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Sensor Market to 2022 Insights profiling key players like STMicroelectronics, NXP semiconductors, Infineon Technologies AG, Qualcomm, Atmel, Texas instruments, Robert Bosch, Johnson controls, Sony Corp, and Honeywell

05-20-2019 06:54 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Premium Market Insights

Sensor Market to 2022 Insights profiling key players like

Global sensor market is expected to reach $241 billion by 2022, growing at a CAGR of 11.3% from 2016 to 2022. The market is accelerated by the growing trend of real-time monitoring applications, advancements in consumer electronics, growing market of building automation, and increasing trend of Internet of Things (IoT). However, the growth in the market is affected by the high development cost of sensors. Immense growth in the automotive sector is expected to thrive the demand for sensors in the near future.

Key players profiled in this report are STMicroelectronics N.V., 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. among others.

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Further the world sensor market is segmented on the basis of type, technology, industry vertical, and geography. Based on type, the market is divided into radar sensor, optical sensor, biosensors, touch sensor, image sensor, pressure sensor, temperature sensor, proximity sensor and displacement sensor, level sensor, motion and position sensor, humidity sensor, accelerometer and speed sensor, and others. On the basis of technology, the market comprises complementary metal-oxide-semiconductor (CMOS), microelectromechanical systems (MEMS), nanoelectromechanical systems (NEMS), and others. Furthermore, the market is categorized on the basis of industry vertical, which includes consumer electronics, IT & telecommunication, industrial, automotive, aerospace & defense, healthcare, and others. The market is analyzed on the basis of four regions, namely, North America, Europe, Asia-Pacific, and LAMEA.

Asia-Pacific dominated the market in 2015, accounting over 45% of the total market revenue and it is expected to maintain its dominance throughout the forecast period. This is accredited to the presence of various manufacturing facilities, ongoing R&D, high consumption, and production of electronic products where sensor is steadily utilized. Further, North America and Europe are the second and third leading regions in sensor market, and are expected to witness slow growth owing to mature electronics and IT & telecommunication industry.

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Table of Contents

Chapter 1: Introduction

Chapter 2: Executive Summary

Chapter 3: Market Overview

Chapter 4: Global Sensor Market, By Type

Chapter 5: Global Sensor Market, By Technology

Chapter 6: Global Sensor Market, By Industry Vertical

Chapter 7: Global Sensor Market, By Geography

Chapter 8: Company Profile

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