Sensor Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024

Description

Market Overview

The sensor market generated revenue of USD 23.7 billion in 2024, which is expected to witness a CAGR of 8.5% during 2024-2030, to reach USD 38.7 billion by 2030.

Automation and technological improvements, coupled with the adoption of IoT devices across industries, are the key main drivers of the market. This kind of sensors is not only confined to one or two industries but are used in wide ranging industries including healthcare, automotive, electronics & telecommunications, aerospace & aviation, IT & telecom and industrial.

There are several reasons for the increase in implementing these versatile devices: such as acquisition of information in real-time, connectivity to IoT networks, improvement in safety and effectiveness, effective for monitoring of predictive maintenance, automation as well as control systems, and for decision-making.

AI & ML solutions makes it easier for the sensor to process large amount of data than the conventional method. In addition to the effectiveness, it increases the reliability and availability of the systems, real time monitoring, predictive maintenance, and identifying unusual activities resulting in better operational effectiveness and cost reduction.

Merging smart sensors with artificial intelligence will ensure that the collected patient information is assessed within a short duration, resulting in better diagnosis. A consensus is being observed across medical sensors with the help of AI and, in particular, ML which opens up opportunities to develop individual treatment strategies, analyze patients remotely, and look for early signs of diseases.

Key Insights

Image sensors dominate the market with a 20% share in 2024.

Growing demand for consumer electronics, technological innovations, and diverse applications drive this market.

Vital role in automotive industry for ADAS, parking assistance, and autonomous driving.

Incorporated into medical equipment for live imaging and improved diagnoses.

Gas sensors are the fastest-growing category with a CAGR of 9.8%.

Used in automated systems for production optimization, quality assurance, leak detection, and process control.

Prominent applications in environmental sciences for air quality monitoring, emission detection, and pollution control.

Used in automotive sector for emission detection and healthcare sector for blood gas testing and ventilators.

MEMS is the fastest-growing category with a CAGR of 8.8%.

Rising usage in healthcare, automobiles, and consumer electronics.

Miniaturized, enabling incorporation into small systems and devices, allowing multiple components on a single chip.

Indirect sensors are the highest-revenue-generating category, holding around 70% share in 2024.

Flexible, small, technologically advanced, and low cost.

Measure parameters without direct contact, popular in pharmaceuticals

and food processing to avoid contamination.

Cost-effective production and appealing to manufacturers and end users.

Automobile sales reached 92.7 million units in 2023, up from 82.8 million in 2022.

Sensors manage pollutants and meet environmental regulations.

Integrated into exhaust gas recirculation systems for better engine performance and reduced emissions.

Consumer electronics sector is the fastest-growing category with a CAGR of 8.9%.

High demand for smart gadgets, wearable devices, IoT systems, and smart solutions.

Asia-Pacific is the largest region with a 45% share in 2024 and the fastest-growing with a CAGR of 8.7%.

Major manufacturing hub for electronics and automobiles due to low-cost raw materials and labor.

India's electronics business is worth USD 155 billion, with 65% produced domestically.

IoT demand driven by Digital India and Smart City programs.

Rapid industrialization and economic growth increase sensor demand across industries.

Consumer electronics market in Asia-Pacific drives the need for sensors in smartphones, tablets, wearables, and home appliances.

Emerging technologies like IoT, AI, and robotics are rapidly adopted in the region.

Government initiatives promote technological innovation, industrial development, and investment in key sectors.

Product Code: 12998

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by product
- 1.4.2. Market size breakdown, by technology
- 1.4.3. Market size breakdown, by type
- 1.4.4. Market size breakdown, by end user
- 1.4.5. Market size breakdown, by region
- 1.4.6. Market size breakdown, by country
1.5. Market Data Reporting Unit
- 1.5.1. Volume
- 1.5.2. Value
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
5.2. Impact of COVID-19
5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes

Chapter 6. Global Market

6.1. Overview
6.2. Market Volume, by Product (2019-2030)
6.3. Market Revenue, by Product (2019-2030)
6.4. Market Volume, by Technology (2019-2030)
6.5. Market Revenue, by Technology (2019-2030)
6.6. Market Volume, by Type (2019-2030)
6.7. Market Revenue, by Type (2019-2030)
6.8. Market Volume, by End User (2019-2030)
6.9. Market Revenue, by End User (2019-2030)
6.10. Market Volume, by Region (2019-2030)
6.11. Market Revenue, by Region (2019-2030)

