Overview of the global torque sensors market
Market research analysts at Technavio predict that the global torque sensors market will grow steadily during the forecast period and will post a CAGR of almost 10% by 2020. This market research analysis identifies the penetration of electric power assisted steering (EPAS) systems in automobiles as one of the primary growth factors for this market. The growing demand for passenger, commercial, and high-performance vehicles have resulted in the higher penetration of EPAS systems in automobiles as they play a major role in achieving the desired fuel-efficiency levels and also consume much lesser energy when compared to the standard steering systems. Since EPAS systems mainly constitute a torque sensor fitted in-line with the steering column, a rapid increase in their adoption will positively impact the growth of this market.
One of the major trends that will gain traction in this market is the rise in demand for wireless connectivity in torque sensors. Focusing on enhancing their energy efficiency and to cut operational costs, industries have the need to closely monitor all involved processes for inconsistencies. This will increase the adoption of industrial wireless sensor networks (IWSNs) as they facilitate the sensing of designated signals. These signals are then interpreted and analyzed by a system that makes conclusions related to several parameters such as machine performance statistics, safety parameters, and automation and robotics. This widespread adoption of IWSNs will demand the wireless connectivity in torque sensors as well and torque sensor manufacturers will start focusing on implementing wireless technology in their
Global market outlook for soil moisture sensors
According to Technavio’s market research analysts, the global market for soil moisture sensors will experience rapid growth and will post a profound CAGR of almost 15% by 2020. The extensive use of soil moisture sensors for the maintenance of sports turf will result in the impressive growth of this market over the forecast period. An important part of maintaining a sports turf is managing water content. This factor affects the performance in terms of ball roll and bounce, but it also affects the growth of the grass, break down of organic matter, the ability of nutrients to move to the roots, and build up within the soil or as a thatch, fauna and flora populations within the root zone, including pathogen populations, and trafficking of the green by club members and grounds staff. Apart from its role in monitoring soil moisture, these sensors can also focus on drainage issues, potential turf stress onset, the evenness of irrigation, or hydrophobicity development.
In terms of geography, the global market for soil moisture sensors was dominated by the Americas, which accounted for more than 55% of the total market share. The presence of a strong agriculture market in this region is a major factor necessitating the adoption of soil moisture sensors during the forecast period. Additionally, factors such as the increased use of computers, scientific soil and crop analysis, and other sophisticated machineries will also lead to the growth of this market over the next four years.
Competitive landscape and key vendors
This market is consolidated and is marked by
Global outlook of the biometric sensors market
According to Technavio’s market research analysis, the global biometric sensors market is projected to grow at a CAGR of around 10% between 2016 and 2020. Several wearable devices, such as smartwatches, smart bands, eyeglasses, and ear pods are incorporating biometric identification capabilities and have the potential to recognize an individual's biometric traits like heart rate and blood pressure. The growing use of such portable, wearable biometric devices will propel the growth of biometric sensors market in the coming years. One of the latest developments in this market is the high adoption of mobile biometrics, thanks to the growing use of smartphones and the easy availability of 4G network connectivity. These factors have facilitated the use of mobile payments and have created a greater need for mobile biometrics to secure the financial details of an individual, which in turn, will drive the growth of the overall market in the coming years.
APAC is the largest revenue-generating region in the market and is likely to occupy more than 34% of the overall market revenue during the forecast period. Much of the region’s growth can be attributed to the growing shift of various organizations from smart-card-based systems to biometric-based systems. The governments of several APAC nations such as India are increasingly using fingerprint biometrics for varied purposes including supervision of employee attendance and for preventing infiltration across borders. The Indian government has also introduced Aadhar Card issued by Unique Identification Authority of India (UIDAI) for biometric attendance system in
Overview of the light sensors market
Technavio’s market research analysts have predicted that the global light sensors market will grow tremendously and will post an impressive CAGR of more than 8% over the forecast period. The extremely high usage of portable consumer electronics, such as smartphones and tablets affects their battery life. The increasing need for power saving has led manufacturers to introduce light sensors in these devices. These light sensors automatically adjust the brightness of the screen depending on the ambient light, and reduces the power consumption by these devices. Since the backlight of mobile displays, such as LCD and LED consumes the maximum amount of power in portable products, the light sensors help optimize the operation of the backlight under different lighting conditions. Furthermore, light sensors also instruct the keypad LED driver to minimize keypad backlighting, which minimizes power consumption by nearly 30% in the input standby power mode. The increasing adoption of light sensors in portable smart devices will fuel this market’s growth in the coming years.
One of the emerging trends spurring the growth prospects for this market is the increasing adoption of fused sensors in smart devices. Sensor fusion involves combining data from several different sensors and arriving at a conclusion, which cannot be obtained using a single sensor. Sensor fusion has several benefits including improved efficiency, better performance, and less power consumption. It also improves the noise level and quality of the computed data. Sensor fusion is being increasingly deployed in smartphones and tablets for augmented reality and context awareness, which can show digital information such as 3D models and videos virtually and also help the user predict any accident or bad fall by tracking the device's motions.
Global outlook of the discrete capacitors market
Technavio’s market research analyst predicts the global discrete capacitors market to grow at a CAGR of more than 5% by 2020. Discrete capacitors are witnessing a high adoption rate across all sectors due to the requirement of increased energy efficiency around the world, the emergence of new technologies such as Internet of things (IoT), the emergence of wearables, and the high demand for energy efficient devices. With the proliferation of technologies such as IoT in wearables, smart homes, industrial automation, and automated cars, the demand for capacitors has increased considerably. The increased popularity of IoT and the increased use of actuators and sensors will augment the usage of sophisticated capacitors with high capacitance in the coming years. The growing trend of miniaturization in the consumer electronic devices such as smartphones has accelerated the demand for smaller and more efficient capacitors.
APAC will continue to dominate the market during the predicted period and is likely to occupy around 77% of the total market revenue. High revenue contribution from APAC is owing to a large number of established original equipment manufacturers (OEMs) and original design manufacturers (ODMs) in this region. APAC has a large number of automobile and industrial equipment manufacturers, which has increased the use of discrete capacitors for automotive applications. Technological advances in the
Overview of the global industrial wireless sensor network (IWSN) market
Market research analysts at Technavio have predicted that the global industrial wireless sensor network (IWSN) market will grow impressively during the predicted period and will post a CAGR of almost 15% by 2020. Operational efficiency comes as the key for the market players to sustain in the highly competitive industrial environment, which has induced industries across the globe to focus more on automation technologies. Automation enables industries to efficient monitor, control, and manage processes, and in turn, achieving operational efficiency. Automation is achieved by deploying industrial robots which help in maximizing productivity and also reducing manufacturing errors. Automation and industrial robots require a number of wireless sensors and the rise in demand for automation and robotics in industries will lead to the rise in demand for IWSNs.
Though the Americas currently dominate the market, the coming years will witness an exponential increase in the demand for IWSNs from APAC and this region will dominate the industry during the later years of the forecast period and will account for almost 34% of the total shares of the market by 2020. The presence of several manufacturing plants in China, the growth of the oil and gas, metals and mining, and aerospace industries in India, and the growth of the automotive industry will fuel the demand for wireless sensors networks from this region.
Competitive landscape and key vendors
The market is characterized by the presence of a large
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.