IDTechEx forecasts that the global sensor market will reach $250B in annual revenue by 2036, as global mega-trends in AI, future mobility, wearables, edge computing, and automation drive renewed growth opportunities. Next generation sensor technology innovations in quantum sensors, ADAS sensors, image sensors, MEMS, photonic integrated circuits, and printed sensor markets will be key to realizing the highest growth opportunities over the next decade.

Despite a year of critical material supply disruptions, technology mega-trends in decarbonization, electrification, automation and AI continue to fuel demand for high-performance rare earth magnets. IDTechEx forecasts that rare earth magnet demand will reach 332 ktpa by 2036 and breaks down usage and adoption trends in electric vehicles, wind turbines, and robotics growth markets.