Mistery Sensor Market in US and China
The global market for sensors was estimated at $56.3 billion in 2010. It is expected to increase to $62.8 billion in 2011 and then to nearly $91.5 billion by 2016, at a compound annual growth rate (CAGR) of 7.8%.
What Kind of sensor do you need ?The market for biosensors and chemical sensors is expected to experience the highest growth, at a compound annual growth rate (CAGR) of 9.6% during the 5-year period from 2011 to 2016. This sector is expected to be worth $13 billion in 2011 and $21 billion in 2016.
US sales of sensorsImage sensors will experience high growth because of their increased use in smart phones and many other portable devices. The image, flow, and level sensors category is estimated at $18 billion in 2011 and is expected to increase at an 8.5% compound annual growth rate (CAGR) to reach $27 billion in 2016.
US sales of sensors are forecast to climb at a 6.1 percent annual rate through 2016 to $14.9 billion. Process variable sensors will remain the largest category, while chemical property sensors and proximity and positioning sensors will post the fastest growth. Motor vehicles will once again become the leading sensor market as production rebounds from recessionary lows. via Fil control
Market analysis $11.1 billion
This study analyzes the $11.1 billion US sensors industry. It presents historical demand data for the years 2001, 2006 and 2011, and forecasts for 2016 and 2021 by sensor type (e.g., process variable, physical property, proximity and positioning, chemical property, electrical property, imaging) and market (e.g., industrial, motor vehicles, military/aerospace, electronic, medical, consumer electrical and electronic, information technology).more information on this PDF
The study also considers market environment factors, details industry structure, evaluates company market share and profiles 40 industry competitors, including Honeywell, Sensata Technologies, and Northrop Grumman.
Four market needs started a massive adoption of sensors in consumer market:
- Wave solderable microphones for cell phones.
- Portrait/landscape image rotation in iPhone accel Gaming motion detection in WII
- Camera image stabilization (gyro).
- Once sensors found their way into cell phones, many new sensor based apps were and are being developed