Chapter 7. North America Market

7.1. Overview
7.2. Market Volume, by Product (2019-2030)
7.3. Market Revenue, by Product (2019-2030)
7.4. Market Volume, by Technology (2019-2030)
7.5. Market Revenue, by Technology (2019-2030)
7.6. Market Volume, by Type (2019-2030)
7.7. Market Revenue, by Type (2019-2030)
7.8. Market Volume, by End User (2019-2030)
7.9. Market Revenue, by End User (2019-2030)
7.10. Market Volume, by Country (2019-2030)
7.11. Market Revenue, by Country (2019-2030)

Chapter 8. Europe Market

8.1. Overview
8.2. Market Volume, by Product (2019-2030)
8.3. Market Revenue, by Product (2019-2030)
8.4. Market Volume, by Technology (2019-2030)
8.5. Market Revenue, by Technology (2019-2030)
8.6. Market Volume, by Type (2019-2030)
8.7. Market Revenue, by Type (2019-2030)
8.8. Market Volume, by End User (2019-2030)
8.9. Market Revenue, by End User (2019-2030)
8.10. Market Volume, by Country (2019-2030)
8.11. Market Revenue, by Country (2019-2030)

Chapter 9. APAC Market

9.1. Overview
9.2. Market Volume, by Product (2019-2030)
9.3. Market Revenue, by Product (2019-2030)
9.4. Market Volume, by Technology (2019-2030)
9.5. Market Revenue, by Technology (2019-2030)
9.6. Market Volume, by Type (2019-2030)
9.7. Market Revenue, by Type (2019-2030)
9.8. Market Volume, by End User (2019-2030)
9.9. Market Revenue, by End User (2019-2030)
9.10. Market Volume, by Country (2019-2030)
9.11. Market Revenue, by Country (2019-2030)

Chapter 10. LATAM Market

10.1. Overview
10.2. Market Volume, by Product (2019-2030)
10.3. Market Revenue, by Product (2019-2030)
10.4. Market Volume, by Technology (2019-2030)
10.5. Market Revenue, by Technology (2019-2030)
10.6. Market Volume, by Type (2019-2030)
10.7. Market Revenue, by Type (2019-2030)
10.8. Market Volume, by End User (2019-2030)
10.9. Market Revenue, by End User (2019-2030)
10.10. Market Volume, by Country (2019-2030)
10.11. Market Revenue, by Country (2019-2030)

Chapter 11. MEA Market

11.1. Overview
11.2. Market Volume, by Product (2019-2030)
11.3. Market Revenue, by Product (2019-2030)
11.4. Market Volume, by Technology (2019-2030)
11.5. Market Revenue, by Technology (2019-2030)
11.6. Market Volume, by Type (2019-2030)
11.7. Market Revenue, by Type (2019-2030)
11.8. Market Volume, by End User (2019-2030)
11.9. Market Revenue, by End User (2019-2030)
11.10. Market Volume, by Country (2019-2030)
11.11. Market Revenue, by Country (2019-2030)

Chapter 12. U.S. Market

12.1. Overview
12.2. Market Volume, by Product (2019-2030)
12.3. Market Revenue, by Product (2019-2030)
12.4. Market Volume, by Technology (2019-2030)
12.5. Market Revenue, by Technology (2019-2030)
12.6. Market Volume, by Type (2019-2030)
12.7. Market Revenue, by Type (2019-2030)
12.8. Market Volume, by End User (2019-2030)
12.9. Market Revenue, by End User (2019-2030)

Chapter 13. Canada Market

13.1. Overview
13.2. Market Volume, by Product (2019-2030)
13.3. Market Revenue, by Product (2019-2030)
13.4. Market Volume, by Technology (2019-2030)
13.5. Market Revenue, by Technology (2019-2030)
13.6. Market Volume, by Type (2019-2030)
13.7. Market Revenue, by Type (2019-2030)
13.8. Market Volume, by End User (2019-2030)
13.9. Market Revenue, by End User (2019-2030)

