Global Smart Sensors Market Analysis by Growth, segmentation, performance

Posted by nileshdbmr on January 31st, 2020

Global smart sensors market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of smart sensors market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Global Smart Sensors Market is expected to rise from its initial estimated value of USD 31.49 billion in 2018 to an estimated value of USD 120.79 billion by 2026, registering a CAGR of 18.3% in the forecast period of 2019-2026. This rise in market value can be attributed to the rising concern about safety & investigation.

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Segmentation: Global Smart Sensors Market

• By Sensor Type (Temperature & Humidity Sensors(Thermocouples, Thermistors, Resistance Temperature Detectors, IR Sensors, Other Types of Temperature Sensor), Pressure Sensors, Flow Sensors, Touch Sensors, Image Sensors, Motion & Occupancy Sensors, Water Sensors, Light Sensors, Position Sensors, Ultrasonic Sensors)
• By Technology (MEMS, CMOS, SiP, SoC, Other Technology (Optical spectroscopy, Microsystem technology (MST), Integrated smart sensors, IC-compatible 3D micro-structuring, ASIC ), Component (Analog To Digital Converters (ADCs),Digital To Analog Converters (DACs), Transceivers, Amplifiers, Microcontrollers, Others), Network Connectivity (Wired, Wireless {Bluetooth, Enocean, Wi-Fi, ZigBee, Z-Wave, and Others}), End-User (Industrial Automation, Biomedical & Healthcare, Consumer Electronics{ Communication & IT, Entertainment, Home Appliances, Wearable Electronics}, Building Automation { Access Control, Radio Frequency Identification (RFID), Security & Surveillance, Lighting Source, Heating Ventilation and Air Conditioning (HVAC), Others}, Automotive, Aerospace & Defense, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

Key Market Competitors: Global Smart Sensors Market

Few of the major competitors currently working in the smart sensors market are Siemens (Germany), GENERAL ELECTRIC (US), Sensirion AG (Switzerland), Legrand (France), Emerson Electric Co. (US), Honeywell International Inc. (US), Robert Bosch GmbH (Germany), TDK Corporation (Japan), ABB (Switzerland), NXP Semiconductors (Europe), STMicroelectronics (Switzerland), Infineon Technologies AG (Germany), TE Connectivity (Switzerland), Analog Devices, Inc. (US), Renesas Electronics Corporation (Japan), Yokogawa Electric Corporation TOP (Japan), Schneider Electric (France), Delphi Technologies (Ireland), Maxim Integrated (US), Vishay Electronic GmbH (Germany), Gira Giersiepen GmbH & Co. KG (Germany), Airmar Technology Corp. (USA), BeanAir (Germany), among others.

Smart sensors are even known as intelligent sensors, and it is a combination of sensor and interfering circuit. The smart sensors are principally utilized for digital processing, analog to digital conversion. The sensors are used in various industries which include automotive, industrial, consumer electronics, medical, security & defense and entertainment. They are also helpful in various activities that includes decision making, they also help in two-way communication and logic function.

Market Drivers:

• Smart Sensors Eases Energy Saving, act as a driver to the market.
• Growing demand of Use of Smart Sensors in Various End-User Industries, act as a driver to the market

Market Restraints:

• High Cost of Development for Smart Sensors, due to high cost it act as restraints to the market.
• More Complex Structure than Traditional Sensors, act as restraints to the market.

Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved

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