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The research report states that the sensor market in the Asia Pacific region will account for 38.1%
Date: 2016-10-19Read: 0

China Investment Corporation (CIC) recently released a research report stating that the sensor application market will rapidly develop this year. In 2016, it is expected that the application scale of automotive sensors will reach 41.97 billion euros, accounting for 22.8% of the entire market; The scale of sensor applications in the information and communication industry has reached 42.16 billion euros, accounting for 22.9% of the market, and may become the largest single application market.

The report states that the Asia Pacific region will become the most promising market for sensor applications, expected to increase to 38.1% in 2016, with a slight decline in North America and Western Europe.

CIC Consulting believes that in the future, China's sensor industry may follow the following three directions: focusing on industrial control, automotive, communication and information industry, and environmental protection as key service areas, and developing original technologies and products with independent intellectual property rights for sensors, elastic components, optical components, and circuits as key objects; The main goal is to increase variety, improve quality and economic benefits, accelerate industrialization, and achieve a 70% -80% market share of domestically produced sensors and over 60% of products; Based on MEMS (Micro Electro Mechanical Systems) technology and relying on integrated, intelligent, and networked technologies, we will strengthen the development of manufacturing processes and new sensors and instrument components, so that our leading products can reach and approach the advanced level of similar foreign products.