Product Code: IAS035G
The global market for pressure sensors was valued at $15.8 billion in 2023, and it is expected to reach $25.0 billion by 2028, at a compound annual growth rate (CAGR) of 9.6% from 2023 through 2028.
The global market for wireless sensors was valued at $12.3 billion in 2023, and it is expected to reach $32.4 billion by 2028, at a CAGR of 21.4% from 2023 through 2028.
The global market for electrical current sensors was valued at $3.0 billion in 2023, and it is expected to reach $4.8 billion by 2028, at a CAGR of 10.1% from 2023 through 2028.
Research Review Scope
Instrumentation and Sensors are important elements for the majority of technology products being built today, and their application areas cover products from simple switches and temperature-sensing devices as part of the most basic of home appliances to sophisticated manufacturing equipment and factory automation systems. Micro-technology has revolutionized the electronics industry, and miniaturization has become a standard part of any system. Industrial requirements have increased, indicating room for growth in sensor usage.
The need for instrumentation and sensors is increasing in various applications. Therefore, it is imperative to produce high-quality sensors, and as manufacturer rivalry grows, sensor prices are decreasing faster than before. The sensors employed in automation will also be determined by how well physical characteristics are collected as data. Therefore, even though the cost aspect grows greatly, the dependability aspect would be given priority when it comes to sensors. Furthermore, an accurate dataset produced by the sensors will be necessary for the development of AI technologies. Future sensors will be more intelligent and precise owing to the training of AI models on this data for categorization and regression issues.
Research Reviews from BCC Research provide market professionals with concise market coverage within a specific research category. This 2023 Instrumentation and Sensors Research Review provides a sampling of the type of quantitative market information, analysis, and guidance that BCC Research has been developing since its inception in 1971 to help its customers make informed business decisions. This Research Review includes highlights and excerpts from the following reports published by BCC Research in 2023:
IAS200A Pressure Sensors: Technologies and Global Markets.
IAS019E Wireless Sensors: Technologies and Global Markets.
IAS159B Electrical Current Sensors: Technologies and Markets.
IAS029G Terahertz Radiation Systems: Technologies and Global Markets.
IAS020E RFID: Technology, Applications, and Global Markets.
IAS196A Sensor Fusion: Global Market Outlook.
IAS010J Machine Vision - 2D and 3D MV Systems: Technologies and Markets.
After you survey the excerpts in this Research Review, we encourage you to follow up on these topics by checking out the full market research reports associated with each topic. BCC Research looks forward to serving your market intelligence needs in the future.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence, providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Table of Contents
Chapter 1 Foreword
Chapter 2 Pressure Sensors: Technologies and Global Markets (IAS200A)
- Introduction
- Study Goals and Objectives
- Reasons for Doing This Study
- Scope of this Report
- Market Outlook
- Market Summary
- Market Overview
- Market Dynamics
- Market Driver
- Market Challenge
- Emerging Technologies and Opportunities
- Self-Learning Sensors
- Wireless Sensors Networks
- Integration of Pressure Sensors in IoT Platforms and Devices
- Flexible Pressure Sensors
- Pressure Sensors Market Analysis, by Technology
- Piezoresistive
- Capacitive
- Optical
- Piezoelectric
- Others
- Pressure Sensors Market Analysis, by Measurement Mode
- Absolute
- Differential
- Gauge
- Sealed and Vacuum
- Pressure Sensors Market Analysis, by Region
- The Americas
- Europe
- Asia-Pacific
- Middle East and Africa
- Environmental, Social and Governance Developments
- ESG Performance in Pressure Sensor Market
- Current Status of ESG in the Pressure Sensor Market
- Consumer Attitudes Toward ESG
- ESG Practices in the Pressure Sensor Market
- Case Study
- Concluding Remarks from BCC Research
Chapter 3 Wireless Sensors: Technologies and Global Markets (IAS019E)
- Introduction
- Study Goals and Objectives
- Reasons for Doing This Study
- Scope of Report
- Market Outlook
- Market Summary
- Market Overview
- Regulatory Standards
