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Global Sensor Market Set to Hit $300.5 Billion by 2029–The Tiny Tech Powering a Smarter World

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“BCC Research Report Unveils the Growing Impact of Sensors Across Water Management, Fiber Optics, Industrial Automation, and Healthcare, Driving Market Expansion.”

BOSTON, March 10, 2025 /PRNewswire/ — Sensors are the unsung heroes of modern technology, quietly revolutionizing industries from water management to healthcare, industrial automation, and beyond. The numbers speak for themselves: The global sensor market is set to surge from $179.7 billion in 2023 to $300.5 billion by 2029, growing at a CAGR of 8.9%.

From detecting leaks in water systems to enabling smart homes and self-driving cars, these tiny yet powerful devices are shaping the future in ways we’re only beginning to grasp.

Sensors: The Silent Force Behind Innovation

Sensors are devices that detect and respond to environmental changes, converting physical parameters such as temperature, pressure, and motion into electrical signals. They are crucial in many fields, including healthcare, automotive, smart homes, environmental monitoring, and industrial automation. As technology advances, sensors are becoming more sophisticated, driving innovations on the Internet of Things (IoT) and enabling smarter, more efficient systems. Sensors are the silent force behind many of today’s technological advances.

Recent Reports Analyze the Growth of the Sensor Market

Water Meters, Water Quality Sensors, and Leak Detection

Market Growth: The global market is estimated to increase from $15.0 billion in 2023 to $19.3 billion by 2029 at a compound annual growth rate (CAGR) of 4.5% from 2024 through 2029.

Why It Matters: With water conservation becoming a global priority, smart meters and leak detection sensors prevent waste and optimize infrastructure.

Key Insight: The integration of IoT and AI technologies for smarter water management can serve to administer quality increase utilization, and prevent potential leaks. This advance and upgrade in devices and tools enable it with greater efficiency and accuracy.

Startups to Watch: KarioT, Evoly

Fiber Optic Sensors

Market Growth: The global market was valued at $3.2 billion in 2023 and is expected to grow from $3.5 billion in 2024 to $5.5 billion by 2029, at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2029.

Why It Matters: These ultra-precise sensors drive telecommunications, medical imaging, and structural safety monitoring.

Key insight: Advances in sensor designs are also increasing the capabilities of fiber optic sensors by utilizing infrared and ultraviolet wavelengths. This allows them to detect phenomena that are typically invisible to the naked eye. As a result, fiber optic sensors could find applications in areas such as night vision security systems and monitoring chemical reactions. These developments are pushing the boundaries of light itself and opening new possibilities for enhanced sensing capabilities.

Startups to Watch: Kraken Robotics, Composites & Sensing (Com & Sens), Irnova

Global Sensor Technologies Market

Market Growth: The global market for sensors is expected to increase from $179.7 billion in 2023 to $300.5 billion by 2029 at a compound annual growth rate (CAGR) of 8.9% from 2024 through 2029.

Why It Matters: Sensors are at the heart of autonomous vehicles, AI-driven healthcare, industrial robotics, and next-generation consumer electronics.

Key Insight: Flexible sensors are gaining traction due to their stretchability, low cost, and adaptability. Think prosthetics, aerospace applications, and human-machine interfaces.

Regional Hub: Asia-Pacific is set to dominate the sensor market, with India leading at a stunning 15.1% CAGR.

Startups to Watch: Core Sensing, Smart Tag, Contactile

Temperature Sensors

Market Growth: The global market for temperature sensors is expected to grow from $7.3 billion in 2023 to $9.0 billion by the end of 2028, at a compound annual growth rate (CAGR) of 4.3% from 2023 through 2028.

Why It Matters: Essential in HVAC, automotive, and manufacturing, temperature sensors ensure efficiency, stability, and safety.

Key Insight: Demand for flexible temperature sensors is increasing due to their advantages, such as stretchability, low cost, compatibility and flexibility. The potential applications for these sensors are prosthetics, aerospace, healthcare, robotics, electronic skin and human–machine interfaces.

Startups to Watch: Haptica S.r.l., Swift Sensors, ExMat Research, Inc.

