The sensors market is seeing the trend of positive growth because of increased demand and usage worldwide for wearables, smartphones, smart appliances, and other consumer gadgets. The demand for features like motion detection, ambient light sensing, detection of proximity, fingerprint identification etc., are making these sensors a go to choice by organizations. The necessity for different industries to make data-driven decisions has helped in increased utilization of sensors. The reduction in costs, better accuracy combined with technological advancements is helping this market growth.
The integration of innovative technologies like Internet of Things, artificial intelligence and machine learning has helped further increase the demand for the sensors market. The ongoing development of smart cities and smart homes globally has helped raise the market. A noticeable increase in industrial automation as well as rapid rise industry 4.0 has contributed to this market growth in the recent years. Key players are heavily investing in research and development activities for betterment of the sensor’s technology. This includes cutting-edge manufacturing techniques, adopting innovative technology, material sciences, and miniaturization to improve the existing sensors technology will drive the market in the future.
Broadcom Ltd., Fitbit Inc., Koninklijke Philips N.V., Texas Instruments Inc., STMicroelectronics NV, Garmin Ltd., NXP Semiconductors, Analog Devices, Honeywell, Sensata Technologies, Northrop Grumman, Siemens, Ametek Incorporated, Autoliv Incorporated, Avago Technologies, Banner Engineering, Boeing, Continental, Danaher Corporation, Delphi Automotive, Eaton Corporation, Emerson Electric, Abbott Laboratories, General Electric, Heraeus Holding, Schneider Electric, Johnson Controls, L- Communications, Measurement Specialties, Nagano Keiki Company, NGK, Omron, Perkinelmer, Raytheon, Rockwell Automation, Stoneridge, TE Connectivity, TRW Automotive, United Technologies, Vishay, Visteon, ZF Friedrichshafen
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Published by Shubham Desale
