Global market for sensors to reach nearly $154.3 billion by 2020

Sensors have become indispensable to many key industries, as they provide vital information about many parameters, such as temperature, position, chemistry, pressure, force and load, and flow and level; therefore, they can affect products, processes and systems. Silicon-wafer technology is particularly important to the market for sensors as silicon has been shown to be a very good material for use in sensors. With the development of new products, research and development is taking the sensor technology to new heights and the hope of considerable growth in the foreseeable future.

BCC Research provides a detailed analysis of the global sensors market through its report, Global Markets and Technologies for Sensors. According to the report, this market was valued at $79.5 billion in 2013 and is expected to increase to $95.3 billion in 2015. This is estimated to reach $154.3 billion by 2020 with a compound annual growth rate (CAGR) of 10.1% from 2015 through 2020.

RSS Feeds – Instrumentation and Sensors

Use this report for, but not limited to, the following reasons:

• Gain an overview of the global market for sensors in various applications, including biosensors, chemical sensors, image sensors, flow sensors, and level sensors
• Analyze global market trends, with data from 2013, and projections of compound annual growth rates (CAGRs) through 2020
• Understand the role of sensors in various applications, the technology and innovation behind sensor development and production, and major market trends both in terms of region and application sector
• Review comprehensive company profiles of major players in the industry

SAMPLE FIGURE

GLOBAL MARKET FOR SENSORS BY TYPE, 2013–2020

($ MILLIONS)

 

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