The global biomedical sensor market was valued at US$9.554 billion in 2017 and is projected to expand at a CAGR of 3.75% over the forecast period to reach US$11.912 billion by 2023. Biomedical sensors are tools that detect specific biological, chemical or physical processes and then transmit or report this data. They are often used to monitor the safety of medicines, food, environmental conditions and other substances we may encounter. Biomedical sensors have become ubiquitous in this new-age Read more...
The global chemical sensor market is projected to grow at a CAGR of 4.89% to reach US$9,421.399 million by 2024, from US$7,076.538 million in 2018. The major factors driving the demand for chemical sensors worldwide are increasing concerns regarding the quality of air and rising adoption across industry vertical. Increasing expenditure on oil and g Read more...
Global biometric sensor market is projected to witness a CAGR of 11.49% during the forecast period to reach a total market size of US$1,831.088 million by 2023, increasing from US$953.627 million in 2017. A biometric sensor uses a person’s behavioural or physiological characteristics for authentication purposes. These characteristics includes fingerprint, face, keystroke, signature, and DNA among many others. The major factors driving the demand for these sensors are increasing adoption of ele Read more...
The fiber optics sensor market was valued at US$1.986 billion in 2017 and is projected to grow at a CAGR of 9.79% over the forecast period to reach US$3.479 billion by 2023. Rising adoption of these sensors in the healthcare industry and their operational sensing efficiency in harsh environments will be the major factors driving the demand for these sensors. In addition, increasing research expenditure to make advancements in the fiber optic sensing technology will further add to the growing dem Read more...
Chemical Vapour Deposition Sensor market is projected to witness a CAGR of XX.XX% during the forecast period to reach a total market size of US$XX.XX billion by 2023, increasing from US$XX.XX billion in 2017. This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information Read more...
The sensor patch market is projected to grow at a CAGR of 43.40% to reach US$534.692 million by 2023, from US$61.487 million in 2017. The sensor patches are wearable digital health devices which are used majorly for healthcare applications such as geriatric care, long-term medical care and childcare. These devices are used to determine and measure moisture conditions in medical care areas. Apart from medical applications, the sensor patch devices can also be used in fitness and sports applicatio Read more...
The United States (U.S.) pressure sensor market is expected to reach US$ 470.66 million by the end of 2023, increasing from US$ 332.03 million in 2017, growing at a CAGR of 5.99% during the forecast period. Growing automotive and manufacturing industries in the country are the major factor driving the demand for a pressure sensor in the USA. Moreover, increasing healthcare expenditure and rising health concerns will further boost the demand for pressure sensors Read more...
The Canada pressure sensor market will grow at a CAGR of 0.49% to reach a total market size of US$ 81.49 million in 2023 from US$ 79.13 million in 2017 during the forecast period. Increasing healthcare expenditure and rising expenditure on the research and development of advanced medical devices will drive the demand for a pressure sensor in this country. The automotive production is projected to grow at a moderate rate over the years, which will further add to the demand for pressure sensors. G Read more...
The North America pressure sensor market is expected to reach US$692 million by the end of 2023, increasing from US$ 508 million in 2017, growing at a CAGR of 5.30% during the forecast period. The growth of the North America pressure sensor market is mainly driven by increasing production of automotive and heavy investment in the field of research and development. Availability of skilled workforce and rapid adoption of new technology such as electric vehicles will further add to the demand for p Read more...
The Mexico pressure sensor market will grow at a CAGR of 6.39% to reach a total market size of US$ 139.82 million in 2023 from US$ 96.43 million in 2017 during the forecast period. Budding demand for electric vehicles and increasing automotive production will be major driving factors for pressure sensors in Mexico. Increasing healthcare expenditure by the government will facilitate additional healthcare infrastructure and a rise in a number of medical devices, which will boost the demand for pre Read more...
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