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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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Smarter Cars, Robots and Disease Prevention: WSTDF Examines How Future Industries Take Shape

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CHONGQING, China, Oct. 22, 2026 /PRNewswire/ — A news report from iChongqing.

The 2026 World Science and Technology Development Forum opened in Chongqing on October 21, bringing together around 800 participants, including experts and scholars, to explore how automotive technology, robotics and other advances could shape future industries.

Wang Guangqian, President of the China Association for Science and Technology, called for technological breakthroughs, closer integration of technological and industrial innovation, greener development and stronger technology governance. He emphasized that future industries connect science and technology with the economy.

Li Junhua, UN Under-Secretary-General for Economic and Social Affairs, described engineering as a bridge between scientific discovery and industrial practice. He stressed that achieving the UN’s 2030 Sustainable Development Goals requires stronger international scientific cooperation and participation by all countries and communities.

Zhu Huarong, Chairman of China Changan Automobile Group, said cars were evolving from transportation tools into “self-evolving intelligent car robots.” The automotive industry is increasingly integrating AI, chips, communications and big data, with applications extending into energy and urban governance. In Chongqing, vehicle-road-cloud data integration supports traffic management, while vehicle-to-grid interaction and integrated energy systems could turn vehicles into mobile nodes in green energy networks.

David Lopez Perez, Professor at Universitat Politècnica de Valencia, Spain, outlined applications ranging from urban drones and industrial inspection robots to humanoid assistants for older adults. Robots must reason, plan and coordinate, supported by digital twins, intelligent systems and future 6G networks. Interoperability and standardization remain essential.

Nils Stenseth, Member of Academia Europaea and Professor at the University of Oslo, described using air travel data to build a digital twin model exploring how to prevent local epidemics from becoming global pandemics. He highlighted multisource data, digital technologies and a strong global surveillance network as tools for addressing emerging pathogens.

Together, these examples underscored the importance of interdisciplinary, cross-sectoral and international cooperation in translating advanced technologies into practical solutions.

The opening ceremony also released the Top 10 Science and Technology Foresights of 2026, covering areas including AI, brain-computer interfaces and space resource development, alongside an intelligent sensing industry map and other outcomes.

Held in Chongqing for the first time since its launch in 2019, the forum ran through October 23, featuring 12 parallel forums on intelligent sensing, AI-powered simulation, embodied intelligence, smart manufacturing, green energy and new-energy vehicles, among other fields.

For more information about the 2026 WSTDF, click here.

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SOURCE iChongqing

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Distribution Utility Meet (DUM 2026) to Bring Together India’s 40+ Power Distribution Utilities in Jaipur on 27-28 October 2026

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10th Edition of the Annual Conference and Exhibition of Power Distribution Utilities for Collaborative Growth | 27–28 October 2026 | Jaipur

NEW DELHI, Oct. 22, 2026 /PRNewswire/ — India Smart Grid Forum (ISGF) will organize the 10th edition of the Distribution Utility Meet (DUM 2026), India’s flagship annual conference and exhibition for the power distribution sector, on 27–28 October 2026 at Jaipur, Rajasthan. The milestone edition is being held in partnership with all three Rajasthan DISCOMs, Jaipur Vidyut Vitran Nigam Limited (JVVNL), Jodhpur Vidyut Vitran Nigam Limited (JdVVNL) and Ajmer Vidyut Vitran Nigam Limited (AVVNL) as Host Utilities. DUM 2026 is supported by the Ministry of Power, NITI Aayog, Energy Department of Rajasthan Government, Central Electricity Authority (CEA) and All India DISCOMs Association (AIDA). Power Foundation of India (PFI) is the Knowledge Partner, Rajasthan Renewable Energy Corporation Limited (RRECL) is the RE Partner and Pelocal is the Powered by Partner.

Since its first edition in Bengaluru in 2017, DUM has been held in Mumbai, New Delhi, Bhubaneswar, Kochi, and Lucknow, with two digital editions in 2020 and 2021. The 9th edition in Mumbai in November 2025 drew over 600 participants, including senior officers from 45 DISCOMs. The 10th edition comes to Rajasthan, one of India’s leading renewable energy states, making Jaipur a fitting venue for discussions on integrating renewables, storage and new large loads into distribution grid. DUM 2026 is expected to bring together over 500 participants, including senior officials from 40+ DISCOMs across India and 100+ speakers, including senior utility leaders, regulators, policymakers, researchers and technology providers.

