The global market for vertical farming is estimated to grow from $3.7 billion in 2021 to $10.5 billion by 2026 at a compound annual growth rate of 23.4% during the forecast period of 2021-2026.

The global digital twin market is experiencing a boom in terms of growth. In fact, the market is expected to increase from $4.9 billion in 2021 at a compound annual growth rate (CAGR) of 59% during the forecast period 2021-2026.

The smart device market is seeing exponential growth, with interest and demand across the globe rising. At BCC Research, we have certainly noted a sharp uptick in the number of our members downloading titles across the smart device spectrum.

Home automation technology proceeded at a creeping, even halting pace for many years. Only recently has it begun to enter the mainstream with improvements in machine-to-machine communication. The ability to heat and cool a home efficiently, secure it with a robust system and be entertained easily inside of it and control all of this remotely, all took a giant step forward thanks to the Internet of Things and with the evolution of increasingly powerful mobile devices. 

BCC Research has been covering the Sensors industry for 50 years, and we like to keep an eye out for new advancements. Here’s some industry news we think you should know:

It’s no secret that humanoids—robots that mimic the movements, speech, appearance and behavior of humans—are here now, and more of them will follow, especially thanks to COVID19. For example, humanoids have been adopted in hospital and clinic settings to administer medication, deliver meals, check on vitals, all without infectious exposure.

What comes to mind when you hear the words “industrial revolution”? Is it the date 1784 and Cartwright’s initial mechanical loom? Is it an image of a power-driven assembly line? Or maybe it’s a bit more recent, as in the late 90s that brought with it computing and early robotics.

What will the sensors industry look like in the new decade?