Zion Market Research Global Sensors Market, 2016–2024 | Page 3

Sensors Market
Global Sensors Market: Segmentation
The global sensors market is segmented into its product type, application, and geography. On
the basis of product type, the global market is divided into touch, image, motion, pressure,
temperature and position. Based on application, the global sensors market is segregated into
entertainment, IT, communication products and home appliances. Diversification of the global
market on the basis of a region is seen into North America, Europe, Asia-Pacific, Latin America
and the Middle East and Africa.
Global Sensors Market: Growth Factors
The global sensors market is growing owing to factors such as increased adoption in automotive
segment, increased adoption of green energy technologies, growth of the tablets and mobile
phones market due to increasing research and development of new products, rising trend in the
wearable device segment, demand for personal computers, indoor navigation applications,
demand for games with high accuracy motion sensors and increasing demand need surveillance
cameras. Image sensors dominate the demand in the global sensors market. There are however
some restraining factors to the market which include a threat of new entrants, the threat posed
due to substitutes, intense competition, lack of product differentiation and lack of
responsiveness the during a performance.
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