Global Wireless Sensor Network Market

The vibration sensor market consists of the sale of vibration sensor devices or related products by entities (organizations, sole traders, and partnerships) that are used to measure the frequency of vibration in a given system, machine, or equipment. Vibration sensors are devices that convert vibrations into electrical output and measure the levels of vibration in machines, devices, and equipment. These sensors are also used for measuring fluctuating accelerations or speeds or for normal vibration measurement. The main product types of vibration sensors are velocity transducers, electrodynamics, accelerometers, and non-contact displacement transducers. Velocity transducers are used to detect high-frequency vibration signals related to casing and foundation resonances, bearing supports, and others. The velocity transducers are used in gas turbines, axial compressors, and small and mid-size pumps. The different vibration sensor materials include doped silicon, quartz, and piezoelectric ceramics. The different vibration sensor technologies include piezoresistive, strain gauge, variable capacitance, and optical, which are used by end-users such as aerospace, coal and quarry, oil and gas, medical and pharmaceuticals, automobiles, and consumer electronics. The global vibration sensors market size is expected to grow from $3.37 billion in 2021 to $3.63 billion in 2022 at a compound annual growth rate (CAGR) of 7.52%. The growth in the market is mainly due to the companies' rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global vibration sensor market size is expected to reach $4.87 billion in 2026 at a CAGR of 7.61%. The growing airline industry is expected to propel the growth of the vibration sensor market. In aircraft, vibration analysis is carried out on engines to check vibration levels and ensure no cracking, functioning avionics, and engine performance. According to Boeing’s 2020–2039 commercial market outlook, India's domestic air passenger market is expected to double its size by 2030, from pre-pandemic levels, creating demand for an additional 2,200 new commercial aircraft in the next 20 years in India. Hence, the growing airline industry is expected to contribute to the demand for vibration sensors, thus driving the market during the forecast period.  Technological advancements are a key trend gaining popularity in the vibration sensors market. Technological advancement is the discovery of knowledge that advances technology. For instance, in March 2020, SKF, a Sweden-based manufacturer of industrial products, launched a compact and cost-effective vibration and temperature sensor for monitoring the condition of rotating parts on heavy industrial machinery. The sensor, named SKF Enlight Collect IMx-1, enables customers to reduce both expensive unplanned downtime and their maintenance costs. It can be used to automate the gathering of data regarding the health of machinery. In December 2020, Japan-based machine manufacturing company, NSK Ltd., acquired B&K Vibro for an undisclosed amount. The deal further strengthens NSK's ability to cater to the growing needs of automation, labour savings, smart technology, and environmental measures. The acquisition strengthens NSK’s condition monitoring system (CMS) business platform and enhances its position in the condition monitoring market. B&K Vibro is a Germany-based condition monitoring systems company offering products and services such as vibration sensors, vibration monitors, online-integrated plant-wide monitoring solutions and others. TE Connectivity Ltd, Honeywell International Inc, Emerson Electric Co, Robert Bosch GmbH, Dytran Instruments, Inc, Fluke Corporation, NXP Semiconductors N.V., FUTEK Advanced Sensor Technology, Inc., Hansford Sensors Ltd., Keyence Corporation, Colibrys Ltd., DIS Sensors, SKF GmbH, Texas Instruments Incorporated, Omron Corp, and PCB Piezotronics are major vibration sensor market players. In 2021, North America will be the largest region in the vibration sensor market. Asia-Pacific is expected to be the fastest-growing region in the global vibration sensors market during the forecast period. The regions covered in the global vibration sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the vibration sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global vibration sensor market is segmented - 1) By Product Type: Velocity Transducers, Electrodynamics, Accelerometers, Non-Contact Displacement Transducer 2) By Material: Doped Silicon, Quartz, Piezoelectric Ceramics 3) By Technology: Piezoresistive, Strain Gauge, Variable Capacitance, Optical 4) By End-User: Aerospace, Coal and Quarry, Oil and Gas, Medical and Pharmaceuticals, Automobile, Consumer Electronics

