The global pressure transmitter market revenue was $2,904.0 million in 2021, and it is expected to reach $4,168.7 million by 2030, at a CAGR of around 4.1% during 2021–2030.
The IoT microcontroller market size was estimated at $4,836.9 million in 2021, and it is expected to grow at a CAGR of 12.4% during 2021–2030.
The global electric vehicle charging cables market generated around $250 million revenue in 2020, and it is expected to grow significantly during the forecast period (2021–2030).
From $3.8 billion in 2019, the global fingerprint sensors market value is expected to advance at a CAGR of 13.6% during 2020–2030. The key reason behind the increasing sale of such instruments is the rising demand for them in the government sector and consumer electronics.
Magnetic sensors are used to measure and monitor changes and disturbances in a magnetic field, such as direction, flux, and strength. These sensors provide an edge in terms of contactless and wear-free measurements of numerous mechanical quantities, such as the angle of rotation and angular speed.
Tactile sensors are data acquisition devices that are based on human haptic touch technology. It is designed to measure force between two surfaces or objects. Rising demand in the consumer electronics products market, increasing adoption of automation and robotics in commercial and industrial electronic systems across end-use industries, and increasing technological developments that result in improvements of sensor features are some key factors driving the global tactile sensor market.
From $6.9 billion in 2019, the global temperature sensor market is predicted to grow to $11.1 billion in 2030, witnessing a CAGR of 4.4% during the forecast period (2020–2030). The market is advancing owing to the increasing smartphone sales and rising demand for such devices from the automotive industry.
The growing consumer electronics industry across the globe creates a lucrative opportunity for the global optical sensor market growth, owing to the rising demand for tablets, smartphones, voice assistant devices, and smartwatches.
The ultrasonic sensor market size was $4.1 billion in 2019, and it is expected to reach $12.1 billion by 2030, while progressing at a CAGR of 10.2% during 2020–2030
Valued at $1,456.2 million in 2019, the global light sensor market is predicted to witness a CAGR of 9.5% during the forecast period (2020–2030). The major factors driving the growth of the industry are the expansion of the automotive sector and rising demand for consumer electronics.
Factors including the rapid industrial automation, growing demand for home appliances, increasing government initiatives for developing smart cities, and rising demand for sensors from the automotive industry are pushing the growth of the global wireless sensor network market.
In 2019, the motion sensor market value stood at $4,430.7 million, and it will witness a CAGR of 5.1% during 2020–2030, to reach $7,590.8 million by 2030.
The global vision sensor market is predicted to register a CAGR of 12.7% during the forecast period (2020–2030), reaching $9.2 billion by 2030 from $2.5 billion in 2019.
Valuing $9.1 billion in 2018, the position sensor market is expected to advance at a 7.7% CAGR between 2019 and 2024.
The major trend being witnessed in the global fiber laser market is the increased investment in the development of fiber laser manufacturing plants. Owing to the increasing demand for fiber laser, a large number of companies engaged in the production of the product are pouring in fresh investments.
The global parking sensors market is registering significant growth due to growing automotive industry and government regulations in various countries for adopting advanced safety standards in vehicles to reduce accidents and easy identification of vacant parking spaces.
The 3D printing market revenue stood at $8.5 billion in 2017, and it is expected to reach $31.8 million by 2023, registering a CAGR of 24.6% during 2018–2023.
The image sensors market revenue stood at $15,934.8 million in 2017, and it is expected to exhibit a CAGR of 6.2% during 2018–2023. The mushrooming demand for enhanced medical imaging solutions and surging penetration of image sensing devices in the automotive industry are the major growth drivers for the market.
The global navigation satellite system (GNSS) chip market generated revenue of $3,309.0 million in 2016 and is expected to register a 7.3% CAGR during the forecast period (2017–2023).
The global distributed fiber optic sensor market is projected to grow at a CAGR of 15.0% during the forecast period, reaching $1,970.1 million by 2023.
The global internet of things (IoT) chip market is expected to register a CAGR of 15.1% during the forecast period (2017–2023) and reach $17,285.3 million by 2023.
IoT is proving to be a rising technology and is being rapidly adopted worldwide. IoT gateways are being considered as a fundamental element for carrying traditional and next generation devices to the Internet of Things. IoT gateways execute several functions, including protocol translation, device connectivity, data filtering, and security. Soaring demand for IoT enabled devices and personalized technologies are the major factors propelling the growth of the global IoT gateways market.