Chapter 14. Germany Market

14.1. Overview
14.2. Market Volume, by Product (2019-2030)
14.3. Market Revenue, by Product (2019-2030)
14.4. Market Volume, by Technology (2019-2030)
14.5. Market Revenue, by Technology (2019-2030)
14.6. Market Volume, by Type (2019-2030)
14.7. Market Revenue, by Type (2019-2030)
14.8. Market Volume, by End User (2019-2030)
14.9. Market Revenue, by End User (2019-2030)

Chapter 15. France Market

15.1. Overview
15.2. Market Volume, by Product (2019-2030)
15.3. Market Revenue, by Product (2019-2030)
15.4. Market Volume, by Technology (2019-2030)
15.5. Market Revenue, by Technology (2019-2030)
15.6. Market Volume, by Type (2019-2030)
15.7. Market Revenue, by Type (2019-2030)
15.8. Market Volume, by End User (2019-2030)
15.9. Market Revenue, by End User (2019-2030)

Chapter 16. U.K. Market

16.1. Overview
16.2. Market Volume, by Product (2019-2030)
16.3. Market Revenue, by Product (2019-2030)
16.4. Market Volume, by Technology (2019-2030)
16.5. Market Revenue, by Technology (2019-2030)
16.6. Market Volume, by Type (2019-2030)
16.7. Market Revenue, by Type (2019-2030)
16.8. Market Volume, by End User (2019-2030)
16.9. Market Revenue, by End User (2019-2030)

Chapter 17. Italy Market

17.1. Overview
17.2. Market Volume, by Product (2019-2030)
17.3. Market Revenue, by Product (2019-2030)
17.4. Market Volume, by Technology (2019-2030)
17.5. Market Revenue, by Technology (2019-2030)
17.6. Market Volume, by Type (2019-2030)
17.7. Market Revenue, by Type (2019-2030)
17.8. Market Volume, by End User (2019-2030)
17.9. Market Revenue, by End User (2019-2030)

Chapter 18. Spain Market

18.1. Overview
18.2. Market Volume, by Product (2019-2030)
18.3. Market Revenue, by Product (2019-2030)
18.4. Market Volume, by Technology (2019-2030)
18.5. Market Revenue, by Technology (2019-2030)
18.6. Market Volume, by Type (2019-2030)
18.7. Market Revenue, by Type (2019-2030)
18.8. Market Volume, by End User (2019-2030)
18.9. Market Revenue, by End User (2019-2030)

Chapter 19. Japan Market

19.1. Overview
19.2. Market Volume, by Product (2019-2030)
19.3. Market Revenue, by Product (2019-2030)
19.4. Market Volume, by Technology (2019-2030)
19.5. Market Revenue, by Technology (2019-2030)
19.6. Market Volume, by Type (2019-2030)
19.7. Market Revenue, by Type (2019-2030)
19.8. Market Volume, by End User (2019-2030)
19.9. Market Revenue, by End User (2019-2030)

Chapter 20. China Market

20.1. Overview
20.2. Market Volume, by Product (2019-2030)
20.3. Market Revenue, by Product (2019-2030)
20.4. Market Volume, by Technology (2019-2030)
20.5. Market Revenue, by Technology (2019-2030)
20.6. Market Volume, by Type (2019-2030)
20.7. Market Revenue, by Type (2019-2030)
20.8. Market Volume, by End User (2019-2030)
20.9. Market Revenue, by End User (2019-2030)

Chapter 21. India Market

21.1. Overview
21.2. Market Volume, by Product (2019-2030)
21.3. Market Revenue, by Product (2019-2030)
21.4. Market Volume, by Technology (2019-2030)
21.5. Market Revenue, by Technology (2019-2030)
21.6. Market Volume, by Type (2019-2030)
21.7. Market Revenue, by Type (2019-2030)
21.8. Market Volume, by End User (2019-2030)
21.9. Market Revenue, by End User (2019-2030)

