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Some sensor markets such as pressure sensors, temperature sensors, flow sensors, and level sensors have demonstrated the features of a mature market. Flow sensors, pressure sensors, and temperature sensors are the largest in the market, accounting for 21%, 19%, and 14% of the entire sensor market. The major growth in the sensor market comes from emerging sensors such as wireless sensors, MEMS (Micro-Electro-Mechanical Systems) sensors, and biosensors. Among them, the wireless sensor's compound annual growth rate in 2007-2010 is expected to exceed 25%.
At present, the global sensor market shows a rapid growth trend in the ever-changing innovation. Relevant experts pointed out that the major technologies in the field of sensors will be extended and improved on an existing basis. Countries will compete to accelerate the development and industrialization of new generation sensors, and competition will become increasingly fierce. The development of new technologies will redefine the future market of sensors, such as the emergence and market share of new sensors such as wireless sensors, fiber optic sensors, smart sensors and metal oxide sensors.
Global sensor market will exceed US$60 billion in 2010
According to the sensor market report of the consulting company INTECHNOCONSULTING, the global sensor market capacity in 2008 was 50.6 billion U.S. dollars, and the global sensor market in 2010 is expected to reach more than 60 billion U.S. dollars. The survey shows that Eastern Europe, Asia Pacific, and Canada have become the fastest growing areas for the sensor market, while the United States, Germany, and Japan are still the most widely distributed areas for the sensor market. Worldwide, the fastest-growing sensor market is still the automotive market, the second is the process control market, optimistic about the communications market.