The pressure sensor market consists of sales of pressure sensors by entities (organizations, sole traders, and partnerships) that are used to measure pressure of gases or liquids. A pressure sensor is an instrument that consists of a pressure-sensitive element to determine the actual pressure applied to the sensor with the help of different working principles and some components to convert this information into an output signal. The main types of pressure sensors are absolute pressure sensor, gauge pressure sensor, differential pressure sensor, and others. The absolute pressure sensor uses absolute zero as its reference pressure, measured relative to a full vacuum. Regardless of variations in ambient or process temperature, absolute pressure remains exact and accurate. An absolute pressure sensor is used when testing against a consistent baseline. The various technology used in pressure sensor includes piezoresistive, capacitive, resonant solid-state, electromagnetic, optical, piezoelectric, and others. Pressure sensors are of wired and wireless type, and provide output in either analog or digital. These sensors are applied in various industries such as automotive, industrial, consumer electronics, healthcare, oil and gas, aerospace and defense, and others. The global pressure sensor market size is expected to grow from $11.09 billion in 2021 to $12.13 billion in 2022 at a compound annual growth rate (CAGR) of 9.37%. The growth in the pressure sensor market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global pressure sensor market size is expected to reach $17.04 billion in 2026 at a CAGR of 8.87%. The rising adoption of pressure sensors in industrial applications is expected to propel the growth of the pressure sensor market. In automation and industries, pressure sensors are used in systems to measure variables such as speed, fluid/gas flow, water level, and altitude. For instance, in 2020, Sensata Technologies, a US-based manufacturer of pressure sensors, launched hermetic pressure transducers that are built based on self-propelled micro silicon strain gauge technology. These sensors are used for industrial processes and contain mid to high-pressure ranges. They have high accuracy, burst strength, and shock and vibration performance, which makes them a reliable and robust solution for customers with challenging measurement requirements. Therefore, the rising adoption of pressure sensors in industrial applications is driving the growth of the pressure sensors market. Technological advancements are a key trend gaining popularity in the pressure sensor market. For instance, in 2021, BD Sensors GmbH, a Germany-based manufacturer of pressure sensors and pressure measurement devices, launched a DS5 electronic pressure switch. It has been designed for use in mobile working machines such as cranes, excavators, and harvesters and provides operational safety in mobile working machines. It is available in the measuring ranges from 16 to 600 bar and is characterized by having a switching accuracy of 1% FSO and a high overload. In March 2021, Mettler-Toledo International Inc., a US-based manufacturer of analytical instruments, acquired PendoTECH for a deal amount of $205 million. Through this acquisition, Mettler-Toledo International Inc. is expected to increase its product portfolio and update its existing product line. PendoTECH is a US-based manufacturer of single-use pressure sensors, transmitters, and control systems. Major players in the pressure sensor market are ABB Ltd., Emerson Electric Co., Honeywell International Inc., Infineon Technologies, NXP Semiconductors, Rockwell Automation Inc., Sensata Technologies, Siemens, STMicroelectronics, TE Connectivity, Amphenol, BD SENSORS GmbH, Bosch Sensortec GmbH, Eaton, General Electric, ifm electronic GmbH, Micro Sensor Co. Ltd, Quartzdyne Inc., Renesas Electronics, and TT Electronics. North America was the largest region in the pressure sensor market in 2021. Asia Pacific is expected to be the fastest-growing region in the global pressure sensor market during the forecast period. The regions covered in the global pressure sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the pressure sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global pressure sensor market is segmented - 1) By Product Type: Absolute Pressure Sensor, Gauge Pressure Sensor, Differential Pressure Sensor, Others 2) By Technology: Piezoresistive, Capacitive, Resonant Solid-State, Electromagnetic, Optical, Piezoelectric, Others 3) By Output: Analog, Digital 4) By Sensor Type: Wired, Wireless 5) By Application: Automotive, Industrial, Consumer Electronics, Healthcare, Oil and Gas, Aerospace and Defense, Others

