Report Highlights
The global market for sensors by type reached $68.2 billion in 2012 and is expected to reach $79.5 billion in 2014. The market is expected to rise at a CAGR of 7.9% and reach $116.1 billion by 2019.
Report Includes
- An overview of the global market for sensors in various applications, including biosensors, chemical sensors, image sensors, flow sensors, and level sensors
- Analyses of global market trends, with data from 2012, estimates for 2014, and projections of compound annual growth rates (CAGRs) through 2019
- Explanations of the role of sensors in various applications, the technology and innovation behind sensor development and production, and major market trends both in terms of region and application sector
- Evaluations of new developments in the sensors industry with respect to continuous improvements in environmental performance
- Comprehensive company profiles of major players.
Report Scope
The report has been prepared in a simple, easy to understand format with a number of tables and charts/figures. The scope of the report includes a detailed study of global and regional markets for various types of sensors and their applications with the reasons given for variations in the growth of the industry in certain regions.
This report only covers conventional sensors, such as pressure, temperature, level, flow and position sensors, and does not cover unconventional types of sensors such as pointing sensors (e.g., touch screens and touch-pads, barcode readers and RFID readers for identification purposes, remote-readout and intelligent power meters, gas and water meters, as well as remote-readout heat meters).
Analyst Credentials
The analyst, Srinivasa Rajaram, is a mechanical engineer with more than 40 years of experience in designing factory layouts and setting up factories. He also was senior vice president of M/S Schenck Avery Ltd., an Indo-German joint venture, and has authored several technology market research reports for BCC Research.
Report Highlights
The global market for sensors was estimated at $56.3 billion in 2010. It is expected to increase to $62.8 billion in 2011 and then to nearly $91.5 billion by 2016, at a compound annual growth rate (CAGR) of 7.8%.
Report Highlights
-
The overall U.S. industrial sensor market will rise at an average annual growth rate (AAGR) of 4.6%, from $6.1 billion in 2004 to $7.6 billion in 2009.
-
Average annual growth is expected to be somewhat higher through 2006 and then fall off somewhat through the remainder of the period.
-
Strongest growth arises from the semiconductor industry and further integration of microelectromechanical systems, all of which are expected to grow at an average annual rate of 7.6%, reaching $2.5 billion by 2009.
-
The rapid pace of growth is attributed to competitive pressures in process industries for improved performance, and to new sensor technologies that are experiencing tremendous success.
Report Highlights
-
U.S. sales of industrial sensors will rise at an average annual growth rate (AAGR) of 6.2% from $5 billion in 2001 to $6.78 billion by 2006.
-
Strongest growth comes from developments in the semiconductor industry and the successful integration of micro-electromechanical systems (MEMS). These devices are expected to grow at an AAGR of 9.4% to $2.11 billion by 2006.
-
These technologies will make up the largest market segment in 2006, rising from their current number two position.
-
Older, mature passive, active and electromechanical sensor technologies will grow at more subdued AAGRs of 5.5%, 4.3% and 5.1%, respectively.
Related Reports
2012 Instrumentation and Sensors Research Review
This 2012 Instrumentation and Sensors Research Review includes highlights of reports published in 2012 on the following instrument and sensor markets: Bulk Acoustic Wave Devices, Terahertz Radiation Systems, Pharmacy Automation, Wireless Sensors, Automotive Sensor Technologies.
Global Markets for Automotive Sensor Technologies
The global market for automobile sensors was $14.1 billion in 2011 and is expected to reach nearly $15.2 billion by 2012. BCC projects this market to grow at a compound annual growth rate (CAGR) of 7.7% reaching $22.1 billion in 2017.
Global Markets and Technologies for Wireless Sensors
The global market for wireless sensor devices totaled $532 million in 2010 and $790 million in 2011. This market is expected to increase at a 43.1% compound annual growth rate (CAGR) and reach an estimated $4.7 billion by 2016.
Remote Sensing Technologies and Global Markets
The global remote sensing technologies market is estimated at $8.3 billion in 2011. It is expected to reach at $9.1 billion in 2012 and it will further grow to $12.4 billion by 2017 at a compound annual growth rate (CAGR) of 6.4%.
Recent Reports
Protective Relays and Circuit Breakers: Global Markets
The global market for protective relays and circuit breakers was valued at $16.9 billion in 2023. This market is expected to grow from $17.2 billion in 2024 to $26.8 billion by 2029, at a compound annual growth rate (CAGR) of 9.2% from 2024 through 2029.
Brain-Computer Interface: Global Markets
The global market for brain computer interface (BCI) was valued at $2.1 billion in 2023. The market is expected to grow from $2.3 billion in 2024 to $4.5 billion by 2029, at a compound annual growth rate (CAGR) of 14.2% from 2024 through 2029.
Educational Equipment and Software: Global Markets
The global market for educational equipment and software is expected to grow from $105.4 billion in 2024 and is projected to reach $187.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 12.2% during the forecast period of 2024 to 2029.
Global Commercial Drones Market
The report provides an overview of the global commercial drones market and a detailed analysis of the market players' products and strategies. Using 2023 as the base year, the report provides estimated market data for 2024 through 2029. Revenue forecasts for this period are segmented based on type, technology, weight, end-user, and geography.
Drone Technology and Global Markets
The global drone technology market was valued at $30.4 billion in 2023. The market is projected to grow from $33.9 billion in 2024 to $61.2 billion by the end of 2029, at a compound annual growth rate (CAGR) of 12.6% from 2024 through 2029.
Top Trending Reports
AI in Clinical and Molecular Diagnostics Market
The global market for AI in clinical and molecular diagnostics is expected to grow from $2.6 billion in 2024 and is projected to reach $8.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 27.6% during the forecast period of 2024 to 2029.
Point-of-Care Diagnostics: Technologies and Global Markets
The global market for point-of-care diagnostics was valued at $36.9 billion in 2023. It is expected to grow from $40.6 billion in 2024 to $65.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 10.2% from 2024 through 2029.
Medical Devices: Technologies and Global Markets
The global market for medical devices reached $739.6 billion in 2023. It is expected to grow from $810.4 billion in 2024 to $1.3 trillion by the end of 2029, at a compound annual growth rate (CAGR) of 9.8% from 2024 through 2029.
Global Artificial Intelligence (AI) Market: Investments vs Potential
The global market for artificial intelligence (AI) is estimated to increase from $148.8 billion in 2023 to reach $1.1 trillion by 2029, at a compound annual growth rate (CAGR) of 39.7% from 2024 through 2029.
CRISPR Technology: Global Markets
The global market for CRISPR technology was valued at $3.4 billion in 2023. This market is expected to grow from $3.8 billion in 2024 to $7.5 billion by the end of 2029, at a compound annual growth rate (CAGR) of 14.4% from 2024 to 2029.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More