The proliferation of mobile devices, the growing popularity of wearables and the advent of the connected IoT are driving expected demand for sensors into the trillions. However, to achieve the full potential of these and other products, sensors need innovations to address critical unmet needs in power consumption, sensitivity, form factor and cost, according to Lux Research.
The leading technologies to address these needs include low-power peripherals, energy harvesting, sensor packaging and new sensor types. Low-power peripherals - the non-sensor portion of the module, like the processor and communication protocols - are the most readily available and the easiest for makers of sensor devices to incorporate because they can be easily manufactured at foundries.
“Cisco has predicted 50 billion connected devices, each with multiple sensors, by 2020, but innovators will need to make drastic improvements to sensors to make this vision a reality,” said Tiffany Huang, Associate, Lux Research, and lead author of the report Identifying Key Sensor Innovations Solving Unmet Needs. "Investments are flowing into start-ups and multinational companies like Samsung, Sony, Panasonic, IBM and Ford have invested billions of dollars to drive innovations that fulfil unmet needs in sensors."
Landscape summary: innovations impact unmet needs in different ways
Lux analysts broke down the available and emerging technologies for unmet needs in sensors and found: