Sensors

• The global market for advanced driver assistance systems (ADAS) is expected to reach more than $67 billion by 2025, growing more than 10% each year, though automotive sensor growth has been slowed by COVID-19.
• The Global Biomedical Sensor market is expected to reach $18.90 billion by 2026 growing at a CAGR of 8.0% from 2018 to 2026.
• The market for printed sensors, which includes both organic and flexible sensors, will reach $4.5bn by 2030, with a host of new use cases in automotive, healthcare, supply chain logistics and other markets.
• Global Smart Sensors Market is expected to rise from its initial estimated value of USD 31.49 billion in 2018 to an estimated value of USD 120.79 billion by 2026, registering a CAGR of 18.3% in the forecast period of 2019-2026.
• Smart infrastructure: Large-scale creation of smart buildings and use of smart sensors could save roughly $940 billion by 2030.
• The global market for CMOS image sensors will approach about $30 billion over the next few years, positioning SiLC Technologies, with its recent release of high-performance 4D + Vision Chip, to achieve optimum growth in the near future.
• The Giant Magnetoresistive Sensors market was valued at US$ 122.2 Million in 2018 and is projected to reach US$ 221.5 Million by 2025, at a CAGR of 8.9% during the forecast period.
• The overall market for printed and flexible sensors is forecast to reach $4.5 billion (€3.9 billion) by 2030, with especially rapid growth in hybrid image sensors that will grow from less than $1 million (€0.87 million) today to around $800 million (€698 million) by 2030.
• The gas sensors market was valued at USD 629.22 million in 2019 and is expected to reach USD 848.95 million by 2025, at a CAGR of 6% over the forecast period 2020-2025.
• Driven by the demand for smart solutions such as smart water meters, smart online water sensors, and smart non-revenue water (NRW) leak management, the global smart water grid market is expected to reach $22.2 billion in 2020.
• The successful development of fully autonomous systems is expected to be slower than anticipated, overlapping with technological developments in low-power sensors, propulsion and artificial intelligence.
• Automotive angular positions sensors market is expected to attain a good growth by 2027 witnessing market growth at a rate of 7.90% in the forecast period of 2020 to 2027.
• Pent-up demand will restore growth later this year, with the CMOS imaging sensor market storming back in 2021 with sales rebounding by a projected 15% to a new record-high of $20.4 billion.
• Aircraft Sensors Market was worth USD 1.68 billion in 2017 and is projected to reach USD 2.36 billion by 2023, registering a CAGR of 5.86% over the period 2018-2023.
• The global automotive sensors market is expected to garner USD 45.76 Billion by the end of 2024.
• The wearable health sensors market is expected to register a CAGR of 12.70% over the forecast period (2018-2023).
• The acoustic sensors market is poised to grow by USD 366 mn during 2020-2024, progressing at a CAGR of almost 10% during the forecast period.
• 2.5 quintillion bytes of data is being generated every day and around 1 trillion sensors are going to be connected to network by 2022.
• RTD temperature sensors market is expected to reach USD 1.90 billion by 2027 witnessing market growth at a rate of 5.50% in the forecast period of 2020 to 2027.
• The global Fingerprint Sensor market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 8.1% in the forecast period of 2020 to 2025 and will expected to reach USD 4094.7 million by 2025, from USD 2994.2 million in 2019.
• The CCD Image Sensors Market was valued at USD 1.82 billion in 2019 and is expected to reach USD 2.60 billion by 2025, at a CAGR projected at 6% over the forecast period 2020-2025.
• Global Automotive Sensors Market was valued at $22 billion in 2015, and is projected to reach $37 billion by 2022, growing at a CAGR of 7.5% from 2016 to 2022.
• The Global Inertial Sensors market is projected to gain CAGR predicted period between 2019 to 2024.

Last updated: 04 October 2020