Global Advanced Sensor Revenue Is Expected to Total $3.2 Billion in 2024

Advanced sensors are a crucial component of the growing intelligent buildings market

A recent report from Navigant Research examines the market for advanced sensors in six key segments, with global market forecasts for revenue and shipments, broken out by segment, customer sector, and region, through 2025.

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. 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. Click to tweet: According to a recent report from @NavigantRSRCH, global advanced sensor revenue is expected to total $3.2 billion in 2024.

“Advanced sensors are becoming vital elements of the platform approach of intelligent buildings,” says 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, the advanced sensor is 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 study provides an analysis of the market issues, including business cases, opportunities, and implementation challenges, associated with advanced sensors. Global market forecasts for revenue and shipments, broken out by segment, customer sector, and region, extend through 2025. 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 for free download on the Navigant Research website.

Contact: Lindsay Funicello-Paul

+1.303.493.5477

lindsay.funicello.paul@navigant.com

* The information contained in this press release concerning the report, Advanced Sensors for Intelligent Buildingsis a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

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