The torque sensor market consists of sales of torque sensors by entities (organizations, sole traders, and partnerships) that manufacture torque sensors. A torque sensor is a transducer that converts mechanical torque to an electrical signal. There are two types of torque sensors – reaction and rotary. Torque sensors are used in numerous applications in the automotive, motorsports, aerospace, rail, and construction industries. Some of the applications of torque sensors include drag torque measurement, precision mechanics, screwing technology, and testing tools. The main types of torque sensors are reaction and rotary torque sensors. Reaction torque sensors convert a reaction torque measurement into an electrical signal. Rotary sensors are commonly used in automotive engine testing, drive train measurements, electric motor testing, and gearbox testing. By technology, major types of torque sensors are surface acoustic wave (SAW), optical, and magnetoelastic torque sensors. Major applications of torque sensors include the automotive, industrial, aerospace and defense, and healthcare industries. The global torque sensor market size is expected to grow from $6.68 billion in 2021 to $7.66 billion in 2022 at a compound annual growth rate (CAGR) of 14.63%. The growth in the torque sensor market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global torque sensor market is expected to reach $15.76 billion in 2026 at a CAGR of 19.77%. The increasing adoption of electric vehicles is contributing to the growth of the torque sensor market. Electric automotive manufacturers use torque sensors for measuring the drive and braking torque and efficiency. As of 2020, there were 10 million electric vehicles on the roads globally. In 2020, global electric car sales reached about 3 million, with new electric car registrations increasing by 40%. Therefore, the growing demand for electric vehicles is driving the growth of the torque sensor market. Technology advancements are a key trend gaining popularity in the torque sensor market. For example, in September 2021, Sensor Technology Ltd launched a range of non-contact torque sensors that use surface acoustic wave detection. In January 2020, TE Connectivity, a Swiss manufacturer of sensors announced a safety torque sensor for human-robot collaborations. In April 2021, Amphenol, a US-based producer of electronic and fiber optic connectors, cables, and sensors, acquired MTS Systems for an undisclosed amount. This acquisition combined with the strength of companies’ highly complementary sensor product portfolios will allow offering customers an expanded array of innovative technologies across multiple end markets. MTS Systems is a US-based supplier of test systems and industrial sensors. Major players in the torque sensor market are ABB Group, Applied Measurements Ltd., Crane Electronics Ltd., FUTEK Advanced Sensor Technology Inc, Honeywell International Inc., Infineon Technologies AG, Kistler Group (Kistler Holding AG), MagCanica Inc., Snap-On Inc. (Norbar Torque Tools), Datum Electronics Limited, HBM GmBH, PCB Piezotronics, Interface Inc., Teledyne Technologies Inc., TE Connectivity, Bota Systems, HITEC Sensor Solutions, KONUX, Mountz, Robotiq, S. Himmelstein & Company, Transense Technologies, and ATI Industrial Automation Inc. North America was the largest region in the torque sensor market in 2021. Asia Pacific is expected to be the fastest-growing region in the global torque sensor market during the forecast period. The regions covered in the global torque sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the torque sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global torque sensor market is segmented - 1) By Type: Reaction Torque Sensor, Rotary Torque Sensor 2) By Technology: Strain Gauge, Surface Acoustic Wave (SAW), Optical, Magnetoelastic 3) By Application: Automotive, Industrial, Aerospace and Defense, Healthcare

The position sensor market consists of sales of position sensors by entities (organizations, sole traders, and partnerships) that refer to a device that can identify an object's movement or identify its relative position to a known reference point. These sensors are used to detect the presence or absence of an object. It is also used to measure the distance travelled by a body from its starting point. It determines the linear or angular location of a fixed point or arbitrary reference.  The main types of position sensors are linear position sensors and rotary position sensors. Linear position sensors refer to a sensor that measures the distance of an object from a point of reference and also the changes in position. They accomplish this by converting displacement to electrical output. Linear position sensors and measuring systems are employed in both industrial and research applications. They are differentiated by contact into non-contact type and contact type and provide both digital and analog outputs. Position sensors are used in machine tools, robotics, motion systems, material handling, test equipment, and others (inspection systems and measurement) in various end-users such as manufacturing, automotive, aerospace, packaging, healthcare, and electronics. The position sensors market research report is one of a series of new reports from The Business Research Company that provides position