According to IC Insights’ 2016 O-S-D Report—A Market Analysis and Forecast for Optoelectronics, Sensors/Actuators, and Discretes, sharply falling average selling prices (ASPs) on accelerometers, gyroscope chips, and magnetic-field measuring devices are capping annual growth of total sensor revenues
The report shows worldwide dollar-volume revenues for sensors rising by a compound annual growth rate (CAGR) of 5.3% between 2015 and 2020 compared to an 8.9% annual rate in the last five years.
In the five-year forecast period, total sensor unit shipments are projected to climb by a CAGR of 12.4% compared to a 20.5% rate of increase in the 2010-2015 period.
For more information about the report, click here or contact Rob Lineback, Senior Market Research Analyst at IC Insights. Phone: +1-817-731-0424, email: [email protected]
Filed Under: Sensor Tips