Dublin, Nov. 16, 2021 (GLOBE NEWSWIRE) -- The "Sensors: Technologies and Global Markets 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global market for sensors is estimated to grow from $205.2 billion in 2021 to reach $411.2 billion by 2026 at a compound annual growth rate (CAGR) of 14.9% during the forecast period of 2021-2026.

Report Scope

Market demand for sensors will be fueled by increases in motor vehicle and machinery production, growth in the shipment of process equipment, government regulations (e.g., requiring all new light vehicles to be equipped with electronic stability control and tire pressure monitoring systems) and growth in process manufacturers' shipments.

Development of new applications for technologies such as microelectromechanical systems (MEMS), optoelectronics and photo-electronics will help to expand the sensor market. The maturity of many sensor markets and improved fabrication techniques have led to increased sensing abilities at lower costs, and this will also help to increase the market growth.

Implantable sensors, self-powered sensors (e.g., sensors that convert body movement to mechanical energy and muscle stretching into electricity), biosensors, MEMS and nanosensors are expected to revolutionize the healthcare industry in the next decade.

There has been considerable demand for many different types of sensors for medical applications, as there are numerous applications for sensors in the medical field for detecting and measuring physical, mechanical, chemical and electromagnetic parameters. Different parameters must be monitored, so several sensor types are used in medical applications.

From the simplest (monitoring body temperature) to the most complex (MEG/MCG systems) applications, pressure, temperature, flow, encoder, SQUID, accelerometer, image and biosensors sensors are used. Biosensors generated the bulk of the total revenues.

Moreover, sensors will be used in most cars as they decrease in price and increase in integration. Users will start accepting them as standard car parts, and automotive companies can integrate more intelligence into them until they achieve the goal of an autonomous car.

A modern automobile can perform many driver-assistance tasks, such as avoiding and preventing accidents and reducing the severity of accidents. The vehicles have passive safety systems, such as airbags and seat belts; active safety systems, such as electronic stability control, adaptive suspension, and yaw and roll control; and driver-assistance systems, including adaptive cruise control, blind-spot detection, lane-departure warning, drowsy-driver alert and parking assistance.

The report also focuses on the major driving trends and challenges that affect the market and the vendor landscape. This report explains the competitive landscape and current trends in the sensors market, concluding with an analysis of the vendor landscape and including detailed profiles of major players in the global sensor market.

The Report Includes

Major Trends in Market

Profile descriptions of the leading industry players, including

For more information about this report visit https://www.researchandmarkets.com/r/gnu058