A sensor is a device that measures physical input from its environment and converts it into data that can be interpreted by either a human or a machine. Most sensors are electronic, but some are simpler, such as a glass thermometer, which presents visual data. People use sensors to measure temperature, gauge distance, detect smoke, regulate pressure, and a myriad of other uses. the global Sensor market is expected to witness significant growth during the forecast period.
The integration of sensors into any device improves its functionality, accuracy, and efficiency, increasing its automation. This key fact boosts the growth of the global Sensor market. Additionally, increased automation due to a spurring increase in several industries has a positive impact on the growth of the Sensor market. Moreover, emerging trends, such as sensor miniaturization, rising advances in IoT & IIoT technology, and the spread of industry 4.0, and the emergence of 5.0 are some prime factors that promote the growth of the Sensor market.
Besides, the increased use of image sensors in several applications, such as cameras and medicinal devices, advances in gas sensors, and many other sensors, has an influence on the growth of the market to a great extent. Due to the rapid rise in hospitalization, sensors are increasingly being used in medical devices and equipment. Additionally, the increasing use of sensors in smart grids, smart homes, and intelligent transport systems, and developments in information and communication technologies are other crucial aspects that propelling the growth of the global Sensor market.
On the contrary, scalability & reliability issues in the deployment of sensors in the system on chip (SoC) is a major restraint for the global Sensor market. Apart from this, the rise in the adoption of gyroscopes and accelerometers in consumer electronics, coupled with innovative applications including gesture recognition, biometrics, and motion-sensing is anticipated to create various growth opportunities for the Sensor market.
Covid-19 Impact on Sensor Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Sensor Market Segment Overview
Based on Type, the Optical Sensor is the largest segment in the global Sensor market. This is due to its numerous applications in several industries such as, medical, biometrics, automotive, consumer electronics, and others. Additionally, there is high adoption of optical sensors in consumer electronics due to the massive uptake in the demand for smartphones, smartwatches, tablets, and voice assistant devices, among others. Moreover, the penetration of biometrics technology to reinforce security and tracking features is gaining exponential momentum, which further boosts the growth of this segment. According to End-User, Electronics is the major segment in the market. Prominent factors such as an increase in demand for IoT technology-based devices, rise in demand for sensors in the development of smart cities, increase in the use of smartphones and other electronic devices, and growth in adoption of wearable devices are remarkably propel the growth of this segment.
Sensor Market, By Type
· Radar Sensor
· Optical Sensor
· Biosensor
· Touch Sensor
· Image Sensor
· Pressure Sensor
· Temperature Sensor
· Proximity & Displacement Sensor
· Level Sensor
· Motion & Position Sensor
· Humidity Sensor
· Accelerometer & Speed Sensor
· Others
Sensor Market, By Technology
· CMOS
· MEMS
· NEMS
· Others
Sensor Market, By End-User
· Electronics
· IT & Telecom
· Industrial
· Automotive
· Aerospace & Defense
· Healthcare
· Others
Sensor Market Regional Overview
In terms of region, Asia-Pacific is anticipated to hold the largest share of the global Sensor market during the forecast period. the increasing use of consumer electronics and medical devices, along with rising production and sales of luxury cars, is boosting the market’s growth in this region. India, Japan, China, and South Korea are the main sensor markets in this region. Moreover, increased demand for sensors due to increased awareness of industrial safety concerns and toxic gases leads to an upsurge in the market share of humidity and gas sensors. Furthermore, the huge expansion of leading end-use industries such as healthcare, automotive, food & beverage, and packaging has a great effect on regional market growth.
