Sensor Market, by Product Type (Radar Sensor, Optical Sensor, Biosensors, Touch Sensor, Image Sensor, Pressure Sensor, Temperature Sensor, Proximity Sensor and Displacement Sensor, Level Sensor, Motion and Position Sensor, Humidity Sensor, and Accelerometer and Speed Sensor), by Technology (Complementary Metal–Oxide–Semiconductor (CMOS), Micro-electro-mechanical Systems (MEMS), and Nano-Electromechanical Systems (NEMS)), by Component (Analog to Digital Converter (ADC), Digital to Analog Converter (DAC), and Microcontroller), by Applications (Automotive, Aerospace, Industrial, Home Automation, Healthcare, Entertainment, and Security), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)- Size, Share, Outlook, and Opportunity Analysis, 2018-2026

  • To Be Published : Dec 2018 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Sensor is a device that detects different types of physical input such as light, heat, motion, moisture, and pressure, among others. This data transmits to an electronic device for further processing. Sensors find applications in various industries such as electronics, IT & telecommunication, automotive, and healthcare. 

Increasing demand for Internet of things (IoT) is one of the major driving factors for growth of the market

Increasing utilization of internet of things (IoT) is a major factor expected to boost growth of the global sensors market. Major benefits associated with IoT devices is tracking data in real-time, and providing more accurate data, which in turn leads to better decision making. Owing to these features, advent of IoT technology has led to increased adoption of smart devices such as smart watch, smart grid, smart homes, and smart water networks. For instance, according to the Coherent Market Insights' analysis, the total unit of smart watches sales in 2016 was US$ 36 million and it increased to US$ 76 million in 2017, globally. These systems are incorporated with different types of sensors that help in integrating several functionalities in a single chip such as seamless transfer and exchange of data. Moreover, sensors can be utilized for various applications including monitoring, security as well as intelligent lighting systems. For instance, according to the Coherent Market Insights’ analysis, the number of total IoT connected devices was around 15.4 billion in 2015 across the globally. Therefore, these devices require sensors which in turn is propelling growth of the global sensors market.

Increasing demand for sensors in smartphones another key factor supporting growth of the global sensors market

Smartphone are incorporated with different types of sensors such as gyroscope, proximity sensors, motion sensors, ambient light sensor, proximity, biometric sensors, and temperature detector that are used to measure motion, orientation, and various environmental conditions. These sensors are capable of providing data with high precision and accuracy, which in turn aids in automatic control. Smartphone manufacturing companies have increased the number of sensors in their devices to enhance the overall user interface experience, which is expected to aid in growth of the market. For instance, in September 2017, Apple launched iPhoneX with the FaceID unlock features. The company has incorporated four sensors, which in turn provides accurate facial recognition in any lighting conditions. Hence, these factors are accelerating the global sensors market growth.

High cost of smart sensors development is a key factor restraining the global sensors market growth

Devices that are incorporated with sensors add extra value to the devices, which is one of the major factors restraining growth of the market. Another factor expected to restrain global sensors market growth is the limited functionality of sensors. Electronic systems are dependent on sensors, microcontrollers, and semiconductors to function. The sensors are responsible for detecting information and convey it to an Electronic Control Unit (ECU). The ECU processes the data through an algorithm, and then it helps in decision making and automating the process. Hence, limited functionality of sensors is reducing its dependability. This factor is further hindering the global market growth.

Global Sensor Market: Regional Insights

North America accounted for largest market share in global sensors market in 2017 and is expected to retain its dominance during the forecasted period. This is owing increasing usage of IoT devices in various verticals such as automotive, healthcare, agriculture, and others. This is one of the factors help in propelling growth of the market in this region. For instance, according to the Coherent Market Insights' analysis, in the U.S., around 60% of the healthcare industry have used IoT in 2017 for diagnosis and monitoring of the patient health. IoT devices in the healthcare sector helps in cost reduction, as healthcare specialists can take advantage of remote health monitoring, without the patient being present in the hospital. Additionally, advancement in wearable health gadgets such as the Apple iWatch is playing a pivotal role in monitoring individual’s health. Therefore, increasing usage of IoT, which is further expected to propel the growth of the sensors market in this particular region.

Global Sensor Market: Competitive Landscape

Key players operating in the global sensor market are STMicroelectronics N.V, NXP Semiconductors N.V., Infineon Technologies AG, Qualcomm Technologies, Inc., Atmel Corporation, Texas Instruments Inc., Robert Bosch Gmbh, Johnson Controls International Plc., Sony Corporation, and Honeywell International Inc.

Global Light Sensors Market: Taxonomy

By Product Type

  • Radar Sensor
  • Optical Sensor
  • Biosensor
  • Touch Sensor
  • Image Sensors
  • Pressure Sensors
  • Temperature Sensors
  • Proximity& Displacement Sensors
  • Level Sensors
  • Motion & Position Sensors
  • Humidity Sensors
  • Accelerometer & Speed Sensor

By Technology

  • CMOS (Complementary Metal-Oxide-Semiconductor)
  • MEMS (Micro-electro-mechanical Systems)
  • NEMS (Nano-electro-mechanical Systems)

By Component

  • ADC (Analog to Digital Converter)
  • Digital (Digital to Analog Converter)
  • Microcontroller

By Applications

  • Consumer Electronics
  • Automotive
  • Aerospace
  • Industrial
  • Home Automation
  • Healthcare
  • Entertainment
  • Security

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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