- Assessment of the Impact of COVID-19 on the Market
- Assessment of the Impact of Russia-Ukraine War on the Market
- Market Dynamics
- Market Driver
- Market Opportunity
- Market Restraint
- Wireless Sensors Market Breakdown, by Measurable Parameter
- Wireless Biological Characteristic Sensors
- Wireless Motion and Position Sensors
- Wireless Temperature Sensors
- Wireless Flow Sensors
- Wireless Surveillance and Image Sensors
- Wireless Level Sensors
- Wireless Pressure Sensors
- Wireless Humidity Sensors
- Wireless Chemical Composition Sensors
- Wireless Sensors Market Breakdown, by Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Environmental, Social, and Governance (ESG) Perspective
- ESG Performance in Wireless Sensors Market
- Current Status of ESG in the Wireless Sensors Market
- Key ESG Issues in the Wireless Sensors Market
- Consumer Attitudes Towards ESG in Wireless Sensors Market
- Case Study
- Concluding Remarks from BCC
- Emerging Technologies
Chapter 4 Electrical Current Sensors: Technologies and Markets (IAS159B)
- Study Goals and Objectives
- Reasons for Doing the Study
- Scope of Report
- Market Summary
- Market Overview
- Advancements in Electric Current Sensors
- Regulatory Standards
- Future Outlook
- Market Dynamics
- Market Driver
- Market Restraint
- Market Opportunity
- Current Sensors Market Analysis, by Technology
- Hall Effect Current Sensors
- Fiber-Optic Current Sensors
- Rogowski Coil Current Sensors
- Fluxgate Current Sensors
- Others
- Current Sensors Market Analysis, by Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
Chapter 5 Terahertz Radiation Systems: Technologies and Global Markets (IAS029G)
- Study Goals and Objectives
- Reasons for Doing the Study
- Scope of Report
- Market Outlook
- Market Summary
- Introduction to Terahertz Radiation
- THz Enabling Technologies
- THz Sources
- THz Detectors
- THz Waveguides
- THz Switches, Regulators, Lenses, and Other Devices
- New Materials and Technologies
- Market Dynamics
- Market Driver
- Market Restraint
- Market Opportunity
- Global Market, by Type
- Key Takeaways
- THz Imaging Systems
- THz Spectroscopes
- THz Sensors
- THz Communication Systems
- THz Computing
- Therapeutic Devices
- THz Accelerators
- Global Market, by Region
- Key Takeaways
- North America
- Europe
- Asia-Pacific
- South America
- Rest of the World
Chapter 6 RFID: Technology, Applications, and Global Markets (IAS020E)
- Study Goals and Objectives
- Scope of Report
- Market Summary
- Market Overview
- RFID Standards
- RFID Technology Roadmap
- Use Cases Analysis
- Industry 4.0 Operations
- Distribution and Logistics
- Asset Tracking
- Supply Chain Management
- Track & Trace and Regulatory Compliance
- Brand Protection Anticounterfeiting & Grey Market Control
- Retail
- Inventory Accuracy
- Visual Merchandising
- Replenishment From Stockroom
- Customer Experience and Relationship Management
- Anti-theft
- Omnichannel Sales
- Assessment of the COVID-19 Impact on the Market
- Market Dynamics
- Market Driver
- Market Challenge
- Market Opportunity
- Global RFID Market Breakdown, by Frequency
- Low Frequency
- High Frequency
- Ultra-High Frequency
- Global RFID Market Breakdown, by Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Chapter 7 Machine Vision-2D and 3D MV Systems: Technologies and Markets (IAS010J)
- Study Goals and Objectives
- Scope of Report
- Market Summary
- Market Overview
- Advantages of Machine Vision Systems
- Key Opportunities Prioritized, 2021
- Robot Vision
- IR Spectrum
- Digital Twins and Models
- Resource Optimization
- New Developments in Machine Vision Systems
- Impact of COVID-19 on the Market
- Market Dynamics
- Market Driver
- Market Challenge
- Market Opportunity
- MV Systems Market, by Type of System
- 1D Vision
- 2D Vision
- 3D Vision
- MV Systems Market, by Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Chapter 8 Sensor Fusion: Global Market Outlook (IAS196A)
- Scope of Report
- Market Snapshot
- Executive Summary
- Market Overview
- Market Dynamics
- Market Driver
- Market Challenge
- Emerging Technologies and Opportunities
- Commercialization of Autonomous Vehicles
- Growing Demand for Wearable and Connected Devices
- Growth of Virtual Smart Sensors
- Market for Sensor Fusion, by Sensor Type
- Inertial Combo Sensors
- LiDAR + Radar + Image Sensors
- IMU + GPS
- Temperature and Pressure Sensor
- Others
- Market for Sensor Fusion, by Region
- The Americas
- Europe
- Asia-Pacific
- Middle East and Africa
Chapter 9 Appendix
- Methodology
- Analyst's Credentials