Market Research Report
Smart Sensor Market by Type (Temperature & Humidity, Pressure, Touch, Motion & Occupancy, Water, Position, Light), Technology (MEMS, CMOS), Component (ADC, DAC, Microcontroller), Connectivity, End-User & Geography - Global Trends & Forecast to 2022
|Published by||MarketsandMarkets||Product code||297599|
|Published||Content info||272 Pages
|Smart Sensor Market by Type (Temperature & Humidity, Pressure, Touch, Motion & Occupancy, Water, Position, Light), Technology (MEMS, CMOS), Component (ADC, DAC, Microcontroller), Connectivity, End-User & Geography - Global Trends & Forecast to 2022|
|Published: May 9, 2016||Content info: 272 Pages||
The smart sensor market is expected to grow from USD 18.58 billion in 2015 to USD 57.77 billion by 2022, at a CAGR of 18.1% between 2016 and 2022. The studied market is primarily driven by factors such as growing concern toward security & surveillance, rising need for energy-efficient devices, growing consumer electronics sector, surge in automotive industry on a global basis, favorable government initiatives, and growing trend of miniaturization in sensors.
The market for MEMS-based smart sensor is expected to hold the largest share of the studied market during the forcast period. MEMS help smart sensor to work in a smarter way by allowing it to handle huge amounts of data in a fraction of seconds. The usual data that is recollected by the sensor is processed with the microprocessors, which, through advanced computation, clear or store the data. This type of technology makes these sensors more adaptable and enhances its self-calibration abilities.
The key players in the smart sensor market mostly operate in the Americas and APAC region to address the growing demand among the end-user industries toward smart sensors. The North American market is expected to hold the major market share between 2016 and 2022 owing to the growing demand for smart homes and IoT in the U.S., presence of major players in the region, early adoption of technology in the Americas, and growing automotive and consumer electronics industries in the region. The APAC market is expected to grow at the highest CAGR between 2016 and 2022.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of the profiles of primary participants is given below:
The key smart sensor vendors profiled in the report are:
The report would help the market leaders/new entrants in this market in the following ways:
*Details on Overview, Products and Services, Financials, Strategy & Development might not be Captured in case of Unlisted Companies