From 2012 to 2021, China's industrial added value increased from 20.9 trillion yuan to 37.3 trillion yuan, and the average annual growth rate of industrial added value was 6.3% at constant prices, much higher than the average annual growth rate of about 2% in the global industrial added value in the same period. The added value of the manufacturing industry increased from 16.98 trillion yuan to 31.4 trillion yuan, and its global share increased from 22.5% to nearly 30%.

The Internet of Everything and the rapid increase of industrial added value are inseparable from the support of powerful sensors. In the information age, sensors are widely used in industrial production, marine exploration, environmental protection, resource investigation, medical diagnosis and other fields. By 2025, the economic benefits brought by the Internet of Things will be between 2.7 trillion and 6.2 trillion US dollars, of which sensors, as the most important data collection entrance of the Internet of Things technology, will usher in a broad space for development.

China's manufacturing power strategy is also inseparable from the support of powerful sensors! According to data from the China Academy of Information and Communications Technology, the scale of China's sensor market has maintained rapid growth in recent years, and China's sensor market will continue to grow in 2019, with the overall market size reaching 218.88 billion yuan, a year-on-year increase of 12.7%. In 2021, the market size will reach 295.18 billion yuan, with a growth rate of 17.6%.

Figure: Market size of China's sensor industry from 2016 to 2021