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Electronic Sensors Market Size, Share, Industry Trends and Forecast to 2030

Electronic Sensors Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.


  • Published date -30th Jan 2024

  • Formats -PDF, CSV

  • Region -Global

Electronic Sensors Market Analysis

Electronic Sensors Market Analysis

Market Size & CAGR of Electronic Sensors Market in 2021

The global electronic sensors market is expected to have a growth rate of 4.5% CAGR from 2021 to 2028. The market is anticipated to reach USD 25.3 billion by 2028.

COVID-19 Impact on the Electronic Sensors Market

The COVID-19 pandemic has significantly impacted the electronic sensors market. With the global supply chain disruptions and economic slowdown, the market witnessed a temporary decline in demand. However, the market is expected to recover as industries resume operations post-pandemic.

Electronic Sensors Dynamics

The electronic sensors market is driven by technological advancements, increasing demand for automation, and the integration of sensors in various industries. The market is also influenced by factors such as government regulations and the growing trend of IoT devices.

Segments and Related Analysis

Sensor Type

The market is segmented into temperature sensors, pressure sensors, motion sensors, proximity sensors, and others. Temperature sensors had the largest market share in 2021.

Application

The market is segmented by application into automotive, consumer electronics, healthcare, aerospace, and others. Automotive applications dominated the market in 2021.

By Region Analysis

The electronic sensors market in North America accounted for the largest share in 2021, followed by Europe and Asia Pacific. The market is expected to witness significant growth in emerging economies due to increasing industrialization.

Key Market Players and Competitive Landscape

Key players in the electronic sensors market include Honeywell International Inc., Texas Instruments Inc., STMicroelectronics, Siemens AG, and Bosch Sensortec. These companies focus on innovation and strategic partnerships to maintain their market position.

Recent Happenings in the Electronic Sensors Market

In recent developments, Honeywell launched a new line of advanced temperature sensors for industrial applications. Texas Instruments announced a strategic collaboration with a leading automotive manufacturer to develop sensor technologies for autonomous vehicles.

Frequently Asked Questions (FAQ):