Global Markets and Technologies for Sensors

Mar 03, 2016, 17:17 ET from Reportlinker

NEW YORK, March 3, 2016 /PRNewswire/ -- This BCC Research report studies and highlights the role of sensors in various applications, explains the technology and innovation behind sensor development and production, and provides a market overview, analyzing major market trends both by region and by application. Includes forecast through 2021.

Use this report to:

Receive a detailed study of global and regional markets for various types of sensors and their applications.
Learn about the importance and history of the sensors industry.
Learn about the market for various types of sensors as well as the technologies they employ.
Gain information on sample patents of sensors.

Highlights

The global market for sensors reached $101.9 billion in 2015. This market should reach $113.2 billion by 2016 and $190.6 billion by 2021, with a compound annual growth rate (CAGR) of 11.0% for the period 2016-2021.
The image and chemical sensors segment should reach $28.4 billion by 2016 and $51.2 billion by 2021, a CAGR of 12.8%.
The biosensor and fingerprint sensor segment should reach $23.9 billion by 2016 and $44.5 billion by 2020, a CAGR of 13.2%.

INTRODUCTION

A sensor is a type of transducer and provides various types of output, but typically uses electrical or optical signals. Sensors are used in everyday objects such as touch-sensitive elevator buttons and lamps that dim or brighten by touching the base, in addition to innumerable applications. The uses of sensors have expanded beyond the traditional fields of temperature, pressure or flow measurement. Moreover, analog sensors such as potentiometers and force-sensing resistors are still widely used in applications, including manufacturing and machinery, airplanes and aerospace, cars, medicine and robotics. Technological progress is allowing an increasing number of sensors to be manufactured on a microscopic scale as microsensors using MEMS
technology. In most cases, a microsensor reaches a significantly higher speed and sensitivity compared with macroscopic approaches.

Sensors convert physical phenomena into quantities measurable by a data acquisition system and thus are an important part of any measurement and automation application. Sensors are being used in an increasing number of industries and applications, while continually opening new fields of application. Today's production
technologies, modern vehicles, innovative medical devices, smart power supply systems and building technologies are inconceivable without sensors.

Advanced electronic control systems provide sensor users ongoing advances in sensor accuracy, reliability, response time, robustness, miniaturization, communications capability and efficiencies. Sensors also continue to improve in quality as they become more specific and robust. They are often smarter and impart more information and yet they are becoming less expensive because of improved production methods.

Sensors are found in most areas of life today. The need for sensors is increasing dramatically with the ongoing boom in smart mobile communication technologies and tablet PCs. Many companies are already researching novel types of sensors for these applications. Mobile phones with face recognition are already in the market. Cell
phones with integrated spectrometers to measure food freshness are no longer inconceivable, even though today they seem rather futuristic.


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