Sensor sales finally catch fire

IC sensor revenue grew 14 percent in 2016.

May 25, 2017

Share: Facebook Twitter Google Linkedin | Print E-mail

IC sensor revenue grew 14 percent in 2016.

Source: IC Insights via EE Times

Sales of semiconductor sensors set a new all-time high in 2016, thanks to the growth of embedded control, wearable electronics and Internet of Things or IoT devices, according to IC Insights Inc.

Several of the largest product categories in the segment—including acceleration/yaw and magnetic-field sensors and actuator devices—finally broke through to achieve double-digit sales increases in 2016, after years of intense pricing pressure and lackluster unit volumes, according to the market research firm's report.

Sales of IC sensors rose 14 percent last year, reaching a record high of $7.3 billion, according to the report. Meanwhile, that of actuators increased by 19 percent to $4.5 billion, IC Insights said.

IC Insights sees more growth ahead, forecasting that sensor sales will climb at a CAGR of 7.5 percent for the next few years and hit $10.5 billion in 2021. Actuators are projected to expand at an 8.4 percent CAGR over the same period, reaching $6.8 billion.

To read the full article, go to EETimes.

Share: Facebook Twitter Google Linkedin | Print E-mail

Additional Information

Send me the latest Product Alerts for Accelerometer sensors

Sign up for Product Alert e-mail updates - FREE

  • Accelerometer sensors
  • Current transducers
  • E-cigarette microprocessors
  • Flow sensors
  • Force sensors
  • Humidity sensors

Subscribe (No SPAM - We will not sell or share your e-mail address.)

Learn more | See sample

Meet Exhibitors At Our Global Sources Exhibitions

Global Sources
Electronics Show
October 11-14, 2017
Register

See list of all Global Sources Exhibitions

The No. 1 Site for Buyers of Electronic Components

New product coverage updated daily, plus exclusive reports, research and analysis.

Top 20 Most Popular Electromechanicals
Top 20 Most Popular Electronic Components - Earphone Speaker
  • The most popular products during the last 7 days
  • Based on key factors including page views and inquiries
See Today's Top 20 Electromechanicals
Analyst's Choice
Analyst's Choice - Electronic Components
  • Innovative and newly released products
  • Asia's biggest brands and OEM manufacturers
View Products Now

Visit the Electronic Components Site for the best industry coverage

Download Electronic Components e-Magazine

Login or register for immediate download

  • Discover new Accelerometer sensors and other Electronic Components...
  • Detailed information of verified Accelerometer sensors suppliers
  • You may also be interested:
  • Discover even more related products and suppliers in Smart Living e-magazine.

Note: Magazines are available in English only.

Featured Hot Products

Submit your Buying Request with TradeMatch

Fast and easy to use

Receive tailored offers

Compare quotations

Learn more

Click here to receive FREE e-mail updates