Sensors

[New] The acoustic sensor market is expected to grow by USD 366 million during 2020-2024.
The U.S. sensor fusion market is already a $2.25 billion industry, and will pass $9 billion by 2025, growing at 18.73% CAGR.
The global sensor market is expected to reach an estimated $238 billion by 2025 with a CAGR of 9.3% from 2020 to 2025.
The Global Fingerprint Sensor Market is projected to reach USD5.49 Billion by 2026, growing at a CAGR of 15.4% from 2019 to 2026.
The global reed sensor market is accounted to US$ 765.07 Mn in 2018 and is expected to grow at a CAGR of 7.8% during the forecast period 2019-2027, to account to US$ 1,473.33 Mn by 2027.
The overall magnetic sensor market was valued at USD 2.94 billion in 2016 and is projected to reach USD 5.37 billion by 2023, at a CAGR of 8.77% between 2017 and 2023.
Through 2028, Gartner expects a steady increase in the embedding of sensor, storage, compute and advanced AI capabilities in edge devices.
Global Fingerprint Sensor Market is expected to rise from its initial estimated value of USD 3.58 billion in 2018 to an estimated value of USD 11.73 billion by 2026 registering a CAGR of 15.98% in the forecast period of 2019-2026.
The Global Fingerprint Sensor Market is expected to exceed more than US$20 Billion by 2024 at a CAGR of 17.5% in the given forecast period.
Business strategies of optical fingerprint sensor market growing advancements and innovative growth forecasted to high growth status 2029.
Digitalization will be one of the major factors driving a 15.2% increase in global passenger traffic and a 19% increase in global freight traffic by 2025.
The Global Fingerprint Sensor Market was valued at USD1.75 Billion in 2018 and is projected to reach USD5.49 Billion by 2026, growing at a CAGR of 15.4% from 2019 to 2026.
Middle East and Africa IoT sensor market is projected to register a CAGR of 34.3% in the forecast period of 2019 to 2026.
The Global Automotive Sensor Market is expected to exceed more than US$5 Billion by 2024 at a CAGR of 23% in the given forecast period.
The Global IoT Sensor Market is expected to exceed more than US$68 Billion by 2024 at a CAGR of 40% in the given forecast period.
The Global Wearable Sensor Market is expected to exceed more than US$2600 Million by 2024 at a CAGR of 29% in the given forecast period.
The global 3D sensor market was valued at USD1.68 billion in 2017, and is expected to reach a market value of USD6.47 billion by 2023, registering a CAGR of 25.23% during the forecast period of 2018-2023.
Global Fingerprint Sensor Marketis expected to rise from its initial estimated value of USD3.58 billion in 2019 to an estimated value of USD11.73 billion by 2026 registering a CAGR of 15.98% in the forecast period of 2019-2026.
Developing technologies such as Air-Elastic water consumption tracking, reminders sensors, a touch sensor to know when it was opened or used, which will bring new opportunities in the market in coming years.
The Europe IoT Sensor market accounted for US$ 2,304.5 Mn in 2018 and is expected to grow at a CAGR of 24.9% over the forecast period 2018-2027, to account for US$ 17,158.7 Mn in 2027.
Japanese Ministry of Defense officials confirmed plans to study a space-based early missile warning system by testing an experimental infrared sensor in 2020.
The global beacon market will expand considerably in the coming years and a significant amount of growth can be entirely attributed to the integration of IoT.

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Last updated: 29 March 2020