What is the current Sensors Market size?

The Sensors Market is projected to register a CAGR of 7.80% during the forecast period (2024-2029) Read More

Who are the key players in Sensors Market?

Texas Instruments Incorporated, TE Connectivity Ltd, Omega Engineering Inc., Honeywell International Inc. and Rockwell Automation Inc. are the major companies operating in the Sensors Market. Read More

Which is the fastest growing region in Sensors Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Sensors Market?

In 2024, the North America accounts for the largest market share in Sensors Market. Read More

What years does this Sensors Market cover?

The report covers the Sensors Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Sensors Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Which sector is expected to provide the most opportunities for the Sensors Market?

The automotive sector is projected to offer significant opportunities due to the increasing integration of sensors in autonomous and electric vehicles. Read More

Sensor Market Analysis | Industry Forecast, Size & Report Insights

Sensor Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

The Global Sensor Market Report is segmented by parameters measured (temperature, pressure, level, flow, proximity, environmental, chemical, inertial, magnetic, vibration, and other parameters measured), by mode of operation (optical, electrical resistance, biosensor, piezoresistive, image, capacitive, piezoelectric, LiDAR, radar, and other modes of operation), by end-user industry (automotive, consumer electronics (smartphones, tablets, laptops, and computers, wearable devices, smart appliances or devices, and other consumer electronics)), by energy, industrial, medical and wellness, construction, agriculture, and mining, aerospace, and defense), and geography( North America, Europe, Asia-Pacific, Latin America and Middle East and Africa). The market size and forecasts are provided in terms of value (USD) for all the above segments.

Sensor Industry Overview

The increasing presence of prominent manufacturers in the sensor industry is expected to intensify competitive rivalry during the forecast period. Market incumbents, such as Texas Instruments Incorporated, TE Connectivity Inc., Omega Engineering Inc., etc., considerably influence the overall market. These firms have continuously expanded their operations by focusing on market expansions and acquisitions. Continuous product launches and technological upgrades effectively set the ball rolling regarding overall market growth in the sensor sector.

In January 2023, NXP Semiconductors launched a new industry-first 28 nm RF CMOS radar one-chip IC family for next-generation ADAS and autonomous driving systems. The new single-chip SAF85xx family integrates NXP's powerful radar detection and processing technology into a single device, giving Tier 1s and OEMs new flexibility to address short-, medium-, and long-range radar applications.

In April 2022, Kistler released its latest 4017-A piezoresistive absolute pressure sensor for usage in engine development and hydraulic and pneumatic applications in hot and cold environments. The PR pressure sensors can also be employed for dynamic pressure measurements due to their ability to capture rapidly changing pressures, even in low-pressure ranges.