Global Smart Sensor Market 2024-2028

The smart sensor market is forecasted to grow by USD 51427.89 mn during 2023-2028, accelerating at a CAGR of 12.74% during the forecast period. The report on the smart sensor market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for smart temperature sensors, increasing implementation of smart sensors in various manufacturing industries, and rise in demand for smart sensors in the development of smart cities.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	12.49%
CAGR	12.74%
Incremental Value	$51427.89mn

Technavio's smart sensor market is segmented as below:

By Type

Pressure sensor
Temperature and humidity sensor
Flow sensor
Touch sensor
Others

By Application

Automotive
Industrial automation
Consumer electronics
Others

By Geography

APAC
Europe
North America
South America
Middle East and Africa

This study identifies the increase in partnership and M and A by the vendors in the market as one of the prime reasons driving the smart sensor market growth during the next few years. Also, rising demand for smart sensors by automobile manufacturers and an increase in demand for micro-electro-mechanical systems (MEMS) technology in smart sensors will lead to sizable demand in the market.

The report on the smart sensor market covers the following areas:

Smart sensor market sizing
Smart sensor market forecast
Smart sensor market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart sensor market vendors that include ABB Ltd., Airmar Technology Corp., Analog Devices Inc., Balluff GmbH, Eaton Corp. Plc, Emerson Electric Co., General Electric Co., Honeywell International Inc., Infineon Technologies AG, Legrand SA, Microchip Technology Inc., NXP Semiconductors NV, Robert Bosch GmbH, Sensirion AG, Siemens AG, STMicroelectronics International N.V., TDK Corp., Vishay Intertechnology Inc., TE Connectivity Ltd., and Texas Instruments Inc.. Also, the smart sensor market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR71661

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Type
Exhibit 06: Executive Summary - Chart on Market Segmentation by Application
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global smart sensor market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global smart sensor market 2018 - 2022 ($ million)
4.2 Type Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.3 Application Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segments
Exhibit 30: Chart on Type - Market share 2023-2028 (%)
Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
Exhibit 32: Chart on Comparison by Type
Exhibit 33: Data Table on Comparison by Type
6.3 Pressure sensor - Market size and forecast 2023-2028
Exhibit 34: Chart on Pressure sensor - Market size and forecast 2023-2028 ($ million)
Exhibit 35: Data Table on Pressure sensor - Market size and forecast 2023-2028 ($ million)
Exhibit 36: Chart on Pressure sensor - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Pressure sensor - Year-over-year growth 2023-2028 (%)
6.4 Temperature and humidity sensor - Market size and forecast 2023-2028
Exhibit 38: Chart on Temperature and humidity sensor - Market size and forecast 2023-2028 ($ million)
Exhibit 39: Data Table on Temperature and humidity sensor - Market size and forecast 2023-2028 ($ million)
Exhibit 40: Chart on Temperature and humidity sensor - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Temperature and humidity sensor - Year-over-year growth 2023-2028 (%)
6.5 Flow sensor - Market size and forecast 2023-2028
Exhibit 42: Chart on Flow sensor - Market size and forecast 2023-2028 ($ million)
Exhibit 43: Data Table on Flow sensor - Market size and forecast 2023-2028 ($ million)
Exhibit 44: Chart on Flow sensor - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Flow sensor - Year-over-year growth 2023-2028 (%)
6.6 Touch sensor - Market size and forecast 2023-2028
Exhibit 46: Chart on Touch sensor - Market size and forecast 2023-2028 ($ million)
Exhibit 47: Data Table on Touch sensor - Market size and forecast 2023-2028 ($ million)
Exhibit 48: Chart on Touch sensor - Year-over-year growth 2023-2028 (%)
Exhibit 49: Data Table on Touch sensor - Year-over-year growth 2023-2028 (%)
6.7 Others - Market size and forecast 2023-2028
Exhibit 50: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 51: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 52: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 53: Data Table on Others - Year-over-year growth 2023-2028 (%)
6.8 Market opportunity by Type
Exhibit 54: Market opportunity by Type ($ million)
Exhibit 55: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Application

