
Sensors Market by Type (Chemical Sensors, Electrical Sensors, Mechanical Sensors), Component (Amplifiers, Analog-to-digital & Digital-to-analog Converter, Microcontrollers), Technology, Output Signal, End-User, Distribution Channel - Global Forecast 2024-
Description
Sensors Market by Type (Chemical Sensors, Electrical Sensors, Mechanical Sensors), Component (Amplifiers, Analog-to-digital & Digital-to-analog Converter, Microcontrollers), Technology, Output Signal, End-User, Distribution Channel - Global Forecast 2024-2030
The Sensors Market size was estimated at USD 159.39 billion in 2023 and expected to reach USD 173.88 billion in 2024, at a CAGR 9.69% to reach USD 304.63 billion by 2030.
Sensors are designed to detect and measure physical properties, changes, or phenomena and convert them into signals that can be read or interpreted. These signals could be electrical, optical, or any other form, depending on the type and purpose of the sensor. The properties that sensors detect include temperature, pressure, light, motion, and many others. The primary function of a sensor is to collect data from its environment, which can then be used for various applications, from simple everyday tasks such as adjusting the brightness on your smartphone screen to complex industrial processes, including monitoring the conditions inside a manufacturing plant. The rapid adoption of wearable devices, which are increasingly used for tracking real-time information related to health and fitness, is driving the sensor market's growth. This trend is supported by the sensor's ability to accurately monitor vital signs and physical activities. In addition, using sensors in the healthcare sector for precise monitoring and early disease detection helps improve patient care and outcomes by enabling timely interventions and continuous health monitoring, further driving the growth of the sensors market. However, the intricate computations required to process sensor data and the efforts to adjust the sensors for precise readings accurately can deter their widespread use of sensors. Nevertheless, ongoing innovations in sensor technology, including the development of advanced sensors, offer a significant opportunity for expansion of the sensor market. These advancements improve the performance, accuracy, and versatility of sensors, enabling their application across a wide range of end-use industries and broadening the market's scope and potential for growth.
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Table of Contents
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Rapid adoption and utilization of wearable devices to track real-time information
- 5.1.1.2. Proliferating usage of sensing technology in automotive industry
- 5.1.1.3. Increasing use of sensors in healthcare sector for precision monitoring and early detection of diseases
- 5.1.2. Restraints
- 5.1.2.1. Limited temperature range and rising pricing pressure due to shortage of raw materials
- 5.1.3. Opportunities
- 5.1.3.1. Ongoing innovations in sensor technology with development of advanced sensors
- 5.1.3.2. Significant investment in industrial automation with deployment of smart sensors
- 5.1.4. Challenges
- 5.1.4.1. Concern regarding computational complexity and calibration difficulties
- 5.2. Market Segmentation Analysis
- 5.2.1. Type: Widening demand for thermal sensors across industrial sectors
- 5.2.2. End-User: Increasing adoption of sensors in automotive industry to enhance vehicle safety, fuel efficiency, and performance
- 5.3. Market Disruption Analysis
- 5.4. Porter’s Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
- 5.5. Value Chain & Critical Path Analysis
- 5.6. Pricing Analysis
- 5.7. Technology Analysis
- 5.8. Patent Analysis
- 5.9. Trade Analysis
- 5.10. Regulatory Framework Analysis
- 6. Sensors Market, by Type
- 6.1. Introduction
- 6.2. Chemical Sensors
- 6.3. Electrical Sensors
- 6.4. Mechanical Sensors
- 6.5. Optical Sensors
- 6.6. Thermal Sensors
- 7. Sensors Market, by Component
- 7.1. Introduction
- 7.2. Amplifiers
- 7.3. Analog-to-digital & Digital-to-analog Converter
- 7.4. Microcontrollers
- 7.5. Transceivers
- 8. Sensors Market, by Technology
- 8.1. Introduction
- 8.2. Complementary Metal-Oxide-Semiconductor
- 8.3. Micro-Electro-Mechanical Systems
- 8.4. Nanoelectromechanical Systems
- 9. Sensors Market, by Output Signal
- 9.1. Introduction