sensors market statistics, including position sensors industry global market size, regional shares, competitors with a position sensors market share, detailed position sensors market segments, market trends and opportunities, and any further data you may need to thrive in the position sensors industry. This position sensors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global position sensors market size is expected to grow from $4.75 billion in 2021 to $4.98 billion in 2022 at a compound annual growth rate (CAGR) of 4.85%. The global position sensors market size is expected to grow to $7.52 billion in 2026 at a compound annual growth rate (CAGR) of 10.85%. Increasing demand for electronics and sensor systems in automobiles will propel the growth of the position sensor market. Due to the rise in passenger car sales, there is an increased demand for adaptive cruise control sensors as top automakers are working on incorporating these sensors into more affordable vehicles. This leads to the expansion of the automotive sensor industry, thereby contributing to the growth of the position sensor market. For instance, as per the Indian Brand Equity Foundation (IBEF), in February 2022, passenger vehicle sales in India increased from 17.47 million units in 2020 to 18.49 million units in 2021, accounting for a 5.8% increase during the 2020–21 period. Additionally, according to the Japan Automobile Manufacturers Association, the Japanese car manufacturing rate in 2019 was 7.70 million. Therefore, the increasing demand for electronics and sensor systems in automobiles will contribute to the growth of the position sensor market. Product innovation is a key trend gaining popularity in the position sensor market. Companies are creating new and innovative products to satisfy market needs and expand their existing product portfolio. For instance, in December 2019, AMS AG, an Austria-based manufacturer of sensor solutions, launched AS5715, the first inductive position sensor for high-speed, automotive, and industrial electric motors to be accessible on the open market as a standard device. The new rotor position sensing systems based on the AS5715 can equal the precision and latency of widely used resolvers in high-speed motor applications while saving significantly on bill-of-materials cost, size, and weight. The commercialization of inductive position sensor semiconductor technology by AMS is a step forward in the effort to electrify automotive systems such as power steering and traction systems in electric and hybrid electric vehicles. The AS5715 inductive sensor is highly adjustable and can be used in both on-axis (end-of-shaft) and off-axis (through shaft or side-of-shaft) topologies, as well as with a variety of multi-pole-pair motors. In March 2020, TE Connectivity Ltd. (TE), a US-Swiss-based company specializing in designing and manufacturing connectors and sensors, acquired First Sensor AG for an undisclosed amount. The acquisition strengthens TE to offer an even broader product portfolio, including innovative, market-leading sensors, connections, and systems, as well as best-in-class capabilities, which will assist TE's sensors business and TE connectivity as a whole's growth plan. First Sensor delivers market expansion opportunities with optical sensing applications for industrial, heavy truck, and auto applications. First Sensor AG is a German-based company specializing in producing standard sensors and customer-specific sensor solutions in the fields of photonics, pressure, and advanced electronics. Major players in the position sensors market are Honeywell International Inc., SICK AG, AMS AG, TE Connectivity Corporation, Vishay Intertechnology, Inc., Infineon Technologies, Bourns, STMicroelectronics, Allegro MicroSystems, Heidenhain, Baumer, Novotechnik, Positek Limited, Gill Sensors & Controls Limited, Cambridge Integrated Circuits, Tekscan Inc, Sensata Technologies Inc, NewTek Sensor Solutions, KEYENCE Corporation, Renishaw Plc, Panasonic Corporation, Qualcomm Technologies In,  Denso Corporation, Sensata Technologies, TRW Automotive Inc,  Stoneridge Inc, Continental Corporation, CTS Corporation,  Bosch Sensortec GmbH, Analog Devices Inc., and Avago Technologies. Asia-Pacific was the largest region in the position sensors market in 2021 and is also expected to be the fastest-growing region in the global position sensors market during the forecast period. The regions covered in the global position sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the position sensors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global position sensors market is segmented - 1) By Type: Linear Position Sensors, Rotary Position Sensors 2) By Contact Type: Non-Contact Type, Contact Type 3) By Output: Digital Output, Analog Output 4) By Application: Machine Tools, Robotics, Motion Systems, Material Handling, Test Equipment, Others 5) By End-User Industry: Manufacturing, Automotive, Aerospace, Packaging, Healthcare, Electronics, Others

