Market Insights report
The Sensors & Actuators market includes semiconductor devices that are made for measuring physical, chemical, and biological properties such as temperature, pressure, and acceleration, as well as gyroscopes sensors, and microelectromechanical (MEMS) devices that convert electrical signals into physical actions in devices such as relays, digital micromirrors, etc.
What's included?
The Sensors & Actuators market is expected to continue to grow over the next five years, driven by the demand for sensors and actuators of smaller size and increased performance in industrial automation, consumer electronics, Internet of Things (IoT), and implantable electronic applications. The growing demand for MEMS sensors used in advanced driver assistance systems (ADAS), which support increasing road safety, would further drive this market.
Overall, the market is expected to show an annual growth rate (CAGR) of nearly 10% in the next five years. The Asian region especially remains to be the largest market for sensors and actuators in this time.
Overview
Overview
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