Pressure Sensors

Market Growth: The global market for pressure sensors is expected to grow from $15.8 billion in 2023 to $25.0 billion by the end of 2028, with a compound annual growth rate (CAGR) of 9.6% during the forecast period of 2023-2028.

Why It Matters: Used in automotive, medical devices, and industrial machinery, these sensors are critical for safety, precision, and real-time monitoring.

Key Insight: New technologies such as micro-technology and nanotechnology have increased the demand for reliable, high-performance, and low-cost sensors. These new technologies have made miniaturization, low power consumption, and mass production possible.

Power Players: Together, the U.S., China, the U.K., and Germany account for over 50% of the global market for pressure sensors.

Startups to Watch: Superior Sensors Technology, Hero Labs, Origin Wireless AI

The Future of Sensors: Smart, Tiny, and Everywhere

The demand for sensors will only intensify as the world accelerates toward automation, AI, and IoT-powered ecosystems. Whether it’s self-monitoring medical devices, intelligent infrastructure, or smart cities, sensors aren’t just components anymore—they’re the foundation of a more connected, efficient, and sustainable future.

With $300 billion on the horizon, one thing is clear: The sensor revolution is just starting.

For further information on any of these reports or to make a purchase, please contact info@bccresearch.com.    

About BCC Research

BCC Research market research reports provide objective, unbiased measurement and assessment of market opportunities. Our experienced industry analysts’ goal is to help you make informed business decisions free of noise and hype.

Contact Us
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Email: info@bccresearch.com
Phone: +1 781-489-7301

For media inquiries, email press@bccresearch.com or visit our media page for access to our market research library.

Any data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher.

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Bossjob Partners with Top Universities to Help Graduates Kickstart Their Careers

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MANILA, Philippines, March 27, 2025 /PRNewswire/ — The number of college graduates in the Philippines is projected to reach 600,000 to 700,000 by 2025, intensifying competition in an already challenging job market. Recognizing the urgent need to bridge the gap between education and employment, Bossjob is taking proactive steps to empower fresh graduates. Through strategic partnerships with top universities across the country, Bossjob hosts career talks, job fairs, and other initiatives designed to connect graduates with the right opportunities. By providing a precise and accessible job search platform, Bossjob is committed to equipping young professionals with the tools they need to launch successful careers.

Build a bridge between universities and enterprises to help talents and enterprises accurately connect

As one of the leading platforms that actively focus on the Philippines’ career development, Bossjob has been actively collaborating with top universities and government agencies to bridge the gap between education and employment. Since the beginning of the year, Bossjob has successfully organized over ten career development events, including career dialogues, job fairs, and career lectures, offering graduates comprehensive career support. By leveraging university resources, these initiatives not only provide a precise job-matching platform but also equip students with essential coaching in job search strategies, career planning, and interview skills, ensuring a seamless transition into the workforce.

At career fairs hosted by institutions like Mapúa University and the University of the Philippines, Bossjob established dedicated booths that attracted a significant number of graduates and alumni seeking career guidance. Through the platform, students and young professionals can create personalized career profiles and receive tailored job recommendations based on their skills, interests, and career aspirations—helping them take confident steps toward their professional goals.

Bossjob continues to expand its impact by actively participating in job fairs organized by the Public Employment Service Office (PESO) across various municipalities, including Muntinlupa, Parañaque, Antipolo, and Pasay. These events have created valuable employment opportunities for local job seekers. As an exhibitor, Bossjob not only assists candidates in building personalized career profiles but also connects them with job opportunities that align with their skills and aspirations.

Further strengthening its commitment to career empowerment, Bossjob has launched the “Like a Boss” webinar series, featuring industry experts who provide practical job search strategies and career development insights. These free sessions equip college graduates and young professionals with essential skills, helping them stand out in a competitive job market and advance their professional journeys with confidence.

Focusing on women’s employment and promoting workplace equality and diversity

Bossjob’s initiatives go beyond providing career resources for graduates—they also champion workplace diversity and gender equality. Recognizing the challenges women face in employment, Bossjob is committed to fostering an inclusive job market that drives sustainable development in the Philippines.

