Report Highlights
The global market for sensors is estimated to increase from $179.7 billion in 2023 to reach $300.5 billion by 2029, at a compound annual growth rate (CAGR) of 8.9% from 2024 through 2029.
Report Includes
- 126 data tables and 49 additional tables
- An overview of the global market and technologies for sensors
- Analysis of global market trends, featuring revenue data for 2023, estimated figures for 2024, forecasts for 2025, 2028, and projected CAGRs through 2029
- Evaluation of the current market size and revenue growth prospects specific to sensors, along with a market share analysis by type, application, and region
- Assessment of the sensor life cycle and the future of the sensor industry
- Coverage of the latest sensor developments, including R&D, emerging technologies, government regulations and mandates, and economic trends
- Discussion of how to overcome challenges in commercialization
- A look at ESG trends
- Determination of the key companies’ market shares, their proprietary technologies, strategic alliances, and patents
- Company profiles of major players within the industry, including Amphenol Corp., TE Connectivity, Infineon Technologies AG, Honeywell International Inc., and Robert Bosch GmbH
Report Scope
This report provides an overview of the global market for sensor technologies and analyzes market trends. Using 2023 as the base year, the report provides estimated market data for the forecast period from 2024 to 2029. Revenue forecasts for this period are segmented based on type, end-use industry and geographical region.
This report also focuses on the major driving trends and challenges that affect the market and the vendor landscape. It surveys the current trends operating in the global sensors market, and concludes with an overview of this market’s competitive landscape, including profiles of the major players.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||||||||
| Forecast period considered | 2024-2029 | ||||||||||||||||
| Base year market size | $179.7 Billion | ||||||||||||||||
| Market size forecast | $300.5 Billion | ||||||||||||||||
| Growth rate | CAGR of 8.9% for the forecast period of 2024-2029 | ||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||
| Segments covered | Type, Technology, End-use industry, Region | ||||||||||||||||
| Regions covered | America, Europe, Asia-Pacific, Middle East and Africa | ||||||||||||||||
| Countries covered | U.S., Canada, Mexico, South America, U.K., Germany, France, Italy, Poland, Spain, Netherlands, Turkey, Russia and others, China, India, Japan, South Korea, Thailand, Singapore, Vietnam, Australia and others, Middle East and Africa | ||||||||||||||||
| Key Market Drivers |
| ||||||||||||||||
| Companies studied |
| ||||||||||||||||
Need a custom data table, graph, region, segment, companies or complete report?CUSTOMIZE NOW
Frequently Asked Questions (FAQs)
What is the projected market size and growth rate of the market?
The market is projected to reach $300.5 billion by 2029, growing at a CAGR of 8.9%.
What are the key factors driving the growth of the market?
The key factors driving the market include the growth of MEMS sensors, IO-link technology, miniaturization and more.
What segments are covered in the market?
- By Sensor Type.
- By Technology.
- By Industry.
- By Region.
By sensor type, which segment will dominate the market by the end of 2029?
By sensor type, image sensors are expected to dominate the market by the end of 2029.
Which region has the highest market share in the market?
Americas holds the highest share of the global sensors market.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment.The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights.With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Consulting Editor’s Credentials
Jason Chen has been an analyst and consultant for the polymer, composite, fibre, textile and energy industries for 19 years. He works as a researcher, writer and/or editor for the American Composites Manufacturers Association (ACMA), China Textile Academy (CTA), China Chemical Fiber Association (CCFA), International Fiber Journal, Filtration News, Platts Emission Daily, Vision Systems Design, Pesticide and Toxic Chemical News and MobileTex. He has a degree in Civil Engineering, Chemicals and Advanced Materials from Shantou University.
Let us assist you! Our analysts are ready to tailor this report to your specific need. Talk to Our Analyst
Published - Apr-2022|Analyst - BCC Publishing|Code - IAS006N
Report Highlights
The global market for sensors is estimated to grow from $156.6 billion in 2021 to reach $249.6 billion by 2026 at a compound annual growth rate (CAGR) of 9.8% during the forecast period of 2021-2026.
