The anti-collision sensors have dominated the market by recording annual revenue of $5.72 billion in 2017 and is estimated a rapid growth at a CAGR of 10.20% throughout the forecast period.
The major growth drivers that impact the Distance Measurement Sensors market are the rising need for automation for rapid production and supply of sensors is the primary market growth factor to this billion dollar industry.
The Velocity Flow sensors segment holds major share of 37.5% in 2017.The increasing number of applications and development of new and improved technologies like ultrasonic, electromagnetic and coriolos have resulted in increased adoption of flow sensors
Drinking and waste water treatment is the fastest growing market segment for chlorine sensors as the overall chemicals market for this purpose is expected to cross $25billion by 2018.
The colour detection sensors equipment and services market is slated to grow at 5.9% year on year for the next five years. The market is estimated to reach $2.45 billion by 2018.
The market revenue of force sensors was estimated to be $2.03 billion in 2017 and it is expected to grow at a CAGR of 5.49% during the forecast period i.e. till 2023.
The wireless transmitter works with the help of a device which is attached to a control panel from where the signals are sent.
The photo diode market holds the largest market share and generated highest revenue of 98.4M and is estimated to grow at CAGR of 10%.
The global temperature sensor market had revenues of around $ 3.8 bn in 2013 and is expected to reach $5.1 bn in 2018. Proximity and flow sensors are expected to be the fastest growing product segments in this market.
Position sensors are used to determine have far a target object has moved and this is information, which can be used for determining the efficiency of a device.