PUBLISHER: IMARC | PRODUCT CODE: 1379143
PUBLISHER: IMARC | PRODUCT CODE: 1379143
Smart Sensor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Abstract
The global smart sensor market size reached US$ 49.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 107.8 Billion by 2028, exhibiting a growth rate (CAGR) of 13.9% during 2022-2028.
A smart sensor is an electronic device used for receiving inputs from the environment and performing predefined functions through in-built computer resources. It transforms the input into measurable electrical signals, which are processed by the microcontrollers, transceivers and amplifiers to perform the required actions. Smart sensors are integrated with the internet of things (IoT) and are used for measuring temperature, mass, speed, pressure and heat. Some of the commonly available smart sensors include touch, image, temperature, motion, pressure and position sensors, which are used for configuration, verification and communication of information. They offer advanced functionalities, such as self-calibration, cloud-support and multiple sensing and computation capabilities. As a result, they are widely used across industries, such as healthcare, defense, electronics and aerospace.
Smart Sensor Market Trends:
Rapid digitization, along with the increasing requirement for industrial automation, is one of the key factors driving the growth of the market. For instance, smart sensors are widely used in automobiles for auto-braking, blind-spot detection, lane departure alerts and safety errors. Moreover, the increasing deployment of smart grids, smart cities and automated forest fire control, snow level monitoring and early earthquake detection systems, are providing a thrust to the market growth. In line with this, the widespread adoption of smart sensors in wearable devices is also contributing to the growth of the market. Various product innovations, such as the development of cost-effective and stick-on or printed sensors, are acting as other growth-inducing factors. These sensors can be attached to devices and labels to measure various physical parameters, such as humidity, temperature and gas. Other factors, including extensive research and development (R&D) activities, along with the implementation of favorable government policies promoting infrastructural development, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global smart sensor market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type and end user.
Breakup by Type:
Touch Sensor
Image Sensor
Temperature Sensor
Motion Sensor
Position Sensor
Pressure Sensor
Breakup by End User:
Automotive
Consumer Electronics
Infrastructure
Healthcare
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., Analog Devices Inc., Eaton, Honeywell International Inc., Infineon Technologies AG, NXP Semiconductors, Renesas Electronics Corporation, Robert Bosch GmbH, Siemens AG, STMicroelectronics, TDK Corporation and Texas Instruments Incorporated.
Key Questions Answered in This Report
- 1. How big is the global smart sensor market?
- 2. What is the expected growth rate of the global smart sensor market during 2023-2028?
- 3. What are the key factors driving the global smart sensor market?
- 4. What has been the impact of COVID-19 on the global smart sensor market?
- 5. What is the breakup of the global smart sensor market based on the type?
- 6. What is the breakup of the global smart sensor market based on the end user?
- 7. What are the key regions in the global smart sensor market?
- 8. Who are the key players/companies in the global smart sensor market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Smart Sensor Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Touch Sensor
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Image Sensor
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Temperature Sensor
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Motion Sensor
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Position Sensor
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Pressure Sensor
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
7 Market Breakup by End User
- 7.1 Automotive
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Consumer Electronics
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Infrastructure
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Healthcare
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 ABB Ltd.
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.1.4 SWOT Analysis
- 13.3.2 Analog Devices Inc.
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.2.3 Financials
- 13.3.2.4 SWOT Analysis
- 13.3.3 Eaton
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 Financials
- 13.3.3.4 SWOT Analysis
- 13.3.4 Honeywell International Inc.
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.4.3 Financials
- 13.3.4.4 SWOT Analysis
- 13.3.5 Infineon Technologies AG
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.5.3 Financials
- 13.3.5.4 SWOT Analysis
- 13.3.6 NXP Semiconductors
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.6.3 Financials
- 13.3.6.4 SWOT Analysis
- 13.3.7 Renesas Electronics Corporation
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.7.3 Financials
- 13.3.7.4 SWOT Analysis
- 13.3.8 Robert Bosch GmbH
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.8.3 SWOT Analysis
- 13.3.9 Siemens AG
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.9.3 Financials
- 13.3.9.4 SWOT Analysis
- 13.3.10 STMicroelectronics
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.10.3 Financials
- 13.3.10.4 SWOT Analysis
- 13.3.11 TDK Corporation
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.11.3 Financials
- 13.3.11.4 SWOT Analysis
- 13.3.12 Texas Instruments Incorporated
- 13.3.12.1 Company Overview
- 13.3.12.2 Product Portfolio
- 13.3.12.3 Financials
- 13.3.12.4 SWOT Analysis
- 13.3.1 ABB Ltd.
List of Figures
- Figure 1: Global: Smart Sensor Market: Major Drivers and Challenges
- Figure 2: Global: Smart Sensor Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Smart Sensor Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Smart Sensor Market: Breakup by Type (in %), 2022
- Figure 5: Global: Smart Sensor Market: Breakup by End User (in %), 2022
- Figure 6: Global: Smart Sensor Market: Breakup by Region (in %), 2022
- Figure 7: Global: Smart Sensor (Touch Sensor) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 8: Global: Smart Sensor (Touch Sensor) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 9: Global: Smart Sensor (Image Sensor) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Smart Sensor (Image Sensor) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Smart Sensor (Temperature Sensor) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Smart Sensor (Temperature Sensor) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Smart Sensor (Motion Sensor) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Smart Sensor (Motion Sensor) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Smart Sensor (Position Sensor) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Smart Sensor (Position Sensor) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Smart Sensor (Pressure Sensor) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Smart Sensor (Pressure Sensor) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Smart Sensor (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Smart Sensor (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Smart Sensor (Consumer Electronics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Smart Sensor (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Smart Sensor (Infrastructure) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Smart Sensor (Infrastructure) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Smart Sensor (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Smart Sensor (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Smart Sensor (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Smart Sensor (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: North America: Smart Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: North America: Smart Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: United States: Smart Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: United States: Smart Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Canada: Smart Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Canada: Smart Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Asia-Pacific: Smart Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Asia-Pacific: Smart Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: China: Smart Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: China: Smart Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Japan: Smart Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Japan: Smart Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: India: Smart Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: India: Smart Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: South Korea: Smart Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: South Korea: Smart Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Australia: Smart Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Australia: Smart Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Indonesia: Smart Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Indonesia: Smart Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Others: Smart Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Others: Smart Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Europe: Smart Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Europe: Smart Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Germany: Smart Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Germany: Smart Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: France: Smart Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: France: Smart Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: United Kingdom: Smart Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: United Kingdom: Smart Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Italy: Smart Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Italy: Smart Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Spain: Smart Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Spain: Smart Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Russia: Smart Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Russia: Smart Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Others: Smart Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Others: Smart Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Latin America: Smart Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Latin America: Smart Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Brazil: Smart Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Brazil: Smart Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Mexico: Smart Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Mexico: Smart Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Others: Smart Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Others: Smart Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Middle East and Africa: Smart Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Middle East and Africa: Smart Sensor Market: Breakup by Country (in %), 2022
- Figure 77: Middle East and Africa: Smart Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Global: Smart Sensor Industry: SWOT Analysis
- Figure 79: Global: Smart Sensor Industry: Value Chain Analysis
- Figure 80: Global: Smart Sensor Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Smart Sensor Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Smart Sensor Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Smart Sensor Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 4: Global: Smart Sensor Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 5: Global: Smart Sensor Market: Competitive Structure
- Table 6: Global: Smart Sensor Market: Key Players
