Sensors

• [New] Capacitive Sensor Market was valued at USD 25.8 Billion in 2018 and is projected to reach USD 35.4 Billion by 2026, growing at a CAGR of 4.0% from 2019 to 2026.
• [New] The 3D sensors market is poised to grow by USD 14.7 billion during 2020-2024, decelerate at a CAGR of over 29% during the forecast period.
• [New] As IoT sensors become imperative for surveillance and predictive maintenance, IDC estimates by 2025, the average connected person anywhere in the world will interact with their connected devices more than 4,900 times per day.
• [New] While the recent pandemic tamed global economics, the camera module industry is expected to maintain double digit growth for the next five years.
• [New] In the coming years, new technologies will further invade every element of daily life with sensors, cameras and other devices embedded in homes, offices, factories and public spaces.
• The infrared sensor market is expected to register a CAGR of over 12.5% during the forecast period (2020-2025).
• The global medical sensors market is expected to reach USD 19.07 Billion by 2025, from USD 10.07 Billion in 2017 growing at a CAGR of 8.3% during the forecast period of 2018 to 2025.
• The global CCD Image Sensors market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 3.3% in the forecast period of 2020 to 2025 and will expected to reach USD 1753.2 million by 2025, from USD 1542.4 million in 2019.
• China was likely to deploy a ground-based laser weapon in 2020 to target the optical sensors of satellites in LEO, and have a more powerful laser by the mid-2020s that can damage the structural components of LEO satellites.
• Rich data garnered from satellites, air quality evaluations, sensors, and other devices will enable sustainability decisions for the next several decades.
• The number of connected devices will balloon from 4.7 billion, only four years ago in 2016, to roughly 11.6 billion devices in 2021, to over 21 billion by 2025.
• The automotive level sensor market is expected to grow by USD 1.49 billion during 2020-2024.
• Biometric hearables are set to make a substantial impact on the consumer, over-the-counter health, and professional medical markets with a few years, with the market for hearables with biosensors set to reach $5 bn by 2030.
• Hearables are set to make a substantial impact on the consumer, Over-The-Counter health, and professional medical markets with a few years, with the market for hearables with biosensors set to reach $5bn by 2030.
• In 2019, the IoMT market reached an estimated $24 billion, and by 2028, it is expected to exceed $240 billion with a 29% CAGR, largely due to the integration of sensors into more medical technologies and the full implementation of 5G technology.
• The flow sensors market generated a revenue of $6550 million in the year 2020 and is projected to grow at a CAGR of 7.1% throughout the forecast period 2020-2025.
• Japan's drone sensor market is expected to witness rapid growth, in terms of technology and procurement.
• The Global Acoustic Sensors Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2020-2026).
• The automotive ADAS sensors market is expected to grow by USD 24.96 billion during 2020-2024.
• By 2025, the IoT market is expected to grow to around 75 billion connected devices-cars, home appliances and sensors, wearable computers, smart office tools, equipment in smart factories, and more besides.
• Data created by connected IoT devices will experience a compound annual growth rate of 28.7% over the next five years, creating 79.4 zettabytes of data by the year 2025.
• The global CMOS + CCD Image Sensors market is anticipated to rise at a considerable rate during the forecast period, between 2020 and 2026.
• The global fingerprint sensors market is projected to grow at a healthy CAGR of 14.9% over the forecast period to reach US$ 8.809 billion by 2025, from US$ 3.829 billion in 2019.

Last updated: 17 January 2021