Navigant: Advanced sensor shipments to increase from 1.8M units in 2013 to 28.4M in 2020

By: InnovatioNews Monday December 16, 2013 0 comments Tags: Boulder, Eric Woods, Navigant Research, smart buildings

Navigant logoBOULDER - A new class of advanced sensors allowing buildings to better anticipate and respond to changing conditions will result in sensor shipments for smart buildings growing from 1.8 million units this year to 28.4 million by 2020, according to a report by Navigant Research.

Annual revenue for the devices will reach nearly $3.7 billion by 2020, the study said.

"For a building to be truly considered smart, it must be able to automate the operation of its various subsystems with minimal human interference," said Eric Woods, Navigant's research director.

"Although this is still a nascent market, sensor technology has advanced rapidly, and companies such as Melexis, ULIS and Panasonic have brought sophisticated products to market to meet rapidly growing demand in the coming years."

New sensing technologies that draw little power are making it possible to deploy sensors deeper into buildings than ever before, the report said.

A free executive summary of the report, "Advanced Sensors for Smart Buildings," is available for download on the Navigant Research website.

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