Navigation Links
Global Market for Sensors to Reach Nearly $154.4 Billion in 2020; Image Sensors Moving at 11.7%
Date:7/23/2014

WELLESLEY, Massachusetts, July 23, 2014 /PRNewswire/ --

BCC Research (www.bccresearch.com) reveals in its new report, GLOBAL MARKETS AND TECHNOLOGIES FOR SENSORS, the global market for sensors and related technologies is expected to grow to nearly $154.4 billion by 2020, with a five-year compound annual growth rate (CAGR) of 10.1%. The image, flow, and level sensors segment is moving at a significant 11.7% CAGR.

     (Logo: http://photos.prnewswire.com/prnh/20140723/694805)

Sensors have become indispensable to many key industries, as they provide vital information across a wide range of parameters, including temperature, position, chemical, pressure, force and load, flow and level, and can affect products, processes, and systems. The image, flow, and level sensors category dominates the overall market and is expected to reach nearly $50.2 billion by 2020. Image sensors will experience the highest growth in this segment because of their increased use in smartphones and other portable devices.

Meanwhile, the biosensor and chemical sensors category is the second-largest and fastest segment of this market and is expected to grow to $32.8 billion in 2020, with a CAGR of 11.5%. Growth in this segment is being spurred by increased use for medical purposes, as well as the rising number of threats of terrorist attacks at a number of key industrial facilities, such as chemical plants.

"Small companies account for the majority of companies within the sensor manufacturing business," says BCC Research information technology analyst Srinivasa Rajaram. "Most pursue a focused strategy, but competitive and technological pressures are leading to consolidation and increasing concentration. However, the semiconductor industry is attempting to recapture its intensive capital investment by developing sensor solutions to address large-scale, high-volume consumer-related applications."

Technological advances in electronic control systems, decreasing cost expectations, miniaturization, and improved communication capabilities will drive remarkable growth across all segments of the sensors market for the foreseeable future.

GLOBAL MARKETS AND TECHNOLOGIES FOR SENSORS provides an overview of the global markets for sensors in various applications, including biosensors, chemical sensors, image sensors, flow sensors, and level sensors. It includes analyses of global market trends, with data from 2013, projections of CAGRs through 2020, and profiles of companies important in the industry.

Editors and reporters who wish to speak with the analyst should contact Steven Cumming at steven.cumming@bccresearch.com.

About BCC Research 

BCC Research publishes market research reports that make organizations worldwide more profitable with intelligence that drives smart business decisions. These reports cover today's major industrial and technology sectors, including emerging markets. For more than 40 years, we have helped customers identify new market opportunities with accurate and reliable data and insight, including market sizing, forecasting, industry overviews, and identification of significant trends and key competitors. We partner with analysts who are experts in specific areas of industry and technology, providing unbiased measurements and assessments of global markets. Our clients include the top companies in industries around the world as well as universities, business schools, start-ups, consulting firms and investment companies. BCC Research is a unit of Eli Research LLC. Visit our website at www.bccresearch.com. Contact us: (+1) 781-489-7301 (U.S. Eastern Time), or email information@bccresearch.com.

Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC, 49-2 Walnut Park, Wellesley, MA 02481, Telephone: (+1) 781-489-7301; Email: editor@bccresearch.com as the source and publisher. Thank you.

Contact: Steven Cumming

Tel: 978-870-3345

Fax: 781-489-7308

Email: steven.cumming@bccresearch.com     



'/>"/>
SOURCE BCC Research LLC
Copyright©2014 PR Newswire.
All rights reserved

Related biology news :

1. Novo Nordisk and BGI establish global collaboration framework
2. EU-funded study underlines importance of Congo Basin for global climate and biodiversity
3. Global warming threat to coral reefs: Can some species adapt?
4. 1 solution to global overfishing found
5. Young researcher taking fight against global killer to the next level in Vietnam
6. Heightened Security Threats and Economic Issues Provide Fillip to Global Civil and Military Biometrics Market, Says Frost & Sullivan
7. Global Information Inc. Announces Discounted Conference Registration For Bio-IT World Asia and Biodetection Technologies 2012
8. Global effort launched to save turtles from extinction
9. New Biotech and Pharmaceutical Market Research from Global Information Inc Forecasts Strong Growth Coming Out of Recession
10. 2012 Forecast for US Molecular Diagnostics Market Now Available From Global Information Inc.
11. Desert to Rainforest global classroom links future teachers, classrooms in Phoenix and Panama
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/30/2017)... , March 30, 2017 Trends, opportunities and ... and behavioral), by technology (fingerprint, AFIS, iris recognition, facial ... and others), by end use industry (government and law ... financial and banking, and others), and by region ( ... , Asia Pacific , and the ...
(Date:3/24/2017)... MILAN , March 24, 2017 The Controller ... Deputy Controller Mr. Abdulla Algeen have received the prestigious international ... Continue Reading ... ... small picture) and Deputy Controller Abdulla Algeen (small picture on the right) ...
(Date:3/22/2017)... Lithuania , March 21, 2017   ... and object recognition technologies, today announced the release ... kit (SDK), which provides improved facial recognition using ... cameras on a single computer. The new version ... to improve accuracy, and it utilizes a Graphing ...
Breaking Biology News(10 mins):
(Date:6/23/2017)... , ... June 23, 2017 , ... Biova, LLC., the ... has joined Biova’s Board of Directors. Dr. Henig will bring a wealth of scientific ... has served as the Chief Technical and Scientific Officer of four major global companies ...
(Date:6/23/2017)... ... June 23, 2017 , ... Ken Hanson, a medical imaging research scientist ... have been selected as this year’s recipients of two top awards from SPIE, ... along with other honorees to accept their awards at a banquet in San Diego, ...
(Date:6/23/2017)... ... 2017 , ... The Academy of Model Aeronautics (AMA), the ... (UAA), the unifying voice for collegiate aviation education, are launching a joint UAS ... success through a STEM-based education platform. , Much like the program currently available ...
(Date:6/22/2017)... ... June 21, 2017 , ... RMC Pharmaceutical Solutions, Inc. announces ... Reinhardt to manage the new site. , Tim has 25 years of pharmaceutical ... recent role as the Director of Manufacturing and Supplier Quality Assessment. This ...
Breaking Biology Technology: