Top 10 Sensors Market by Type (Pressure, Temperature, Image, Motion, Fingerprint, Level, Gas, Magnetic Field, Position, and Light), Technology, Application, End-User Industry, and Region - Global Forecast to 2022
“Increasing advancement toward smaller, smarter, and cheaper sensors expected to drive the overall top 10 sensors market”
With the increasing demand for smart platforms such as IoT and M2M, there is a growing demand for sensors with smart technology, small size, and low price. With such platforms and increasing inventions in smart mobile devices such as smartphones and tables, there has been a decline in the cost of sensors, and the introduction of new simple, easy-to-use next-generation sensors has increased. Moreover, significant technological developments during the past decade have led to a significant reduction in the size of sensors such as level, pressure, and image sensors, which has played a major role in the growth of the overall sensors market. Thus, factors such as miniaturization trend in sensors; advent of platforms such as IoT, AR, and M2M; and growing trend toward smart living among end users are driving the growth of the overall top 10 sensors market.
“Market for fingerprint sensors expected to grow at a high rate during the forecast period”
Emerging application areas for fingerprint sensors in IoT and increasing adoption of fingerprint sensors in the banking and finance industry are some of the factors that would provide huge growth opportunities for the fingerprint sensors market in the coming years. Owing to the increased card fraudulence in the banking and finance industry, demand for more secure options for transactions and biometric smartcards is increasing. In addition, the increasing number of contracts and partnerships among players is expected to drive the overall fingerprint sensors market.
“Image sensors expected to hold a major share of the market during the forecast period”
Image sensors have recently found their major and evolving applications in security and surveillance, automotive, and industrial sectors (especially in machine vision systems). These applications have recently started using cameras, creating a huge demand for image sensors. Earlier, only high-end cars had cameras installed, but now it is estimated that even low-end cars would have more than 10 cameras, which would assist the driver in safe driving. The advancement of the technology of semiconductors has also helped in the development of complex image sensors which can take pictures without distorting the image quality.
“APAC and North America are the major markets for the top 10 sensors”
The North American region consists of the U.S, Canada, and Mexico and is expected to hold the largest share of the top display technologies and devices market during the forecast period. The North American market is also expected to grow at the highest rate during the forecast period. The U.S. is the major country driving the growth of the top display technologies and devices market in North America. A significant number of prominent industries and major companies are based out of North America and APAC. This is one of the major factors driving the growth of the top display technologies and devices market in these regions.
The key manufacturers in the top 10 sensors market include STMicroelectronics (Switzerland), NXP Semiconductors N.V. (Netherlands), TE Connectivity Ltd. (U.S.), Infineon Technologies AG (Germany), Texas Instruments Incorporated (U.S.), Robert Bosch GmbH (Germany), Analog Devices, Inc. (U.S.), ams AG (Austria), Honeywell International, Inc. (U.S.), Sensirion AG (Switzerland), Knowles Electronics, LLC. (U.S.), InvenSense, Inc. (U.S.), Omron Corporation (Japan), ARM Holdings Plc. (U.K.), ABB Ltd. (Switzerland), Emerson Electric Company (U.S.), Siemens AG (Germany), Broadcom Limited (U.S.), and Asahi Kasei Corporation (Japan), among others.
This research report categorizes the top 10 sensors market on the basis of type, subtype, technology, application, end-user industry, and region. The report also provides the description of major drivers, restraints, challenges, and opportunities pertaining to each sensor type and market ranking analysis.
Reasons to Buy the Report:
The report would help leaders/new entrants in this market in the following ways:
1. This report segments the top 10 sensors market comprehensively and provides the closest market size estimation for all subsegments across different regions.
2. This report helps stakeholders understand the pulse of the market and provides them with the information on key drivers, restraints, challenges, and opportunities for market growth.
3. This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The report also includes competitor ecosystem—new product launches and developments, partnerships, and mergers and acquisitions.
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