Sensors

• [New] The automotive level sensor market is expected to grow by USD 1.49 billion during 2020-2024.
• Biometric hearables are set to make a substantial impact on the consumer, over-the-counter health, and professional medical markets with a few years, with the market for hearables with biosensors set to reach $5 bn by 2030.
• Hearables are set to make a substantial impact on the consumer, Over-The-Counter health, and professional medical markets with a few years, with the market for hearables with biosensors set to reach $5bn by 2030.
• In 2019, the IoMT market reached an estimated $24 billion, and by 2028, it is expected to exceed $240 billion with a 29% CAGR, largely due to the integration of sensors into more medical technologies and the full implementation of 5G technology.
• The flow sensors market generated a revenue of $6550 million in the year 2020 and is projected to grow at a CAGR of 7.1% throughout the forecast period 2020-2025.
• Japan's drone sensor market is expected to witness rapid growth, in terms of technology and procurement.
• The Global Acoustic Sensors Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2020-2026).
• The automotive ADAS sensors market is expected to grow by USD 24.96 billion during 2020-2024.
• By 2025, the IoT market is expected to grow to around 75 billion connected devices-cars, home appliances and sensors, wearable computers, smart office tools, equipment in smart factories, and more besides.
• Data created by connected IoT devices will experience a compound annual growth rate of 28.7% over the next five years, creating 79.4 zettabytes of data by the year 2025.
• The global CMOS + CCD Image Sensors market is anticipated to rise at a considerable rate during the forecast period, between 2020 and 2026.
• The global fingerprint sensors market is projected to grow at a healthy CAGR of 14.9% over the forecast period to reach US$ 8.809 billion by 2025, from US$ 3.829 billion in 2019.
• The global market for advanced driver assistance systems (ADAS) is expected to reach more than $67 billion by 2025, growing more than 10% each year, though automotive sensor growth has been slowed by COVID-19.
• The Global Biomedical Sensor market is expected to reach $18.90 billion by 2026 growing at a CAGR of 8.0% from 2018 to 2026.
• The market for printed sensors, which includes both organic and flexible sensors, will reach $4.5bn by 2030, with a host of new use cases in automotive, healthcare, supply chain logistics and other markets.
• Global Smart Sensors Market is expected to rise from its initial estimated value of USD 31.49 billion in 2018 to an estimated value of USD 120.79 billion by 2026, registering a CAGR of 18.3% in the forecast period of 2019-2026.
• Smart infrastructure: Large-scale creation of smart buildings and use of smart sensors could save roughly $940 billion by 2030.
• The global market for CMOS image sensors will approach about $30 billion over the next few years, positioning SiLC Technologies, with its recent release of high-performance 4D + Vision Chip, to achieve optimum growth in the near future.
• The Giant Magnetoresistive Sensors market was valued at US$ 122.2 Million in 2018 and is projected to reach US$ 221.5 Million by 2025, at a CAGR of 8.9% during the forecast period.
• The overall market for printed and flexible sensors is forecast to reach $4.5 billion (€3.9 billion) by 2030, with especially rapid growth in hybrid image sensors that will grow from less than $1 million (€0.87 million) today to around $800 million (€698 million) by 2030.
• The gas sensors market was valued at USD 629.22 million in 2019 and is expected to reach USD 848.95 million by 2025, at a CAGR of 6% over the forecast period 2020-2025.
• Driven by the demand for smart solutions such as smart water meters, smart online water sensors, and smart non-revenue water (NRW) leak management, the global smart water grid market is expected to reach $22.2 billion in 2020.
• 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.

Last updated: 22 November 2020