New technology development redefines the sensor market Sensors in 2013 are in the development stage of the transition from traditional to new sensors. The new sensors are characterized by miniaturization, digitization, intelligence, multi-functionalization, systematization, and networking. They not only promote the transformation of traditional industries, but also lead to the establishment of new industries. They are the new economic growth points in the 21st century.

The sensor market capacity is 50.6 billion U.S. dollars. In 2010, the global sensor market reached more than 60 billion U.S. dollars, and the number of sensor manufacturers is on the rise.

Some sensor markets such as pressure sensors, temperature sensors, flow sensors, and displacement sensors have shown a mature market characteristic. Pressure sensors, temperature sensors, and flow sensors have the largest market share, accounting for 21%, 19%, and 14% of the entire sensor market. The major growth in the sensor market comes from emerging sensors such as wireless sensors, MEMS sensors, and biosensors. Among them, the wireless sensor's compound annual growth rate in 2007-2010 is expected to exceed 25%.

Worldwide, the fastest-growing sensor market is still the automotive market, the second is the process control market, optimistic about the communications market.

At present, the global sensor market shows a rapid growth trend in the ever-changing innovation. Relevant experts pointed out that the major technologies in the field of sensors will be extended and improved on an existing basis. Countries will compete to accelerate the development and industrialization of new generation sensors, and competition will become increasingly fierce.

The development of new technologies will redefine the future market of sensors, such as the emergence and market share of new sensors such as wireless sensors, fiber optic sensors, smart sensors and metal oxide sensors. The Chinese sensor industry is at a critical stage in the evolution from traditional to new sensors. It reflects the general trend of new sensors to be miniaturized, multi-functional, digital, intelligent, systematic, and networked.

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