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Sensors are electronic components used to detect & respond to environmental changes through light, heat, motion, pressure, vibration, humidity, and other phenomena. Control systems are designed to manage, direct, and regulate the functions of electronic devices. These systems are integrated with numerous electronic devices used in airplanes, automobiles, manufacturing equipment, industrial robots, medical devices, smart home appliances, etc. The increasing demand for highly efficient, low-cost, and compact sensors has prompted developers & manufacturers to create a concise regulatory and commercialization strategic plan. This will further create growth opportunities for sensors and control systems in the coming years.
The proliferation of electronic devices, such as digital cameras, highly advanced smartphones, LiDAR, and radar systems, has increased the integration of Complementary Metal Oxide Semiconductor (CMOS) sensor technology. The growing demand for miniaturization technology and the need to integrate multiple sensors into a single compact electronic device will also drive market growth. The wide use of 5G and IoT technologies in automobiles & consumer electronics is encouraging market participants to invest more in technology research & development activities. Additionally, the growing global adoption of digitalization and automation technologies will further drive market expansion.
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