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  • The sensor business is going through its toughest times

     

    The sensor market is one of the tech industries hardest hit by the pandemic. The pandemic has further clouded the outlook for the automotive sensor market due to the reduction of fossil fuels and internal combustion engines and the commoditization of existing sensor technologies. IDTechEx's survey of the post-pandemic sensor market concluded: "The sensor business is in disarray..." The problem is cost, not demand. Struggling automakers, for example, are trying to get as many lidar sensors as they can get their hands on, but the unit cost is still high. By contrast, mass production targeting emerging markets for biosensors such as glucose monitors appears to be a way out of the industry's current woes. IDTechEx also sees an emerging market for incorporating sensors into municipal water supplies and grids, perhaps preventing

  • Gas and particle sensors enter the consumer market

     

    According to Yole Developpement, the market size of gas and particle sensors will reach $2.2 billion by 2026, of which the gas sensor market will reach $1.8 billion in revenue, with a CAGR of 10% in 2020-26, while the particle sensor market will reach $1.8 billion in revenue It is expected to reach $400 million in 2020, with a CAGR of 16.3%. The main reason for the rapid growth is that the consumer market is growing at a compound annual growth rate of 39.4%. The HVAC market, which includes home air purifiers, is growing at a CAGR of 18%. The compound growth rate of the transportation market is 15.6%. The main evolution direction of gas sensors is miniaturization and low power consumption, and the trend is towards more combinations (humidity, temperature, pressure with gas sensors) and electronic noses developed using digital smell. gas sensor

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