Posts

Showing posts with the label accelerometers

IoT, AI and Factory Automation to Drive Demand for Industrial Sensors to Reach $48 Billion by 2029 | Market Report (2023-2029) by Industry Experts, Inc

Image
Industry Experts, Inc. introduced the new global market research report on industrial sensors. According to this new report entitled " Global Industrial Sensors Market – Sensor Types, Functionality Types and End-Use Sectors ", Asia-Pacific is the largest market for industrial sensors in 2023 with a global share of 31% while North America and Europe closely follow, occupying 25% and 22% respectively in the same year. Industrial sensors offer the capability of perceiving a physical quantity at the input point and transmitting an equivalent electrical output at the output point. Sensors, being devices that convert one form of energy into another, are considered to be transducers. In simple terms, sensors are able to detect their surroundings and transform that input into an output capable of being comprehended by a computer or a process controller. Irrespective of complexity, the role played by industrial sensors in virtually every modern manufacturing process is highly signif...

Automotive Sensors Global Market to Reach $30 billion by 2020 while MEMS accounts 15%

Industry Experts has today released the new market report on Automotive Sensors . With a special focus on MEMS sensors market , the report reveals that the global market for automotive sensors is projected to reach just over US$30 billion by 2020 while MEMS accounts for 15% of the total market in the same year. Automotive Sensors are vital components of automotive electronic systems, as modern vehicles rely on these electronic systems to make sure vehicles meet efficiency and security standards as well as environmental regulations. Driven by government regulations of safety and emissions, introduction of high-end options in modern vehicles by major automobile manufacturers and consumer demand for safety, comfort, infotainment applications and fuel efficiency, automotive electronics content per vehicle is on the rise. As the electronics content is increasing in automobiles, the number of automotive sensors used in vehicles is also increasing. Primarily, the government regulations in...