A sensor is a device that detects and responds to some type of input from the physical environment. The specific input could be light, heat, motion, moisture, pressure, or any one of a great number of other environmental phenomena. The global sensors market is anticipated to increase by USD 158 billion till 2028 at an average annual growth of 9.7 percent as per the latest report by Gen Consulting Company.

The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global sensors market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the sensors industry.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, end user, and region. The global market for sensors can be segmented by product: biosensors, chemical, fingerprint, image, IoT, load, force and torque, position, pressure, radar, others. The biosensors segment held the largest share of the global sensors market in 2021 and is anticipated to hold its share during the forecast period. Sensors market is further segmented by end user: aerospace and marine, automotive, consumer electronics, healthcare, IT and telecom, manufacturing, process industry, smart building, others. Globally, the automotive segment made up the largest share of the sensors market. Based on region, the sensors market is segmented into: Asia Pacific, Europe, North America, Rest of the World (RoW). North America was the largest contributor to the global sensors market in 2021.

By product:
– biosensors
– chemical
– fingerprint
– image
– IoT
– load, force and torque
– position
– pressure
– radar
– others

By end user:
– aerospace and marine
– automotive
– consumer electronics
– healthcare
– IT and telecom
– manufacturing
– process industry
– smart building
– others

By region:
– Asia Pacific
– Europe
– North America
– Rest of the World (RoW)

The IoT market is further segmented into IoT accelerometers and gyroscopes, IoT chemical, IoT light, IoT pressure, IoT temperature, others. In 2021, the IoT temperature segment made up the largest share of revenue generated by the sensors market. Furthermore, the biosensors market has been categorized into MEMS, electrochemical, opto-electric, thermistor, others. Among these, the electrochemical segment was accounted for the highest revenue generator in 2021. The chemical sensors market is further divided into toxic gas, MEMS, pH, oxygen sensors and analyzers, humidity and moisture, others. The toxic gas segment captured the largest share of the market in 2021 and is expected to maintain its dominance during the forecast period.

The report also provides a detailed analysis of several leading sensors market vendors that include Accel AB, ams AG, Aptiv plc, Endress+Hauser Group, Hitachi Ltd., Honeywell International Inc., Mitsubishi Electric Corp., NXP Semiconductors N.V., Omron Corp., Robert Bosch GmbH, Rockwell Automation Inc., STMicroelectronics N.V., Texas Instruments Inc., among others.
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Historical & Forecast Period
This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.

Scope of the Report
– To analyze and forecast the market size of the global sensors market.
– To classify and forecast the global sensors market based on product, end user, region.
– To identify drivers and challenges for the global sensors market.
– To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global sensors market.
– To identify and analyze the profile of leading players operating in the global sensors market.

Why Choose This Report
– Gain a reliable outlook of the global sensors market forecasts from 2022 to 2028 across scenarios.
– Identify growth segments for investment.
– Stay ahead of competitors through company profiles and market data.
– The market estimate for ease of analysis across scenarios in Excel format.
– Strategy consulting and research support for three months.
– Print authentication provided for the single-user license.