Introduction of the Global Sensor Market Report

The sensor is a device that usually detects and responds to some type of input from the physical environment. The input could be heat, light, moisture, motion, pressure, or any other environmental phenomena. The output is a signal that is converted to human-readable display or transmitted electronically over a network for reading or further processing. The sensors have various applications such as entertainment, communication & IT, home appliances, and other wearable devices.

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The major factors contributing to the growth of the global sensor market include the increasing demand for smartphones, accelerated adoption of wireless connectivity devices, strong demand for IoT based devices, and the increasing development of smart cities. It has been observed that multiple cities across the world are dealing with overpopulation, which is leading to economic and social imbalance. Thus, the governments of both developed and developing economies are focusing on the development of smart cities to improve the quality of life of their citizens. For instance, as per the National Portal of India, urban areas are expected to hold 40% of the Indian population and would contribute 75% of India’s GDP by 2030. Thus, the government of the country is working on Smart Cities Mission, to accelerate economic growth and enhance the quality of life of people by allowing local development and using technology to create smart outcomes for citizens of India. Smart cities are designed for efficient utilization of space and resources and for the optimal distribution of benefits. Sensors are being widely used in smart cities to reduce environmental footprint. The deployment of the air-quality sensor helps in identifying pollution causes and provides data to analyze the level of air quality. The increasing usage of sensors to control traffic, pollution, lighting, and for garbage collection in the smart cities, are some other factors which will drastically boost the demand for sensors across the globe.

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Based on the type, the market is segmented into pressure sensor, temperature sensor, motion sensor, image sensor, proximity sensor, fingerprint sensor, and other sensors. Among these, the temperature sensor is anticipated to witness a higher CAGR during the forecast period. This is attributed to the strong demand for high-performance, reliable, and low-cost sensors. A temperature sensor measures heat to ensure that process stays within a specific range and is gaining more traction among customers.

On the basis of application, the market is segmented into entertainment, communication & IT, home appliances, and wearable devices. Among these, the wearable devices segment is expected to observe a higher CAGR during the forecast period. This is attributed to the significant shift in the individual’s preference toward sensors in wearable devices to monitor human health and performance.

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Based on the region, North America is expected to lead the market during the forecast period. This is attributed to the high adoption of IoT-based devices and rising focus on development of smart cities across the region. In addition to this, Asia-Pacific is projected to grow at a higher CAGR during the forecast period attributed to the high adoption of consumer electronic products in this region.

The key players operating the market include Samsung Electronics Co., Ltd, Sony Corporation, STMicroelectronics N.V, NXP Semiconductors N.V, TE Connectivity Ltd, Murata Manufacturing Co., Ltd, Robert Bosch GmbH, Infineon Technologies AG, Synaptics Incorporated, and Omron Corporation.

The global sensors market has been segmented on the basis of type, application, and region. Based on Type, the market is segmented into pressure sensor, temperature sensor, motion sensor, image sensor, proximity sensor, fingerprint sensor, other sensors. Based on application, the market has been segmented entertainment, communication & IT, home appliances, and wearable devices.

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Key questions answered in this research report:

• • At what pace is global sensor market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in sensor market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global sensor market?
  • Which type generated maximum revenues in 2019 and identify the most promising products during the forecast period?
  • What are the various application areas of global sensor market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Samsung Electronics Co., Ltd, Sony Corporation, STMicroelectronics N.V, NXP Semiconductors N.V, TE Connectivity Ltd, Murata Manufacturing Co., Ltd, Robert Bosch GmbH, Infineon Technologies AG, Synaptics Incorporated, Omron Corporation., among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Sensor Market by Type

• • Pressure Sensor
    • • Piezoresistive
      • Capacitive
      • Electromagnetic
      • Optical
      • Resonant Solid State
      • Microelectromechanical System (MEMS)
      • Others
  • Temperature Sensor
    • • Bimetallic
      • Thermistor
      • Resistance Temperature Detector (RTD)
      • Temperature Sensor IC
      • Thermocouple
      • Infrared
      • Fiber Optic
      • Others
  • Motion Sensor
    • • MEMS Accelerometer
      • MEMS Gyroscope
      • MEMS Magnetometer
      • Sensor Combos
  • Image Sensor
    • • CMOS Image Sensor
        • 2d Image Sensors
        • 3d Image Sensors
      • Ccd Image Sensor
      • Other Image Sensors
        • Nmos Linear Image Sensor
        • Ingaas Linear Image Sensor
        • Flat Panel X-Ray Image Sensor
        • Scmos
      • Operating Spectrum
        • Visible Spectrum
        • Invisible Spectrum
          • Infrared Spectrum
          • X-Ray Spectrum
        • Proximity Sensor
          • Capacitive Proximity Sensor
          • Others
            • Photoelectric Proximity Sensor
            • Ultrasonic Proximity Sensor
          • Fingerprint Sensor
          • Others
            • Level Sensor
            • Biosensor

Global Sensor Market by Application

• • Entertainment
  • Communication & IT
  • Home Appliances
  • Wearable Devices

Global Sensor Market by Region

• • North America Sensor Market (Option 1: As a part of the free 25% customization)

• • • North America Market by Service Type
    • North America Market by Application
    • US Market All-Up
    • Canada Market All-Up

• • Europe Sensor Market (Option 2: As a part of the free 25% customization)

• • • Europe Market by Service Type
    • Europe Market by Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

• • Asia-Pacific Sensor Market (Option 3: As a part of the free 25% customization)

• • • Asia-Pacific Market by Service Type
    • Asia-Pacific Market by Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

• • RoW Sensor Market (Option 4: As a part of the free 25% customization)

• • • RoW Market by Service Type
    • RoW Market by Application
    • RoW Market by Segment 4
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating the Sensor (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Samsung Electronics Co., Ltd
  • Sony Corporation
  • STMicroelectronics N.V
  • NXP Semiconductors N.V
  • TE Connectivity Ltd
  • Murata Manufacturing Co., Ltd
  • Robert Bosch GmbH
  • Infineon Technologies AG
  • Synaptics Incorporated
  • Omron Corporation