Sensors Market size is valued at US$ 182.8 billion in 2023 and is poised to grow at a significant CAGR of 7.6% from 2024 to 2030. The global market provides a detailed overview of the market that can be segmented by technology, type, and end-user. By type, the sensors market has been segmented into CMOS, MEMS, NEMS, and Others. The CMOS segment is likely to be the largest and fastest-growing segment in terms of type. Based on the type, the Sensor market is segmented into Radar sensors, Optical sensors, Biosensors, Touch sensors, Image Sensors, Pressure Sensors, Temperature Sensors, Level Sensors, Humidity Sensor, and Others. Among these, the radar sensor segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on end-user, the sensors market is segmented into Electronics, IT & Telecom, Industrial, Automotive, Healthcare, and Others. The electronics segment accounts for the largest share in 2021. IT & Telecom is the second-largest share during the forecast period according to Precision Business Insights.
Study Period
2024-2030Base Year
2023CAGR
7.6%Largest Market
North AmericaFastest Growing Market
North America
The global sensor market is anticipated to witness significant growth during the forecast period. Factors such increase in adoption of temperature & proximity sensors in portable and advance healthcare devices and adoption of motion & position sensors in industries drive growth of the sensor market.
By region, the North America market is expected to witness the highest market share during the forecast period.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 182.8 billion |
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Market CAGR |
7.6% |
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By Technology |
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By Type |
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By End User |
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The global sensors market size was valued at US$ 182.8 billion in 2023 and is projected to grow at a CAGR of 7.6% from 2024 to2030.
The major players in the global hospital beds market are Hewlett Packard Enterprise (HPE), Infineon Technologies AG, Microchip Technology Inc., NXP Semiconductor, DE ACERO, Panasonic Corporation, Qualcomm Technologies, Inc., STMicroelectronics, SONY CORPORATION, TE Connectivity, Texas Instruments
North America is the fastest-growing region for Sensors Market
| 1. Executive Summary |
| 2. Global Sensors Market Introduction |
| 2.1. Global Sensors Market Taxonomy |
| 2.2. Global Sensors Market Definitions |
| 2.2.1. By Technology |
| 2.2.2. By Type |
| 2.2.3. By End User |
| 2.2.4. By Region |
| 3. Global Sensors Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Sensors Market Dynamic Factors - Impact Analysis |
| 3.6. Global Sensors Market Competition Landscape |
| 4. Global Sensors Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Sensors Market, By Technology, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)Â |
| 5.1. CMOS |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. MEMS |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. NEMS |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Others |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6. Global Sensors Market, By Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)Â |
| 6.1. Radar Sensor |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Optical Sensor |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Biosensor |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Touch Sensor |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Image Sensor |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Pressure Sensor |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Temperature Sensor |
| 6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 6.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 6.8. Level Sensor |
| 6.8.1. Market Analysis, 2019 - 2023 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 6.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.8.3. Market Opportunity Analysis |
| 6.9. Humidity Sensor |
| 6.9.1. Market Analysis, 2019 - 2023 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 6.9.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.9.3. Market Opportunity Analysis |
| 6.10. Others |
| 6.10.1. Market Analysis, 2019 - 2023 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 6.10.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.10.3. Market Opportunity Analysis |
| 7. Global Sensors Market Forecast, By End User, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)Â |
| 7.1. Electronic |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. IT & Telecom |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Industrial |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Automotive |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Healthcare |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Others |
| 7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 8. Global Sensors Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)Â |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia-Pacific |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global Sensors Market - Opportunity Analysis Index, By Technology, By Type, By End User and Region, 2024 - 2030 |
