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Sensor Market by End-user and Geography - Forecast and Analysis 2022-2026

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR71913
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The sensor market share is expected to increase by USD 219.90 billion from 2021 to 2026, at a CAGR of 16.81%.

This sensor market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers sensor market segmentation by end-user (electronics, IT and telecom, automotive, industrial, and others) and geography (North America, APAC, Europe, MEA, and South America). The sensor market report also offers information on several market vendors, including Amphenol Advanced Sensors, Bosch Sensortec GmbH, Dwyer Instruments Inc., Honeywell International Inc., Panasonic Corp., Rockwell Automation Inc., Siemens AG, STMicroelectronics NV., TE Connectivity Ltd., and Texas Instruments Inc. among others.

What will the Sensor Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Sensor Market Size for the Forecast Period and Other Important Statistics

 

Sensor Market: Key Drivers and Trends

The rise in demand for IoT technology-based devices is notably driving the sensor market growth, although factors such as network embedded systems may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the sensor industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Sensor Market Driver

The rise in demand for IoT technology is one of the key drivers supporting the sensor market size growth. The IoT technology facilitates the connection of numerous smart gadgets to prompt their operations and data sharing among themselves. Also, the growing need for data analysis and analytics integration is likely to boost the use of IoT-based devices. Meanwhile, it offers energy efficiency, security and surveillance, supply chain optimization, inventory optimization, and labor management. Furthermore, IoT is improving its cold chain monitoring skills for temperature-sensitive food and pharmaceutical commodities. As a result, the increased use of IoT-based devices will boost the market for sensors throughout the forecast period.

Key Sensor Market Challenge

Network embedded systems may hamper the sensor market size growth during the forecast period. Embedded networking is concerned with network architecture and topology, hardware devices, and communication/data exchange protocols required to link and transmit information across embedded systems. Network embedded systems are currently utilized in a wide range of smart gadgets and electronic goods, and they are linked with other devices to deliver valuable measured communication and knowledge instructions via wireless sensing networks. On the other hand, integrating sensors into a gadget raises the cost and shortens the device's life. As a result, this issue may have a major negative influence on market growth over the forecast period.

This sensor market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Sensor Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Amphenol Advanced Sensors
  • Bosch Sensortec GmbH 
  • Dwyer Instruments Inc.
  • Honeywell International Inc.
  • Panasonic Corp.
  • Rockwell Automation Inc.
  • Siemens AG
  • STMicroelectronics NV.
  • TE Connectivity Ltd.
  • Texas Instruments Inc.

 

This statistical study of the sensor market encompasses successful business strategies deployed by the key vendors. The sensor market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The sensor market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Sensor Market?

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39% of the market’s growth will originate from North America during the forecast period. The US is the key market for the sensor market in North America. Market growth in this region will be slower than the growth of the market in APAC.

The rapid growth of the consumer electronics, industrial, automotive, and healthcare sectors will facilitate the sensor market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Sensor Market?

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The sensor market share growth by the electronics segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the sensor market size and actionable market insights on post-COVID-19 impact on each segment.

 

Sensor Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 16.81%

Market growth 2022-2026

$ 219.90 billion

Market structure

Fragmented

YoY growth (%)

18.97

Regional analysis

North America, APAC, Europe, MEA, and South America

Performing market contribution

North America at 39%

Key consumer countries

US, China, Japan, Germany, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Amphenol Advanced Sensors, Bosch Sensortec GmbH , Dwyer Instruments Inc., Honeywell International Inc., Panasonic Corp., Rockwell Automation Inc., Siemens AG, STMicroelectronics NV., TE Connectivity Ltd., and Texas Instruments Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Sensor Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive sensor market growth during the next five years
  • Precise estimation of the sensor market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the sensor industry across North America, APAC, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of sensor market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Electronics - Market size and forecast 2021-2026
    • IT and telecom - Market size and forecast 2021-2026
    • Automotive - Market size and forecast 2021-2026
    • Industrial - Market size and forecast 2021-2026
    • Others - Market size and forecast 2021-2026
    • Market opportunity by End-user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2021-2026
      • APAC - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • MEA - Market size and forecast 2021-2026
      • South America - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Amphenol Advanced Sensors
      • Bosch Sensortec GmbH 
      • Dwyer Instruments Inc.
      • Honeywell International Inc.
      • Panasonic Corp.
      • Rockwell Automation Inc.
      • Siemens AG
      • STMicroelectronics NV.
      • TE Connectivity Ltd.
      • Texas Instruments Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The sensor market growth will increase by $219.90 billion during 2021-2026.
      The sensor market is expected to grow at a CAGR of 16.81% during 2021-2026.
      Technavio has segmented the sensor market by end user (Electronics, IT and telecom, Automotive, Industrial, and Others) and geographic (North America, APAC, Europe, MEA, and South America).
      Amphenol Advanced Sensors, Bosch Sensortec GmbH , Dwyer Instruments Inc., Honeywell International Inc., Panasonic Corp., Rockwell Automation Inc., Siemens AG, STMicroelectronics NV., TE Connectivity Ltd., Texas Instruments Inc. are a few of the key vendors in the sensor market.
      North America will register the highest growth rate of 38.83% among the other regions. Therefore, the sensor market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • China
      • Japan
      • Germany
      • France
      The key factors driving the sensor market growth are:
      • Rise in demand for IoT technology-based devices
      The sensor market vendors should focus on grabbing business opportunities from the electronics segment as it accounted for the largest market share in the base year.
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