According to Labor Force Statistical Data from the Philippine Statistics Authority (PSA), while more Filipino women are earning university degrees, their employment rates remain lower than those of men, who continue to dominate the workforce.

In response, Bossjob marked Women’s Month in March by partnering with PESO in Pasay and Malabon to host job fairs focused on female employment. The Pasay event alone attracted over 600 job seekers, with women making up more than 60% of the attendees. Beyond offering diverse job opportunities, these events provided one-on-one career guidance, empowering women to break into traditionally male-dominated industries and advance workplace gender equality.

Bossjob CEO Anthony said, “Career development is not just about finding a job, but also an important way to achieve personal value and social progress. In the future, Bossjob will continue to provide comprehensive career support for job seekers, not only deepening cooperation with universities to provide career development support for more graduates, but also creating more equal opportunities for female job seekers and promoting sustainable development of Philippine society.”

Photo Links: https://drive.google.com/drive/folders/1moVBhVPcJEroBGChZTDbAU7MtO7g2t3D?usp=drive_link 

 

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Genomize and Genomenon Partner to Empower Researchers and Clinicians with Comprehensive Genomic Insights

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Integration of Mastermind and Cancer Knowledgebase (CKB) Data To Drive Unprecedented Efficiency in Genomic Data Analysis

ISTANBUL and ANN ARBOR, Mich., March 27, 2025 /PRNewswire-PRWeb/ — Genomize, a leader in high-end digital solutions for bioinformatics analysis of next-generation sequencing (NGS) data, and Genomenon, a leading genomic intelligence company, today announced their partnership to integrate data from Mastermind Genomic Intelligence Platform and Cancer Knowledge Base (CKB) into the Genomize’s SEQ Platform. This collaboration will enable Genomize to incorporate both germline and somatic curated data from Genomenon, setting a new benchmark for comprehensive genomic interpretation.

“By partnering with Genomize, we’re expanding access to our curated genomic data, reaching a wider audience, including organizations in the Europe, Middle East, and Asia through Genomize’s operations,” said Mike Klein, CEO of Genomenon.

The integration of Mastermind and CKB into Genomize’s workflow enhances the SEQ Platform’s ability to deliver rapid, precise, and actionable insights for researchers and clinicians. Mastermind offers an unparalleled genomic literature database, while CKB provides expertly curated somatic variant evidence. Together, they will empower Genomize users with a holistic view of genomic data, bridging the gap between research and clinical applications.

“We are thrilled to partner with Genomenon to integrate both Mastermind and CKB into our platform,” said Erşen Kavak, CEO of Genomize. “This collaboration reinforces our commitment to providing the most comprehensive and accurate genomic insights, ultimately improving patient outcomes and advancing precision medicine.”

“By partnering with Genomize, we’re expanding access to our curated genomic data, reaching a wider audience, including organizations in the Europe, Middle East, and Asia through Genomize’s operations,” said Mike Klein, CEO of Genomenon. “The integration will ensure that their users have access to the most complete and up-to-date genomic insights available, facilitating more informed decision-making in both research and clinical settings.”

This strategic partnership aligns with both companies’ missions to streamline genomic analysis by delivering cutting-edge solutions that accelerate discoveries and clinical decision-making. By leveraging Genomenon’s powerful datasets, Genomize users will gain access to deeper variant interpretation capabilities, driving innovation in personalized medicine.

About Genomize

Genomize creates innovative, high-end digital solutions for bioinformatics analysis of NGS data. With a commitment to accuracy, efficiency, and accessibility, Genomize empowers researchers and clinicians with state-of-the-art tools to decode the complexities of genetic information.

Genomize’s SEQ Platform is a cloud-based, CE-IVD-certified, GDPR-compliant variant annotation tool designed to deliver fast and reliable diagnoses. With its AI-assisted Variant Prioritization and intuitive, easy-to-use user interface, the SEQ Platform allows users to perform long-read, whole genome, and whole exome sequencing analyses starting from FASTQ, VCF, or gVCF formats.

