The global sensors market is expected to be valued at approximately US$ 8 Bn in 2020, and is projected to register a CAGR of 12.6% over the forecast period. The report also presents the first five-year cumulative revenue (2020–2024), which is projected to be around US$ 13 Billion, and this is expected to increase quite significantly over the latter part of the five-year forecast period.
Global Sensors Market: Segmental Snapshot
The market report has been segmented on the basis of sensor type, end-use application, and region. The sensor type segments include a single touch sensor, a multi-touch sensor, and fingerprint sensor. The application segments include consumer electronics, automotive & aerospace, government & military, healthcare, commercial & BFSI, and other industries. The regions covered in the analysis include North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
By Sensor Type: The multi-touch sensor segment is expected to account for highest revenue share contribution as compared to other sensor type segments, and is expected to register the highest CAGR of over 13.3% over the forecast period
By End-use Application: The consumer electronics segment is expected to account for highest revenue share contribution as compared to other segments, and is projected to register highest CAGR of over 13.2% over the forecast period
By Region: The market in North America is expected to account for highest revenue share in the global sensors market. The market in Asia Pacific is projected to register highest CAGR of over 13.1% over the forecast period.
Global Sensors Market: Competitive Analysis
The research report on the global sensors market includes profiles of some of major companies such as Honeywell International, Inc., STMicroelectronics N.V, TE Connectivity Ltd., NXP Semiconductors N.V., Texas Instruments Incorporated, Analog Devices, Inc., AMS AG, SecuGen Corporation, NEXT Biometrics Group ASA, and A D Metro.