Sensor Market is expected to reach approximately USD 266.27 billion by 2023 with 11.60% CAGR

Global Sensor Market, By Product Type (Radar sensor, Image sensor, Optical sensor, Biosensors, Proximity sensor and displacement sensor, Level sensor, and Others), By Technology (CMOS, MEMS, NEMS), By End-users (Electronics, IT & Telecommunication, Industrial, Automotive) – Forecast 2023

Market Highlights

The key players in the global sensor market include STMicroelectronics N.V., Hewlett Packard Enterprise Development LP, Panasonic Corporation, Qualcomm Technologies, Inc., Johnson controls international PLC, NXP semiconductors N.V., Infineon Technologies AG, Atmel Corporation, Texas instruments Inc., Robert Bosch GmbH, Sony Corporation, Honeywell International, Inc., Taiwan Semiconductor Manufacturing Company Limited, Volkswagen and Canon Inc. among others.

The global sensor market is highly competitive. Various established international brands, domestic brands and as well as new entrants form a competitive landscape. The key players are nonstop increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. The sensor market is highly competitive due to the presence of several large vendors. The competition among the vendors will intensify due to the increase in product extensions and various above mentioned factors. The players in the Sensor market compete on the basis of the factors such as technology, features, design and compatibility. The vendors or the manufacturers are continuously coming up with new ideas and technologies to gain competitive advantage over their competitors.

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Regional Analysis

The global sensor market is expected to grow significantly over the forecast period, 2017-2023. Sensor segment market globally drives the market majorly due to growing demand of electronic devices. Technological advancement in consumer electronics such as TV, microwave, smartphones, fitness trackers are expected to expected to grow the market in past few years.

The global sensor market segmented into four main regions such as North America, Asia-Pacific, Europe and Rest of the World. Asia Pacific region hold the largest share of the total sensor market in terms of revenue. It is due to the presence of some leading electronic devices manufacturers in the region. China is the leading smartphone manufacturer worldwide, due to which the demand of touch sensors is high in Asia Pacific. Furthermore, the automotive industry is growing at fast pace which also helps to grow the market in coming years. Asia-Pacific region is expected to grow over the forecast period. Countries such as Japan, China and India contributes largely to the overall market share.

North America region is second largest region for sensor market due to the high technological advancement in the region. Qualcomm Technologies, Inc., Honeywell International, Inc. are some leading industry participants located in U.S.

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Table of Content

1       Market Introduction   

      1.1    Introduction   

      1.2    Scope Of Study

           1.2.1    Research Objective

           1.2.2    Assumptions

           1.2.3    Limitations

      1.3       Market Structure

2       Research Methodology

      2.1    Research Network Technology Software

      2.2    Primary Research

      2.3    Secondary Research

      2.4    Forecast Model

            2.4.1    Market Data Collection, Analysis & Forecast

            2.4.2    Market Size Estimation

3       Market Dynamics

      3.1    Introduction

      3.2    Market Drivers

      3.3    Market Challenges

      3.4    Market Opportunities

      3.5    Market Restraints

4     Executive Summary

5.    Market Factor Analysis

      5.1    Porter’s Five Forces Analysis

      5.2    Supply Chain Analysis

6    Sensor Market, By Segments

Continued……….

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