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(Wireless-NewsWire.Com, March 09, 2018 ) The global market for sensors reached $110.4 billion and $123.5 billion in 2015 and 2016, respectively. This market is expected to increase from nearly $138.8 billion in 2017 to nearly $240.3 billion in 2022 at a compound annual growth rate (CAGR) of 11.8% for 2017-2022.
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Report Scope:
The report has been prepared in a clear, easily understandable format with tables and figures. The scope of the report includes a detailed study of global and regional markets for various types of sensors and their applications, including an explanation of variations in industry growth by region.
This report covers only conventional sensors such as pressure, temperature, level, flow and position sensors and excludes unconventional sensors such as pointing sensors used in touch screens and touch-pads, barcode readers and radio frequency identification (RFID) readers, remote readout and intelligent power meters, gas and water meters, and remote readout heat meters).
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Report Includes:
- An overview of the global markets for sensors in various applications, including biosensors, chemical sensors, image sensors, flow sensors, and level sensors.
- Analyses of global market trends, with data from 2015 and 2016, estimates for 2017, and projections of compound annual growth rates (CAGRs) through 2022.
- A look at sensor growth in terms of accuracy, reliability, response time, robustness, miniaturization, communications capability, efficiencies, and more.
- Evaluations of the technology and innovation behind sensor development and production.
- Breakdowns of major market trends both in terms of region and application sector.
- New developments taking place in the sensor industry with respect to continuous improvements in environmental performance.
- Profiles of major players in the industry.
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