The temperature sensor market consists of sales of temperature sensor devices by entities (organizations, sole traders, and partnerships) that are used to take accurate temperature measurement readings. A temperature sensor is an electronic device that records, monitors, or signals temperature changes by measuring the temperature of its surroundings and converting the input data into electronic data. The main types of temperature sensors are contact temperature sensors and non-contact temperature sensors. Contact temperature sensors are electronic devices that need to be kept in physical contact with the substance for being sensed and use conduction mechanisms to monitor temperature changes. They are used to detect a wide range of temperatures. The different outputs include digital, analog and involve various connectivity types such as wired, wireless. It is used in several sectors including the manufacturing industry, aerospace industry, energy sector, electronics industry, HVAC industry, and others. The global temperature sensor market size is expected to grow from $7.50 billion in 2021 to $8.05 billion in 2022 at a compound annual growth rate (CAGR) of 7.3%. The change in the temperature sensor market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The temperature sensor market is expected to reach $10.49 billion in 2026 at a CAGR of 6.9%. The growing healthcare sector is significantly contributing to the growth of the temperature sensor market. The increasing healthcare business necessitates the use of temperature sensors to provide dependable and precise monitoring of key temperatures. Temperature sensors are used in sleep apnea machines, digital thermometers, blood analyzers, anesthesia delivery machines, neonatal intensive care units to monitor patient temperature, ventilators, medical incubators, humidified oxygen heater temperature monitoring and control equipment, and kidney dialysis machines. For instance, according to India Brand Equity Foundation (IBEF) report, the healthcare sector is estimated to reach US$372 billion by 2022. Therefore, the growing healthcare sector is projected to propel the growth of the temperature sensor market in the coming years. The growing technological advancements are shaping the temperature sensor market. Key players operating in the temperature sensor market are focusing on developing advanced technological temperature sensor devices to strengthen their position in the market. For instance, in March 2020, Polysense Technologies Inc., a US-based company that offers IoT-based temperature sensors launched WxS x800-IRTMS and WxS x800-IRTM based on IoT edge computing technology. WxS x800-IRTMS is a standalone thermal meter that measures human body temperature infrared touch-free. The WxS x800-IRTM is a self-calibrated IoT big data thermal meter that supports a variety of wireless uplinks for cloud connectivity, including NB-IoT, Wi-Fi, LoRaWAN, and 4G LTE. In December 2020, CTS Corporation, a US-based manufacturer of sensors and electronic components including temperature sensors acquired Sensor Scientific Inc. for an undisclosed amount. This acquisition will help CTS Corporation to expand its temperature sensing product portfolio and build a strategy for innovative products. Sensor Scientific Inc. is a US-based company that designs, develops, and manufactures temperature sensor assemblies and thermistor sensors for various industries. Major players in the temperature sensor market are Siemens AG, NXP Semiconductors N.V., Infineon Technologies AG, Texas Instruments Incorporated, Denso Corporation, TE Connectivity, Omron Corporation, Sensor Scientific Inc., CTS Corporation, WIKA Instruments India Pvt. Ltd., Keyence Corporation, Dwyer Instruments Ltd., Standex Electronics Inc., Thermocouple Technology LLC, Kelvin Technologies Inc., and Thermo Sensors Corporation. Asia Pacific was the largest region in the temperature sensor market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the temperature sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the temperature sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global temperature sensor market is segmented - 1) By Product Type: Contact Temperature Sensors, Non-Contact Temperature Sensors 2) By Output: Digital, Analog 3) By Connectivity: Wired, Wireless 4) By End-User: Manufacturing Industry, Aerospace Industry, Energy Sector, Electronics Industry, HVAC Industry, Others