Report Includes
- 132 tables
- An up-to-date review and analysis of the global market for sensors technologies
- Analyses of the global market trends, with historic data from 2020 and 2021, estimates for 2022 and 2024, and projections of compound annual growth rates (CAGRs) through 2026
- Evaluation and forecast the global sensors market size in dollar value terms, projected growth rate, and corresponding market share analysis by technology, application, end use industry, and region
- Latest information on major market dynamics (DROs), technology advancements, industry structure, regulatory scenario, and other significant factors affecting the sensors applications market growth
- Understand the upcoming market opportunities and areas of focus to forecasting the market into various segments
- Insight into the impact of the COVID-19 pandemic on the sensors industry
- Review of patents and new developments in the sensors industry, and number of U.S. patent grants for innovations in sensor technologies across each major category
- Details of recent industry strategies such as key M&A deals, agreements, collaborations and joint ventures within sensors industry
- Competitive landscape of the key industry participants operating within the global sensors market, and their company share analysis
- Profile descriptions of the leading industry players, including Accel AB, ams AG, Delphi Automotive PLC, Endress+Hauser, Hitachi Automotive Systems, Honeywell Sensing and Controls, Mitsubishi Electric Corp., NXP Semiconductors, Omron Corp., Robert Bosch GmbH, Rockwell Automation Inc., STMicroelectronics and Texas Instruments Inc.
Published - Jul-2014|Analyst - Srinivasa Rajaram|Code - IAS006F
Report Highlights
The global market for sensors was valued at $79.5 billion in 2013 and is expected to increase to $86.3 billion in 2014, $95.3 billion in 2015, and to nearly $154.4 billion by 2020, a compound annual growth rate (CAGR) of 10.1% over the five-year period from 2015 through 2020.
Report Includes
- An overview of the global market for sensors in various applications, including biosensors, chemical sensors, image sensors, flow sensors, and level sensors.
- Analyses of global market trends, with data from 2013-2015, and projections of compound annual growth rates (CAGRs) through 2020.
- Explanations of the role of sensors in various applications, the technology and innovation behind sensor development and production, and major market trends both in terms of region and application sector.
- Comprehensive company profiles of major players.
Published - Apr-2013|Analyst - Srinivasa Rajaram|Code - IAS006E
Report Highlights
The global market for sensors by type reached $68.2 billion in 2012 and is expected to reach $79.5 billion in 2014. The market is expected to rise at a CAGR of 7.9% and reach $116.1 billion by 2019.
Report Includes
- An overview of the global market for sensors in various applications, including biosensors, chemical sensors, image sensors, flow sensors, and level sensors
- Analyses of global market trends, with data from 2012, estimates for 2014, and projections of compound annual growth rates (CAGRs) through 2019
- Explanations of the role of sensors in various applications, the technology and innovation behind sensor development and production, and major market trends both in terms of region and application sector
- Evaluations of new developments in the sensors industry with respect to continuous improvements in environmental performance
- Comprehensive company profiles of major players.
Published - Mar-2011|Analyst - Srinivasa Rajaram|Code - IAS006D
Report Highlights
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%.
Published - Nov-2004|Analyst - B.L. Gupta|Code - IAS006C
Report Highlights
The overall U.S. industrial sensor market will rise at an average annual growth rate (AAGR) of 4.6%, from $6.1 billion in 2004 to $7.6 billion in 2009.
Average annual growth is expected to be somewhat higher through 2006 and then fall off somewhat through the remainder of the period.
Strongest growth arises from the semiconductor industry and further integration of microelectromechanical systems, all of which are expected to grow at an average annual rate of 7.6%, reaching $2.5 billion by 2009.
The rapid pace of growth is attributed to competitive pressures in process industries for improved performance, and to new sensor technologies that are experiencing tremendous success.
Published - Jan-2002|Analyst - Calvin Swift|Code - IAS006B
Report Highlights
U.S. sales of industrial sensors will rise at an average annual growth rate (AAGR) of 6.2% from $5 billion in 2001 to $6.78 billion by 2006.
Strongest growth comes from developments in the semiconductor industry and the successful integration of micro-electromechanical systems (MEMS). These devices are expected to grow at an AAGR of 9.4% to $2.11 billion by 2006.
These technologies will make up the largest market segment in 2006, rising from their current number two position.
Older, mature passive, active and electromechanical sensor technologies will grow at more subdued AAGRs of 5.5%, 4.3% and 5.1%, respectively.
