Smart Sensor Market Expected To Witness High Growth In The Coming Years

9 March 2018 | A smart sensor is a gadget that gets input from the surrounding and utilized compute resources that are built-in to execute functions that are predefined upon recognition of precise input and then process information prior to passing it on.
Growth Factors
The rise in demands of automobiles and consumer electronics is the crucial factor that is propelling the development of the global market. In addition to this, increasing utilization of smart sensors in computer devices and smartphones is escalating the growth of the global market. Furthermore, the rising demand for the sensor in defense, logistic, and healthcare is also fueling the global smart sensor market growth. In addition to this, energy saving functions of smart sensors are also escalating the growth of the global market.

On the other hand, high complexity of smart sensors is hindering the global smart sensor market growth.

Segmentation
On the basis of type, the global smart sensor market is mainly classified as temperature & humidity sensors, pressure sensors, image sensors, flow sensors, turbidity sensors, touch sensors, soil moisture sensors, PH sensors, dissolved oxygen sensors, level sensors, position sensors, motion & occupancy sensors, ultrasonic sensors, light sensors, gesture sensors, electrical conductivity sensors, magnetic field sensors, radar sensors, UV index sensors, chemical sensors, oxidation reduction potential sensors, and others.

Based on technology, the global market is bifurcated into CMOS-based smart sensors, MEMS-based smart sensors, microsystem technology, optical spectroscopy, IC-compatible 3D micro-structuring, integrated smart sensors, and others.

On the basis of the component, the global smart sensor market is mainly divided as digital to analog converters, transceivers, analog to digital converters, microcontrollers, amplifiers, transistors, microprocessors, frequency-to-digital converters, transducers, and others.

Based on network connectivity, the global market is segmented into wired and wireless.

On the basis of end user industry, the global smart sensor market is mainly divided as biomedical & healthcare, industrial automation, communication & IT, consumer electronics, gaming consoles, smart TVs, air conditioners, digital and still cameras, robot vacuum cleaners, washing machines, microwave ovens, refrigerators, smart watch, dishwashers, eyewear, fitness band, bodywear, footwear, access control, building automation, security & surveillance, radio frequency identification, heating, lighting source, air conditioning, ventilation, aerospace & defense, automotive, robotics, education, transportation system, agriculture, and others.

Regional Analysis
The rise in demands of automobiles and consumer electronics is escalating the global market specifically in North America. Increasing utilization of smart sensors in computer devices and smartphones is boosting the global market in Asia Pacific. The rising demand for the sensor in defense, logistic, and healthcare has lowered the global market mainly in Europe. Also, energy saving functions of smart sensors is also driving the global market in the Middle East and Africa.

Competitive Players
Some of the key players in the global market for the smart sensor are Analog Devices, ABB Ltd., Emerson Process Management, Eaton Corp, NXP Semiconductors N.V., Infineon Technologies AG, Siemens AG, Renesas Electronics, Yokogawa Electric Corp, STMicroelectronics N.V., and others.

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