The IoT sensors market consists of sales of IoT sensors and related services that are used in healthcare, automotive, transportation, manufacturing and other industrial sectors. The internet of things, or IoT, is a collection of interconnected smart devices, mechanical and digital machines, objects, animals or people supplied with unique identifiers (UIDs) and the ability to transmit data across a network without needing human-to-human or human-to-computer interaction. The main type of IoT sensors are temperature sensors, pressure sensors, humidity sensors, flow sensors, accelerometers, magnetometers, gyroscopes, inertial sensors, image sensors and others. Temperature sensors help in monitoring the temperature of a ship to log it automatically. The IoT sensors are applied across various areas such as building automation, industrial application, automotive application, healthcare application, retailing & logistics application, security application, agriculture application, other applications and used in healthcare, automotive and transportation, manufacturing/ industrial, others. The global IoT sensors market size is expected grow from $5.79 billion in 2021 to $6.20 billion in 2022 at a compound annual growth rate (CAGR) of 7.1%. The growth in the IoT sensors market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The IoT sensor market is expected to reach $8.11 billion in 2026 at a CAGR of 6.9%. The application of IoT in automotive and transport sectors is a key factor driving the growth of the IoT sensors market. The introduction of IoT in the automotive industry has opened up new opportunities for carmakers and consumers worldwide. With industrial and commercial use, IoT has become a popular hotspot for varied multifunctional applications in the automotive sector. IoT offers enhanced communication, control, and data delivery at any transportation point. For instance, the companies like Mercedes-Benz, Volkswagen, Volvo, Toyota and Google Inc. are increasingly investing in developing smart cars with rich features that offer healthier, more convenient and more enjoyable driving experiences. The driverless vehicles are likely to dominate the industry by 2030 according to NASDAQ estimates. Therefore, the application of IoT in automotive and transport industries is expected to drive the growth of the IoT sensors market. The data security concerns are a key factor hampering the growth of the IoT sensors market. The rate of data intrusions is also increasingly growing with the rising technology. IoT systems are being newly built, and safety requirements are lacking, this serves as a major obstacle to the growth of the market for IoT sensors, since enterprise data protection is of great importance when designing analytical solutions for many vertical applications. For instance, a group of researchers from Ruhr University Bochum in Germany identified a security problem in the common messaging apps WhatsApp which could allow hackers to spy on private group chats. According to Forbes, in 2021, 97% of the firms are impacted by a cybersecurity breach in their supply chain and 93% of them suffered a direct cybersecurity breach. Therefore, the data security concerns are expected to limit the growth of the IoT sensors market. The artificial intelligence is a key trend in the IoT sensors market. Artificial intelligence is the basic ingredient required to process the huge amount of data gathered these days, and to maximize its value for the company. AI will assist IoT data analysis in the following areas, such as data accuracy in time series, predictive and advanced analytics, data preparation, geospatial and location real-time (logistic data). In 2020, based on their AI capabilities, the major cloud vendors, including Amazon, Microsoft and Google, are increasingly looking to succeed. Various companies hope to expand their market share with AI algorithms capable of exploiting machine learning and deep learning, allowing businesses to derive more value from their ever-increasing data volumes. In August 2019, Vodacom, a South Africa based company, cellular and accessory provider for individual and business customers looking for quick and fast service acquired IoT.nxt for an undisclosed amount. This deal will significantly accelerate Vodacom’s Internet of Things (IoT) strategy and transform its dedicated IoT business unit. IoT.nxt, also a South Africa based company, focuses on delivering innovative software and hardware solutions for the Internet of Things (IoT). Major players in the IoT sensors market are Texas Instruments, TE Connectivity, NXP Semiconductors, STMicroelectronics, TDK Corporation, Infineon Technologies, Omron, Honeywell, Sensata Technologies, and Broadcom. Asia Pacific was the largest region in the IoT sensors market in 2021. North America was the second-largest region in the IoT sensors market. The regions covered in the IoT sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the IoT sensors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global IoT sensors market is segmented - 1) By Product Type: Temperature Sensors, Pressure Sensors, Humidity Sensors, Flow Sensors, Accelerometers, Magnetometers, Gyroscopes, Inertial Sensors, Image Sensors, Others 2) By Application: Building Automation, Industrial Application, Automotive Application, Healthcare Application, Retailing and Logistics Application, Security Application, Agriculture Application, Others 3) By End-User Industry: Healthcare, Automotive and Transportation, Manufacturing / Industrial, Others

