TechNavio Analyzes Global Sensor Market for 2010-2014

By DE Editors

TechNavio's analysts forecast the Global Sensor market to grow at a combined annual growth rate (CAGR) of 7.6% over the period 2010-2014. One of the key factors contributing to this market growth is the increased use of sensors in industrial automation. The Global Sensor market has also been witnessing the increased development of smart sensors. However, the emerging threat from counterfeit sensors could pose a challenge to market growth.

Key vendors dominating this market include UTC-UTC Fire & Security, Honeywell International Inc., Siemens AG, and Denso Corp.

TechNavio's report, "Global Sensor Market 2010-2014," has been prepared based on analysis of the market with inputs from industry experts. The report focuses on the Global Sensor market that covers overall sensors, such as image sensors, flow sensors, level sensors, pressure sensors, temperature sensors, bio sensors, chemical sensors, position sensors, load and torque sensors, and other miscellaneous sensors. This report also provides vendor landscape and a detailed analysis of the top four vendors. The report considers revenue obtained from both sales as well as services.

For more information, visit TechNavio.

Sources: Press materials received from the company and additional information gleaned from the company's website.