Sensors Market - Global Industry Analysis and Opportunity Assessment 2014

Global Sensors
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Report Description
Sensors have become important part of any automation and measurement application.
Sensors are responsible for converting physical phenomena into electrical data which is
then measured through a data-acquisition system (DAS). The significant growth of
advanced electronic control systems coupled with rise in sensor accuracy, response time,
reliability, robustness, miniaturization, efficiency and communications capability is
leading to growing demand for sensors across various end-use sectors. Key end-use
application sectors for sensors include automotive, manufacturing, chemical industry,
aerospace, defense, consumer electronics, medical and energy and utility, among others.
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Various sensor types include bio-sensors, image sensors, pressure sensors, chemical
sensors, position sensors, load and force sensors, flow sensors, temperature sensors,
level sensors, microelectromechanical (MEMS) sensors and miscellaneous sensors. Types
of bio-sensors are optical, electrochemical, piezoelectric and thermistor. Biosensors are
expected witness significant growth in demand due to their increasing applications in
cardiac monitoring, diabetes monitoring, drug discovery, environmental, agriculture, and
bio-defense practices. Types of image sensors include CCD (charge-coupled device) image
sensors, linear image sensors, CMOS (complementary metal oxide semiconductors)
image sensors, NMOS (N-type metal-oxide-semiconducto) image sensors, INGaAs (indium
gallium arsenide) image sensors and X-ray image sensors. Low cost CMOS-based image
sensors are driving the growth of image sensor market.
Report Description
Various product categories of pressure sensors include capacitive pressure sensor,
piezoresistive pressure sensor, electromagnetic pressure sensor, resonant solid-state
pressure sensor and optical pressure sensor. The pressure sensors market is driven by
growing demand from automotive sector. The demand for chemical sensors is driven by
increased demand in automotive sector, especially, growth in production of light vehicles.
Increasing sales of optical sensors are leading to growth of pressure sensors market. The
demand for optical sensors is growing owing to increasing uses in rapidly growing
smartphones and tablets market.
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Volatility in demand across key end-use sectors is a major challenge to the growth of
sensors market. Further, the aftermarket sales channels for various product segments are
yet not fully developed and players in sensor industry are putting significant efforts to
develop the same. The aftermarket sales are expected to be a significant opportunity for
the players across multiple product types such as pressure sensors. Miniaturization is a
growing trend in semiconductor industry and this trend is reflected in the sensors market
too. MEMS sensors market is fast growing driven by high demand of miniaturized sensors
from automotive, aerospace and medical sector.
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