Revenue Trends by Sensors Type 2021 – 2023

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Summary

Beneath the sensors industry's headline growth lies a more nuanced story of which sensor categories are expanding fastest and why. Global sensor market revenue breaks down across basic, applied, and emerging sensor classes, each being reshaped by automation, integration, and artificial intelligence.

Basic sensors — pressure, temperature, flow, and level — see upgrades and replacements rather than new deployments drive their revenue growth, alongside the much larger applied sensors category spanning motion, image, position, and biomolecular detection used across nearly every industrial and consumer application. The fast-growing emerging sensors category, meanwhile, encompasses newly developed technologies addressing previously unmet measurement needs.

Beyond the classification breakdown, integrating sensors into connected systems is changing their design and value — from embedded memory and analytical capability to real-time, multi-way communication between devices. The biggest near-term growth opportunities span embedded artificial intelligence, Internet of Things connectivity, non-contact sensing technologies, and sense-making analytics that convert raw sensor data into actionable decisions. As factories and infrastructure lean further into automation, these sensors increasingly act as the eyes and ears of intelligent systems designed to catch problems before they cause costly downtime.

  • Basic, applied, and emerging sensor revenue classifications
  • Integration trends: embedded memory, analytics, and multi-way communication
Which sensor categories offer the strongest growth opportunity for manufacturers and investors through 2023?

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