Sensor applications of all conceivable types will drive the expansion of the IoT. The application fields range from production machines to healthcare and from cars to smart homes. The Trillion Sensor Summit offered a snapshot of an exploding universe. Between 2007 and 2014, this market has grown from $2 billion to $13 billion annually. At the same time, the complexity of these sensors exploded from 1000 to 1 million transistors per sensor. And this expansion wont stop by no means in the overseeable future.
Posts from the ‘Sensors’ Category
Worldwide sales of sensors and actuators are forecast to grow 14% to a new all-time high of $9.9 billion in 2014, followed by a 16% increase in 2015 to $11.4 billion. Between 2013 and 2018, the sensors/actuators market is projected to rise by a compound annual growth rate (CAGR) of 11.7% to reach $15.1 billion.
Among the market growth drivers identified in the report are new multi-sensor smartphone platforms, wearable systems (such as smart watches, wireless medical devices, and personal activity trackers), “Internet of Things” applications, radio-frequency filtering actuators, pocket-sized projectors built with micro-mirror devices, laboratory-on-chip testing tools for drug, disease, and DNA analysis, microphone chips, fingerprint-identification sensors, and more automotive sensors for higher levels of safety and automation of driving.
SmartAccel-HF is a fiber-optic acceleration sensor suitable for high frequency measurement of small vibrations, making it ideal for condition monitoring of rotating machines such as pumps, turbines, motors and wheeled vehicles. It can be used as part of an integrated fiber-optic system to monitor subsea pumps for the oil and gas industry.
A strain sensing solution based on polymer optical fibers (POF) provides designers with a low-cost sensing solution that is lightweight, immune to electromagnetic interference (EMI) and electromagnetic susceptibility (EMS), and does not require electrical current at the sensing point.
The use of sensors across a new range of consumer products and businesses is exploding, as one can observe from the almost daily new devices launched by Internet of Things startups. This trend is helping both consumers and businesses to become truly digital, fostering the elimination of inefficiencies and a new "industrial" revolution.
iBeacon, a micro-location technology based on BLE (Bluetooth Low Energy), can revolutionize the way one physically interacts with brands and products.
Scenarios include available parking spots messaging your phone as one drives by, or setting up beacons at home, so a smartphone could automatically turn on the lights at arrival, or trigger other appliances based on a personalized set up. It could even notify someone else.
The non-military, open market for sensors grew from EUR 81.6 billion in 2006 to EUR 119.4 billion in 2011 and can be expected to grow to EUR 184.1 billion until 2016, according to the World Report published by INTECHNO CONSULTING, Basel (Switzerland). This corresponds to an average annual growth rate of 7.9% between 2006 and 2011, and 9.0% between 2011 and 2016. The average annual growth rate for the entire period covered is 8.5%.
Worldwide growth of sensors markets accelerated by further advance of automation in production processes. Rapid growth of comfort and safety
electronics plus a trend towards driver assistance systems as well as hybrid electric vehicles and electric cars stimulate growth of sensors in the vehicle industry. Increasing demand for gas and biosensors in medicine.
This study analyzes the $11.1 billion US sensors industry. It presents historical demand data for the years 2001, 2006 and 2011, and forecasts for 2016 and 2021 by sensor type (e.g., process variable, physical property, proximity and positioning, chemical property, electrical property, imaging) and market (e.g., industrial, motor vehicles, military/aerospace, electronic, medical, consumer electrical and electronic, information technology).