An Allied Market Research report titled “Sensor Market by Type, Technology, and End User: Global Opportunity Analysis and Industry Forecast, 2017 – 2025” indicates the global sensors market generated $138.96 billion in 2017, and is expected to reach $287.00 billion by 2025, growing at a CAGR of 9.5% from 2018 to 2025. Trends in the internet-of-things, increased demand for sensors in the development of smart cities, advancements in sensors and their increasing use in smartphones and other electronic devices, advancement in automation sector, and emerging application of radar in remote sensing drive market growth.
- Radar sensor segment to dominate through 2025
- MEMS segment to lead in terms of revenue through 2025
- Asia Pacific to be lucrative through 2025
- Leading market players include STMicroelectronics, NXP semiconductors N.V., Infineon Technologies AG, Qualcomm Technologies, Inc., Atmel Corporation, Texas instruments Inc., Robert Bosch GmbH, Johnson Controls International PLC., Sony Corporation, and Honeywell International Inc.
Learn more, download a sample of the “Sensor Market” report.
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