By Kalwinder KaurJun 26 2012
Research and Markets has released a new report titled "Global Sensor Market 2011-2015".
The growing demand of sensors within the automotive segment contributes to the growth of this market. The global sensor market represents increased variety of applications for sensors within the healthcare segment. The market’s growth is however challenged by the demand for a reduced time to market.
STMicroelectronics, Denso, OmniVision Technologies, and Robert Bosch are the major vendors in this market.
TechNavio's Hardware team analyst commented that the technological advancement of sensors has been driven by the growing demand for advanced operational features in a variety of electronic devices. Technological advancements and rate of change are quite fast in the worldwide sensor market. These attributes have contributed to the growth of advanced sensor products having increased level of sensitivity. Electronics products have been designed based on advanced sensors to provide increased flexibility to end-users.
The report states that the global sensor market has been driven by the rising demand for sensors in automobiles. Automobiles witness increased demand for sensors due to the advanced safety functions of sensors. Furthermore, the safety features within the automotive segment has been improved following the deployment of sensors, thereby ensuring end-users with highly secured features. Hence, the demand for sensors is rising significantly.
This report also discusses that the global sensor market has been hampered by the demand for reduced time in developing sensors.
Source: http://www.researchandmarkets.com/
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