With the development of energy-saving and emission reduction industries strongly supported by various favorable policies in today's country, the sensor market is about to enter a stage of rapid development. In such a highly favorable situation, the prospects of China's sensor market are promising, becoming a sought after "hot commodity" by capital. With the development of energy-saving and emission reduction industries strongly supported by various favorable policies in today's country, the sensor market is about to enter a stage of rapid development. In such a highly favorable situation, the prospects of China's sensor market are promising, becoming a sought after commodity by capital.

Sensors have been increasingly applied in various electronic products, and market demand will further expand, especially with the development of energy-saving and emission reduction industries strongly supported by various favorable policies in today's country. The sensor market is about to enter a stage of rapid development. In such a highly favorable situation, the prospects of China's sensor market are promising, becoming a sought after commodity by capital.

Great prospects: market size reaches 120 billion yuan

Looking back at the Chinese sensor industry, although it has developed rapidly, there are also some unfavorable factors. In terms of product technology, the industry foundation is weak, technology is disconnected from production, the level of product technology is low, the variety of products is lacking, and the company's product research and development capabilities are weak. However, the country continues to formulate strategies and policies that are conducive to the development of the sensor industry, and the rapid development of the whole machine system market throughout the year, as well as the continuous promotion of emerging technologies, have also become favorable factors for the development of the sensor network.

According to China's 12th Five Year Plan for Electronic Components, an investment of 500 billion yuan will be made during the 12th Five Year Plan period, mainly focused on the research and industrialization of new electronic components. The next five years will be a period of steady and rapid development for the Chinese sensor market. With an annual growth rate of over 30%, the size of the Chinese sensor market is expected to reach over 120 billion yuan in 2014. According to Luo Baihui, Chief Researcher of the Internet of Things.

At present, from the perspective of the entire gas sensor field, although the technology has high stability, the threshold is very low. The future direction of progress can only be high-precision and cutting-edge. The development of the Internet of Things will greatly promote the development of the sensor field, which will have great applications in energy, intelligent perception, security monitoring, environmental protection and other fields. It is expected that by 2020, the scale of the gas sensor industry will reach over 60 billion yuan, with a localization rate of over 70%.

In addition, the 12th Five Year Plan for the Internet of Things released by the country also mentions the development of micro and intelligent sensors, wireless sensor networks, and other key projects. Sensors also have new applications in other fields, such as industrial control, environmental protection, facility agriculture, multimedia imaging, and other applications related to sensors.

Respect Intelligence: Smart Grid Becomes the Largest User of Sensors

Whenever sensors are mentioned, many electronics industry professionals involuntarily associate them with intelligence, as sensors have always been revered for their intelligence. For example, the presence of sensors can already be seen in the field of smart grids, and smart grids are expected to become the largest user of sensors.

Intelligent sensors are sensors with information processing functions, equipped with microprocessors, and have the ability to collect, process, and exchange information. They are the product of the integration of sensors and microprocessors. Smart grid, like many smart systems, is not a standalone entity, but a product of the collective action of numerous equipment and technologies. The majority of the cost required to establish a smart grid is spent on the terminal power distribution system and the terminal information system of the smart grid on power facilities, as well as the construction of network security software and hardware. A large part of the investment will be in sensor networks, directly driving the sensor market. At the same time, in order to meet the construction needs of smart grids, sensors are also developing towards intelligence, systematization, networking, and digitization.

The connection between smart grids and sensors is an inevitable global trend. According to the latest report from industry analysis firm NanoMarket, the global smart grid sensor market is expected to grow from $26.4 billion (approximately RMB 162.44 billion) in 2014 to $36.5 billion (approximately RMB 224.58 billion) in 2019, and nearly $46.8 billion (approximately RMB 288 billion) in 2021. It can be seen that sensors will play an important role in the smart grid.

-------From China Sensor Network