Global Non-Optical Sensors Market 2017-2021 - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Global Non-Optical Sensors Market 2017-2021" report to their offering.

The analysts forecast the global non optical sensors market to grow at a CAGR of 8.76% during the period 2017-2021.

The report covers the present scenario and the growth prospects of the global non optical sensors market for 2017-2021. To calculate the market size, the report considers the revenue generated through the sales of the sensors, which include Inertial sensors, Magnetic field sensors, Pressure sensors, and Temperature sensors.

According to the report, one of the major drivers for this market is improved efficiency in automotive segment. Numerous sensors are required in modern day cars, and many more applications are expected to arise in the future. This can be attributed to consumers demanding features that improve safety, handling, stability, performance, comfort, convenience, and other attributes of a vehicle. In vehicles, the body and powertrain segments show the high potential of magnetic sensors.

The latest trend gaining momentum in the market is IoT advantages. IoT connects electronic devices to the Internet, thereby facilitating data transfer over a wireless (or wired) network. The technology needs minimum human intervention. The devices needed for this technology should have sensors and actuators that will play a key role in mobile sensing, ensuring that the technology delivers efficient performance. IoT integrates technologies such as data communication, hardware design, and data storage and mining.

Market Dynamics

Market drivers

- Improved efficiency in automotive segment

- High adoption of smartphones and tablets globally

- Increased demand for MEMS in consumer electronic devices

- Growing importance of temperature sensors in food, beverage, and oil and gas industry

- Increasing biomedical applications of MEMS pressure sensors

- Growing demand for sensors in smart factories

Market challenges

- Accuracy and calibration issues during sensor fusion

- Packaging issues

- Dependency on end-products

Market trends

- IoT advantages

- Improved size and cost-effectiveness of magnetic field sensors

- Emergence of wearable tech

- Growing demand for DTS

- Increasing demand for flexible technology

Key vendors

- Allegro MicroSystems

- Infineon Technologies

- Micronas Semiconductor Holding

- Robert Bosch

- DENSO

- Sensata Technologies

- Freescale Semiconductor

- Honeywell International

- Microchip Technology

- NXP Semiconductors

- Panasonic

- STMicroelectronics

- Texas Instruments

- Asahi Kasei Microdevices

- Bosch Sensortec

- InvenSense

Other prominent vendors

- ABB

- Analog Devices

- Delphi Automotive

- Emerson

- General Electric

- Melexis Microelectronic Integrated Systems

- MEMSI

- Maxim Integrated

- Schneider Electric

- Siemens

For more information about this report visit http://www.researchandmarkets.com/research/mr59h8/global

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Optical Sensors

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Optical Sensors