Latest Report on Top 10 Sensors by MarketsandMarkets
[334 Pages Report] The top 10 sensors market is expected grow at a significant rate during the forecast period. The base year used for this study is 2015, and the forecast period considered is between 2016 and 2022. The objectives of the study are as follows:
To define, describe, and forecast the top 10 sensors market segmented on the basis of sensor type, subtype, technology, application, end-user industry, and region To forecast the market size, in terms of value, for various segments with regard to the following regions: North America, Europe, APAC, and RoW To provide detailed information regarding the major factors influencing the growth of the top 10 sensors market (drivers, restraints, opportunities, and industry-specific challenges) To analyze the micromarkets with respect to the individual growth trends, future prospects, and contribution to the total market To analyze the opportunities in the market for various stakeholders by identifying the high-growth segments of the top 10 sensors market To profile the key players and comprehensively analyze their market position in terms of the ranking and core competencies, along with detailing the competitive landscape for the market leaders To analyze competitive developments such as partnerships and joint ventures, mergers and acquisitions, product developments, expansions, and research and development in the top 10 sensors market
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The top 10 sensors market is expected to grow at a significant rate during the forecast period. The growth of this market is propelled by the increasing advancement toward smaller, smarter, and cheaper sensors; miniaturization trend in sensors; advent of platforms such as IoT, AR, and M2M; and growing trend toward smart living among end users. This report categorizes the top 10 sensors market on the basis of type, subtype, technology, application, end-user industry, and region. The market for fingerprint sensors is expected to grow at the highest rate during the forecast period. Fingerprint sensors are expected to witness huge adoption in this application in the near future, and the consumer electronics application (which includes smartphones, laptops, tablets, smart wearable devices, and so on) is expected to hold a large share of the market. The first mobile phone with a fingerprint scanner was the Motorola Mobility (U.S.) ATRIX 4G that was launched in 2011. In 2013, Apple Inc. (U.S.) introduced iPhone 5S with fingerprint scanner, and this development is considered to be the game changer for fingerprint sensors. Other smartphone manufacturers also started implementing fingerprint scanners in their smartphones, creating ample of opportunities for fingerprint sensors. This wave is likely to drive the market for fingerprint sensors during the forecast period. Motion sensors are another sensor type which promises huge opportunities for diverse applications in the current era. The major applications of motion sensors are in consumer electronics, gaming and entertainment, automotive, healthcare, and industrial segments. The consumer electronics application holds a promising future for motion sensors with a faster growth rate than that of the overall parent market. The demand for smartphones and tablets not only helped the market grow in recent times but would also help boost the market in the next few years. Increasing adoption of technological advances such as MEMS has also played a crucial role in boosting demand for motion sensors.