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New Applications of Sensors Boosting Growth Opportunities in the Global Sensors Market

Reportstack has announced a new market research report on the Global Sensors Market 2014-2018. Increased adoption of green energy technologies is one of the major trends upcoming in this market. Sensors are required in several applications related to generating green energy. Investment in R&D and the installation of green energy technologies and applications have been fuelling growth in the sale of sensors in recent years. Green energy technologies and applications are considerably new for the Global Sensors market but are expected to witness immense growth during the forecast period.  The Global Sensors market is expected to grow at a CAGR of 9.2 percent during 2013-2018.

“Growing awareness about health, fitness, and wellness has accelerated the demand for fitness-monitoring devices that employ sensors,”.

“There are other new applications for sensors: motion sensor technology is being used in remote controls to enable consumers to use point-and-click, and in gesture-based controls with touch screen features, which reduces the button overload of traditional remote controls.”

To define the market conditions in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. 

Complete report available @  Global Sensors Market 2014-2018.