Market Research Future published a research report on “Smart Sensors Market Research Report- Global Forecast to 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Market Overview

Smart sensors in smart cities are used for various purposes such as energy saving, operations controlling, parking management, video authentication, and weather monitoring. Market Research Future (MRFR) has published a research report about the global Smart Sensors Market that projects prosperity for this market at 21% CAGR (Compound Annual Growth Rate) between 2016 and 2022. By value, the market has been figured to be worth the US $ 60 bn by the end of forecast period.

The significant factors driving the global smart sensors market growth are the advancement in automotive products and demand for developing internet & communication network in smart cities. Other factors helping the market growth include growing deployment of cloud technology, growing requirement of innovative solutions to handle increasing environmental pollution, increasing environmental concerns, rapid technological advancement, rising disposable income, and rising deployment of smart sensor equipped devices in healthcare.

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Global Smart Sensors Market Segmentation

The global smart sensors market has been segmented on the basis of end users, technology, type, and lastly, region. Based on end users, this market has been segmented into automotive, consumer electronics, industrial, infrastructure/construction, medical, and others. Sensors are used in cars, refrigerators, industrial applications, construction activities, and medical treatments.

The technology-based segmentation segments the market into complementary metal-oxide-semiconductor (CMOS), and micro-electro-mechanical systems (MEMS) among others. During the forecast period, CMOS based smart sensors are dominating the market. It is expected to generate US $ 40 bn market revenue while growing at 25.01% CAGR.

By type, this market has been segmented into image sensors, motion sensors, position sensors, pressure sensors, temperature sensors, touch sensors, and others. Smart image sensors segment is dominating the market. During the forecast period, the smart touch sensor is expected to grow with the fastest rate at 27.51 % CAGR.

Key Players

The key players in the global smart sensors market include ABB Ltd. (Switzerland), Eaton Corporation PLC (Ireland), Emerson Electric Company (USA), Honeywell International Inc. (USA), NXP Semiconductor N.V. (Netherlands), Omron Corporation (Japan), Renesas Electronics Corporation (Japan), Rockwell Automation (USA), Texas Instruments (USA), and Yokogawa Electric Corporation (Japan).

Market Research Analysis:

Regional analysis for global smart sensors market is studied in different geographic regions as Americas, Europe, Asia-Pacific and Rest of world. The study reveals that North America region would evolve as a leader in global Smart Sensors market. North America is the most technically advanced application market due to presence of prominent players, system suppliers, and large semiconductor companies. Europe is expected to be the second highest market in terms of revenue generation. Whereas, Asia-Pacific is expected to witness high growth in the forecast period and projected to grow with approximately 26% CAGR during the forecast period. Technological and industrial growth in Asian countries, such as China and Japan, is giving boost to the smart sensors market in the coming years.

Intended Audience

Sensor manufacturer
Consumer electronics
End-users
MEMS and CMOS suppliers
OEMs
Research institutes
Government
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TABLE OF CONTENTS

1 Executive Summary

2 Market Dynamics

2.1 Market Drivers

2.2 Market Inhibitors

2.3 Supply Chain Analysis

2.4 Porter’s Five Forces Analysis

3 Global Smart Sensors Market, By Types

3.1 Introduction

3.2 Market By Sub-Segment

4 Global Smart Sensors Market, By Technologies

4.1 Introduction

4.2 Market By Sub-Segment

5 Global Smart Sensors Market, By End-Users

5.1 Introduction

5.2 Market By Sub-Segment

Continued…

Know More about this Report @ https://www.marketwatch.com/press-release/smart-sensor-market-2019-global-size-share-industry-growth-key-players-analysis-statistics-future-trends-opportunity-assessment-segmentation-and-regional-forecast-to-2022-2019-02-21

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