Press release
Smart Sensors Market by Top Manufacturers – Infineon Technologies AG, ABB Ltd., NXP Semiconductors N.V., Yokogawa Electric Corp, Analog Devices, Siemens AG, Renesas Electronics
Smart sensor is a combination of a sensor with signal conditioning, embedded algorithms, and digital interface. These sensors enable collection of accurate environmental data with minimum level of noise. The global smart sensor market is anticipated to account for $60 billion by 2022, growing at a CAGR of 19.2% from 2016 to 2022.Smart sensor devices support advanced IT solutions, such as machine-to-machine communication and analytics; to measure temperature fluctuation, pressure acceleration, and others. These devices are applicable in a wide variety of energy-efficient environments, including smart grids, smart cities, and smart environments.
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Incorporation of smart sensor in vehicles, growth in demand for electronics devices such as smartphones, tablets, and others along with the Internet of Things (IoT) are the factors that fuel the smart sensors market. However, high deployment cost and privacy concern act as restraints for the market growth.
The report segments the global smart sensors market on the basis of sensor type, end user, and geography. Based on the type, the market is segmented into touch sensors, image sensors, smart temperature sensor, smart motion sensor, smart pressure sensor, and smart position sensor.
By end user, the market is categorized into consumer electronics, automobiles, industrial infrastructure, medical, industrial, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA
Some of the major players that operate in the global smart sensors market are Infineon Technologies AG, ABB Ltd., NXP Semiconductors N.V., Yokogawa Electric Corp, Analog Devices, Siemens AG, Renesas Electronics, STMicroelectronics N.V., and Eaton Corp.
KEY BENEFITS
• The report includes an extensive analysis of drivers, restraints, and opportunities of the global smart sensors market.
• The market projections from 2014 to 2022 are included in the report along with the impacting factors.
• The report also provides quantitative as well as qualitative trends to assist the stakeholders to understand the situations prevailing in the market.
• Competitive intelligence highlights the business practices followed by leading market players across various geographies.
GLOBAL SMART SENSORS MARKET SEGMENTATION
By Type
• Image sensors
• Smart motion sensors
• Smart position sensors
• Smart pressure sensors
• Smart temperature sensors
• Touch sensors
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Table of Content:
Chapter: 1 Introduction
1.1 Report Description
1.2 Key Benefits
1.3 Key Market Segments
1.4 Research Methodology
1.4.1 Secondary Research
1.4.2 Primary Research
1.4.3 Analyst Tools and Models
Chapter: 2 Executive Summary
2.1 Cxo Perspective
Chapter: 3 Market Overview
3.1 Market Definition and Scope
3.2 Key Findings
3.2.1 Top Impacting Factors
3.2.2 Top Winning Strategies
3.2.3 Top Investment Pockets
3.4 Porters Five Forces Analysis
3.4.1 Low Bargaining Power of Suppliers Due to Large Number of Suppliers and Low Switching Cost
3.4.2 Moderate Bargaining Power of Buyer Due to High Demand, High Product Dependency, and Low Backward Integration
3.4.3 Low Threat of Substitution Due to Product Differentiation and Brand Loyalty
3.4.4 Low Threat of New Entrants Due to Presence of Dominant Players and High Investment Cost
3.4.5 Presence of Numerous Players, Innovation and High Growth Rate Increase The Competitive Rivalry
3.5 Market Share Analysis, 2015
3.6 Drivers
3.6.1 Robust Growth In The Automobile Sector Has Increased The Demand of Smart Sensors
3.6.2 Inclination of Society Towards Internet of Things (Iot)
3.6.3 Increase In Demand For Smart Phones, Tablets, and Other Electronic Devices
3.6.4 Development of Smart Cities
3.6.5 Rising Security Threats
3.7 Restraints
3.7.1 High Deployment Cost
3.7.2 Lack of Privacy
3.8 Opportunities
3.8.1 Innovative Application In Biomedical Sector
Chapter: 4 World Smart Sensor Market, By Sensor Type
4.1 Introduction
4.2 Image Sensors
4.2.1 Key Market Trends
4.2.2 Key Growth Factors and Opportunities
4.2.3 Market Size and Forecast
4.2.4 North America Image Sensor Market, ($Million), Growth (%) 2014-2022
4.2.5 Europe Image Sensor Market, ($Million), Growth (%) 2014-2022
4.2.6 Asia-Pacific Image Sensor Market, ($Million), Growth (%) 2014-2022
4.2.7 LAMEA Image Sensor Market, ($Million), Growth (%) 2014-2022
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