The research report “Smart
Sensor Market
Size By Product (Temperature & Humidity, Pressure, Motion, Position, Flow,
Image, Touch), By Technology (MEMS, CMOS), By Network (Wireless, Wired), By
Application (Commercial/Industrial [Retail, Education, Healthcare,
Manufacturing, Hospitality], Residential/Smart Homes [Home Security, Energy
Management & Climate Control, Lighting, Window & Appliance Control,
Audio-Visual & Entertainment, Assisted Living], Consumer Electronics,
Automotive, Oil & Gas, Aerospace & Defense), Industry Analysis Report,
Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, China,
India, Japan, South Korea, Taiwan, Brazil, Mexico, Saudi Arabia, UAE, South
Africa), Growth Potential, Price Trends, Competitive Market Share &
Forecast, 2016 – 2024”, by Global Market
Insights, Inc. says Smart Sensor Market size is set to
exceed USD 80 billion by 2024; driven by rising security risks leading to high demand
for advanced smart sensors.
Growing demand for smart electronics &
wearable devices in the consumer electronics space is a major factor driving
the smart sensor market across the globe. The mounting investments and
reductions in development costs for speed & accuracy will be achieved in
the coming years through measurement methods with innovative manufacturing
technologies, high-tech signal processing methods and high performance. For
instance, Notch, a wearable motion tracker app for rebuilding of body and
motion structure helps increase performance, enhance movement techniques and
reduces injury risks. The app allows movements which are captured by using
wireless sensors and are linked to the smartphones.
Technological advancements since the last few
years have led to substantial miniaturization in sensors, making them
cost-effective, compatible and efficient, which is anticipated to fuel the
smart sensor market growth. The growing implementation of MEMS technology has
led to extensive usage in several industries such as aviation, automotive,
consumer electronics, and healthcare. Several participants are focusing on
environmental safety on account of the rising demand for eco-friendly
protection, which is expected to boost the smart sensor market size.
High demand for smart wearable devices and IoT is
contributing towards the growth of MEMS technology. The commoditization of the
technology is projected to ensure increased usage in other industries such as
automotive, industrial, medical, semiconductor and telecommunication.
Technological advancements in MEMS technology such as sensor fusion is
anticipated to propel the smart sensor market size over the forecast timeframe.
The automotive smart sensor market share is predicted
to grow considerably over the next few years. Automatic climate control in
vehicles is achieved by using smart sensors which help control the cooling
systems and improve passenger comfort. In addition, the products are
incorporated within the air-conditioned seats to control humidity and
temperature and help reduce the overall energy consumption in the vehicles.
North America dominates the smart sensor market owing
to the increasing demand for IoT and smart homes in the U.S. and the presence
of major industry players in the region. The APAC smart sensor market is
primarily driven by India, Japan and China, mainly due to the developing
infrastructure and government initiatives to support projects such as smart
cities and homes. India serves as the manufacturing base for various consumer
electronics and automotive verticals which will further surge the regional
industry demand.
Smart sensor market players include ABB Group Ltd.,
Analog Devices, Inc., Atmel Corporation Eaton Corporation PLC, Emerson Electric
Company, General Electric, Honeywell International, Inc., Infineon Technologies
AG, InvenSense, Inc., Legrand S.A., NXP Semiconductors N.V., Robert Bosch AG,
Sensirion AG, Smart Sensors, Inc. and TE Connectivity Ltd.
Companies in the smart sensor market are entering
numerous partnerships and agreements such as plant manufacturing partnerships
and sales & supply agreements to provide their consumers in an improved
manner. In 2016, Analog Devices Inc., announced that the company has signed an
agreement with LifeQ for health management applications to improve efficiency
of body monitoring devices.
Browse key industry insights spread
across 640 pages with 1041 market data tables & 11 figures & charts
from this 2017 report Smart Sensor
Market in detail along with the table of contents:
Smart sensor
market research report includes in-depth coverage of the industry with
estimates & forecast in terms of volume (Unit shipments) and revenue (USD)
from 2013 to 2024, for the following segments:
Smart Sensor
Market By Product
- Temperature & humidity
sensors
- Pressure sensors
- Touch sensors
- Position sensors
- Motion sensors
- Image sensors
- Flow sensors
- Others
Smart Sensor
Market By Technology
- MEMS technology
- CMOS technology
Smart Sensor
Market By Network
- Wired
- Wireless
Smart Sensor
Market By Application
- Commercial/Industrial building
- Retail
- Education
- Healthcare
- Manufacturing
- Hospitality
- Residential building/Smart home
- Home
security
- Energy
management and climate control systems
- Lighting,
window & appliance control systems
- Audio-visual
& entertainment systems
- Assisted
living
- Consumer electronics
- Automotive
- Oil & gas
- Aerospace & defense
The above
information is provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- South
Korea
- Taiwan
- Latin America
- Brazil
- Mexico
- Middle East
- Saudi
Arabia
- UAE
- South Africa
About Global Market Insights
Global Market
Insights, Inc., headquartered in Delaware, U.S., is a global market research
and consulting service provider; offering syndicated and custom research
reports along with growth consulting services. Our business intelligence and
industry research reports offer clients with penetrative insights and
actionable market data specially designed and presented to aid strategic
decision making. These exhaustive reports are designed via a proprietary
research methodology and are available for key industries such as chemicals,
advanced materials, technology, renewable energy and biotechnology.
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