Honorable Chief Minister of Rajasthan, Shri Bhajan Lal Sharma is expected to inaugurate DUM 2026 along with Honorable Minister of State for Energy, Shri Heera Lal Nagar on 27th October 2026 at The Lalit, Jaipur. 

Announcing the event, Shri Reji Kumar Pillai, President, ISGF, said: “DUM has grown over ten editions into the one platform where India’s DISCOM leaders assemble together and learn from each other’s successes. As distribution utilities move from turnaround to transformation, with smart meters, distributed renewables, storage and new large loads such as AI data centres and EVs, that peer learning matters more than ever. We are delighted to bring the 10th edition to Rajasthan with all three state DISCOMs as host utilities.”

BSES Rajdhani Power Limited, BSES Yamuna Power Limited, Tata Power Delhi Distribution Limited, The Tata Power Company Limited, Noida Power Company Limited and Chandigarh Power Distribution Limited join DUM 2026 as Co-Host Utilities. Oracle, Enspar and The Energy and Resources Institute (TERI) are the Thematic Session Partners, Indian Energy Exchange (IEX) is the Exchange Partner and Wirepas is the Delegate Bag Partner. WorkOnGrid, Eaton, Reformtech Co., Ltd., REConnect Energy, Radius Synergies Pvt. Ltd. and Stelmec Limited joined as Technology Innovation Partners. Power Foundation of India (PFI) is the Knowledge Partner, RRECL is the RE Partner and Pelocal is the Powered by Partner.

The DUM 2026 exhibition will showcase technologies and solutions for the distribution sector. The exhibitors include Power Foundation of India, JVVNL, The Tata Power Company Limited, Tata Power Delhi Distribution Limited, Brodersen Systems Pvt. Ltd., Taurus Powertronics, BENTEC, REConnect Energy, Oracle, Yitran Technologies, WorkOnGrid, Eaton, Reformtech Co., Ltd., RMC India, Enspar Sustainability Pvt. Ltd., Kimbal, Madhav Engineers Pvt. Ltd., Elektrolites, Phoenix Contact, Radius Synergies Pvt. Ltd., Stelmec Limited, Deliverain Research & Solutions, Future Grid, SM Systems, RRECL, Pelocal, and Chandigarh Power Distribution Limited.

Over two days, DUM 2026 will hold seven thematic sessions on the most pressing challenges and opportunities for DISCOMs:

DISCOMs Financial Transformation and Capital Market ReadinessScaling Digital Intelligence and Advanced Smart Meter Data AnalyticsRole of RE in Managing New and Emerging Loads and Ensuring Supply Reliability and Power QualityFlexibility Solutions for Distribution Networks and CEA Standards for Solar PV and BESSClimate Resilience and Securing the Physical Assets of DISCOMsIndia Energy Stack (IES), Data Exchange Framework, Cyber Security and Data Privacy for the Digital GridsBESS Applications in Power Distribution – Select Case Studies

Discussions will cover capital market instruments such as green and sustainability-linked bonds for DISCOMs, moving smart meter analytics from pilots to population scale, grid readiness for AI data centres and EV charging, grid-forming inverters for BESS, demand flexibility and time-of-day tariffs, climate-resilient network design, and DISCOM readiness for the India Energy Stack and the CEA (Cyber Security in Power Sector) Regulations, 2026.

DUM is a closed-door forum for power distribution utilities, with participation by invitation for DISCOMs, government and regulatory representatives. The meet provides a unique platform for knowledge exchange and collaboration among the DISCOM community, technology providers and policymakers. DUM 2026 reaffirms India’s commitment to grid modernization, digitalization and the transition toward a Net Zero power sector, and to the principle that utilities grow stronger by learning from each other’s experiences.

