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Sensors Market Emerging Trends 2027- Lead By TE Connectivity, Texas Instruments, Keyence, Broadcom, Bosch Sensortec, Microchip Technology, Infineon Technologies AG

Press release   •   Jul 17, 2019 12:30 IST

Sensors Market

Sensors are gaining popularity in every industry vertical due to the growing demand for automation and increasing digitization. There have been advancements in technologies which has driven the market for sensors. Sensors are used in different industry verticals such as automotive, electronics, aerospace, healthcare, and defense, among others. The growing popularity of predictive maintenance and autonomous vehicles are the major factors that are creating lucrative business opportunities for sensors market. 

Growing popularity of IoT, increasing demand for smart cities, and increasing demand for automation are the major factors that are expected to drive the growth of sensors market. Sensors market is a highly fragmented market with the presence of a large number of established as well as tier 2 companies. Companies operating in sensors market are focusing on providing advanced solutions attract more customers and gain a strong customer base. 

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The global sensors market is segmented on the basis of type, technology and industry vertical. Based on type, the market is segmented as radar sensor, optical sensor, biosensor, touch sensor, image sensor, pressure sensor, temperature sensor, proximity sensor, level sensor, position sensor, humidity sensor, speed sensor, and others. On the basis of Technology the market is segmented as CMOS, MEMS, NEMS, and others. Based on the industry vertical the market is segmented into electronics, IT and Telecom, automotive, aerospace and defense, healthcare, others.

The report analyzes factors affecting sensors market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the sensors market in these regions.

The reports cover key developments in the sensors market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from sensors market are anticipated to lucrative growth opportunities in the future with the rising demand for sensors in the global market. Below mentioned is the list of few companies engaged in the sensors market.

In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years. - Bosch Sensortec GmbH - Broadcom Inc. - Infineon Technologies AG - Keyence - Microchip Technology Inc. - NXP Semiconductor - Panasonic Corporation - STMICROELECTRONICS - TE Connectivity - Texas Instruments. 

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