Neuromorphic computing is an amalgamation of Very-Large-Scale-Integrated (VLSI) systems and software. These chips are named as neuromorphic chips because they are modeled on biological brains and constructed out of millions of neurons. Size of these chips is small enough to be comfortably placed inside electronic devices and human body. The requirement for neuromorphic chip surges with the rising need for Internet of Things (IoT) and data
Internet of Things (IoT) is internetworking of physical and virtual objects, which enables physical and virtual devices to relate to each other through cloud technology, to exchange data and information. Internet of Things devices are furnished with sensors that identify and acknowledge several types of input, including sound, pressure, position and motion, temperature and light from the physical environment. Miniaturization of devices and development of
The increasing focus on core business activities and reduced shipping cost is expected to drive the third part logistics (3PL) market during the forecast periods. The increasing freight rates are likely to fuel shipping companies towards innovating new opportunities to pull the cost out of the supply chain. 3PL service aims at providing optimized cost of transportation by providing efficient and timely supply chain solutions. The development of e-commerce along
The global cryogenic equipment market is expected to witness considerable growth during the forecast period due to the increasing demand across power & energy sectors, coupled with rapid industrialization. The factors such as increasing utilization and distribution of industrial gases, favorable government initiatives, and recent growth in Liquefied Natural Gas (LNG) market are expected to boost the growth of the market during the forecast period.
The global smart sensor market is expected to witness high growth during the forecast period due to increasing demand in the automotive and consumer electronics industries.
The global cold chain radio frequency identification (RFID) market generated $750.7 million in 2015 and is expected to grow at a CAGR of 29.1% during the forecast period (2016–2022). A major driver for the market is the growing perishable food trade across the globe.
The global cold chain market generated revenue worth $142.2 billion in 2015 and is expected to register a CAGR of 12.1% during the forecast period (2016–2022). The market is mainly driven by the growing demand for ready-to-eat food products, including beverages and frozen food.
The manufacturing industries are facing stiff government norms and regulation, towards the energy efficiency and reduction of carbon footprints to tackle the environment problems, including global warming.
The interdependence, integration, and globalization of food production and distribution systems are the key growth drivers for the global food traceability market. The outbreak of foodborne diseases is becoming serious concern for the consumers, which is also drawing the governments’ attention. This has led to increasing deployment of technology in food tracing. Among regions,
North America leads the backside illumination (BSI), complementary metal oxide semiconductor (CMOS) image sensor market, due to several design and technological improvements in this technology. This has been driving its demand in sectors, such as consumer electronics, and automotive in the region. The Asia-Pacific BSI CMOS image sensor market is expected to grow at the
The gas sensing market is driven mainly due to the advancements in embedded electronics, and sensor technology. The increase in hazardous gas emission has led to the implementation of several government legislations, recently. Carbon monoxide (CO) and nitrogen oxide sensing devices are the widely used gas sensors, for the detection of hazardous gases. With
The smart/intelligent sensor market is growing at a considerable rate, due to energy saving through the increased use of smart sensors in various applications, along with the evolution of novel wireless technology. The growing demand of smart sensors in wearable technology, and healthcare sector are some of the factors, providing ample opportunities for the upsurge of the smart
Sensors play a vital role in printed electronics. Continuous miniaturization of sensors, due to the development in sensor manufacturing technology, has raised the demand of printed and flexible sensors in various applications. Sensors detect alterations and change in parameters, in terms of quantities, in a device. Various companies dealing in printed electronics use
Nanosensors are tiny chemical, biological and surgical sensory devices having ability to sense and detect nanoparticals. Nanosensors market is gaining attention due to their ability to convey information about nanoparticles. Nanosensors are generally of the size between one nanometer and 100 nanometers. Light absorption properties of nanoscale materials are also
The integrated and structured security risk management equipment became one of the most essential requirements in modern buildings, government organization, industrial premises and also in residential. An effective and professionally installed electronics access control (EAC) system is now a part of the overall management plan of the organizations. The modern
The global wearable sensors market generated revenue worth $157.4 million in 2014 and is expected to register a CAGR 46.6% during the forecast period 2015–2020.