Global Sensor Development Kit Market Overview:
Sensor development kits are small boards that are generally produced by integrated circuit device manufacturers to allow engineers to evaluate the performance of sensors they manufacture. Sensor development kits are also used to increase the development of products by enabling rapid prototyping of design. Sometimes sensor development kits are developed by third-party manufacturers and are specially designed to inter-operate with popular microprocessor kits. Usually, sensor development kits include a PCB that has a sensor device onboard. Development kits are available for various sensors including accelerometers, gyroscopes, temperature sensors, and pressure sensors. The development kit may or may not include a power supply and USB cable. With the increasing demand for sensor manufacturing, the demand for sensor development kits is also increasing.
Growth Drivers
- Increasing Demand for Sensors to Accelerate Processes and Make Them More Accurate
- Growing Production of More Number of IoT Devices
Market Trends
- Growing Demand of Sensors Development Kit for Asset Tracking Sensors
- Emerging AR Technology in the Market
Roadblocks
Opportunities
- Increasing Automation of Industrial Processes Will Boost the Demand of Sensor Development Kit
Challenges
- Rapid Changes in The Sensor Technology
- Lack of Skilled Labour
Competitive Landscape:
With the increasing use of sensors in the manufacturing industry; the demand for sensor development kits is increasing. Although the market is fragmented; the market has leading firms operating in the space that leads in volume as well as innovation. This market requires high expertise to operate and also required high R&D to keep up with the competition.
Some of the key players profiled in the report are CambridgeIC (United Kingdom), Dialog Semiconductor (United Kingdom), Honeywell International Inc (United States), Nordic Semiconductor (Norway), NXP Semiconductors (Netherlands), PCTEL (United States), ON Semiconductor (United States), STMicroelectronics (Switzerland), TE Connectivity (Switzerland), Silicon Labs (United States) and Mouser (United States). Considering Market by Sales Channel, the sub-segment i.e. Direct will boost the Sensor Development Kit market. Considering Market by Features, the sub-segment i.e. USB Programmer will boost the Sensor Development Kit market.
In Feb 2019, ON Semiconductor announced the RSL10 sensor development kit aimed at giving engineering teams a comprehensive platform for the development of IoT applications with its high-tech smart sensor technology. According to ON Semiconductor, the kit uses the lowest power Bluetooth low energy ratio. The development kit combines a highly integrated RSL10 system in the package with a variety of advanced low power sensors to efficiently handle the development and prototyping of designs.
What Can be Explored with the Sensor Development Kit Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Sensor Development Kit Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Sensor Development Kit
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Sensor Development Kit market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Sensor Development Kit market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Sensor Development Kit Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.