Chapter 22. Australia Market

22.1. Overview
22.2. Market Volume, by Product (2019-2030)
22.3. Market Revenue, by Product (2019-2030)
22.4. Market Volume, by Technology (2019-2030)
22.5. Market Revenue, by Technology (2019-2030)
22.6. Market Volume, by Type (2019-2030)
22.7. Market Revenue, by Type (2019-2030)
22.8. Market Volume, by End User (2019-2030)
22.9. Market Revenue, by End User (2019-2030)

Chapter 23. South Korea Market

23.1. Overview
23.2. Market Volume, by Product (2019-2030)
23.3. Market Revenue, by Product (2019-2030)
23.4. Market Volume, by Technology (2019-2030)
23.5. Market Revenue, by Technology (2019-2030)
23.6. Market Volume, by Type (2019-2030)
23.7. Market Revenue, by Type (2019-2030)
23.8. Market Volume, by End User (2019-2030)
23.9. Market Revenue, by End User (2019-2030)

Chapter 24. Brazil Market

24.1. Overview
24.2. Market Volume, by Product (2019-2030)
24.3. Market Revenue, by Product (2019-2030)
24.4. Market Volume, by Technology (2019-2030)
24.5. Market Revenue, by Technology (2019-2030)
24.6. Market Volume, by Type (2019-2030)
24.7. Market Revenue, by Type (2019-2030)
24.8. Market Volume, by End User (2019-2030)
24.9. Market Revenue, by End User (2019-2030)

Chapter 25. Mexico Market

25.1. Overview
25.2. Market Volume, by Product (2019-2030)
25.3. Market Revenue, by Product (2019-2030)
25.4. Market Volume, by Technology (2019-2030)
25.5. Market Revenue, by Technology (2019-2030)
25.6. Market Volume, by Type (2019-2030)
25.7. Market Revenue, by Type (2019-2030)
25.8. Market Volume, by End User (2019-2030)
25.9. Market Revenue, by End User (2019-2030)

Chapter 26. Saudi Arabia Market

26.1. Overview
26.2. Market Volume, by Product (2019-2030)
26.3. Market Revenue, by Product (2019-2030)
26.4. Market Volume, by Technology (2019-2030)
26.5. Market Revenue, by Technology (2019-2030)
26.6. Market Volume, by Type (2019-2030)
26.7. Market Revenue, by Type (2019-2030)
26.8. Market Volume, by End User (2019-2030)
26.9. Market Revenue, by End User (2019-2030)

Chapter 27. South Africa Market

27.1. Overview
27.2. Market Volume, by Product (2019-2030)
27.3. Market Revenue, by Product (2019-2030)
27.4. Market Volume, by Technology (2019-2030)
27.5. Market Revenue, by Technology (2019-2030)
27.6. Market Volume, by Type (2019-2030)
27.7. Market Revenue, by Type (2019-2030)
27.8. Market Volume, by End User (2019-2030)
27.9. Market Revenue, by End User (2019-2030)

Chapter 28. U.A.E. Market

28.1. Overview
28.2. Market Volume, by Product (2019-2030)
28.3. Market Revenue, by Product (2019-2030)
28.4. Market Volume, by Technology (2019-2030)
28.5. Market Revenue, by Technology (2019-2030)
28.6. Market Volume, by Type (2019-2030)
28.7. Market Revenue, by Type (2019-2030)
28.8. Market Volume, by End User (2019-2030)
28.9. Market Revenue, by End User (2019-2030)

Chapter 29. Competitive Landscape

29.1. List of Market Players and their Offerings
29.2. Competitive Benchmarking of Key Players
29.3. Product Benchmarking of Key Players
29.4. Recent Strategic Developments

Chapter 30. Company Profiles

30.1. Robert Bosch GmbH
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
30.2. STMicroelectronics International N.V.
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
30.3. ABB Ltd.
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
30.4. Honeywell International Inc.
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
30.5. Samsung Electronics Co. Ltd.
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
30.6. Siemens AG
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
30.7. Texas Instruments Incorporated
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
30.8. NXP Semiconductors N.V.
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
30.9. DENSO Corporation
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
30.10. Infineon Technologies AG
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
30.11. Panasonic Corporation
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary

Chapter 31. Appendix

31.1. Abbreviations
31.2. Sources and References
31.3. Related Reports

Sensor Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)