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Global advanced sensor revenue is expected to hit $3.2 billion by 2024

Advanced sensors are becoming crucial to the platform approach of smart buildings 

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Advanced sensors will provide real-time data that fine-tunes operations
Advanced sensors will provide real-time data that fine-tunes operations

The next decade will see significant growth in the advanced sensor market according to a recent report from Navigant Research.


Intelligent building solutions will gain deeper market penetration across customer segments and geographies. Advanced sensing will be critical to deliver the insights and optimisation of an intelligent building because sensors generate and communicate the necessary detailed equipment and operational data.


It is forecast that by 2024 global advanced sensor revenue is expected to total $3.2 billion.


Advanced Sensors for Intelligent Buildings, analyses the global market for advanced sensors in six key areas: 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. 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.


Casey Talon, principal research analyst with Navigant Research said: “Advanced sensors are becoming vital elements of the platform approach of intelligent buildings.


“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.”


According to the report as the intelligent buildings market continues to evolve, the advanced sensor market will also shift. In the long term, advanced sensors will be expected to provide real-time data that fine-tunes operations to meet comfort, but also to support occupant productivity with convenience.


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