The photoelectric sensor market consists of sales of photoelectric sensors and related services by entities (organizations, sole traders and partnerships) that manufacture photoelectric sensors. A photoelectric sensor refers to a sensor that emits a light beam from its light-emitting element. Photoelectric sensors are used in consumer electronics, industrial manufacturing, automotive and transportation, building automation, food and beverages, pharmaceuticals and medical, packaging, and other sectors. The main types of a photoelectric sensor are proximity photoelectric sensor and fiber optic photoelectric sensor. The proximity photoelectric sensor detects objects directly in front of them by detecting the sensor’s own transmitted light reflected from an object’s surface and the fiber optic photoelectric sensor detects mechanical strain or temperature, concentrations of chemical species, acceleration, rotations, pressure, vibrations, and displacements. The technologies used in photoelectric sensors are retro-reflective, through-beam, and diffused, and the range of detection varies from being =100 mm, 100 to 1,000 mm, 1,000 to 10,000 mm, and >10,000 mm. The photoelectric sensors are used in various sectors including consumer electronics, industrial manufacturing, automotive and transportation, building automation, food and beverages, pharmaceuticals and medical and packaging. The global photoelectric sensor market size is expected to grow from $1.63 billion in 2021 to $1.74 billion in 2022 at a compound annual growth rate (CAGR) of 6.3%. The change in the photoelectric sensor market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The photoelectric sensor market is expected to reach $2.29 billion in 2026 at a CAGR of 7.2%. The increasing demand for photoelectric sensors from various industries such as consumer electronics, automotive and transportation, building automation, food and beverages, pharmaceuticals and medical, packaging, and industrial manufacturing is expected to drive the market for photoelectric sensors during the forecast period. For instance, automated doors and gates on buses, trains, elevators, garages and others need to have reliable sensing technology so that they open and close at correct times. Photoelectric sensors coupled with infrared scanners can detect approaching people or vehicles and can open or close doors accordingly. Therefore, the demand for photoelectric sensors is increasing in various applications including automotive and this is expected to drive the photoelectric sensor market during the forecast period. The outbreak of COVID-19 has impacted the demand and supply chain of the photoelectric sensors market and this has restrained the market growth during the period. The shutdown of business operations across the world, owing to the impact of COVID-19 has resulted in a decline in the demand for photoelectric sensors from various industries. Also, due to lockdown norms imposed, the production of photoelectric sensors in manufacturing facilities across the world has been temporarily shut down to curb the spread of the virus and this had significantly impacted the players operating in the photoelectric sensors value chain. Therefore, the COVID-19 outbreak during 2020 has hindered the growth of photoelectric sensor market. The emergence of smart photoelectric sensors is a key trend in the photoelectric sensor market. The smart photoelectric sensor contains built-in microprocessor-based intelligence that provides them with new capabilities to optimize their adjustments and make them more reliable. Smart photoelectric sensors are rapidly becoming the norm rather than the exception and deliver advanced self-diagnostics and the ability to interface with sensor networks. For example, conventional photoelectric sensors fail to operate under any problems like accumulated dust on the lenses, whereas a smart photoelectric sensor has a microprocessor chip that initiates an alarm signal to the controller and flash LED. Diagnostic alarms provide early warnings against the problem that occurred. Therefore, smart photoelectric sensors are more reliable and efficient and it is an emerging trend in the smart photoelectric market. In January 2019, SICK Group, one of the world’s leading producers of sensors and sensor solutions for industrial applications, acquired Chilean joint venture SICK SpA for an undisclosed amount. The deal aims to acquire 50% shares and strengthening its position in South America. SICK Group produces sensors and sensor solutions for industrial applications. SICK SpA is a provider of sensors, safety systems and automatic identification products. Major players in the photoelectric sensor market are Schneider, Baumer Group, Panasonic, Omron Corp., SICK, Keyence, Rockwell Automation, Balluff, Banner, Tri-Tronics, Baumer, and Hans Turck. Asia Pacific was the largest region in the photoelectric sensor market in 2021. