Smart Sensors Market Growth Analysis, Emerging Trends and Opportunities 2022

Posted by Akash Sangshetti on November 18th, 2019

Smart Sensors Market, By Type (Image Sensors, Smart Motion Sensors, Smart Position Sensors, Smart pressure Sensors, Smart Temperature Sensors, Touch sensors), By End-User (Automotive, Consumer Electronics, Industrial, Infrastructure, Medical) - Forecast to 2022

Market Highlights

In this changing environment, due to the increasing population, excessive use of polluting machines and large amount of wastes the environmental concerns are ever increasing. Due to the increasing population in urban areas cities are expected to face a severe resource scarcity in the near future. Therefore, to avoid the resource scarcity and to solve environmental problems there is a necessity of smart approach. The smart sensors promise to solve all the environmental problems and operate resource efficiency by its numerous solutions such as smart energy, smart building, smart transport and others.

Growing market of smart cities, deployment of smart sensors in healthcare sector and increasing environment safety concern are expected to drive the market during the forecast period 2016-2022. However, high development cost of smart sensors is the major factor hindering the market growth.

The Global Smart Sensors Market is growing rapidly over 21% of CAGR and is expected to reach at USD ~60 billion by the end of forecast period 2022.

Global Smart Sensors Market Segmentation

The global Smart Sensors Market has been segmented on the basis of end users, technology, type, and lastly, region. Based on end users, this market has been segmented into automotive, consumer electronics, industrial, infrastructure/construction, medical, and others. Sensors are used in cars, refrigerators, industrial applications, construction activities, and medical treatments.

The technology-based segmentation segments the market into complementary metal-oxide-semiconductor (CMOS), and micro-electro-mechanical systems (MEMS) among others. During the forecast period, CMOS based smart sensors are dominating the market. It is expected to generate US $ 40 bn market revenue while growing at 25.01% CAGR.

By type, this market has been segmented into image sensors, motion sensors, position sensors, pressure sensors, temperature sensors, touch sensors, and others. Smart image sensors segment is dominating the market. During the forecast period, the smart touch sensor is expected to grow with the fastest rate at 27.51 % CAGR.

Key Players

The key players in the global smart sensors market include ABB Ltd. (Switzerland), Eaton Corporation PLC (Ireland), Emerson Electric Company (USA), Honeywell International Inc. (USA), NXP Semiconductor N.V. (Netherlands), Omron Corporation (Japan), Renesas Electronics Corporation (Japan), Rockwell Automation (USA), Texas Instruments (USA), and Yokogawa Electric Corporation (Japan).

Market Research Analysis:

Regional analysis for global smart sensors market is studied in different geographic regions as Americas, Europe, Asia-Pacific and Rest of world. The study reveals that North America region would evolve as a leader in global Smart Sensors market. North America is the most technically advanced application market due to presence of prominent players, system suppliers, and large semiconductor companies. Europe is expected to be the second highest market in terms of revenue generation. Whereas, Asia-Pacific is expected to witness high growth in the forecast period and projected to grow with approximately 26% CAGR during the forecast period. Technological and industrial growth in Asian countries, such as China and Japan, is giving boost to the smart sensors market in the coming years.

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List of Tables

Table 1 Global Market, By Type, 2016-2022 (Usd Billion) 16

Table 2 Global Smart Sensors Market, 2016-2022 (Usd Billion) 17

Table 3 Global Smart Motion Sensors Market, 2016 & 2022 (Usd Billion) 18

Table 4 Global Smart Position Sensors Market, 2016 - 2022 (Usd Billion) 19

Table 5 Global Smart Pressure Sensors Market, 2016 -2022 (Usd Billion) 20

Table 6 Global Smart Temperature Sensors Market, 2016 -2022 (Usd Billion) 21

Table 7 Global Smart Touch Sensors Market, 2016 -2022 (Usd Billion) 22

Table 8 Global Smart Sensors Market, By Technology, 2016-2022 (Usd Billion) 24

Table 9 Global Cmos Based Smart Sensors Market, 2016-2022 (Usd Billion) 25

Table 10 Global Mems Based Smart Sensors Market, 2016 & 2022 (Usd Billion) 26

Table 11 Global Smart Sensors Market, By End-User, 2016-2022 (Usd Billion) 28

Table 12 Global Automotive Industry Smart Sensors Market, 2016-2022 (Usd Billion) 29

Table 13 Global Consumer Electronics Smart Sensors Market, 2016-2022 (Usd Billion) 30

Table 14 Global Industrial Smart Sensors Market, 2016-2022 (Usd Billion) 31

Table 15 Global Infrastructure/Construction Smart Sensors Market, 2016-2022 (Usd Billion) 32

Table 16 Global Medical Smart Sensors Market, 2016-2022 (Usd Billion) 33

Table 17 Global Smart Sensors Market, By Region, 2016-2022 (Usd Billion) 35

Table 18 North America Smart Sensors Market, By Countries, 2016-2022 (Usd Billion) 37

Table 19 North America Smart Sensors Market, By Type, 2016-2022 (Usd Billion) 38


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Akash Sangshetti

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Akash Sangshetti
Joined: October 1st, 2019
Articles Posted: 322

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