Market Analysis of Sensor Industry Technology Applications

As a core basic component in the fields of Internet of Things and intelligent manufacturing, the sensor industry has maintained a high-speed growth trend in recent years. The following is an analysis from three aspects: technology, application and market:

Technology Trend
Miniaturization and integration: MEMS technology promotes the development of sensors to the micron level, and multi-parameter integrated modules have become mainstream, such as environmental sensors that can simultaneously monitor temperature, humidity, PM2.5, etc.

Application scenario expansion
The industrial field accounts for more than 30%, mainly used for predictive maintenance (vibration sensors) and process optimization (pressure sensors). In consumer electronics, the penetration rate of optical sensors under the smartphone screen exceeds 60%. New energy vehicles drive the demand for automotive-grade sensors, with a single vehicle consumption of more than 300. In the field of medical health, the annual growth rate of biosensors for wearable devices reaches 25%.

Market dynamics
The global market size will exceed US$200 billion in 2023, with a compound annual growth rate of 8.5%. The Asia-Pacific region accounts for more than 40%, benefiting from investments in smart cities and Industry 4.0. Low-end and mid-end products are highly homogenized, and the high-end market is dominated by overseas manufacturers. Domestic companies are breaking through barriers through vehicle certification.