- The global market for UV disinfection equipment should grow from $2.1 billion in 2018 to $4.4 billion by 2023 at a compound annual growth rate (CAGR) of 16.2% from 2018 to 2023.
- The global market for portable gas detectors should grow from $1.3 billion in 2018 to $1.6 billion by 2023 at a CAGR of 4.3% from 2018 to 2023.
- The global market for remote sensing should grow from $11.3 billion in 2018 to $18.9 billion by 2023 at a CAGR of 10.7% from 2018 to 2023.
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Instrumentation and sensor devices are the backbone of technology industry. Internet of things (IoT), industrial internet of things, smart cities and smart buildings are current technological buzzwords. These technologies have one thing in common, they are dependent on instruments and sensors. The fusion of different instrumentation and sensor devices is necessary to attain desired outcomes, making this industry a major area for future development of various aspects of daily life.
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The use of sensors has expanded beyond the traditional fields of temperature, pressure and flow measurement. The technological advances and the use of micromachining and microelectromechanical systems (MEMS) technologies in microsensors are allowing manufacturers to use more sensors and in turn increasing number of sensors on a microscopic scale. In most cases, microsensors can reach significantly higher speeds and sensitivity compared with macroscopic sensors.
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