Press release
Global Smart Sensors Market Growth and Trends by 2018-2025| Microsemi Corporation, STMicroelectronics, Infineon Technologies AG, Vishay Intertechnology, ABB Ltd., Omron Corporation
Persistence Market Research offers an 8-year forecast for the smart sensor market between 2018 and 2026. In terms of value, the smart sensor market is expected to register a CAGR of 15.3% during forecast period. This smart sensor market study demonstrates the global market dynamics and trends across various regions, such as North America, Latin America, Western Europe, Eastern Europe, APEJ, Middle East & Africa, and Japan, which influence the current nature and future status of the smart sensor market over the forecast period.
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This research report provides a detailed analysis of the smart sensor market and offers insights on various factors. This smart sensor market study provides a comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. The stakeholders in this smart sensor market include smart sensor manufacturers, technology providers, system integrators, and others. The smart sensor report segregates the market based on sensor type, component, technology, and end-use industry across different regions worldwide.
Advancements in semiconductor technology has led to the rapid development of smart sensor technologies that are used for various applications such as consumer electronics, healthcare, automotive, infrastructure, industrial, healthcare, and others. Nowadays, most of the sensors have smart features that include integrated electronics and sensing elements on the same chip. Benefits of smart sensor include high reliability, failure detection, and low power consumption. Smart sensors have currently established a strong presence in the consumer electronics sector due to robust growth in smartphones, tablets, monitors, and other electronic devices. The demand for smart sensors in infrastructure application is increasing due to the demand for energy-saving devices and rise in smart city projects. Also, there is demand of smart sensor, such as pressure and position sensors, in the automotive sector for automated driving applications, which is expected to create growth opportunities for the smart sensor market in the automotive sector.
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Key Segments Covered in the Smart Sensor Market
Sensor Type
Motion Sensors
Temperature Sensors
Pressure Sensors
Image Sensors
Touch Sensors
Position Sensors
Others
Component
Analog-to-Digital Converters (ADC)
Digital-to-Analog Converters (DAC)
Amplifiers
Microcontrollers
Others
Technology
MEMS-based Smart Sensors
CMOS-based Smart Sensors
Key Regions Covered
North America
U.S.
Canada
Latin America
Brazil
Mexico
Rest of Latin America
Western Europe
Germany
UK
France
Spain
Italy
Nordic
BENELUX
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Key Companies
Microsemi Corporation
STMicroelectronics
Infineon Technologies AG
Vishay Intertechnology
ABB Ltd.
Omron Corporation
Rockwell Automation, Inc.
SICK AG
Eaton Corporation
Honeywell International, Inc.
Texas Instruments Incorporated
Renesas Electronics Corporation
Yokogawa Electric Corporation
NXP Semiconductors
Analog Devices, Inc.
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