source: Electronics Weekly news
According to BCC Research, the global market for sensors reached $101.9 billion in 2015.
BCC reckon the market should reach $113.2 billion by 2016 and $190.6 billion by 2021, with a CAGR of 11.0% for the period 2016-2021.
The image and chemical sensors segment should reach $28.4 billion by 2016 and $51.2 billion by 2021, a CAGR of 12.8%.
The biosensor and fingerprint sensor segment should reach $23.9 billion by 2016 and $44.5 billion by 2020, a CAGR of 13.2%.
“Sensors are being used in an increasing number of industries and applications, while continually opening new fields of application,” says the report, “today’s production technologies, modern vehicles, innovative medical devices, smart power supply systems and building technologies are inconceivable without sensors.”