Smart Sensor Market - By Product, By Technology, By Network, By Application, Forecast 2023

Description

List of Tables

Smart sensor market size is slated to record over 15.7% CAGR from 2023 to 2032, owing to the increasing integration of Internet of Things (IoT) technologies across various industries along with the dire need to enable data collection and communication. Smart sensors play a crucial role in enhancing automation, efficiency, and connectivity in applications, such as smart homes, healthcare, automotive, and industrial settings.

The rising advancements in sensor technologies, including miniaturization, improved sensitivity, and energy efficiency is driving product innovations. For instance, in September 2023, Infineon Technologies launched the Xensiv SP49 tyre pressure monitoring sensor for offering intelligent tire functions like auto-position sensing, inflation aid, and detection of tire blowouts and loads. The rising adoption of smart devices and wearables is further fueling the demand for sensors capable of monitoring and transmitting real-time data. The growing emphasis on smart cities and the need for environmental monitoring solutions will also drive the deployment of smart sensors for sustainable urban development.

The market is segregated into product, technology, network, application, and region.

Based on product, the pressure smart sensors market is projected to depict over 14% CAGR during 2023-2032. The growth can be attributed to the rising demand for pressure monitoring in various industries along with the higher advancements in sensor technologies for improved accuracy. The increasing integration of pressure sensors in applications, such as automotive, healthcare, and industrial automation will also boost the segment growth.

Smart sensor market share from the wireless network segment is projected to rise at over 15% CAGR from 2023 to 2032. This is due to the increasing demand for seamless connectivity, the proliferation of IoT devices, and the higher adoption of wireless communication protocols. The deployment of smart sensors to promote connectivity and real-time data transmission will also add to the segment expansion.

Regionally, the North America smart sensor industry is projected to depict over 14% CAGR during the analysis period. The growth can be ascribed to the increased adoption of IoT technologies and the rising demand for automation and connectivity. The increasing advancements in sensor technologies and the expanding application scope in industries like automotive, healthcare, and consumer electronics will also fuel the regional market expansion.

Product Code: 678

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation.
1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources.
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Smart sensor market 360 degree synopsis, 2018 - 2032
2.2 Business trends
- 2.2.1 Total addressable market (TAM)
2.3 Regional trends
2.4 Product trends
2.5 Technology trends
2.6 Network trends
2.7 Application trends

Chapter 3 Smart Sensor Market Insights

3.1 Impact on COVID-19
3.2 Russia- Ukraine war impact
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
3.9 Regulatory landscape
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Surging demand for smart wearables in the healthcare sector
  - 3.10.1.2 Rising electrification in automobiles
  - 3.10.1.3 Growing investments in the oil & gas industry
  - 3.10.1.4 Rising trend of industrial automation and Industry 4.0
  - 3.10.1.5 Propelling demand for advanced security systems in smart homes
- 3.10.2 Industry pitfalls & challenges
  - 3.10.2.1 Low Availability of raw materials for smart sensors
  - 3.10.2.2 High maintenance cost of smart sensors
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 Infineon Technologies AG
- 4.3.2 TDK InvenSense
- 4.3.3 TE Connectivity
- 4.3.4 STMicroelectronics
- 4.3.5 Robert Bosch Gmbh
- 4.3.6 Emerson Electric Co.
- 4.3.7 NXP Semiconductors N.V
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 Smart Sensor Market Estimates and Forecast, By Product (USD Millions and units)

5.1 Key trends, by product
5.2 Temperature Sensor
5.3 Pressure Sensors
5.4 Touch Sensors (Includes Force Sensors)
5.5 Position Sensor
5.6 Motion Sensors
5.7 Image Sensors
5.8 Flow Sensors
5.9 Level Sensors
5.10 Gas Sensors
5.11 Humidity Sensors

Chapter 6 Smart Sensor Market Estimates and Forecast, By Technology (USD Millions and units)

6.1 Key trends, by technology
6.2 MEMS Technology
6.3 CMOS Technology
6.4 Others

Chapter 7 Smart Sensor Market Estimates and Forecast, By Network (USD Millions and units)

7.1 Key trends, by network
7.2 Wired
7.3 Wireless

Chapter 8 Smart Sensor Market Estimates and Forecast, By Application (USD Millions and units)

8.1 Key trends, by application
8.2 Commercial/Industrial Building
8.3 Residential building/Smart home
8.4 Consumer electronics
8.5 Automotive
8.6 Oil & gas
8.7 Aerospace & defense
8.8 Others

Chapter 9 Smart Sensor Market Estimates and Forecast, By Region (USD Million and units)

9.1 Key trends, by region
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Russia
- 9.3.6 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Thailand
- 9.4.6 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
9.6 MEA
- 9.6.1 GCC
- 9.6.2 South Africa
- 9.6.3 Rest of MEA

Chapter 10 Company Profiles

10.1 ABB Ltd.
10.2 Analog Devices Inc.
10.3 Eaton Corporation
10.4 Emerson Electric Company
10.5 General Electric
10.6 Honeywell International Inc.
10.7 Infineon Technologies AG
10.8 Legrand
10.9 Microchip Technologies Inc.
10.10 NXP Semiconductor N.V
10.11 Robert Bosch
10.12 Smart Sensors Inc.
10.13 STMicroelectronics
10.14 TE Connectivity
10.15 TDK InvenSense