The Global Smart Sensors Market is valued at USD 4.84 billion in 2016 and is expected to reach a value of USD 17.79 billion by the end of 2022, growing at a projected CAGR of 24.22 % during the forecast period of 2017 –2022. Smart sensors have become an integral part of our daily lives; we interact with several sensors even while performing mundane daily tasks. They are either integrated into other products for providing sensory information or offered as end products in the form of pressure and heart rate sensors. The smart sensor market is highly dynamic. The smart sensor technology is no longer in its infancy; it has been greatly aided by advancements to gain a wider adoption in several application segments. Industrial, healthcare and automotive sectors have attained maturity in this market.
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The major drivers for growth in this market are technological advancements in MEMS and high demand for smart sensors in the healthcare industry. The rate of adoption for smart sensors in the healthcare sector has a marked rise owing to performance and reliability improvements. Smart sensors are widely deployed in health monitoring, medical diagnostics and biomedical applications. Conversely, high costs of acquisition coupled with complex design and customization issues may impede the rate of growth in this market.
Smart sensors can be segmented by Type (flow, temperature, pressure, touch, and position), Technology (MEMS and Optical Spectrometry), component (Analog to Digital, Digital to Analog), application (Aerospace & Defense, Technology & Automation, Healthcare, Building Automation, Industrial Automation and Consumer Electronics) and by region (North America, Europe, APAC, Middle East & Africa and Latin America.
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Abb Ltd, Airmar Technology Corporation, Beanair, NXP Semiconductors, GIRA Giersiepen GMBH & co KG, Siemens Ag, Infineon technologies AG, Vishay Intertechnology Inc, Eaton Corporation, Sensirion Ag, Honeywell are few of the key players in this market that are mentioned in the report.
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What the report offers
Market Definition for Smart Sensors along with identification of key drivers and restraints for the market.
Market analysis for the Smart Sensors Market, with region specific assessments and competition analysis on a global and regional scale.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
Identification and analysis of the Macro and Micro factors that affect the smart sensors market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Table of Content:
1.1 Study Deliverables
1.2 Study Assumption
1.3 Market Definition
1.4 Key Findings
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Trend of Miniaturization in Electronics
4.2.2 Increasing Demand for Consumer Electronic goods
4.2.3 Growing Concern for Security & Surveillance
4.2.4 Growing applications in automotive and healthcare sectors
4.2.5 Technological advances in wireless technologies
4.3 Market Restraints
4.3.1 Complex Structure compared to that of Traditional Sensors
4.3.2 High acquisition and deployment costs
4.3.3 Physical and Economic Limits to Sensor Element Integration
4.4 Industry Value Chain Analysis
4.5 Industry Attractiveness – Porter’s Five Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Consumers
4.5.3 Threat From New Entrants
4.5.4 Threat From Substitute Products
4.5.5 Competitive Rivalry Within the Industry
5. Technology Snapshot
6. Global Smart Sensors Market Segmentation
6.1 By Type
6.1.1 Flow Sensors
6.1.2 Image Sensors
6.1.3 Temperature and Humidity Sensors
126.96.36.199 IR sensors
188.8.131.52 Capacitive Humidity Sensors
184.108.40.206 Resistive Humidity Sensors
6.1.4 Pressure Sensors
220.127.116.11 Piezoresistive Pressure Sensors
18.104.22.168 Capacitive Pressure Sensors
22.214.171.124 Optical Pressure Sensors
126.96.36.199 Electromagnetic Pressure Sensors
188.8.131.52 Resonant Solid State Pressure Sensors
6.1.5 Touch Sensors
184.108.40.206 Resistive Sensors
220.127.116.11 Capacitive Sensors
6.1.6 Position Sensors
18.104.22.168 Linear Position Sensors
22.214.171.124 Rotary Position Sensors
126.96.36.199 Proximity Sensors
6.1.7 Motion and Occupancy Sensors
188.8.131.52 Smart Motion Sensors
184.108.40.206 Motion Embeded Sensors (Accelerometers, Gyroscopes, Magnetometers)
220.127.116.11 Intelligent Occupancy Sensors (IOSs)
18.104.22.168 Image Processing Occupancy Sensors (IPOSs)
6.1.8 Light Sensors
22.214.171.124 Analog Light Sensors
126.96.36.199 Digital Light Sensors
6.1.9 Water Sensors
7. Vendor Market Share
8. Key Vendor Profiles
8.1 ABB Group
8.2 Airmar Technology Corporation
8.4 Eaton Corporation
8.5 NXP Semiconductor
8.6 Honeywell International Inc.
8.7 Infineon Technologies AG
8.8 Siemens AG
8.10 Emerson Electric Company
8.11 General Electric
8.12 Sensirion AG
8.13 Analog Devices, Inc.
8.14 Atmel Corporation
8.15 TE Connectivity Ltd.
9. Investment Outlook
10. Future of Smart Sensors Market
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