Outlook of the global PIR motion sensor market
Technavio’s market research analyst predicts the global passive infrared (PIR) motion sensor market to grow at a steady CAGR of around 11% during the forecast period. The increasing military and defense expenditure of various countries is likely to drive the PIR motion sensor market during the predicted period. Since these sensors are primarily used for target discrimination, they can detect and localize moving targets. Many countries in South Asia, Eastern Europe, and the Middle East have increased their military budget for R&D activities to develop more equipment and to upgrade their existing detecting and tracking technologies. This increase in the military spending is likely to create a demand for PIR sensors.
The recent increase in public construction projects is expected to drive market growth until the end of 2020. Recently, it has been observed that new construction projects like public buildings, private residences, office buildings, shopping complexes, and airports are installing systems such as automatic doors, escalators, and automatic taps, which deploy PIR motion sensors. This increase in the construction of public buildings and office buildings, which require PIR motion sensors for the efficient functioning of escalators and automatic doors, will result in the augmented adoption of such sensors during the estimated period.
Application-based segmentation of the PIR motion sensor market
- Security application
- Commercial application
- Smart home application
- Military and defense application
The security application segment currently dominates this market and is expected to grow at a CAGR of around 7% until 2020. PIR sensors are highly cost effective and are considered to
Outlook of the magnetic field sensor market
Technavio’s market research analysts have predicted that the global magnetic field sensor market will witness rapid growth and will post a stupendous CAGR of close to 10% over the forecast period. Magnetic field sensors play an important role in the functioning of e-compasses, as it helps determine the direction. The global demand for e-compasses is rising due to their ability to improve user navigation. Moreover, the augmented use of GPS for navigation will also aid in the growth of this market in the coming years. Furthermore, the advent of self-drive car technology will require numerous magnetic field sensors to ensure that the vehicle moves in the correct direction. E-compasses are also being used as navigation tools in gaming devices, tablets, and smartphones. The development of standards like LTE and LTE-A will present new opportunities for location-based tracking that utilizes magnetic sensors, which will propel this market’s growth during the predicted period.
Globally, individuals are increasingly adopting wearable devices to enhance the quality of their lifestyle. Wearable technology is a mobile form of communications technology that is worn on the body and can be used to monitor daily activities and access smartphone functionalities. It includes smart watches, smart fabrics, heart rate monitors, and fitness tracking gadgets. Also, magnetic sensor manufacturers such as Infineon have started developing MEMS magnetic sensors to support the requirements of wearable technology. The technology is expected to gain significant momentum, which will aid in the growth of the magnetic field sensors market over the next four years.
Competitive landscape and key vendors
Overview of the color detection sensor market
According to the market research analysts at Technavio, the global color detection market is anticipated to witness rapid growth and will post an impressive CAGR of more than 8% over the forecast period. Color detection sensors are used in smartphones for the detection of color brightness, temperature, and RGB components of ambient light. These days, most smartphones are integrated with color sensors that help analyze the RGB components of light. Based on this analysis, the phone adjusts the brightness of the display and backlight for a clear viewing experience. Apple and Samsung are the largest buyers of color sensors for smartphones and with the proliferation of the smartphone market, the color detection market is likely to have a positive impact in the coming years.
Developing nations such as India, China, Brazil, and Mexico are anticipated to be the potential market for color detection sensors during the predicted period. The governments of these nations are investing a lot of money to propel research and development activities and upgrade technologies in the medicine, food and health, biotechnology, and industrial segments. Also, the increasing need to improve drug safety, drug discovery, and efficacy in the drug development process will have a major impact on the growth of the market in the future. The governments’ initiation, funding, and collaboration with key players and mid-sized biopharmaceutical companies, as well as academic research institutes, will bolster this market’s growth prospects.
