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The overall market size of low-end sensors will increase from the current 8.9 billion U.S. dollars to 13.2 billion U.S. dollars in 2019, and the number of shipments will expand to 42 billion.
Medical diagnostic test sensors, especially blood glucose test sensors, will account for most of the overall market. The market size of blood glucose test sensors continues to grow at an annual rate of approximately 3%, from $7.6 billion in 2012 to approximately $9.3 billion in 2019.
The low-end sensor market is one of the fastest-growing areas. From the perspective of smart packaging sensors, especially food and general consumer-oriented medical care products, such as detecting temperature, humidity, and various chemical substances and gas packaging will Significantly growing. NanoMarkets predicts that this area will grow from the current, less prominent, market size of about $150 million to $1.1 billion by 2019.
At the same time, the market for interactive media, advertising, and disposable electronic devices will emerge as a new market for low-end sensors. The scale of the low-end sensors in these markets is expected to increase from approximately 30 million U.S. dollars today to 120 million U.S. dollars by 2019.
Low-end sensors also play a role in building automation systems. The building automation system uses a wirelessly connected sensor network to detect and control heating and cooling, and ventilation (mostly commercial buildings). Such systems can increase efficiency through smart meters, while also improving aesthetics and comfort, as well as security and safety.
Since a system can use a wide variety of sensors, the penetration of low-end sensors, even with only a few points, can boost huge sales. The market size of low-end sensors for building automation systems is expected to grow from $245 million in 2012 to $1 billion by the end of 2019.