Sensor Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Sensor Market, 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
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Sensor Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Radar Sensor
- 5.2.2. Optical Sensor
- 5.2.3. Biosensor
- 5.2.4. Touch Sensor
- 5.2.5. Image Sensor
- 5.2.6. Pressure Sensor
- 5.2.7. Temperature Sensor
- 5.2.8. Proximity & Displacement Sensor
- 5.2.9. Level Sensor
- 5.2.10. Motion & Position Sensor
- 5.2.11. Humidity Sensor
- 5.2.12. Accelerometer & Speed Sensor
- 5.2.13. Others
- 5.3. Market Analysis, Insights and Forecast – By Technology
- 5.3.1. CMOS
- 5.3.2. MEMS
- 5.3.3. NEMS
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By End-User
- 5.4.1. Electronics
- 5.4.2. IT & Telecom
- 5.4.3. Industrial
- 5.4.4. Automotive
- 5.4.5. Aerospace & Defense
- 5.4.6. Healthcare
- 5.4.7. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Sensor Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Radar Sensor
- 6.2.2. Optical Sensor
- 6.2.3. Biosensor
- 6.2.4. Touch Sensor
- 6.2.5. Image Sensor
- 6.2.6. Pressure Sensor
- 6.2.7. Temperature Sensor
- 6.2.8. Proximity & Displacement Sensor
- 6.2.9. Level Sensor
- 6.2.10. Motion & Position Sensor
- 6.2.11. Humidity Sensor
- 6.2.12. Accelerometer & Speed Sensor
- 6.2.13. Others
- 6.3. Market Analysis, Insights and Forecast – By Technology
- 6.3.1. CMOS
- 6.3.2. MEMS
- 6.3.3. NEMS
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By End-User
- 6.4.1. Electronics
- 6.4.2. IT & Telecom
- 6.4.3. Industrial
- 6.4.4. Automotive
- 6.4.5. Aerospace & Defense
- 6.4.6. Healthcare
- 6.4.7. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Sensor Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Radar Sensor
- 7.2.2. Optical Sensor
- 7.2.3. Biosensor
- 7.2.4. Touch Sensor
- 7.2.5. Image Sensor
- 7.2.6. Pressure Sensor
- 7.2.7. Temperature Sensor
- 7.2.8. Proximity & Displacement Sensor
- 7.2.9. Level Sensor
- 7.2.10. Motion & Position Sensor
- 7.2.11. Humidity Sensor
- 7.2.12. Accelerometer & Speed Sensor
- 7.2.13. Others
- 7.3. Market Analysis, Insights and Forecast – By Technology
- 7.3.1. CMOS
- 7.3.2. MEMS
- 7.3.3. NEMS
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By End-User
- 7.4.1. Electronics
- 7.4.2. IT & Telecom
- 7.4.3. Industrial
- 7.4.4. Automotive
- 7.4.5. Aerospace & Defense
- 7.4.6. Healthcare
- 7.4.7. Others
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Sensor Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Radar Sensor
- 8.2.2. Optical Sensor
- 8.2.3. Biosensor
- 8.2.4. Touch Sensor
- 8.2.5. Image Sensor
- 8.2.6. Pressure Sensor
- 8.2.7. Temperature Sensor
- 8.2.8. Proximity & Displacement Sensor
- 8.2.9. Level Sensor
- 8.2.10. Motion & Position Sensor
- 8.2.11. Humidity Sensor
- 8.2.12. Accelerometer & Speed Sensor
- 8.2.13. Others
- 8.3. Market Analysis, Insights and Forecast – By Technology
- 8.3.1. CMOS
- 8.3.2. MEMS
- 8.3.3. NEMS
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By End-User
- 8.4.1. Electronics
- 8.4.2. IT & Telecom
- 8.4.3. Industrial
- 8.4.4. Automotive
- 8.4.5. Aerospace & Defense
- 8.4.6. Healthcare
- 8.4.7. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Sensor Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Radar Sensor
- 9.2.2. Optical Sensor
- 9.2.3. Biosensor
- 9.2.4. Touch Sensor
- 9.2.5. Image Sensor
- 9.2.6. Pressure Sensor
- 9.2.7. Temperature Sensor
- 9.2.8. Proximity & Displacement Sensor
- 9.2.9. Level Sensor
- 9.2.10. Motion & Position Sensor
- 9.2.11. Humidity Sensor
- 9.2.12. Accelerometer & Speed Sensor
- 9.2.13. Others
- 9.3. Market Analysis, Insights and Forecast – By Technology
- 9.3.1. CMOS
- 9.3.2. MEMS
- 9.3.3. NEMS
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By End-User
- 9.4.1. Electronics
- 9.4.2. IT & Telecom
- 9.4.3. Industrial
- 9.4.4. Automotive
- 9.4.5. Aerospace & Defense
- 9.4.6. Healthcare
- 9.4.7. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Atmel Corporation
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Honeywell International Inc.
- 10.6. Infineon Technologies AG
- 10.7. Johnson Controls International PLC.
- 10.8. NXP semiconductors N.V.
- 10.9. Qualcomm Technologies Inc.
- 10.10. Robert Bosch GmbH
- 10.11. Sony Corporation
- 10.12. STMicroelectronics
- 10.13. Texas instruments Inc.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
