Growing demand for sensors and instrumentation technologies, with positive growth projections in various markets.
From GlobeNewswire: 2025-04-09 11:52:00
BCC Research has released the “2024 Instrumentation & Sensors Research Review,” analyzing the global market for sensors and instrumentation technologies. The report projects growth in the Temperature Sensors Market from $7.3 billion in 2023 to $9.0 billion by 2028, with a 4.3% CAGR. The Sensors Market is projected to grow from $179.7 billion in 2023 to $300.5 billion by 2029, with an 8.9% CAGR. The Environmental Sensing and Monitoring Technologies Market is expected to grow from $31.3 billion in 2024 to $41.4 billion by 2029, with a 5.7% CAGR.
The report emphasizes the increasing demand for high-quality sensors in various applications, driven by industrial needs and automation development. Key points include the essential role of instrumentation and sensors in technology products, the impact of micro-technology on electronics, rising demand for reliable data in automation, and the importance of accurate datasets for AI development.
The “2024 Instrumentation and Sensors Research Review” provides insight into market trends and growth projections, highlighting the significance of sensors in modern technology. BCC Research offers a portfolio of market research reports to support informed business decisions, with a focus on providing objective, unbiased analysis of market opportunities. For more information or to purchase reports, contact [email protected].
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