Published Date : Mar 06, 2017
Albany, New York, March 06, 2017: MarketResearchReports.biz has announced the addition of a new research report to its ever-increasing repository. The publication discusses the various dynamics responsible for the progressive trajectory of the global non-optical sensors market. The research report, titled “Global Non-Optical Sensors Market 2017-2021,” describes the strengths, weaknesses, opportunities, and threats impacting the overall market. Furthermore, it provides a detailed description of segments in the global and their growth prospects for the near future. Along with the present-day scenario, the research report on global non-optical sensors market also provides a detailed reports of the historical milestones.
According to the research report, the global non-optical sensors market is expected to rise at a CAGR of 8.76% between 2017 and 2021. The steady growth of the market is attributable to the increasing efficiency in the automotive segment, growing demand for MEMS in consumer electronics devices, and rising adoption of tablets and smartphones across the globe. Analysts predict that the global market is also being driven by the emphasis on temperature sensors in the food and beverage industry and oil and gas industry continues to intensify. Furthermore, demand for sensors in smart factory setups and increasing application of MEMS pressure sensors in biomedicals are also estimated to benefit the overall market in the near future.
Emerging trends such as increasing awareness about IoT advantages, growing popularity of emergence of wearable technology, improved size, and cost-effectiveness of magnetic fields sensors are also benefitting the overall market. Additionally, increasing demand for flexible technology and soaring demand for DTS are also expected to propel the global non-optical sensors market in the foreseeable future.
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Despite the steady market drivers and lucrative opportunities, the global market faces a few tough challenges. For instance, issues pertaining to calibration and accuracy during sensor fusion and packaging issues are expected to be prime impediments in the overall market. The growth of the market is also likely to be challenged due to the dependency of these sensors on the sale of end products. The various types of sensors available in the global non-optical sensors market are magnetic sensors, inertial sensors, temperature sensors, and pressure sensors among others.
Some of the prominent players operating the global non optical sensors market are Allegro MicroSystems, Infineon Technologies, Micronas Semiconductor Holding, Robert Bosch, DENSO, Sensata Technologies, Freescale Semiconductor, Honeywell International, Microchip Technology, NXP Semiconductors, Panasonic, and STMicroelectronics. The research report offers a thorough reports of these companies and discusses their strategies for expansion and marketing for the coming few years. The publication also assesses the research and development activities of these players, their business and marketing strategies, and financial outlook for the near future. The analysts have also presented a thorough understanding of the competitive landscape in the global market.
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