2035 global sensor market to exceed $253 billion, driven by advances in mobility, AI, and IoT.

A report by IDTechEx predicts the global sensor market will surpass $253 billion by 2035, fueled by advancements in mobility, edge computing, AI, and digital healthcare. Key growth areas include photonics, quantum sensing, and IoT, while traditional sensors like semiconductors will still lead in revenue. The report also highlights the rapid growth of the IoT sensors market, projected to reach $107.74 billion by 2031, driven by technological innovations and digital transformation.

October 25, 2024
4 Articles