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The future of the global sensor market looks attractive with opportunities in the industrial, healthcare, electronics, automotive, and aerospace/defense industries. The global sensor market is expected to reach an estimated $267.8 billion by 2026 with a CAGR of 12.5% from 2020 to 2026. The major drivers for this market are the growth of internet of things (IoT), increasing need of automation in various industries, and miniaturization of sensors.
Emerging trends, which have a direct impact on the dynamics of the industry, include development of new product technologies, increasing usage of sensors in ADAS application, and advances in gas sensor materials and manufacturing.
A total of 94 figures / charts and 79 tables are provided in this 183-page report to help in your business decisions. A sample figure with insights is shown below. To learn the scope of benefits, companies researched, and other details of the sensor market report, please download the report brochure.