Seamless integration, increased intelligence, and diagnostic capabilities are key challenges in the sensors market. As new production plants are ultra modern and complicated, smartness and seamless integration at the device, subsystem and system level is necessary to ensure continuous high performance in the automation space.
Frost & Sullivan finds that in 2012 the global sensors and transmitters market generated revenue of $64.78 billion and estimates this to increase to $95.67 billion in 2016.
If you are interested in more information on this research, please send an e-mail to Jeannette Garcia, Corporate Communications, at [email protected], with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country.
With evolution of technology and need for greater control, optimal resource utilization and integrated solutions that enable cost reduction are vital. Meeting this challenge requires in-depth understanding and commitment of technical and commercial resources from sensor manufacturers.
"Consistent high-quality customer service is a key element, especially with constant technology up-gradation and continuous product innovations on the horizon," said Sensors & Instrumentation Principal Analyst Dr. Rajender Thusu. "Sensor companies that monitor the changing market pulse and meet client needs will see success."
Evolving sensor features that have been developed for dynamic customer needs include soft sensors, self calibration, auto-correction and wireless communication for monitoring and control applications.
"With an increased level of accuracy, the reliance on sensors is growing in most end-user applications as never before," said Dr. Thusu. "In fact, sensors are experiencing unprecedented penetration into industrial, commercial, consumer and service sectors. These target markets have well-entrenched market participants that exhibit continuous commitment through product development, innovation, and a perennial customer service approach to stay ahead."
Global Sensor Outlook - 2013 is part of the Measurement & Instrumentation Growth Partnership Services program, which provides global Mega Trends, information on emerging markets, and the latest technology innovations, market, economic, customer, competitive, and best practices research. This CEO 360 degree perspective will enable your company to effectively plan your strategies for growth. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
Connect with Frost & Sullivan on social media, including Twitter, Facebook, SlideShare and LinkedIn, for the latest news and updates.
Source: http://www.frost.com