View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
June 13, 2012

Worldwide sensor market to reach $10.9bn by 2016

Within the sensor market segment, accelerometers and gyroscope devices will be fastest growing product category.

By CBR Staff Writer

Worldwide sensor sales are expected to rise at a compound annual growth rate (CAGR) of 18% between 2011 and 2016, reaching $10.9bn, according to a new report.

According to a the report, ‘2012 Optoelectronics, Sensors/Actuators, and Discretes (O-S-D) Report’ by IC Insights’ the sensor sales increased 18% in 2012 to $5.7bn, compared to $4.8bn recorded in 2011.

Since the late 1990s, the annual sensor sales have declined only once, slipping just 2% in the 2009 downturn before surging 53% in the 2010 recovery year, the report revealed.

In terms of segments within the sensor market, accelerometers and gyroscope devices (i.e., acceleration and yaw sensors) are expected to increase at a CAGR of 20% to $5.9bn in 2016 compared to $2.4bn in 2011, becoming the fastest growing product category.

Magnetic-field sensors sales, such as Hall-effect devices and electronic compass chips is expected to grow at a CAGR of 16% to reach $2.7bn in 2016 from $1.3bn in 2011.

Sale of Pressure sensors is expected to rise at a CAGR of 15% to reach $2bn in 2016 from about $1bn in 2011.

Microelectromechanical systems (MEMS) based sensors sales are expected to grow by a CAGR of 19% between 2011 and 2016.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.