PORTLAND, Oregon and PUNE, India, November 29, 2016 /PRNewswire/ -- Sensor Market Report, by Allied Market Research, forecast that the global market is expected to garner $241 billion by 2022, growing at a CAGR of 11.3%. In the year 2015, Asia-Pacific dominated the global market and contributed over 45% of the overall market, owing to improved electronics industry infrastructure and increase in demand for electronic products such as smartphones, handheld devices, PCs, laptops, and others. (Logo: http://photos.prnewswire.com/prnh/20140911/647229 ) Summary of theSensor Market Report can be accessed on the website athttps://www.alliedmarketresearch.com/sensor-market Sensor is a device that detects, measures or indicates any specific physical quantity such as light, heat, motion, moisture, pressure, or similar entities, by converting them into any other form which is mostly, electrical pulses. The demand for sensors is globally expected to rise during the forecast period due to growing trend of internet of things (IoT), advances in consumer electronic products, advancement in sensors and its increasing usage in smartphones, and robust demand in automation industry. Moreover, surge in the automotive sector and growing demand of wearable devices open opportunities in the market. However, incorporating the sensors in devices incurs extra value and reduces life of device, which acts as a restraint for the market. Sensors can be categorized based on their type and technology used to manufacture them. By the type of sensor, radar sensor dominated the market in 2015 by contributing for over 15% of overall sensor market. This was attributed by the growth in IT & telecom industry and increasing usage of remote sensing devices in defense & aerospace, civil engineering applications and forestry & agriculture across the globe. However, image sensor is estimated to witness the highest growth rate in the market, owing to its utilization in camcorders, biometrics, digital cameras, virtual keyboards, video-conferencing applications, optical mice, and many more.