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Sensor market projected to grow by USD 422.7 billion from 2024-2028, driven by rising demand for IoT devices and AI-driven market transformation – Technavio

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NEW YORK, Sept. 6, 2024 /PRNewswire/ — Report with the AI impact on market trends- The global sensor market size is estimated to grow by USD 422.7 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  21.92%  during the forecast period. Rise in demand for IoT technology-based devices is driving market growth, with a trend towards rise in adoption of wearable devic. However, increasing usage of network-embedded systems  poses a challenge. Key market players include ABB Ltd., Amphenol Corp., ams OSRAM AG, Dwyer Instruments Inc., Honeywell International Inc., Infineon Technologies AG, Johnson Controls International Plc, Microchip Technology Inc., NXP Semiconductors N.V., OMRON Corp., Panasonic Holdings Corp., Qualcomm Inc., Robert Bosch GmbH, Rockwell Automation Inc., Siemens AG, Sony Group Corp., Spectris Plc, STMicroelectronics International N.V., TE Connectivity Ltd., and Texas Instruments Inc..

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Sensor Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 21.92%

Market growth 2024-2028

USD 422.7 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

17.71

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 39%

Key countries

US, China, Japan, Germany, and France

Key companies profiled

ABB Ltd., Amphenol Corp., ams OSRAM AG, Dwyer Instruments Inc., Honeywell International Inc., Infineon Technologies AG, Johnson Controls International Plc, Microchip Technology Inc., NXP Semiconductors N.V., OMRON Corp., Panasonic Holdings Corp., Qualcomm Inc., Robert Bosch GmbH, Rockwell Automation Inc., Siemens AG, Sony Group Corp., Spectris Plc, STMicroelectronics International N.V., TE Connectivity Ltd., and Texas Instruments Inc.

Market Driver

Wearable gadgets, including smartwatches, smart bands, and headsets, have become increasingly popular in the consumer electronics industry. These devices, which are designed to be worn on the body, offer intelligent operation capabilities. In the healthcare sector, wearable electronics featuring sensors have gained significant traction, particularly in developing economies. Sensors, such as those found in fitness trackers, pulse oximeters, and medical-grade wearables, provide real-time health monitoring solutions with benefits like high accuracy, compact size, and resistance to electromagnetic radiation. The global sensor market is poised for growth due to the rising adoption of these devices. 

The sensor market is thriving with innovative technologies like Humidity sensor tech, led by Molybdenum sulfide (MoS2), reducing detection time. Sensor components such as microcontrollers, transceivers, amplifiers, ADC & DAC, and NEMS are key players. Industries like Industrial IT & telecom, Aerospace & defense, and Consumer electronics are major consumers. Trends include Luna Ring tech for noise reduction, Glucowear for healthcare, Sensirion for surveillance cameras, and RFID sensors for retail. NEMS sensors in IT/telecom, industrial sector, and aerospace & defense sector are game-changers. Smart devices, healthcare, security, automotive, and industrial sensors market are growing. Smartphone OEMs and biomedical applications use MEMS technology-based sensors. Weather forecast systems and IoT platforms also leverage sensor tech. 

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 Market Challenges

•         Embedded networking, a result of digital telecommunications advancements, connects embedded systems through network architecture, topology, hardware devices, and communication protocols. Embedded systems offer wired and wireless communication options for integrating networking features into devices. These systems are utilized in various smart gadgets and electronic goods, forming part of wireless sensing networks. However, adding sensors to devices increases cost and shortens their lifespan, which may limit the growth of the global sensor market during the forecast period.

•         The sensor market is experiencing significant growth due to the increasing demand for remote connectivity in various industries. Key sectors include automotive and industrial, where applications range from airbags and side airbags in motor vehicles to automated intelligent controls in manufacturing. The rise of electric vehicles and IoT-connected devices is driving the need for wireless networks, analytics solutions, and communication networks for remote monitoring. In the automotive sector, sensors like image sensors, radar sensors, and biosensors are crucial for security & surveillance and autonomous driving. The industrial sector relies on pressure sensors, temperature sensors, and humidity sensors for process control and optimization. Wearable electronics, medical equipment, and transportation & logistics sectors also contribute to the sensor market revenue. Challenges include ensuring reliable remote connectivity, designing chips and microelectronic packaging, and developing photonics for advanced sensor applications. Market segmentation includes optical sensors, motion sensors, and proximity sensors, among others, with revenue opportunities in gas or liquid sensors, touch sensors, and level sensors. Overall, the sensor market is diverse and dynamic, offering significant growth potential for businesses.

