Sensor Market to grow by USD 219.90 Bn by 2026, Rise In Demand For IoT Technology-based Devices to Boost Market Growth - Technavio

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Oct 07, 2022, 04:45 ET

NEW YORK, Oct. 7, 2022 /PRNewswire/ -- The Sensor Market report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the sensor market between 2021 and 2026 is USD 219.90 bn. To get the exact yearly growth variance and the Y-O-Y growth rate, Buy Sample Report.

Key Market Dynamics:

Technavio has announced its latest market research report titled Global Sensor Market 2022-2026

Market Driver
Market Challenges

One of the main factors boosting the expansion of the sensor industry is the rising demand for IoT technology. The Internet of Things (IoT) technology enables the linking of various smart devices to facilitate their operation and data sharing among one another. Additionally, the increased use of IoT-based devices is probably due to the growing demand for data analysis and analytics integration. In the meanwhile, it provides labor management, supply chain optimization, security and surveillance, and energy efficiency.

IoT is also getting better at monitoring the cold chain for commodities like temperature-sensitive food and medicines. As a result, the market for sensors will grow over the course of the projected period due to the rising use of IoT-based devices. However, factors such as network embedded systems will challenge market growth. Request Free Sample Report.

Sensor Market Regional Analysis

End-user

Electronics
IT and telecom
Automotive
Industrial
Others

Geography

North America
APAC
Europe
MEA
South America

North America will account for 39% of the market's growth over the forecasted timeframe. The sensor market in North America is mostly centered in the US. The market in this region will expand more slowly than the market in APAC. Over the projected period, the consumer electronics, industrial, automotive, and healthcare sectors' rapid expansion will support the expansion of the sensor market in North America.

Sensor Market Vendors

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market. 

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

Amphenol Advanced Sensors
Bosch Sensortec GmbH
Dwyer Instruments Inc.
Honeywell International Inc.
Panasonic Corp.
Rockwell Automation Inc.
Siemens AG
STMicroelectronics NV.
TE Connectivity Ltd.
Texas Instruments Inc.

To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

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Sensor Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 16.81%
Market growth 2022-2026	$219.90 billion
Market structure	Fragmented
YoY growth (%)	18.97
Regional analysis	North America, APAC, Europe, MEA, and South America
Performing market contribution	North America at 39%
Key consumer countries	US, China, Japan, Germany, and France
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	Amphenol Advanced Sensors, Bosch Sensortec GmbH, Dwyer Instruments Inc., Honeywell International Inc., Panasonic Corp., Rockwell Automation Inc., Siemens AG, STMicroelectronics NV., TE Connectivity Ltd., and Texas Instruments Inc.
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

Executive Summary

Market Landscape

Market ecosystem
Value chain analysis

Market Sizing

Market definition
Market segment analysis
Market size 2021
Market outlook: Forecast for 2021 - 2026

Five Forces Analysis

Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

Market Segmentation by End-user

Market segments
Comparison by End-user
Electronics - Market size and forecast 2021-2026
IT and telecom - Market size and forecast 2021-2026
Automotive - Market size and forecast 2021-2026
Industrial - Market size and forecast 2021-2026
Others - Market size and forecast 2021-2026
Market opportunity by End-user

Customer landscape

Geographic Landscape

Geographic segmentation
Geographic comparison
North America - Market size and forecast 2021-2026
APAC - Market size and forecast 2021-2026
Europe - Market size and forecast 2021-2026
MEA - Market size and forecast 2021-2026
South America - Market size and forecast 2021-2026
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends

Vendor Landscape

Vendor landscape
Landscape disruption

Vendor Analysis

Vendors covered
Market positioning of vendors
Amphenol Advanced Sensors
Bosch Sensortec GmbH
Dwyer Instruments Inc.
Honeywell International Inc.
Panasonic Corp.
Rockwell Automation Inc.
Siemens AG
STMicroelectronics NV.
TE Connectivity Ltd.
Texas Instruments Inc.

Appendix

Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations

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Contact

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