The 21st century is the golden period of rapid development of the sensor industry. With the rise of emerging industries such as industrial automation and the Internet of Things, the sensor industry market has been infinitely expanded. From the perspective of the industrial chain, the upstream of the sensor industry includes material research and development, production and sales, material processing equipment manufacturing and sales, etc.; the downstream covers automation equipment, automobiles, electronic products, the design and production of automation systems, scientific research experiments and other industries. The sensor industry plays a vital role in various new industries and is an important breakthrough point for promoting social and economic transformation. Benefiting from the progress of comprehensive technologies such as electronic technology, material technology, communication technology, computer technology and processing technology, the sensor industry has also gradually transformed from traditional products to new products such as miniaturization, integration, intelligence and digitalization. The main driving factors for the rapid development of the sensor industry are:

1. Market-driven

The market economy is the key driving factor that determines whether the sensor industry can flourish. In the fields of smart agriculture, smart industry, smart transportation, building energy saving, smart environmental protection, smart grid, health care, smart wear, etc., sensors have a broad application space. The strong market demand has stimulated more and more R&D, production and sales companies to join the sensor industry.

2. Technology-driven

In recent years, the number of institutions and investments engaged in sensor technology research and development at home and abroad has continued to increase, and sensor technology has also achieved rapid development. Various new sensors, low-cost, and high-performance sensors have been successfully developed, and the application cost of sensors will also decrease accordingly, and the effect will continue to improve, driving the sustainable development of the sensor industry.

3. Policy-driven

In recent years, various relevant policies have been introduced to provide strong support for the sensor industry. In the future, the sensor industry will face a more relaxed policy environment. With the support of national policies, the sensor industry will gradually move on to the fast track.

4. Industry integration

With the intensification of market competition, the mergers and acquisitions of the sensor industry have continued to increase, and large foreign sensor companies have formed their own technical advantages through mergers and acquisitions. In the future, the formation of leading domestic sensor companies will greatly enhance the competitiveness of the industry and promote the healthy development of the industry.