Advanced Sensor Revenue to Total $3.2 Billion in 2024
These sensors are a crucial component of the growing intelligent buildings market
BOULDER, Colo. — The advanced sensor market is poised for significant growth in the next decade as intelligent building solutions gain deeper market penetration across customer segments and geographies, notes Navigant Research. Advanced sensing is critical to deliver the insights and optimization of an intelligent building because sensors generate and communicate the necessary detailed equipment and operational data. According to a report from the research firm, global advanced sensor revenue is forecast to total $3.2 billion in 2024.
“Advanced sensors are becoming vital elements of the platform approach of intelligent buildings,” said Casey Talon, principal research analyst with Navigant Research. “The objective of this approach is to utilize granular information from advanced sensors, to create better information through analytics and services, and to help facilities improve performance.”
As the intelligent buildings market continues to evolve, the advanced sensor market will also shift, according to the report. In the long term, advanced sensors are expected to provide real-time data that fine-tunes operations to meet comfort, but also to support occupant productivity with convenience.
The report, Advanced Sensors for Intelligent Buildings, analyzes the global market for advanced sensors in six key segments: occupancy, photo, CO2, humidity, temperature, and multifunctional sensors. The report also examines the key technologies related to the broader intelligent buildings market, as well as the competitive landscape.
An executive summary of the report is available here.
Publication date: 9/29/2016