Press release
Smart Sensor Market to grow at 17% CAGR to 2024| 2018-2024 By Top Players: Sensirion AG, TE Connectivity Ltd., ABB Group, Analog Devices, Atmel Corporation, Eaton, Emerson, General Electric, Honeywell, Legrand S.A, NXP Semiconductors N.V., Robert Bosch
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Smart Sensor Market size is set to exceed USD 80 billion by 2024; according to a new research report by Global Market Insights, Inc. Global smart sensor shipments were over 15 billion units in 2015. Growing demand for smart electronics & wearable devices in the consumer electronics space is a major factor driving the smart sensor market across the globe. The mounting investments and reductions in development costs for speed & accuracy will be achieved in the coming years through measurement methods with innovative manufacturing technologies, high-tech signal processing methods and high performance. For instance, Notch, a wearable motion tracker app for rebuilding of body and motion structure helps increase performance, enhance movement techniques and reduces injury risks. The app allows movements which are captured by using wireless sensors and are linked to the smartphones.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• ABB Group Ltd.
• Analog Devices Inc.
• Atmel Corporation
• Eaton Corporation PLC
• Emerson Electric Company
• General Electric
• Honeywell International, Inc.
• Infineon Technologies AG
• InvenSense, Inc.
• Legrand S.A
• NXP Semiconductors N.V.
• Robert Bosch GmbH
• Sensirion AG
• Smart Sensors, Inc.
• STMicroelectronics N.V.
• TE Connectivity Ltd.
Technological advancements since the last few years have led to substantial miniaturization in sensors, making them cost-effective, compatible and efficient, which is anticipated to fuel the smart sensor market growth. The growing implementation of MEMS technology has led to extensive usage in several industries such as aviation, automotive, consumer electronics, and healthcare. Several participants are focusing on environmental safety on account of the rising demand for eco-friendly protection, which is expected to boost the smart sensor market size.
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High demand for smart wearable devices and IoT is contributing towards the growth of MEMS technology. The commoditization of the technology is projected to ensure increased usage in other industries such as automotive, industrial, medical, semiconductor and telecommunication. Technological advancements in MEMS technology such as sensor fusion is anticipated to propel the smart sensor market size over the forecast timeframe.
North America dominates the smart sensor market owing to the increasing demand for IoT and smart homes in the U.S. and the presence of major industry players in the region. The APAC smart sensor market is primarily driven by India, Japan and China, mainly due to the developing infrastructure and government initiatives to support projects such as smart cities and homes. India serves as the manufacturing base for various consumer electronics and automotive verticals which will further surge the regional industry demand.
Browse Full Report: https://www.gminsights.com/industry-analysis/smart-sensor-market
Smart sensor market players include ABB Group Ltd., Analog Devices, Inc., Atmel Corporation Eaton Corporation PLC, Emerson Electric Company, General Electric, Honeywell International, Inc., Infineon Technologies AG, InvenSense, Inc., Legrand S.A., NXP Semiconductors N.V., Robert Bosch AG, Sensirion AG, Smart Sensors, Inc. and TE Connectivity Ltd.
Browse Related Report:
Smart Electric Meter Market Size By Application (Residential {Single Family, Multi Family}, Commercial {Education, Healthcare, Retail, Logistics & Transportation, Offices, Hospitality}, Utility), By Technology (AMI {RF, PLC, Cellular}, AMR), By Phase (Single Phase, Three Phase) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Russia, Italy, Sweden, Denmark, Austria, Spain, China, India, Japan, Australia, South Korea, Saudi Arabia, UAE, Oman, Kuwait, Iran, Lebanon, Egypt, South Africa, Nigeria, Brazil, Mexico, Uruguay, Argentina, Chile) Application Potential, Competitive Market Share & Forecast, 2018 – 2024
https://www.openpr.com/news/1382287/Smart-Electric-Meter-Market-By-Key-Vendors-Honeywell-International-Badger-Meter-Elster-Group-Itron-Siemens-AG-Landis-GYR-Circutor-SA-Icsa-India-Ltd-Iskraemeco.html
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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