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the photoelectric sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the photoelectric sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global photoelectric sensor market is segmented - 1) By Type: Proximity Photoelectric Sensor, Fiber Optic Photoelectric Sensor 2) By Technology: Retro-Reflective, Through-Beam, Diffused, Others 3) By Range: =100 mm, 100 to 1,000 mm, 1,000 to 10,000 mm, >10,000 mm 4) By Application: Consumer Electronics, Industrial Manufacturing, Automotive and Transportation, Building Automation, Food and Beverages, Pharmaceuticals and Medical, Packaging, Others

The chemical sensors market consists of sales of chemical sensors devices that determine the detectable presence, concentration, or quantity of a given analyte. A chemical sensor is a device that identifies and analyzes chemical properties in an analyte (the technical term for the chemical material under investigation) and converts the chemical data into electronic data. The main types of products in chemical sensors are electrochemical, optical, Pallister, or catalytic bead, and others. Electrochemical sensors are devices that combine a chemically selective layer to an electrochemical transducer to provide information about the composition of a solution in real-time. The different detection methods include gas sensors, pH sensors, humidity sensors, biosensors and are available in various particulate forms such as solid, liquid and gas. It is implemented in various sectors such as oil and gas, automotive, medical, environmental monitoring, industrial and others. The global chemical sensors market size is expected to grow from $26.38 billion in 2021 to $28.38 billion in 2022 at a compound annual growth rate (CAGR) of 7.6%. The growth in the chemical sensors market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The chemical sensors market is expected to reach $37.42 billion in 2026 at a CAGR of 7.2%. The increasing use of chemical sensors in the automotive industry is expected to drive the growth of the chemical sensors market in the forecast period. Automobile traffic is the primary source of exhaust gases. The chemical sensors and measurement technology can aid in improving engine performance, increasing energy efficiency, and lowering pollutant emissions. For instance, in January 2021, Gentex Corporation, a US-based high technology electronics company, introduced nanofiber sensing technology for detecting a wide range of chemicals, ranging from explosives to volatile organic compounds, with applications in a variety of industries including automotive, aerospace, and others. The company is presently working on a variant of this technology with an autonomous vehicle manufacturer to deliver the first smoke detector developed to identify smoke and vape within the vehicle environment. Therefore, the rising use of chemical sensors in the automotive industry propels the growth of the chemical sensors market. Artificial Intelligence (AI) is an emerging trend in the chemical sensors market. Artificial intelligence is increasingly being used in chemical sensors to assist in the identification and quantification of the ubiquitous mix of chemicals that comprise the environment. The ability of novel AI algorithms to seamlessly integrate with chemical sensors for material innovations and robust additive manufacturing technologies is impressive. For instance, in July 2019, IBM Corp, a US-based technology company developed an AI-assisted Hypertaste system, which is a reprogrammable chemical sensor. This system classifies liquids using artificial intelligence and can perform chemical analyses on liquids. In February 2020, Halma plc, a UK-based company offering various sensors including chemical sensors acquired Maxtec LLC, for an undisclosed amount. Through this deal, Halma aimed at expanding its gas sensor portfolio with oxygen analysis sensors and delivery products. Maxtec LLC is a US-based company that manufactures the highest-of-quality gas sensors, analyzers, and gas delivery products. Major players in the chemical sensors market are Honeywell International Inc., Siemens AG, Halma PLC, Denso Corporation, Emerson Electric, General Electric, Intelligent Optical Systems, SICK AG, Alpha MOS, and The Bosch Group. The regions covered in the chemical sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the chemical sensors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global chemical sensors market is segmented - 1) By Product Type: Optical, Pallister or Catalytic Bead, Others 2) By Particulate Type: Liquid, Gas 3) By Detection Method: pH Sensors, Humidity Sensors, Bio Sensors 4) By End-User: Automotive, Medical, Environmental Monitoring, Industrial, Others