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Sensor Development Kit Market

Sensor Development Kit Market : Global Industry Analysis 2016 - 2020 and Opportunity Assessment 2021 - 2031

Market Insights on Sensor Development Kit covering sales outlook, demand forecast & up-to-date key trends

Sensor Development Kit Market Overview

Sensor Development Kit is a compact and a comprehensive platform used by engineer to evaluate a sensor they manufacture. Sensors development kit is used to accelerate development of products by enabling rapid prototyping of design. Sensor development kit usually includes a PCB that is in anti-static bag that has the sensor device onboard.

Sensor development kit uses various sensors including gyroscopes, temperature, accelerometer, and pressure. Sensor development kit are used for application including home automation, consumer electronics, wearables, and others.

Impact Analysis of COVID-19 Pandemic

COVID-19 pandemic has affected the industrial supply chains on a global level. Manufacturers are facing problem in sourcing the raw materials and partially assembled systems. Due to disruption in logistics, and unpredictable and irregular consumer demand is restricting business. Pandemic has impacted industries including logistics, transportation, and manufacturing. 

According to estimates, the revenue of semiconductor companies has witness a major hit as it plunged 27% at the end of the first quarter, in 2020. Such companies are dependent on supply and demand generated. However, semiconductor market will recover soon and till then technology supplier should focus on maintain engagement with partners and prospects and long-term investments.

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Sensor Development Kit Market: - Market Dynamics

Increasing Demand of Industrial IoT (IIoT) is Driving the Market Growth

The demand is increasing for integration of IIoT in industries where sensor is used for analysis and decision support purposes. The adoption of sensors is increasing in various industries such as manufacturing, industrial and others for various application and this driving the market growth.

Also, increasing adoption of building automation features in industries and adoption of smart sensors is further creating growth opportunities for the providers in the market. Thus, the growing demand for automation in distinct process manufacturing industries is fuelling the growth of the market.

Increasing Adoption of Smart Sensors is Driving the Market Growth

Adoption of smart sensors is increasing as these wireless sensors provide real-time, and accurate information. These sensors collect and analyze the source of data and also help in driving down energy cost and boost productivity.

Smart sensors detect and monitor occupancy of desk, rooms and spaces in real-time and these sensors help to manage and maintain assets. Hence, the adoption of smart sensor is increasing for saving energy and maintaining the asset and this is driving the market growth.

Sensor Development Kit Market: - Key Players

The key players in the Sensor Development Kit market are

  • ON Semiconductor
  • NXP
  • Dialog Semiconductor
  • Silicon Labs
  • TE Connectivity
  • among others.
Nikhil Kaitwade
Principal Consultant
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Sensor Development Kit Market: - Regional Analysis

Sensor Development Kit market is analyzed across six regions including North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa. Currently North America is dominating the market, owing to presence of top player in the region. The consumer electronics industry is blooming in the region and this driving the Sensor Development Kit market in the region.

The South Asia & Pacific region is expected to witness high growth in forecast period, owing to the increasing adoption of IoT devices in emerging countries such as India, Indonesia, Thailand, Singapore and others.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the global Sensor Development Kit market.

The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with Sensor Development Kit market attractiveness as per segments. The report on Sensor Development Kit market also maps the qualitative impact of various factors on Sensor Development Kit market segments and geographies.

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of Latin America)
  • Europe (Germany, Italy, U.K, Spain, France, BENELUX, Russia, Rest of Europe)
  • East Asia (China, Japan, & South Korea)
  • South Asia & Pacific (India, ASEAN, Australia & New Zealand, Rest of South Asia)
  • Middle East and Africa (GCC Countries, Turkey, South Africa, Rest of MEA)
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Sensor Development Kit Market: - Segmentation

By Application :

  • Augmented Reality
  • Immersive Gaming
  • Asset Tracking
  • Wearables
  • Other

By Industry :

  • Oil & Gas
  • Automotive & Transportation
  • Utilities
  • Others
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Nikhil Kaitwade
Principal Consultant
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Sensor Development Kit Market