ID: MRFR/ICT/2051-CR | June 2017 | Region: Global | 80 pages
Market Synopsis of Global Smart Sensors Market
Cities are growing on a very fast pace. The growing advancement in technology has driven the demand for developing internet and communication network in a city to improve the operations. Increasing disposable income, growing deployment of cloud technology, advancement in automotive products and growing requirement of innovative solutions to handle increasing environmental pollution has created high demand for smart sensors as it is capable of reducing the carbon emission levels. Therefore, is widely adopted by coal power plants to manage their process efficiently. Smart sensors in smart cities are used for variety of purposes such as video authentication, parking management, weather monitoring, operations controlling, and also to save energy.
The major growth driver of smart sensors market includes growing market of smart cities, rising deployment of smart sensor equipped devices in healthcare, and increasing environment concerns among others. However, high development cost of smart sensors is expected to hinder the market growth of smart sensors in the forecast period 2016-2022.
Global Smart Sensors Market can be segmented as follows:
Segmentation by Type: image sensors, motion sensors, position sensors, pressure sensors, temperature sensors, touch sensors and others.
Segmentation by Technology: CMOS and MEMS among others.
Segmentation by End-User: automotive, consumer electronics, industrial, infrastructure/construction, medical and others.
Regional Analysis of Smart Sensors Market:
The global Smart Sensors market is estimated to grow at a promising rate in upcoming years. North America is the leading region among Europe, Asia-Pacific and Rest of the world. Asia-Pacific is the fastest growing region which is estimated to show high growth during forecast period. Increasing technology adoption and government initiatives to improve infrastructure is expected to boost the smart sensors market in Asia-Pacific region. However, high installation cost of smart sensors is one of the major reason behind slow growth in Asia-Pacific region.
Some of the major players in Global Smart Sensors Market include Rockwell Automation, ABB Ltd., Emerson Electric Company, NXP Semiconductor N.V., Honeywell International Inc., Eaton Corporation PLC, Renesas Electronics Corporation, Texas Instruments, Yokogawa electric Corporation, and Omron Corporation.
The report for Smart Sensors Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Frequently Asked Questions (FAQ) :
The global market of smart sensors is expected to thrive at 21% CAGR and value at USD 60 billion by 2022.
Different types of smart sensors are; motion sensors, image sensors, pressure sensors, position sensors, touch sensors, temperature sensors, and others. Smart image sensors, followed by smart touch sensors are expected to gain substantial traction.
MEMS and CMOS are technologies that are used by smart sensors. The CMOS smart sensors segment is expected to value at USD 40 billion and expand at 25.01% CAGR across the review period.
Renesas Electronics Corporation, Yokogawa Electric Corporation, Texas Instruments, and Omron Corporation are some important developers of smart sensors.
The smart sensors market in the Asia Pacific is observed to be the rapidly growing market due to increase in initiatives taken by governments for infrastructural development.