bosch Sensortec GmbH
- Sony Corporation
- OMRON Corporation
- Taiwan Semiconductor Manufacturing Company Limited
- Texas Instruments Incorporated
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Sensor Market Analysis
8.1 Key Industry Highlights
8.2 Global Sensor Historical Market (2018-2022)
8.3 Global Sensor Market Forecast (2023-2028)
8.4 Global Sensor Market by Type
8.4.1 Radar Sensor
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Optical Sensor
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Biosensors
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Touch Sensors
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.5 Image Sensor
8.4.5.1 Historical Trend (2018-2022)
8.4.5.2 Forecast Trend (2023-2028)
8.4.6 Pressure Sensor
8.4.6.1 Historical Trend (2018-2022)
8.4.6.2 Forecast Trend (2023-2028)
8.4.7 Temperature Sensor
8.4.7.1 Historical Trend (2018-2022)
8.4.7.2 Forecast Trend (2023-2028)
8.4.8 Proximity and Displacement Sensor
8.4.8.1 Historical Trend (2018-2022)
8.4.8.2 Forecast Trend (2023-2028)
8.4.9 Level Sensor
8.4.9.1 Historical Trend (2018-2022)
8.4.9.2 Forecast Trend (2023-2028)
8.4.10 Motion and Position Sensor
8.4.10.1 Historical Trend (2018-2022)
8.4.10.2 Forecast Trend (2023-2028)
8.4.11 Humidity Sensor
8.4.11.1 Historical Trend (2018-2022)
8.4.11.2 Forecast Trend (2023-2028)
8.4.12 Accelerometer and Speed Sensor
8.4.12.1 Historical Trend (2018-2022)
8.4.12.2 Forecast Trend (2023-2028)
8.4.13 Others
8.5 Global Sensor Market by Technology
8.5.1 CMOS
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 MEMS
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 NEMS
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Sensor Market by End User
8.6.1 Electronics
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 IT and Telecom
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Industrial
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Automotive
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Aerospace and Defence
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
8.6.6 Healthcare
8.6.6.1 Historical Trend (2018-2022)
8.6.6.2 Forecast Trend (2023-2028)
8.6.7 Others
8.7 Global Sensor Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Sensor Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Sensor Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Sensor Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Sensor Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Sensor Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Infineon Technologies AG
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Microchip Technology Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 NXP Semiconductors N.V.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 STMicroelectronics International N.V.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Qualcomm Incorporated
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Bosch Sensortec GmbH
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Sony Corporation
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 OMRON Corporation
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Taiwan Semiconductor Manufacturing Company Limited
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Texas Instruments Incorporated
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
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