7.1 Market segments
Exhibit 56: Chart on Application - Market share 2023-2028 (%)
Exhibit 57: Data Table on Application - Market share 2023-2028 (%)
7.2 Comparison by Application
Exhibit 58: Chart on Comparison by Application
Exhibit 59: Data Table on Comparison by Application
7.3 Automotive - Market size and forecast 2023-2028
Exhibit 60: Chart on Automotive - Market size and forecast 2023-2028 ($ million)
Exhibit 61: Data Table on Automotive - Market size and forecast 2023-2028 ($ million)
Exhibit 62: Chart on Automotive - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Automotive - Year-over-year growth 2023-2028 (%)
7.4 Industrial automation - Market size and forecast 2023-2028
Exhibit 64: Chart on Industrial automation - Market size and forecast 2023-2028 ($ million)
Exhibit 65: Data Table on Industrial automation - Market size and forecast 2023-2028 ($ million)
Exhibit 66: Chart on Industrial automation - Year-over-year growth 2023-2028 (%)
Exhibit 67: Data Table on Industrial automation - Year-over-year growth 2023-2028 (%)
7.5 Consumer electronics - Market size and forecast 2023-2028
Exhibit 68: Chart on Consumer electronics - Market size and forecast 2023-2028 ($ million)
Exhibit 69: Data Table on Consumer electronics - Market size and forecast 2023-2028 ($ million)
Exhibit 70: Chart on Consumer electronics - Year-over-year growth 2023-2028 (%)
Exhibit 71: Data Table on Consumer electronics - Year-over-year growth 2023-2028 (%)
7.6 Others - Market size and forecast 2023-2028
Exhibit 72: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 73: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 74: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 75: Data Table on Others - Year-over-year growth 2023-2028 (%)
7.7 Market opportunity by Application
Exhibit 76: Market opportunity by Application ($ million)
Exhibit 77: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 78: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 79: Chart on Market share by geography 2023-2028 (%)
Exhibit 80: Data Table on Market share by geography 2023-2028 (%)
9.2 Geographic comparison
Exhibit 81: Chart on Geographic comparison
Exhibit 82: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
Exhibit 83: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 84: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 85: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 87: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 88: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 89: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 North America - Market size and forecast 2023-2028
Exhibit 91: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 92: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 93: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 95: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 96: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 97: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 99: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 100: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 101: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
Exhibit 103: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibit 104: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibit 105: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 US - Market size and forecast 2023-2028
Exhibit 107: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibit 108: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibit 109: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on US - Year-over-year growth 2023-2028 (%)
9.10 Germany - Market size and forecast 2023-2028
Exhibit 111: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 112: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 113: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 114: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.11 France - Market size and forecast 2023-2028
Exhibit 115: Chart on France - Market size and forecast 2023-2028 ($ million)
Exhibit 116: Data Table on France - Market size and forecast 2023-2028 ($ million)
Exhibit 117: Chart on France - Year-over-year growth 2023-2028 (%)
Exhibit 118: Data Table on France - Year-over-year growth 2023-2028 (%)
9.12 Japan - Market size and forecast 2023-2028
Exhibit 119: Chart on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 120: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 121: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 122: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity by geography
Exhibit 123: Market opportunity by geography ($ million)
