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June 28, 2007
Sensors Market to Reach $61 Billion by 2010, According to a New Report
The world sensors market is expected to reach US$61.4 billion by 2010. The advent of micro-technology has revolutionized the electronics industry so much so that miniaturization has now become one of the buzzwords across the globe. Further, the role played by the micro-technology is enormous and sensors, as an offshoot of this know-how, are used in most of the industrial electronic applications.
San Jose, California (PRWEB) June 28, 2007 -- A new report titled "Sensors: A Global Strategic Business Report" has been released by Global Industry Analysts, Inc. The report provides a comprehensive review of market trends, product profile, players, competition, technological developments, recent developments, mergers, acquisitions, and other strategic industry activities.
Analysis is presented for major geographic markets such as United States, Japan, France, Germany, the UK, Italy, Asia, Latin America and rest of world. Analytics are provided in terms of product segments including Pressure Sensors, Chemical Sensors, Flow Sensors, Level Sensors, Temperature Sensors, Proximity & Displacement Sensors, Force and Load Sensors, Position Sensors, Image Sensors and Fiber Optic Sensors. Analytics are also presented for end-use segments including Automobile Applications, Process & Manufacturing Industries, Machine Tools & General Machinery, HVAC & Building Control, and Office Automation & Communication.
The US$11.5 billion chemical sensors market represents the largest segment of the global sensors market. The United States, Europe and Asia (including Japan) collectively account for about 90% of the global share. Global image sensors market is expected to register CAGR of over 18%. The United States sensors market, worth US$13.5 billion represents is the largest market worldwide. Flow sensor sales account for over 10% of the total sensors market in the United States. Level sensors market in Asia-Pacific is expected to be nearly US$500 million in 2010.
Sensors provide vital input to controllers and computer control systems that form the basis of automated decision making processes. Application areas span from simple switches and temperature-sensing devices to sophisticated sensors in advanced manufacturing equipment and factory automation systems. Growth in the market will be derived from emerging application areas such as defense/aerospace, consumer goods, process/control, automation, medical and automotive markets. Automotive sector represents a key driving force for worldwide sensors market. Demand for automotive sensors is expected to grow at a moderately faster rate due to growing technology penetration.
The sensors market is intensely competitive and highly fragmented. Amongst the most technologically driven industries, sensors continued to show growth over the years. However, only handful of key suppliers and manufacturers dominate the global market. Leading players include Bosch Sensortec, Dalsa, CTS Automotive, Honeywell, Corrsys-Datron and Continental AG. Market participants include Analog Devices, Allegro, Atmel Corporation, BEI Technologies, Bourn, City Technology Holdings, Denso Corporation, Eaton Corp, ELMOS Semiconductor, GE Security, Goodrich Corporation, Melexis Microelectronic Integrated Systems, OmniVision Technologies, Rockwell Collins, Siemens, Sensata Technologies, STMicroelectronics, TRW Automotive, TT Electronics and others
For more details about this research report, please visit www.strategyr.com/MCP-2740.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
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Web Site www.StrategyR.com
Posted by Industrial-Manufacturing at June 28, 2007 09:57 PM