Sensors

[New] The successful development of fully autonomous systems is expected to be slower than anticipated, overlapping with technological developments in low-power sensors, propulsion and artificial intelligence.
[New] Automotive angular positions sensors market is expected to attain a good growth by 2027 witnessing market growth at a rate of 7.90% in the forecast period of 2020 to 2027.
Pent-up demand will restore growth later this year, with the CMOS imaging sensor market storming back in 2021 with sales rebounding by a projected 15% to a new record-high of $20.4 billion.
Aircraft Sensors Market was worth USD 1.68 billion in 2017 and is projected to reach USD 2.36 billion by 2023, registering a CAGR of 5.86% over the period 2018-2023.
The global automotive sensors market is expected to garner USD 45.76 Billion by the end of 2024.
The wearable health sensors market is expected to register a CAGR of 12.70% over the forecast period (2018-2023).
The acoustic sensors market is poised to grow by USD 366 mn during 2020-2024, progressing at a CAGR of almost 10% during the forecast period.
2.5 quintillion bytes of data is being generated every day and around 1 trillion sensors are going to be connected to network by 2022.
RTD temperature sensors market is expected to reach USD 1.90 billion by 2027 witnessing market growth at a rate of 5.50% in the forecast period of 2020 to 2027.
The global Fingerprint Sensor market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 8.1% in the forecast period of 2020 to 2025 and will expected to reach USD 4094.7 million by 2025, from USD 2994.2 million in 2019.
The CCD Image Sensors Market was valued at USD 1.82 billion in 2019 and is expected to reach USD 2.60 billion by 2025, at a CAGR projected at 6% over the forecast period 2020-2025.
Global Automotive Sensors Market was valued at $22 billion in 2015, and is projected to reach $37 billion by 2022, growing at a CAGR of 7.5% from 2016 to 2022.
The Global Inertial Sensors market is projected to gain CAGR predicted period between 2019 to 2024.
Global IoT sensor market is projected to register a CAGR of 36.3% in the forecast period of 2019 to 2026.
Miniaturization of sensors is anticipated to boost the growth of the market as well.
The market for radar sensors for advanced driver assist systems (ADAS) and autonomous vehicles exceeds $2.15 billion and will reach $7.68 billion by 2026, according to Research and Markets.
Over the next five years the Fiber Optic Sensors market will register a 8.9% CAGR in terms of revenue, the global market size will reach $1426.6 million by 2025, from $1013.6 million in 2019.
The global market for CCD and CMOS sensors reached $12.1 billion in 2016: The market should reach $13.9 billion in 2017 and $30.3 billion by 2022, increasing at a compound annual growth rate of 16.9% from 2017 through 2022.
The worldwide market for Chemical Sensors is expected to grow at a CAGR of roughly 7.6% over the next five years, will reach USD 35400 million in 2023, from USD 22900 million in 2017.
In Japan, Smart Flow Sensors will reach a market size of US$ 3.2 Billion by the close of the analysis period.
Poised to reach over US$ 40.8 Billion by the year 2025, Smart Flow Sensors will bring in healthy gains adding significant momentum to global growth.
Global demand for water meters, water quality sensors and water leak detection systems will increase at a compounded average growth rate over the next five years (2019-2024).
The worldwide market for Rail Wheel Sensors is expected to grow at a CAGR of roughly 7.8% over the next five years, will reach US$180 million in 2024, from US$120 million in 2019.

See full forecast

Last updated: 12 July 2020