Competitive landscape and key vendors
The color detection sensor market is highly competitive due to the presence of well-established vendors. Most vendors are constantly working to upgrade their systems or adopt new technologies to gain a
Overview of the global light emitting diode (LED) packaging equipment market
Market research analysts at Technavio have predicted that the global light emitting diode (LED) packaging equipment market will grow steadily at a CAGR of almost 2% by 2020. Features such as energy efficiency, light weight, high power, and small size have induced automobile manufacturers to replace halogen lights with LEDs. Due to the long lifespan, less amount of energy consumption, and the comparatively low light temperature of LED headlamps, automobile manufacturers have started using LEDs in both interior and exterior lighting applications. Technological advances in automobiles and the increase in production capacity of automobile manufacturers will drive the automotive lighting market in the coming years, which in turn will aid in the growth of the LED packaging equipment market.
This market research and analysis considers the emergence of COB (chip on board) technology as one of the major trends that will gain traction in this market during the forecast period. Benefits such as the capability to spread light across a large area, effective thermal management, homogenous luminosity, energy efficiency, and compactness will ensure the increased adoption of the COB LEDs will require the adoption of new and advanced LED packaging processes, which will demand the replacement of older packaging equipment.
Competitive landscape and key vendors
The market is characterized by the presence of large and small scale LED packaging equipment manufacturers. The market is dominated by a few major players and vendor competition in the market is moderate. Vendors have the need to comply with constant technological
Overview of the global biosensor market for non-clinical applications
The global biosensor market for non-clinical applications is anticipated to witness impressive growth and will post a staggering CAGR of more than 11% over the forecast period. Nanotechnology is an emerging technology that involves the study, creation, manipulation, and use of materials, devices, and systems with dimensions lesser than 100 nm. It also plays a crucial role in the development of biosensors. Nanomaterials not only help introduce several new signal transduction technologies in biosensors but also improve the sensitivity and performance of biosensors. The development of nanotech has resulted in an increase in the applications of nanomaterials in biosensors to a large extent. For example, nanomaterials-based biosensors can significantly increase the sensitivity and specificity of biomolecule detection, detect and manipulate atoms and molecules, and also show potential in applications such as biomolecular recognition, pathogenic diagnosis, and environment monitoring. Moreover, various kinds of nanomaterials, including carbon nanotubes, gold nanoparticles, and quantum dots are being increasingly used in biosensors due to their unique chemical, physical, mechanical, magnetic, and optical properties. The is anticipated to result in the manufacturing of better and more efficient biosensors, leading to their augmented adoption in the coming years.
The integration of biosensors with social networks is one of the significant trends driving this market’s growth during the predicted period. Health and other fitness-related statistics obtained with the help of biosensors become more relevant when the data can be compared with those of others. The Biogram app, which was launched in 2015, allows users to stamp their heart rate data on photos before sharing them on Instagram. Similar options
Overview of the temperature sensor market
The global market for temperature sensor is positively affected by the extensive applications of temperature sensors in the food and beverage and oil and gas industries. Recently, the temperature sensor industry has been witnessing high demand from the food and beverage sector, where they are used for quality assurance of products from production to storage. As most consumables need to be kept at specific temperatures to maintain their freshness and quality, a minor variation in temperature can lead to poor quality and high chances of contamination, making the food unfit for consumption. Moreover, temperature sensors monitor the temperature of the food, alerting the workers when there is a deviation from the temperature range. Furthermore, the temperature sensors also find wide applications in the oil and gas industry. They are fitted into oil drills to read the temperature when machine drills deep inside the earth. As there is a possibility of the machine getting overheated due to high temperatures, these temperature sensors are used to prevent the machine from reaching the danger level. Comprehensive market research studies carried out by the analysts at Technavio has shown that the global temperature sensor market will grow at a CAGR of more than 4% until 2020.
In this industry research report, the analysts have estimated factors like the growing demand for contactless temperature sensors is going to impel the growth prospects of this market in the coming years. Contactless sensors are not only convenient to use, but they are less complex and provide more accurate results than contact temperature sensors. Moreover, contactless sensors are small in size, occupy less space, and have a top-of-the-line acquisition system, making them very useful. These sensors are used to monitor the temperature in hazardous environments such as places exposed to radiation and
Over the last decade, the number of industries and products that use sensors have increased dramatically. Sensors are used in automobiles for things like reversing and detecting low fuel and in homes for things like detecting gas leaks and sensing unauthorized entry.
Because of this, the use of sensors across various industries has increased and is expected to continue to increase over the next few years.