| 9. North America Sensors Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)Â |
| 9.1. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. CMOS |
| 9.1.2. MEMS |
| 9.1.3. NEMS |
| 9.1.4. Others |
| 9.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Radar Sensor |
| 9.2.2. Optical Sensor |
| 9.2.3. Biosensor |
| 9.2.4. Touch Sensor |
| 9.2.5. Image Sensor |
| 9.2.6. Pressure Sensor |
| 9.2.7. Temperature Sensor |
| 9.2.8. Level Sensor |
| 9.2.9. Humidity Sensor |
| 9.2.10. Others |
| 9.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1. Electronics |
| 9.3.2. IT & Telecom |
| 9.3.3. Industrial |
| 9.3.4. Automotive |
| 9.3.5. Healthcare |
| 9.3.6. Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. USA |
| 9.4.2. Canada |
| 9.5. North America Sensors Market - Opportunity Analysis Index, By Technology, By Type, By End User and Country, 2024 - 2030 |
| 9.6. North America Sensors Market Dynamics Trends |
| 10. Europe Sensors Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)Â |
| 10.1. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. CMOS |
| 10.1.2. MEMS |
| 10.1.3. NEMS |
| 10.1.4. Others |
| 10.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Radar Sensor |
| 10.2.2. Optical Sensor |
| 10.2.3. Biosensor |
| 10.2.4. Touch Sensor |
| 10.2.5. Image Sensor |
| 10.2.6. Pressure Sensor |
| 10.2.7. Temperature Sensor |
| 10.2.8. Level Sensor |
| 10.2.9. Humidity Sensor |
| 10.2.10. Others |
| 10.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1. Electronics |
| 10.3.2. IT & Telecom |
| 10.3.3. Industrial |
| 10.3.4. Automotive |
| 10.3.5. Healthcare |
| 10.3.6. Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Russia |
| 10.4.7. Rest of Europe |
| 10.5. Europe Sensors Market - Opportunity Analysis Index, By Technology, By Type, By End User and Country, 2024 - 2030 |
| 10.6. Europe Sensors Market Dynamics Trends |
| 11. Asia-Pacific Sensors Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)Â |
| 11.1. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. CMOS |
| 11.1.2. MEMS |
| 11.1.3. NEMS |
| 11.1.4. Others |
| 11.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Radar Sensor |
| 11.2.2. Optical Sensor |
| 11.2.3. Biosensor |
| 11.2.4. Touch Sensor |
| 11.2.5. Image Sensor |
| 11.2.6. Pressure Sensor |
| 11.2.7. Temperature Sensor |
| 11.2.8. Level Sensor |
| 11.2.9. Humidity Sensor |
| 11.2.10. Others |
| 11.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1. Electronics |
| 11.3.2. IT & Telecom |
| 11.3.3. Industrial |
| 11.3.4. Automotive |
| 11.3.5. Healthcare |
| 11.3.6. Others |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. China |
| 11.4.2. India |
| 11.4.3. Japan |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific Sensors Market - Opportunity Analysis Index, By Technology, By Type, By End User and Country, 2024 - 2030 |
| 11.6. Asia-Pacific Sensors Market Dynamics Trends |
| 12. Latin America Sensors Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)Â |
| 12.1. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. CMOS |
| 12.1.2. MEMS |
| 12.1.3. NEMS |
| 12.1.4. Others |
| 12.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Radar Sensor |
| 12.2.2. Optical Sensor |
| 12.2.3. Biosensor |
| 12.2.4. Touch Sensor |
| 12.2.5. Image Sensor |
| 12.2.6. Pressure Sensor |
| 12.2.7. Temperature Sensor |
| 12.2.8. Level Sensor |
| 12.2.9. Humidity Sensor |
| 12.2.10. Others |
| 12.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1. Electronics |
| 12.3.2. IT & Telecom |
| 12.3.3. Industrial |
| 12.3.4. Automotive |
| 12.3.5. Healthcare |
| 12.3.6. Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Argentina |
| 12.4.4. Rest of Latin America |
| 12.5. Latin America Sensors Market - Opportunity Analysis Index, By Technology, By Type, By End User and Country, 2024 - 2030 |
| 12.6. Latin America Sensors Market Dynamics Trends |
| 13. Middle East and Africa Sensors Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)Â |
| 13.1. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. CMOS |
| 13.1.2. MEMS |
| 13.1.3. NEMS |
| 13.1.4. Others |
| 13.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1. Radar Sensor |
| 13.2.2. Optical Sensor |
| 13.2.3. Biosensor |
| 13.2.4. Touch Sensor |
| 13.2.5. Image Sensor |
| 13.2.6. Pressure Sensor |
| 13.2.7. Temperature Sensor |
| 13.2.8. Level Sensor |
| 13.2.9. Humidity Sensor |
| 13.2.10. Others |
| 13.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1. Electronics |
| 13.3.2. IT & Telecom |
| 13.3.3. Industrial |
| 13.3.4. Automotive |
| 13.3.5. Healthcare |
| 13.3.6. Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. Israel |
| 13.4.3. South Africa |
| 13.4.4. Rest of MEA |
| 13.5. MEA Sensors Market - Opportunity Analysis Index, By Technology, By Type, By End User and Country, 2024 - 2030 |
| 13.6. MEA Sensors Market Dynamics Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. Hewlett Packard Enterprise (HPE) |
| 14.2.2. Infineon Technologies AG |
| 14.2.3. Microchip Technology Inc. |
| 14.2.4. NXP Semiconductor |
| 14.2.5. Â DEACERO |
| 14.2.6. Panasonic Corporation |
| 14.2.7. Qualcomm Technologies, Inc. |
| 14.2.8. STMicroelectronics |
| 14.2.9. SONY CORPORATION |
| 14.2.10. TE Connectivity |
| 14.2.11. Texas Instruments |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
Key Market Players
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