+1 915 229 3004 (U.S.) | 
+44 7452 242832 (U.K.)
+1 915 229 3004 (U.S.) | +44 7452 242832 (U.K.)
The sensor market is expected to reach USD 343.48 billion by 2030, with a compound annual growth rate (CAGR) of 6.35% from 2022 to 2030. This growth is attributed to the expanding utilization of sensor technology across diverse applications such as cameras and medical equipment, coupled with technological advancements in gas sensors, which are key factors driving market expansion.
Robert Bosch GmbH (Germany)
ABB Group (Switzerland)
STMicroelectronics NV (Switzerland)
Honeywell International Inc. (US)
Siemens AG (Germany)
Samsung Electronics Co. Ltd. (South Korea)
Emerson Electric Co. (US)
General Electric Company (US)
OmniVision Technologies Inc. (US)
International Sensor Technology (IST) (US)
DENSO Corporation (Japan)
Delphi Technologies PLC (Ireland)
Texas Instruments Incorporated (US)
Alphasense (UK)
Ametek Inc. (US)
OMRON Corporation (Japan)
Figaro Engineering Inc. (Japan), among others
July 2023: Noise's Luna Ring incorporates a SpO2 sensor, heart rate monitor, and various functionalities. Crafted with a titanium body, it boasts a hypoallergenic inner shell ideal for all skin types. Supporting wireless charging, Luna Ring offers automatic software updates and is compatible with iOS 14/Android 6 & later. Powered by Bluetooth Low-Energy (BLE) 5, it remains operational up to 50 meters underwater. Noise claims it can last up to 7 days on a single 60-minute charge. The lightweight construction of Noise's 3mm-thick smart ring adds to its appeal.
July 2023: Welsh startup Afon is developing a revolutionary non-invasive glucose sensor named Glucowear. Positioned at the base of the wrist, Glucowear utilizes RF technology to collect signals from beneath the skin, providing real-time monitoring without latency. Afon aims to launch the product by early 2024, although meeting stringent health regulatory standards presents significant challenges.
March 2023: Sensirion introduces the SHT40I-Analog humidity sensor, targeting challenging industrial environments where digital solutions face noise-related obstacles. Tailored for high-volume applications, this sensor offers straightforward integration and output characteristics suited for demanding industrial settings such as air conditioning and refrigeration systems.
September 2022: SICK unveils its intelligent WLL80 Fibre Optic Sensors, designed for seamless integration into machinery and conveyor systems in electronics manufacturing. The WLL80 fiber optic amplifier pairs with SICK's LLX fibers, providing rapid and highly accurate detection in confined spaces.
Image Sensors
Biosensors
Optical Sensors
Motion Sensors
Pressure Sensors
Temperature Sensors
Humidity Sensors. Radar Sensors
Touch Sensors
Proximity Sensors
Level Sensors
Microcontrollers
Transceivers
Amplifiers
ADC & DAC
MEMS
CMOS
NEMS
Consumer Electronics
Automotive
Industrial IT & Telecom
Healthcare
Aerospace & Defense
Food & Beverages
Construction
North America
Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
he sensor market is expected to reach USD 343.48 billion by 2030
a compound annual growth rate (CAGR) of 6.35% from 2022 to 2030
Research on the market is done by industry professionals who provide personalized insights on the industry structure, market segmentation, Type assessment, competitive landscape (CL), along with penetration, and emerging trends. In addition to years of professional experience in their various fields and sectors, their analysis is largely based on primary interview (60%) and secondary research (40%) as well as years of professional experience. In addition, our researchers forecast the market's direction over the following seven years by examining past trends and the market's current position. Additionally, various trends of segments and categories that are geographically portrayed are studied and estimated using primary and secondary research.
The key level executives (VP, CEO, Marketing Directors, and Business Development Managers) of the major industry participants who are active and prominent as well as mid-scale businesses operating in this market were interviewed in-depth for this supply-side report by overall Global Market Research.
Extensive primary research was conducted to gain a deeper grasp of the market and industry. Both primary and secondary research, as well as years of pertinent professional experience, are used to support the analysis. By analyzing past and present market patterns, our experts were able to forecast the market's course over the following seven years. For the geographically offered categories in the list of market tables, it differs per category. In connection with the Global Market research report, we also conducted a number of primary interviews with senior level executives (VP, CEO's, Directors, Marketing Directors, Business Development Managers, CFOs, Technical Consultants, Key Opinion Leaders, Industry Experts, Decision Matrix Authorities, and other crucial individuals) of the key industry players who dominated the Global market.
The primary purpose of secondary research was to gather, identify, and validate the information necessary for the thorough, technical, market-focused, and commercial analysis of the global market. With the use of this study, it was also possible to classify and segment the market in accordance with market trends, geographic markets, and regional considerations linked to market type. Analysts have gathered data in the Distribution Channel for the study of the market from reliable sources including annual reports, journals, white papers, corporate presentations, company websites, international organizations of Energy and Power manufacturers, credible paid databases, and many others to gather reliable intel.
Both top-down and bottom-up methodologies were employed to assess the accuracy of the global market size. The market for as a whole was estimated using these methods for a number of different dependent submarkets. Secondary research was used to address the major industry players, and primary and secondary research was used to calculate their market shares in the various regions. This complete intellectual process includes reading the annual and financial reports of the top market participants and conducting in-depth interviews with top industry executives (VP, CEO, Marketing Directors, and Business Development Managers) to gain important industry insights.
Through reliable secondary sources and validated primary sources, the classification of the global markets and their geographic percentage splits were established. To obtain the final qualitative and quantitative data, all relevant variables that might have an impact on the market under investigation have been taken into consideration, inspected in great depth, verified through primary research, and assessed. This information was collected, added to, and thoroughly examined by professional analysts before being provided in this report. The process used to estimate the overall market size for this study is depicted in the following image as an example.
Report Code :
RL65620
Published on :
Upcoming
Request a Free Sample Report
Speak to Analyst