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Segment Overview 

This sensor market report extensively covers market segmentation by  

Technology 1.1 CMOS1.2 MEMS1.3 NEMS1.4 OthersEnd-user 2.1 Electronics2.2 IT and telecom2.3 Automotive2.4 Industrial2.5 OthersGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 CMOS-  The sensor market is experiencing significant growth due to increasing demand from various industries. Automotive, healthcare, and industrial sectors are major contributors. Advanced technologies like IoT and AI are driving innovation, leading to the development of smart sensors. Companies are investing in research and development to create more accurate and efficient sensors. This growth is expected to continue as sensors become essential components in modern technology.

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Research Analysis

The sensor market encompasses various industries, including consumer electronics, healthcare, and industrial applications. In consumer electronics, sensors enable features like touchscreens, motion detection, and biometric authentication in smartphones and smart devices. In healthcare, sensors are integral to medical equipment, such as heart rate monitors and glucose sensors. The healthcare sector also benefits from remote monitoring and IoT-connected devices for patient care. In the security and surveillance industry, sensors power surveillance cameras and access control systems. The automotive and transportation sector uses sensors for safety features, such as collision avoidance and lane departure warning systems. Industrial sensors are crucial for process control, quality assurance, and predictive maintenance in manufacturing and energy production. Smartphone OEMs integrate various sensors, including cameras, gyroscopes, and accelerometers, to enhance user experience. Cameras, including CMOS and NEMS sensors, are also used in security systems and industrial applications. Gas sensors detect hazardous gases in industrial settings and green energy technologies. Communication networks rely on RFID sensors for contactless data transfer and indoor navigation applications. High-accuracy motion sensors are used in video games and robotics.

Market Research Overview

The sensor market encompasses various industries, including consumer electronics, healthcare, smart devices, security and surveillance, automotive & transportation, industrial sensors, and more. Sensors play a crucial role in consumer products such as smartphones, wearable electronics, and cameras. In healthcare, sensors are used for biomedical applications, remote monitoring, and IoT-connected devices. MEMS technology-based sensors are popular in healthcare for applications like smart pills and biosensors. The automotive sector utilizes sensors for airbags, side airbags, and automated intelligent controls in electric vehicles. Industrial sectors rely on sensors for physical parameter detection in gas or liquid, temperature, pressure, humidity, and level. Radar sensors are used for security & surveillance and indoor navigation applications. The sensor market is segmented into various types, including optical, motion, pressure, temperature, humidity, and proximity sensors. The revenue for the sensor market is projected to grow significantly due to the increasing demand for IoT, wireless networks, and analytics solutions. Sensor components such as microcontrollers, transceivers, amplifiers, ADC & DAC, NEMS, and microelectronic packaging are essential for sensor functionality. The aerospace & defense industry uses sensors for Luna Ring technology and noise detection. In conclusion, sensors are integral to numerous industries, from consumer electronics to healthcare, automotive, industrial, and aerospace & defense.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TechnologyCMOSMEMSNEMSOthersEnd-userElectronicsIT And TelecomAutomotiveIndustrialOthersGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Percent’s Private Credit Infrastructure Enables Trillium Technologies to Launch Compute Credit Investment Marketplace

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Percent’s institutional-grade infrastructure powers deal structuring, investor onboarding, compliance framework and marketplace mechanics to bring private credit products to market

NEW YORK, July 23, 2026 /PRNewswire/ — Percent, the platform powering modern private credit markets through access, liquidity and data, today announced that Trillium Technologies, a diversified investment company, has built its own branded investment marketplace on Percent’s institutional-grade infrastructure. The marketplace introduces Trillium Technologies’ compute credit, convertible note offering, demonstrating Percent’s ability to help companies turn emerging asset classes into investable private credit offerings without building the capital markets stack from scratch.

Compute credits, a unit of prepaid or allocated computing capacity, are one of the most novel structured credit products in the market today. These credits are often used in cloud platforms, AI services, or infrastructure providers that convert monetary value into a fixed pool of usable resources with a specific redemption rate and an expiration window. Yet, they are an emerging, trillion dollar asset class based on the capacity of data centers. The launch comes as demand for AI infrastructure financing is outpacing what traditional capital markets were built to support. Cloud computing companies require new ways to finance capacity and private credit is increasingly becoming a bridge between technological innovation and financial markets. Percent gives companies like Trillium Technologies the capital markets foundation to structure, distribute, and manage these products seamlessly.

“Compute credits represent exactly the kind of emerging asset class that private credit infrastructure should be able to support,” said Prath Reddy, CFA, Co-Founder and CEO of Percent. “Trillium saw an opportunity to bring a novel, real-world asset to investors and needed the capital markets foundation to do it with speed, compliance and operational rigor. That is what Percent was designed to do. Our platform has structured and distributed over $2 billion in private credit, and that infrastructure works whether the underlying asset is a consumer loan portfolio or compute capacity backing AI workloads. We’re building the rails for private credit’s next chapter.”

Percent’s infrastructure supports private credit products across asset classes, giving companies the core systems needed to administer and scale investment products. For a first-of-its-kind asset like compute credits, that foundation helps reduce the time, cost and complexity of building a marketplace while allowing Trillium Technologies to stay focused on its market, investors and long-term growth.

“Compute credits have become one of the defining resources of the digital economy. Trillium is focused on turning that resource into a transparent, liquid, investable asset,” said J. Christopher Mizer, Co-Founder and Chief Executive Officer of Trillium Technologies. “With Percent providing the capital markets foundation behind our marketplace, we can move faster, operate with greater confidence, and leverage our team to build the compute credit economy for investors and innovators.”

As demand for compute power accelerates, driven by AI, data analytics, scientific computing, and large-scale cloud workloads, Trillium bridges technology infrastructure and capital markets by enabling compute to behave like traditional commodities or financial securities.

Trillium Technologies closed its first round on July 10, with subsequent capital raises expected to follow. As the company continues to grow its marketplace, the relationship also expands the Percent ecosystem into a category expected to generate significant deal flow as compute capacity becomes a more important financial asset.

About Percent

Percent is unlocking private credit by enabling efficient access, liquidity optionality, and data for all market participants. Through its digital primary issuance and secondary markets platform, Percent provides all deal counterparties with a unified environment to source, structure, distribute, service and trade private credit assets. Founded in 2018, Percent has facilitated billions in private credit transaction volume across primary issuance and secondary markets — bringing transparency and standardization to a historically fragmented asset class. For additional information, please visit www.percent.com.

About Trillium Technologies, Inc.

Founded in 2025, Trillium Technologies bridges the gap between technology innovation and institutional capital. The company develops and monetizes the emerging asset class of Compute Credits through strategic investment, securitization, and marketplace development for the Archeo Futurus cloud computing platform. Trillium’s mission is to power the future of intelligence by making compute a liquid, tradable, and investable asset.

Disclaimer: Unsecured Notes may involve high risk and are speculative investments. The Unsecured Notes are not secured. In the event of a default, investors may not receive any payments. There is no public market for Unsecured Notes, and none is expected to develop. There is no guarantee that an investment will be profitable or that an investor in Unsecured Notes will receive any payments of principal or interest.

Risks associated with compute credits include expiration, utilization, lock-in, pricing change, non-transferability, opportunity cost, valuation ambiguity, and counterparty risks.

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SOURCE Percent

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Emplifi Appoints Omer Sharon as Chief Product & Technology Officer to Advance its Autonomous Customer Experience Platform

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NEW YORK, July 23, 2026 /PRNewswire/ — Emplifi, a leading Autonomous CX platform, today announced the appointment of Omer Sharon as its Chief Product & Technology Officer. Sharon will lead Emplifi’s global Product and Technology organization, overseeing Product Management, Engineering, AI & Data, Architecture, DevOps, Security, and Design as the company accelerates its vision of delivering intelligent, AI-first solutions that transform how brands engage with consumers.

As Chief Product & Technology Officer, Sharon will drive Emplifi’s next chapter of innovation by advancing AI across its autonomous CX platform, engineering organization, and technology strategy. His leadership will help accelerate the development of intelligent, agentic capabilities that empower brands to deliver more personalized customer experiences, improve operational efficiency, and unlock new levels of productivity across marketing, commerce, and customer care.

“Omer joins Emplifi at a pivotal moment, not only for our company, but for the customer engagement industry,” said Ohad Hecht, CEO of Emplifi. “The next generation of customer engagement won’t be powered by disconnected AI tools; it will be driven by intelligent orchestration across the entire customer journey. That’s the vision behind Emplifi Fuel and our Autonomous Customer Experience platform. Omer’s experience building AI-first products and leading global technology organizations will help us accelerate that vision, empowering brands to operate faster, engage customers more intelligently, and achieve better business outcomes.”

Sharon brings more than two decades of experience building and scaling enterprise software products and leading high-performing global product organizations. He spent more than a decade at Emarsys, where he helped shape the company’s product strategy and scale its customer engagement platform through its growth and eventual acquisition by SAP. Most recently, he advised technology companies on AI-first product transformation, helping organizations modernize their operating models, accelerate innovation, and embed AI into their products and product development processes.

