Report Highlights
The global market for sensors was estimated at $56.3 billion in 2010. It is expected to increase to $62.8 billion in 2011 and then to nearly $91.5 billion by 2016, at a compound annual growth rate (CAGR) of 7.8%.
Report Scope
The report has been prepared in a simple format that can be easily understood with a number of tables and charts/figures. The scope of the report includes a detailed study of global and regional markets for various types of sensors and their applications with an explanation of variations in the growth of the industry in each region. The market size values for 2009 and 2010 are actual market data; the values for 2011 and future years are estimated.
Analyst Credentials
The analyst, Srinivasa Rajaram, is a mechanical engineer with more than 40 years of experience in designing factory layouts and setting up factories. He was also senior vice president of M/S Schenck Avery, Ltd., an Indo-German joint venture, and has authored several technology market research reports for BCC Research.
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Report Highlights
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The overall U.S. industrial sensor market will rise at an average annual growth rate (AAGR) of 4.6%, from $6.1 billion in 2004 to $7.6 billion in 2009.
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Average annual growth is expected to be somewhat higher through 2006 and then fall off somewhat through the remainder of the period.
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Strongest growth arises from the semiconductor industry and further integration of microelectromechanical systems, all of which are expected to grow at an average annual rate of 7.6%, reaching $2.5 billion by 2009.
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The rapid pace of growth is attributed to competitive pressures in process industries for improved performance, and to new sensor technologies that are experiencing tremendous success.
Report Highlights
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U.S. sales of industrial sensors will rise at an average annual growth rate (AAGR) of 6.2% from $5 billion in 2001 to $6.78 billion by 2006.
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Strongest growth comes from developments in the semiconductor industry and the successful integration of micro-electromechanical systems (MEMS). These devices are expected to grow at an AAGR of 9.4% to $2.11 billion by 2006.
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These technologies will make up the largest market segment in 2006, rising from their current number two position.
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Older, mature passive, active and electromechanical sensor technologies will grow at more subdued AAGRs of 5.5%, 4.3% and 5.1%, respectively.
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