Sensor Market 2018 Industry Analysis, Top Company, Research
Forecast, Analysis and Supply Demand Report 2026
Sensor Market research provides industry analysis by type,
manufacturer, application along with key factors influencing the
growth of the market which include growth drivers, restraints,
opportunities and challenges, strategically profile key players and
comprehensively
analyze
their
market
share
and
core
competencies.
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.
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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