Exhibit 124: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 125: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 126: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 127: Overview on factors of disruption
11.4 Industry risks
Exhibit 128: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 129: Vendors covered
12.2 Market positioning of vendors
Exhibit 130: Matrix on vendor position and classification
12.3 ABB Ltd.
Exhibit 131: ABB Ltd. - Overview
Exhibit 132: ABB Ltd. - Business segments
Exhibit 133: ABB Ltd. - Key news
Exhibit 134: ABB Ltd. - Key offerings
Exhibit 135: ABB Ltd. - Segment focus
12.4 Analog Devices Inc.
Exhibit 136: Analog Devices Inc. - Overview
Exhibit 137: Analog Devices Inc. - Business segments
Exhibit 138: Analog Devices Inc. - Key news
Exhibit 139: Analog Devices Inc. - Key offerings
Exhibit 140: Analog Devices Inc. - Segment focus
12.5 Eaton Corp. Plc
Exhibit 141: Eaton Corp. Plc - Overview
Exhibit 142: Eaton Corp. Plc - Business segments
Exhibit 143: Eaton Corp. Plc - Key news
Exhibit 144: Eaton Corp. Plc - Key offerings
Exhibit 145: Eaton Corp. Plc - Segment focus
12.6 Emerson Electric Co.
Exhibit 146: Emerson Electric Co. - Overview
Exhibit 147: Emerson Electric Co. - Business segments
Exhibit 148: Emerson Electric Co. - Key news
Exhibit 149: Emerson Electric Co. - Key offerings
Exhibit 150: Emerson Electric Co. - Segment focus
12.7 General Electric Co.
Exhibit 151: General Electric Co. - Overview
Exhibit 152: General Electric Co. - Business segments
Exhibit 153: General Electric Co. - Key news
Exhibit 154: General Electric Co. - Key offerings
Exhibit 155: General Electric Co. - Segment focus
12.8 Honeywell International Inc.
Exhibit 156: Honeywell International Inc. - Overview
Exhibit 157: Honeywell International Inc. - Business segments
Exhibit 158: Honeywell International Inc. - Key news
Exhibit 159: Honeywell International Inc. - Key offerings
Exhibit 160: Honeywell International Inc. - Segment focus
12.9 Infineon Technologies AG
Exhibit 161: Infineon Technologies AG - Overview
Exhibit 162: Infineon Technologies AG - Business segments
Exhibit 163: Infineon Technologies AG - Key news
Exhibit 164: Infineon Technologies AG - Key offerings
Exhibit 165: Infineon Technologies AG - Segment focus
12.10 Legrand SA
Exhibit 166: Legrand SA - Overview
Exhibit 167: Legrand SA - Business segments
Exhibit 168: Legrand SA - Key offerings
Exhibit 169: Legrand SA - Segment focus
12.11 Microchip Technology Inc.
Exhibit 170: Microchip Technology Inc. - Overview
Exhibit 171: Microchip Technology Inc. - Business segments
Exhibit 172: Microchip Technology Inc. - Key offerings
Exhibit 173: Microchip Technology Inc. - Segment focus
12.12 NXP Semiconductors NV
Exhibit 174: NXP Semiconductors NV - Overview
Exhibit 175: NXP Semiconductors NV - Product / Service
Exhibit 176: NXP Semiconductors NV - Key news
Exhibit 177: NXP Semiconductors NV - Key offerings
12.13 Robert Bosch GmbH
Exhibit 178: Robert Bosch GmbH - Overview
Exhibit 179: Robert Bosch GmbH - Business segments
Exhibit 180: Robert Bosch GmbH - Key news
Exhibit 181: Robert Bosch GmbH - Key offerings
Exhibit 182: Robert Bosch GmbH - Segment focus
12.14 Siemens AG
Exhibit 183: Siemens AG - Overview
Exhibit 184: Siemens AG - Business segments
Exhibit 185: Siemens AG - Key news
Exhibit 186: Siemens AG - Key offerings
Exhibit 187: Siemens AG - Segment focus
12.15 TE Connectivity Ltd.
Exhibit 188: TE Connectivity Ltd. - Overview
Exhibit 189: TE Connectivity Ltd. - Business segments
Exhibit 190: TE Connectivity Ltd. - Key offerings
Exhibit 191: TE Connectivity Ltd. - Segment focus
12.16 Texas Instruments Inc.
Exhibit 192: Texas Instruments Inc. - Overview
Exhibit 193: Texas Instruments Inc. - Business segments
Exhibit 194: Texas Instruments Inc. - Key news
Exhibit 195: Texas Instruments Inc. - Key offerings
Exhibit 196: Texas Instruments Inc. - Segment focus
12.17 Vishay Intertechnology Inc.
Exhibit 197: Vishay Intertechnology Inc. - Overview
Exhibit 198: Vishay Intertechnology Inc. - Business segments
Exhibit 199: Vishay Intertechnology Inc. - Key news
Exhibit 200: Vishay Intertechnology Inc. - Key offerings
Exhibit 201: Vishay Intertechnology Inc. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 202: Inclusions checklist
Exhibit 203: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 204: Currency conversion rates for US$
13.4 Research methodology
Exhibit 205: Research methodology
Exhibit 206: Validation techniques employed for market sizing
Exhibit 207: Information sources
13.5 List of abbreviations
Exhibit 208: List of abbreviations