For more information, visit www.dumindia.in

About India Smart Grid Forum (ISGF): India Smart Grid Forum (ISGF) is a Think-Tank of global repute on Smart Energy, Electric Mobility and Smart Cities. ISGF, established as a Public Private Partnership initiative of Government of India in 2011, is spearheading the mission to accelerate electric grid modernization and energy transition in India. ISGF is registered as a Not-for-Profit Society under Indian Societies Act. The main objectives of ISGF are to conduct research and studies on evolving technologies related to clean energy, energy efficiency, electric mobility, energy transition and electric grid modernization relevant in the Indian context through case studies, pilot demonstrations, cost- benefit analysis and other ancillary activities. ISGF also brings together experts from policy, regulation, academia, and industry to formulate and support enabling policies, standards, and regulations. ISGF’s multidisciplinary team works closely with policymakers, regulators, utilities, academia, and industry leaders to shape enabling frameworks and standards. Website: www.indiasmartgrid.org 

About Distribution Utility Meet (DUM): DUM is ISGF’s annual conference and exhibition for India’s power distribution utilities. It brings together senior DISCOM leaders, the Ministry of Power, MNRE, CERC and SERCs, state energy departments, international utility experts, research institutions and industry to share experience, evaluate new technologies and business models, address the challenges of managing millions of distributed energy resources, and propose regulatory and policy interventions for DISCOM sustainability. Website: www.dumindia.in

 

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TIER IV and Technical University of Munich Bring NVIDIA Hyperion to Level 4 Autonomous Driving in Germany

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Announced at NVIDIA GTC Berlin, the initiative builds on the TUM Autoware Research Center by TIER IV and integrates NVIDIA Hyperion and Halos safety system to accelerate next-generation autonomous mobility

TOKYO, Oct. 21, 2026 /PRNewswire/ — TIER IV, the pioneering force behind Autoware, the world’s leading open-source software for autonomous driving, and the Technical University of Munich (TUM) today announced an expanded collaboration centered on NVIDIA Hyperion and NVIDIA Halos safety system to scale safe, high-performance autonomous driving systems across Germany.

NVIDIA Hyperion is a reference sensor and compute platform for Level 4 autonomous vehicles and robotaxis. It combines NVIDIA DRIVE AGX Thor accelerated computing with the NVIDIA Halos safety system to accelerate safe, production-ready autonomy.

Building upon the recent establishment of the TUM Autoware Research Center by TIER IV, the initiative will integrate NVIDIA Hyperion, including high-performance dual-DRIVE AGX Thor configurations into Autoware-based autonomous vehicle projects across Germany.

By bringing together NVIDIA’s automotive-grade compute and safety technologies, Autoware’s open-source software and TUM’s automotive research expertise, the initiative will provide researchers and developers with a powerful environment for building, testing and validating next-generation autonomous driving systems.

The work will focus on translating advanced research into safe, scalable real-world deployments, including autonomous public transportation and robotaxi applications.

“To transition autonomous mobility from academic research to trusted, real-world deployment, leveraging cutting-edge hardware such as NVIDIA Hyperion alongside leading open-source platforms like Autoware is essential. This partnership allows us to rigorously test autonomous vehicle systems on German roads, ensuring public transit solutions are built on transparent, verifiably safe, and collaborative technology rather than restrictive proprietary systems,” said Prof. Markus Lienkamp, Technical University of Munich.

“Building on years of joint work on Autoware between TUM and TIER IV, integrating advanced platforms like NVIDIA Hyperion lets us push real-time vehicle control and software architecture to a whole new level,” added Prof. Johannes Betz.

Shinpei Kato, founder and CEO of TIER IV, commented, “Scaling safe autonomous driving globally requires moving beyond closed, black box systems toward open, interoperable architectures. TUM is an exceptional partner for advancing cutting-edge research, and NVIDIA Hyperion, together with NVIDIA’s leadership in high-performance compute and commitment to open-source software ecosystems, provides the solid foundation needed to accelerate scalable, publicly trusted autonomous transit in Germany and beyond.”

“NVIDIA Hyperion provides the reference sensor and compute architecture needed to develop Level 4 autonomous vehicles and robotaxis at scale,” said Rishi Dhall, vice president of automotive at NVIDIA. “Together with TIER IV and TUM, we are combining NVIDIA DRIVE AGX Thor and the NVIDIA Halos safety system with an open-source autonomous driving platform to accelerate safe, production-ready autonomy.”

*Autoware is a registered trademark of the Autoware Foundation.

Media Contact: pr@tier4.jp

 

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SOURCE TIER IV, Inc.

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