- 9.2. Analog Sensors
- 9.3. Digital Sensors
- 10. Sensors Market, by End-User
- 10.1. Introduction
- 10.2. Aerospace & Defense
- 10.3. Automotive
- 10.4. Electronics
- 10.5. Healthcare
- 10.6. Industrial
- 10.7. IT & Telecom
- 11. Sensors Market, by Distribution Channel
- 11.1. Introduction
- 11.2. Aftermarket
- 11.3. Original Equipment Manufacturer
- 12. Americas Sensors Market
- 12.1. Introduction
- 12.2. Argentina
- 12.3. Brazil
- 12.4. Canada
- 12.5. Mexico
- 12.6. United States
- 13. Asia-Pacific Sensors Market
- 13.1. Introduction
- 13.2. Australia
- 13.3. China
- 13.4. India
- 13.5. Indonesia
- 13.6. Japan
- 13.7. Malaysia
- 13.8. Philippines
- 13.9. Singapore
- 13.10. South Korea
- 13.11. Taiwan
- 13.12. Thailand
- 13.13. Vietnam
- 14. Europe, Middle East & Africa Sensors Market
- 14.1. Introduction
- 14.2. Denmark
- 14.3. Egypt
- 14.4. Finland
- 14.5. France
- 14.6. Germany
- 14.7. Israel
- 14.8. Italy
- 14.9. Netherlands
- 14.10. Nigeria
- 14.11. Norway
- 14.12. Poland
- 14.13. Qatar
- 14.14. Russia
- 14.15. Saudi Arabia
- 14.16. South Africa
- 14.17. Spain
- 14.18. Sweden
- 14.19. Switzerland
- 14.20. Turkey
- 14.21. United Arab Emirates
- 14.22. United Kingdom
- 15. Competitive Landscape
- 15.1. Market Share Analysis, 2023
- 15.2. FPNV Positioning Matrix, 2023
- 15.3. Competitive Scenario Analysis
- 15.3.1. Texas Instruments Pioneers Automotive Innovation with Groundbreaking Sensor Technologies
- 15.3.2. Mouser Electronics Expands Sensor Offerings with Innovative Sensor Technology IST AG Partnership
- 15.3.3. Silicon Microgravity Gains Euro 2.8 million Boost for Groundbreaking Gravity Sensors with Key Aerospace Contracts
- 15.3.4. SIGAS Acquires smartGAS to Bolster Global Presence and Leadership Transition for Future Growth
- 15.3.5. Ooredoo Kuwait and Huawei Forge Ahead with Fiber Optic Innovations for Smarter Connectivity and Digital Transformation
- 15.3.6. Danfoss Expands Cooling Tech Manufacturing with New Facility in Mexico
- 15.3.7. Converge and DEWALT Launch Strategic Partnership to Drive Sustainable Construction with AI-Enhanced Concrete Monitoring
- 15.4. Strategy Analysis & Recommendation
- 16. Competitive Portfolio
- 16.1. Key Company Profiles
- 16.2. Key Product Portfolio
- FIGURE 1. SENSORS MARKET RESEARCH PROCESS
- FIGURE 2. SENSORS MARKET SIZE, 2023 VS 2030
- FIGURE 3. GLOBAL SENSORS MARKET SIZE, 2018-2030 (USD MILLION)
- FIGURE 4. GLOBAL SENSORS MARKET SIZE, BY REGION, 2023 VS 2030 (%)
- FIGURE 5. GLOBAL SENSORS MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 6. SENSORS MARKET DYNAMICS
- FIGURE 7. GLOBAL SENSORS MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
- FIGURE 8. GLOBAL SENSORS MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 9. GLOBAL SENSORS MARKET SIZE, BY COMPONENT, 2023 VS 2030 (%)
- FIGURE 10. GLOBAL SENSORS MARKET SIZE, BY COMPONENT, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 11. GLOBAL SENSORS MARKET SIZE, BY TECHNOLOGY, 2023 VS 2030 (%)
- FIGURE 12. GLOBAL SENSORS MARKET SIZE, BY TECHNOLOGY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 13. GLOBAL SENSORS MARKET SIZE, BY OUTPUT SIGNAL, 2023 VS 2030 (%)
- FIGURE 14. GLOBAL SENSORS MARKET SIZE, BY OUTPUT SIGNAL, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 15. GLOBAL SENSORS MARKET SIZE, BY END-USER, 2023 VS 2030 (%)
- FIGURE 16. GLOBAL SENSORS MARKET SIZE, BY END-USER, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 17. GLOBAL SENSORS MARKET SIZE, BY DISTRIBUTION CHANNEL, 2023 VS 2030 (%)
- FIGURE 18. GLOBAL SENSORS MARKET SIZE, BY DISTRIBUTION CHANNEL, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 19. AMERICAS SENSORS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 20. AMERICAS SENSORS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 21. UNITED STATES SENSORS MARKET SIZE, BY STATE, 2023 VS 2030 (%)
- FIGURE 22. UNITED STATES SENSORS MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 23. ASIA-PACIFIC SENSORS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 24. ASIA-PACIFIC SENSORS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 25. EUROPE, MIDDLE EAST & AFRICA SENSORS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 26. EUROPE, MIDDLE EAST & AFRICA SENSORS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 27. SENSORS MARKET SHARE, BY KEY PLAYER, 2023
- FIGURE 28. SENSORS MARKET, FPNV POSITIONING MATRIX, 2023
Pricing
Currency Rates