“I’m excited to join Emplifi at such a pivotal moment in the evolution of customer experience,” said Omer Sharon, Chief Product & Technology Officer at Emplifi. “AI is allowing us to rethink not only how software is built, but how brands create value for their customers. My focus will be on building products that customers love to use, accelerating innovation through AI, and creating even stronger connections between our product teams and the customers we serve. By combining deep customer insight with intelligent automation, we have an incredible opportunity to help brands deliver more connected, personalized, and impactful experiences at scale.”

Sharon’s appointment underscores Emplifi’s continued investment in advancing Autonomous Customer Experience (A-CX). As the company continues to evolve the Emplifi Fuel platform, Sharon will lead the next phase of product and technology innovation, accelerating the development of AI-powered capabilities that help brands create more intelligent, personalized, and autonomous experiences across marketing, commerce, and customer care.

About Emplifi

Emplifi is the only Autonomous CX platform unifying social marketing, commerce, and customer care for more than 20,000 brands worldwide. Powered by Fuel AI, built on more than 5T of data, and recognized as a leader by leading industry analysts, Emplifi helps enterprise teams orchestrate connected customer journeys and deliver personalized experiences at scale, turning every customer touchpoint into a competitive advantage.

Contact:
Jordan Lukes, Corporate Communications Director, Emplifi
jordan.lukes@emplifi.io

 

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SOURCE Emplifi Inc

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PAXAFE Appoints Mark Talens as Chief Commercial Officer to Accelerate Next Stage of Growth

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Experienced pharmaceutical supply chain and AI strategy executive joins PAXAFE to scale revenue as demand grows for AI-powered decision support in cold chain logistics.

INDIANAPOLIS, July 23, 2026 /PRNewswire/ — PAXAFE, the company delivering AI-powered decision intelligence for cold chain logistics, today announced the appointment of Mark Talens as Chief Commercial Officer (CCO). In this role, Mark will lead PAXAFE’s global sales, delivery, customer support, and partnerships as the company scales to meet rising demand for AI-powered logistics orchestration and quality compliance software—strengthening customer outcomes and trust across pharmaceutical, life sciences, and end-to-end cold chain networks.

“Mark brings a rare combination of deep pharmaceutical supply chain expertise and proven success scaling AI-powered technology platforms,” said Ilya Preston, co-founder and CEO of PAXAFE. “As more life sciences and cold chain organizations look to move from passive visibility to proactive, AI-driven decision-making, Mark’s experience on both the customer and technology sides of that transformation will be instrumental.”

Mark brings more than 25 years of pharmaceutical and supply chain experience to PAXAFE. He joins from ParkourSC, where he served as Executive Vice President, Chief Strategy & Solutions Officer, driving strategic product innovation and applying AI to reshape supply chain decision-making for customers across pharma, life sciences, and consumer goods. His work earned him recognition as a 2025 Supply Chain “Pros to Know” honoree from Supply & Demand Chain Executive.

Prior to his transition into technology, Mark spent 25 years in the pharmaceutical industry, most recently as Associate Vice President of Global Supply Chain Operations at Organon, where he was a founding member responsible for leading the company’s supply chain spin-off from Merck. Between Merck and Organon, he held a wide variety of roles at market, regional and global level as well as leading the Global SC operations and SCM COE. Mark holds a Master of Science degree in Industrial Engineering & Business Administration from Eindhoven University of Technology.

“Complexity across life sciences and adjacent supply chains keeps rising, along with the regulatory burden that comes with it. Most organizations already have the data — what they lack is the context to turn it into a decision. That blind spot drives bias into service levels, patient outcomes, and cost of quality. PAXAFE closes that gap, giving teams a faster path to a complete, contextual, and unbiased end-to-end correlated view of the network” said Mark Talens, CCO, PAXAFE. “PAXAFE’s approach to AI-powered decision support addresses exactly the kind of exception fatigue and inefficiency I’ve spent my career trying to solve — first as a supply chain practitioner, and more recently as a technology executive. I’m excited to join the team and help the industry and customers realize the full value of their visibility investment and drive trust and speed to decision”

About PAXAFE

PAXAFE is a GxP cold chain decision intelligence & quality compliance platform that eliminates silos, digitizes and automates compliance workflows, and empowers teams with contextual intelligence to protect product, reduce cost, and drive toward zero waste.

To learn more about PAXAFE, please visit www.paxafe.com.

Media Contact
Ivan Castro – Ivan@paxafe.com

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SOURCE PAXAFE, Inc.

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