The global sensors market size was valued at USD 178.8 billion in 2021 and is poised to grow at a significant CAGR of 7.6% during the forecast period 2022-28. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on. The research report “Sensors Market – By Technology (CMOS, MEMS, NEMS, Others), By Type (Radar Sensor, Optical Sensor, Biosensor, Touch Sensor, Image Sensor, Pressure Sensor, Temperature Sensor, Level Sensor, Humidity Sensor, Others), By End User (Electronics, IT & Telecom, Industrial, Automotive, Healthcare, Others) and - Global/Region/Country Forecast to 2028.”

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Adoption of motion & position sensors in industries bolsters the Sensors Market

The sensors market report covers granular level data related to regional market share and market size. This market report tracks current innovations and start-up details which are actively working in the market. This market report presents detailed insights into the competitor’s overview, company share analysis, key market developments and their key strategies. It further aims at providing plethora of information regarding market entry strategies, regulatory framework and reimbursement scenario.

This global market gives a comprehensive overview on the Sensors market which can be classified on the basis of type, end-user and technology. The sensors market has been categorized into different sectors such as MEMS, NEMS, CMOS and others based on technology. Among these sectors, the CMOS sector is likely to be the biggest and rapidly growing sector. The Sensors market is further classified into different segments on the basis of type such as Pressure Sensors, Touch Sensors, Optical sensors, Humidity sensor, Temperature sensors, Level sensors and Biosensors. The radar sensor sector among other sectors is anticipated to witness the rapidly growing market during the forthcoming years 2022-2028. The sensors market is classified into different sectors such as Healthcare, Automotive, Electronics, IT, Industrial and others on the basis of end-user. Amid these sectors, the electronics sector witnessed the highest share in the year 2021 and another sector IT & Telecom came on the second place and witnessed the largest share. Qualcomm Technologies and STMicroelectronics collaborated on unique sensor solutions for next-generation mobile phones, connected PCs, the Internet of things and portable applications in November 2020.

The global sensor market is expected to grow at considerable growth rate during the forthcoming years. There are a few factors fuel the sensors market growth are the adoption of motion & position sensors in industries and growing adoption of temperature & proximity sensors in advance and portable healthcare devices.

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North America accounted for major share in the Sensors Market

The sensors market report provides complete outlook around the region making complete focus on the leading regions including Europe, Latin America, Middle East, Africa, North America and Asia Pacific. Among these regions, the North America market is projected to witness the largest market share during the forthcoming years.

Competitive Analysis - Sensors Market

Major players working in the sensors market are Hewlett Packard Enterprise (HPE), Infineon Technologies AG, Microchip Technology Inc., NXP Semiconductor and DEACERO.

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