In an era defined by incredible technological leaps, there’s something truly awe-inspiring about the journey of sensor technology. From humble beginnings as essential devices detecting simple environmental changes, sensors have evolved into sophisticated instruments that permeate every aspect of our lives. Sensors, with their uncanny ability to gather data with surgical precision, now offer insights that were once the stuff of dreams.
As per Allied Market Research, the global sensor market exhibited remarkable growth, reaching a valuation of $166.69 billion in 2019. Projections indicate a continued upward trajectory, with expectations to soar to $345.77 billion by 2028. This growth translates to an impressive compound annual growth rate (CAGR) of 8.9 percent from 2021 to 2028. The driving force behind this staggering growth can be traced to the escalating adoption of temperature and proximity sensors, particularly in portable and advanced healthcare devices.
One of the most noteworthy areas where sensor technology has made an indelible mark is healthcare. Wearable sensors, for instance, have become instrumental in monitoring vital signs, tracking physical activity, and even detecting early signs of medical conditions.
But wait, there’s more! Smart sensors embedded in agricultural fields optimize irrigation, ensuring that water is used efficiently. Similarly, in urban planning, sensors contribute to creating smarter cities by collecting data on air quality, traffic patterns, and energy consumption. The Internet of Things (IoT) has catalyzed a new era where devices communicate seamlessly, driven by sensor data.
In this edition of Applied Technology Review APAC, let’s dive into the heart of sensor tech together. We’re not just skimming the surface; we’re delving into the latest tech waves and how companies are riding them to offer services that are a cut above. Our guides on this adventure are industry virtuosos, including Ravi Gerald-Vishwanath, Global Director: Analytics, AI / ML, Automation at Kerry, and Kain Chow, Head of Technology Strategy and Planning at New World Development.
Our treasure map leads us to the top sensor solutions providers in APAC for 2023, connecting you with the perfect partner to meet your business needs.
This isn’t just a monologue; we’re throwing the floor open. We’re all ears!
