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World sensor market analysis and outlook for future market growth rate of 4.5% to 5%
The world sensor market is moving forward with sustained and steady growth. The world non-military sensor market was $32.5 billion in 1998 and is forecast to increase to $50.6 billion in 2008. The average annual growth rate between 1998 and 2003 was 5.3%, and the average annual growth rate for the period 2003-2008 is expected to drop to 3.7%. Considering factors such as lower sensor prices and the rise of unpredictable emerging applications, the actual growth rate during the period 2003-2008 is likely to reach 4.5% to 5%.
In the next five years, the sensor market will face further price pressure due to the rapid development of the Internet and e-commerce, and price competition will further intensify. Intechno Consulting predicts that sensor prices will be further reduced. In high-volume markets such as automotive electronics, consumer products, and office automation, MEMS technology can not only improve product performance, but also mass produce and reduce the price of sensor products. In the next 10 years, the price of sensors will be reduced by 30%, and even the price of new sensors (wheel rate sensors, radar sensors, driving angle sensors) entering the market will be greatly reduced.
Strong market development in major application areas
The trend in the sensor market is that the market share of semiconductor sensors has increased from 38.9% in 1998 to 43% in 2008. MEMS-based intelligent sensors and bus-capable sensors are expected to grow strongly.
The fastest growing market is the demand for the automotive market, the second is the process control market, and the promising market is the communications market.
Mechanical manufacturing industry
The mechanical manufacturing industry market includes sensors used and purchased by all machine manufacturers (OEMs), suppliers and end users. Sensors for machine manufacturing demand were $4.1 billion in 1998 and will increase to $5.2 billion in 2008, with an annual growth rate of 2.4%. As the industry has a high share of the sensor demand market, its growth rate will decline in the next five years due to the overall decline in world market growth. On the other hand, the level of industrial automation will increase.
Industrial process control
The industrial process control sensor market was $6 billion in 1998 and will grow to $9.1 billion by 2008. Among them, the growth rate from 2003 to 2008 was faster than that in 1998-2003. Sales in the micro-systems market for industrial automation reached $1.99 billion in 2000, and increased to $18.55 billion in 2004, with an average annual growth rate of 11.6%.
auto industry
In the next 10 years, the share of electronic component products in automobile production costs will increase year by year. In 1998, the demand for sensors in the automotive industry was about $6.4 billion, and by 2008 it will increase to $13.3 billion. In particular, sensors used in automotive safety systems will show a significant development: ABS and airbag safety systems have been successfully put on the market, and acceleration sensors, head airbags and child seat control devices for side impact prevention have also begun to face the market. In addition, sensors for vehicle body stability control and tire monitoring are also under development.
According to reports, the sales of automotive MEMS sensors in 2000 was 1.26 billion US dollars, and it is expected to grow to 2.35 billion US dollars in 2004, and even more.
Other fields
Behind the automotive industry is the field of household and consumer electronics. Information technology promotes mass production of consumer sensor products. Ultrasonic sensors for PBX and cordless phones, and magnetic field sensors for magnetic storage media will appear. Strong growth, especially for portable light detectors for local area networks, will grow at a faster rate.
In summary, the foreign sensor market is showing rapid growth in constant change and innovation. The main technologies in the field of sensors will be extended and improved on the existing basis, and countries are competing to accelerate the development and industrialization of next-generation sensors, and the competition is increasingly fierce.
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