LONDON, Dec. 2, 2016 /PRNewswire/ -- Sensors are experiencing large-scale deployment in diverse end-user applications across verticals in standalone, integrated, combined, embedded and, more recently, wearable and ingestibles. Sensors are transforming to be highly intelligent with analytical and decision-making capability at the edge. Driven by the Internet of Things (IoT) revolution, sensors form the cornerstone of Industry/Manufacturing 4.0, an integrated approach to remote connectivity for real-time monitoring and control. Smart sensors are now evolving to be prognostic/ predictive. With up-gradation of contact, non-contact technologies and evolution of hybrid technologies, sensors are proactively enabling new applications. Sensors are at the forefront of digital transformation across diverse industrial markets.
"These trends impact everyone in the value chain and demand a shift in strategies to survive and succeed in the dynamic marketplace," said Sensors & Instrumentation Industry Principal Dr. Rajender Thusu. "For instance, monitoring and control using the IoT platform is driving wearable sensors that provide various physiological data and enable quantified self-movement. They provide mobility, connectivity, and context awareness with each other and the rest of the world. This will transform health wellness through preventive care and see increasing penetration in other vertical markets such as industrial, sports, security, firefighting, military and security." Sensor adoption is on the rise and use of software and protocols helps network compatibility both wired and wireless.
Global Sensor Outlook 2016, part of Frost & Sullivan's Sensors & Instrumentation Growth Partnership Service programme, estimates the global sensors market to generate USD162.36 billion in 2019, with industrial control, smart cities, and eHealth being top revenue contributors. Immediate investment focus will be on developing non-contact technologies, remote connectivity through IoT, 3D printing, and improving 3D vision sensing.
Click here for complimentary access to more information on this analysis and to register for a Growth Strategy Dialogue, a free interactive briefing with Frost & Sullivan's thought leaders.
A few of the other transformative changes involving sensors include:
- Increasing adoption of 3D sensors and their integration into monitoring systems;
- Silicon photonics: silicon chips with integrated optics and electronics;
- Biosensors: rapid detection devices to address gaps in healthcare and food safety;
- Energy harvesters: micro-energy harvesting systems that generate electrical energy from solar, vibration and thermal energy;
- Intelligent vehicles: fully automated and driverless;
- Bulk acoustic wave and surface acoustic wave: will enable highly economical industrial and consumer applications;
- Infrastructure and sensor towers: completely automate building monitoring through new integrated sensor systems.
"Wireless sensor networks are the future of connectivity," said Thusu. "Sensor technology will continue to advance in terms of natural user interface, ubiquitous computing, and sensory tracking. By 2025, sensors will not only be intelligent and prognostic, but also autonomous, self-healing and failsafe, paving the way for Industrial IoT (IIoT)."
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion
Global Sensor Outlook 2016
Corporate Communications – Europe
P: +48 22 481 62 10
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/predictive-and-control-capabilities-through-iot-rapidly-expand-global-growth-opportunities-for-sensors-300372081.html
SOURCE Frost & Sullivan