A report by NanoMarkets is predicting world wide smart grid sensor market to almost double by 2021. NanoMarkets expects advanced metering infrastructure (AMI) applications to account for the vast majority of the market throughout the forecasting period to 2021. They are expecting the market value of the different sensors to fluctuate over the same period.
The adaptation of regular Sensor technology for home healthcare is predicted to accelerate in growth over the next five years; this is according to research published by ResearchandMarkets. According the paper, sensor technology previously used in non-medical fields are now being adapted to improve healthcare services provided to the elderly and others in their homes.