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In light of the higher consumer demand for advanced sensor-based vehicles, the North American market is expected to grow at a higher CAGR by 2023.
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 sensor market is expected to reach $241 billion by 2022, growing 11.3% between 2016 and 2022.
The Global Fingerprint Sensor Market is projected to reach USD5.49 Billion by 2026, growing at a CAGR of 15.4% from 2019 to 2026.
The global reed sensor market is accounted to US$ 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.
The automotive exhaust sensor market is projected to reach USD 35,714.7 Million by 2020 from USD 25,961.8 Million in 2015.
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.

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Last updated: 24 May 2020