Opportunities in the sensor market have evolved through a number of stages. Lucintel has found the future of this market to be promising; the sensor market is expected to reach $234.7 billion by 2025 with a CAGR of 8.9%. In this market, chemical sensor is the largest segment by product type, whereas industrial is largest by end use industry. The increasing sensor content in automotive for safety and power efficiency and advancement in the gas sensor provides strategic growth path in this market.
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Sony Corporation, STMicroelectronics, Analog Devices, Inc., ABB Ltd, Texas Instruments, Robert Bosch Gmbh, and Infineon Technologies AG and others are some of the companies profiled in this report.
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