Sharing

• Global Fingerprint Sensor Marketis expected to rise from its initial estimated value of USD3.58 billion in 2019 to an estimated value of USD11.73 billion by 2026 registering a CAGR of 15.98% in the forecast period of 2019-2026.
• Developing technologies such as Air-Elastic water consumption tracking, reminders sensors, a touch sensor to know when it was opened or used, which will bring new opportunities in the market in coming years.
• The Europe IoT Sensor market accounted for US$ 2,304.5 Mn in 2018 and is expected to grow at a CAGR of 24.9% over the forecast period 2018-2027, to account for US$ 17,158.7 Mn in 2027.
• Japanese Ministry of Defense officials confirmed plans to study a space-based early missile warning system by testing an experimental infrared sensor in 2020.
• The global beacon market will expand considerably in the coming years and a significant amount of growth can be entirely attributed to the integration of IoT.
• The many benefits provided by sensors is fueling a projected 13.2% compound annual growth rate for the sensor market through 2023, with estimates of one trillion sensors being deployed across the globe by 2020.
• This year in the world of smartphone fingerprint sensors, Qualcomm's ultrasonic in-display fingerprint reader, the 3D Sonic Sensor, is expected to get widespread adoption.
• Largely due to global distribution and growing internet availability, the demand for connected devices will increase while the cost of sensors, sensor technologies, and high-speed internet decreases.
• The Scottish Government has a unique opportunity to deliver innovative drug policy that would transform Scotland from the drug-death capital of Europe.
• The beacon technology market in the retail sector is expected to grow 50% by the year 2024.
• Products built with MEMS technology are forecast to account for 73% of the $9.3 billion semiconductor sensor market in 2018 and around 47% of the projected 24.1 billion total sensor units to be shipped globally this year.
• The global smart home market was valued at around $24.1 billion in 2016 and is expected to grow to $53.45 billion by 2022, an increase of over 14.5 per cent each year.
• The global Piezoelectric Sensor market is valued at 1550 million US$ in 2018 is expected to reach 2150 million US$ by the end of 2025, growing at a CAGR of 4.2% during 2019-2025.
• According to TSR, the number of smartphones with two or three rear cameras will grow from just 8% of the market in 2017, to over 20% by 2022, when the estimated total market size will be 5.5 billion phones.
• In a smart city, a motion sensor connected to a barrier could trigger a camera which would trigger an alert in the operations centre, allowing for rapid and appropriate response.
• According to MRFR, the global Sensor Market is expected to reach approximately USD266.27 billion by the end of 2023 with 11.60% CAGR during forecast period 2017-2023.
• The global market for BCI technology is expected to witness a compounded annual growth rate of 22.8% between 2018 and 2023, driven by an increasing demand for sensor technology globally.
• Sensors Market, by type has dominated by image sensor in 2018 and is expected to generate market value of USD5 billion by 2023 growing with 11.24% CAGR.
• An analysis from Future Market Insights predicts that the value of the North American market for plasmonic sensor applications alone will grow from nearly $250 million in 2017 to nearly $470 million by 2027.
• The worldwide market for Residential Sensor Faucet in Retail is expected to grow at a CAGR of roughly 2.9% over the next five years, will reach 78 million US$ in 2023, from 66 million US$ in 2017.
• The worldwide market for Fingerprint Sensor is expected to grow at a CAGR of roughly 5.4% over the next five years, will reach 1650 million US$ in 2023, from 1200 million US$ in 2017.
• The automotive sensor market is expected to flourish in the next few years because of increasing consumer demand and acceptance of advanced technology equipped vehicles which are expected to feed through in the latter part of the decade driving growth to new heights.

See full forecast

Last updated: 25 August 2019