According to Yole Développement’s “MEMS Pressure Sensor Comparison 2018 report,” the global microelectromechanical systems (MEMS) pressure sensor market was about $1.6 billion US in 2017. It will grow by 3.8% per year to reach a value of $2B in 2023. While automotive and consumer applications are the largest markets, medical and industrial markets continue to […]
Sensor Sales Grow but Prices Erode
According to IC Insights’ 2016 O-S-D Report—A Market Analysis and Forecast for Optoelectronics, Sensors/Actuators, and Discretes, sharply falling average selling prices (ASPs) on accelerometers, gyroscope chips, and magnetic-field measuring devices are capping annual growth of total sensor revenues The report shows worldwide dollar-volume revenues for sensors rising by a compound annual growth rate (CAGR) of […]
Sensor Growth in 2016
Databeans, a market research company, expects the worldwide sensors and microelectromechanical systems (MEMS) market to grow by 13 percent this year. “Q2 2016 Sensors and MEMS Market Tracker” covers microfluidic, pressure, accelerometers, optical, temperature, magnetic field sensing as well as MEMS devices. The report addresses automotive, computer consumer, communications and industrial markets. It provides forecasts […]
IR Detector Sales to Reach $500M in 2020
According to market research firm Yole Developpement’s report “Infrared Detector Technology & Market Trends 2015,” smart lighting, smart buildings and mobile devices will drive the infrared (IR) detector market to about $500M in 2020. Rather than addressing imaging, the report covers IR sensors that produce a signal to be analyzed for detection. It includes: market […]
Report Forecasts Price Erosion in Sensors
In its 350-page O-S-D Report—A Market Analysis and Forecast for Optoelectronics, Sensors/Actuators, and Discretes, IC Insights provides outlook guidance for sensors and other semiconductor-based technologies. Sensors are specifically projected to have single-digit declines in sales, however, CMOS image sensors are expected to have double-digit growth. The market analyst expects growth in the sensor/actuator market segment […]
Smart Phones to Drive Sensor Clusters
Market analysts at Yole Développement have labeled three clusters that currently exist in smartphones: the closed package sensor cluster, the open cavity cluster and the optical cluster. The well-established closed cluster includes inertial sensors (accelerometer, gyroscope and magnetometer), the open cavity cluster includes sensors that need to contact the environment or outside world and the […]
Sensing in Wearable Electronics
As an integral part of the Internet of Things (IoT), Yole Développement analysts estimate that the wearable industry will reach 295M units by 2020, with a market value of $95B. Driven by consumer, healthcare, and industrial market requirements, the market research firm sees a transition occurring in the healthcare segment from bulky devices that target […]
Energy Harvesting Market Growing – But How Much?
In a volatile market and with rapidly developing technology, future expectations can range widely. This is certainly true for energy harvesting today. In 2012, one report forecast, “The global market is expected to reach $1894.87 million by 2017 at an estimated CAGR of 24.31%.” A year later another report projected, “Energy harvesting market worth $4.2 […]
Identifying or Sensing a Specific Individual through Biometrics Poised to Grow
Newly established use cases and technology advances signal future growth for biometrics. With fingerprint, voice, eyes, or even an electrocardiogram, biometrics poses a far lower risk than passwords. The Tractica report, “Biometrics Market Forecasts”, has a 10-year market forecast for biometrics hardware and software during the period from 2015 through 2024. The growth from $2.0 […]
How will the IoT Change the Sensing Business?
A new report from Yole Développement addresses how the Internet of Things (IoT) will impact sensing over the next ten years. The “Technologies & Sensors for the Internet of Things: Businesses & Market Trends 2014-2024” report forecasts that device business will reach $45B in 2024, contributing to a total IoT market of $400B. The report […]
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