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Sensors Market: Global Industry Analysis and Forecast Till 2020

Future Market Insights has announced the addition of the "Sensors Market: Global Industry Analysis and Opportunity Assessment 2014-2020" report to their offering.


London, UK -- (SBWIRE) -- 05/26/2015 -- Sensors have become important part of any automation and measurement application. Sensors are responsible for converting physical phenomena into electrical data which is then measured through a data-acquisition system (DAS). The significant growth of advanced electronic control systems coupled with rise in sensor accuracy, response time, reliability, robustness, miniaturization, efficiency and communications capability is leading to growing demand for sensors across various end-use sectors. Key end-use application sectors for sensors include automotive, manufacturing, chemical industry, aerospace, defense, consumer electronics, medical and energy and utility, among others.

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Various sensor types include bio-sensors, image sensors, pressure sensors, chemical sensors, position sensors, load and force sensors, flow sensors, temperature sensors, level sensors, microelectromechanical (MEMS) sensors and miscellaneous sensors. Types of bio-sensors are optical, electrochemical, piezoelectric and thermistor. Biosensors are expected witness significant growth in demand due to their increasing applications in cardiac monitoring, diabetes monitoring, drug discovery, environmental, agriculture, and bio-defense practices. Types of image sensors include CCD (charge-coupled device) image sensors, linear image sensors, CMOS (complementary metal oxide semiconductors) image sensors, NMOS (N-type metal-oxide-semiconducto) image sensors, INGaAs (indium gallium arsenide) image sensors and X-ray image sensors. Low cost CMOS-based image sensors are driving the growth of image sensor market.

Various product categories of pressure sensors include capacitive pressure sensor, piezoresistive pressure sensor, electromagnetic pressure sensor, resonant solid-state pressure sensor and optical pressure sensor. The pressure sensors market is driven by growing demand from automotive sector. The demand for chemical sensors is driven by increased demand in automotive sector, especially, growth in production of light vehicles. Increasing sales of optical sensors are leading to growth of pressure sensors market. The demand for optical sensors is growing owing to increasing uses in rapidly growing smartphones and tablets market.

Volatility in demand across key end-use sectors is a major challenge to the growth of sensors market. Further, the aftermarket sales channels for various product segments are yet not fully developed and players in sensor industry are putting significant efforts to develop the same. The aftermarket sales are expected to be a significant opportunity for the players across multiple product types such as pressure sensors. Miniaturization is a growing trend in semiconductor industry and this trend is reflected in the sensors market too. MEMS sensors market is fast growing driven by high demand of miniaturized sensors from automotive, aerospace and medical sector.

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Key players in this market include AB Eelectronic, Ltd., American Electronic Components, Inc., Allegro Microsystems, Inc., American Sensor Technologies, Inc., Analog Devices, Inc., Ametek, Inc., Applied Technology Associates, Autoliv, Inc., ATI Industrial Automation, Automotive Technologies International, Inc., BEI Technologies, Inc., Bosch Sensortec GmbH, Casco Products Corp., Bourns Sensors GmbH, China Automotive Systems, Inc., Continental AG, Colibrys SA, Cooper Instruments & Systems, Custom Sensors & Technologies, Crossbow Technology, Inc., Delphi Corp., Endress+Hauser Instruments International AG, Denso Corp., Freescale Semiconductor, Inc., Flow Technology, Inc., GE Measurement & Control Solutions, GE Sensing, George Fischer, Inc., Hitachi Automotive Systems, Infineon Technologies AG, Honeywell Sensing and Control, Integrated Sensing Systems, Inc., Johnson Controls, Inc., Measurement Specialties, Inc., Maxima Technologies, Motion Sensors, Inc, Novotechnik U.S., Inc., Omron Corp., NXP Semiconductors N.V., Oncque Corp., Sensata Technologies B.V., Panasonic Corp., Sensotec, Inc., STMicroelectronics N.V., Siemens AG, and Vishay Intertechnologies, among others.

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