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Global sensor market to reach $300.5 billion by 2029

The global market for sensors is estimated to increase from $179.7 billion in 2023 to reach $300.5 billion by 2029, at a compound annual growth rate (CAGR) of 8.9% from 2024 through 2029, according to Research and Markets.

This report provides an overview of the global market for sensor technologies and analyzes market trends. Using 2023 as the base year, the report provides estimated market data for the forecast period from 2024 to 2029. Revenue forecasts for this period are segmented based on type, end-use industry and geographical region.

This report also focuses on the major driving trends and challenges that affect the market and the vendor landscape. It surveys the current trends operating in the global sensors market, and concludes with an overview of this market’s competitive landscape, including profiles of the major players.

Key Highlights

  • By sensor type, image sensors are expected to dominate the market by the end of 2029.
  • Americas holds the highest share of the global sensors market.

The report includes:

  • 126 data tables and 49 additional tables
  • An overview of the global market and technologies for sensors
  • Analysis of global market trends, featuring revenue data for 2023, estimated figures for 2024, forecasts for 2025, 2028, and projected CAGRs through 2029
  • Evaluation of the current market size and revenue growth prospects specific to sensors, along with a market share analysis by type, application, and region
  • Assessment of the sensor life cycle and the future of the sensor industry
  • Coverage of the latest sensor developments, including R&D, emerging technologies, government regulations and mandates, and economic trends
  • Discussion of how to overcome challenges in commercialization
  • A look at ESG trends
  • Determination of the key companies’ market shares, their proprietary technologies, strategic alliances, and patents
  • Company profiles of major players within the industry, including Ametek, Amphenol, TE Connectivity, Infineon Technologies, Honeywell International and Robert Bosch

Research and Markets

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