The sensor market began to rebound

Sensors and actuators have been the fastest growing segment of the semiconductor industry for the past decade. Now, with the emergence of new levels of embedded control, new wireless sensing applications, and smart portable systems, there is no doubt that they will usher in another growth period.

However, in 2013, the dynamic sensor market seemed to lose momentum. As the two largest sensor types, accelerometers, gyroscopes, and magnetic field sensors suffer from poor growth and lower unit prices, the sensing market is also unavoidably affected.

This recession has been brewing for several years. In 2013, the market's sales have been reduced to 2009 levels.

Now, ICInsights stated that with the recovery of the global economy and the recovery of new system application sales, the sensor market will usher in a strong wave of growth in 2014.

In 2014, sales of sensors and actuators are expected to increase by 14% and reach the highest level of $9.9 billion in history. In 2015, this figure will soar to 11.4 billion U.S. dollars.

From 2013 to 2018, the sensor and actuator market is expected to grow at a compound annual growth rate of 11.7%. In 2018, this market will reach $15.1 billion.

Analysts believe that the driving force for market growth is mainly multi-sensor smartphone platforms, wearable devices, Internet of Things (IoT) applications, RF filter drivers, lab-level chips, fingerprint identification sensors and connected car/unmanned sensors market.