About Genomenon

Genomenon is a leading genomic intelligence company transforming patient care by uncovering the genomic drivers of genetic disease and cancer. By combining the power of AI built on the world’s premier genomic data set with genomic expertise, the company simplifies complex genetic data into actionable insights. Genomenon’s integrated software, data, and services solutions empower clients with advanced patient diagnosis and precision medicine development.

Media Contacts:

Genomenon:
Colleen McMillen
cmcmillen@genomenon.com

Genomize:
Ahmet Can Turkoglu
ahmetcan@genomize.com

Media Contact

Colleen McMillen, https://www.genomenon.com, 9173449360, cmcmillen@genomenon.com, https://www.genomenon.com

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Yiren Digital Partners with klikUMKM to Deliver AI-Driven Financial Solutions Across Indonesia

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BEIJING, March 27, 2025 /PRNewswire/ — Yiren Digital Ltd. (NYSE: YRD) (“Yiren Digital”), an AI-powered platform providing a comprehensive suite of financial and lifestyle services in China, today announced the formation of a strategic joint venture (the “JV”) with PT. Pinjaman Kemakmuran Rakyat (“klikUMKM”) and PT. Artha Digital Investama, member of Artha Graha Network (altogether “AG Network”).  AG Network is a leading Indonesian conglomerate with businesses in finance, retail, agriculture, telecommunications, and manufacturing. The partnership combines Yiren Digital’s cutting-edge financial technology expertise and AG Network’s deep local market knowledge to develop innovative digital solutions, addressing the growing demand for accessible financial services and inclusive finance in Southeast Asia’s largest economy.

Under the collaboration, Yiren Digital will integrate its AI-driven capabilities and proprietary technologies into the JV’s operations, including advanced risk management algorithms, automated customer service platforms, and data-driven marketing solutions. The technological foundation will enable the platform to scale efficiently and deliver secure, customer-centric financial services tailored to the Indonesian market.

The JV will also capitalize on AG Network’s established local market presence and regulatory expertise, which includes compliance with local regulatory requirements and a nuanced understanding of domestic market dynamics. AG Network’s support is expected to expedite regulatory approvals and ensure swift market entry for the JV.

The JV is expected to commence operation in the second half of 2025.

Beyond the JV, the partnership aims to explore additional technology collaborations, supporting AG Network’s broader digital transformation initiatives across its diverse business portfolio.

Mr. Ning Tang, Chairman and CEO of Yiren Digital, commented: “The partnership with AG Network marks a significant milestone in our international expansion strategy. It underscores our AI capabilities in credit financing and our ability to deploy these technologies at scale. I am confident that this collaboration will drive financial and technological innovation in Indonesia’s market of 281 million people, fostering greater financial inclusion.”

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “target,” “confident” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yiren Digital’s control. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, uncertainties as to Yiren Digital’s ability to attract and retain borrowers and investors on its marketplace, its ability to introduce new loan products and platform enhancements, its ability to compete effectively, PRC regulations and policies relating to the peer-to-peer lending service industry in China, general economic conditions in China, and Yiren Digital’s ability to meet the standards necessary to maintain the listing of its ADSs on the NYSE or other stock exchange, including its ability to cure any non-compliance with the NYSE’s continued listing criteria. Further information regarding these and other risks, uncertainties or factors is included in Yiren Digital’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Yiren Digital does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

About Yiren Digital

Yiren Digital Ltd. is an advanced, AI-powered platform providing a comprehensive suite of financial and lifestyle services in China. Our mission is to elevate customers’ financial well-being and enhance their quality of life by delivering digital financial services, tailor-made insurance solutions, and premium lifestyle services. We support clients at various growth stages, addressing financing needs arising from consumption and production activities, while aiming to augment the overall well-being and security of individuals, families, and businesses.

About Artha Graha Network 

Headquartered in South Jakarta, Artha Graha Network is a leading Indonesian conglomerate with business spanning financial services, real estate development, retail management, agriculture and telecommunication. Artha Graha Network provides innovative, sustainable finance solutions and banking services, driven by digital innovation and a commitment to financial inclusion.

 

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