(OFweek) – China’s Ministry of Industry and Information Technology
released the first white paper for sensors on October 22. The white
paper shows that China’s domestic sensor market has been continuously
rapidly developing in recent years with an average growth rate of over
20% and it is expected to expand quickly. However, the overall
technology level is comparatively low and the high-end products are
heavily relying on import.
The white paper indicates that the
growth rate of China’s domestic sensor market had exceeded 20% from 2009
to 2013 and the market scale in 2014 is expected to surpass RMB 86
billion. China’s sensor market is estimated to develop rapidly and
stably in next five years with the average sales growth rate to reach
over 30%.
Four major application fields of China’s domestic sensor
in 2013 were industry, automotive electronics products, communication
electronics products, consumer electronics dedicated equipment. The
industrial and automotive electronics account for about 42% of the total
sensor market shares while automotive electronics and communication
electronics application are the fastest growing markets.
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Source: http://en.ofweek.com/news/China-s-first-white-paper-for-sensor-is-released-to-show-rapid-growth-of-sensor-market-20245
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