openPR Logo
Press release

Smart Sensor Market - Transportation System Infrastructure & Aerospace Industries by Types (Image Sensor, Touch Sensor, Smart Motion Sensor, Temperature Sensor, Pressure Sensor, and Position Sensor), End-User (Transportation System Infrastructure and Aero

02-26-2019 05:21 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Smart Sensor Market

Smart Sensor Market

Smart sensor market is expected to reach $15,840 million in 2023 from $4,805 million in 2016, growing at a CAGR of 18.4% from 2017 to 2023. Smart sensor have become an integral part of the aerospace and transportation industry. The robust growth in automobile sector, inclination of society towards IoT, development of smart cities, and surge in security threats are some of the major factors that drive the demand for these sensors. Furthermore, the rise in investment in defense, and automotive industries would further propel the market growth.

The demand of smart sensors is expected to increase rapidly during the forecast period due to various factors such as robust growth in automobile sector, inclination of society towards IoT, development of smart cities, and rise in security threats. However, high deployment cost and lack of privacy restrain the market growth.

Download PDF Report Sample @

Based on sensor type, the market is classified into image sensor, touch sensor, motion sensor, temperature sensor, pressure sensor, and position sensors. The Position sensor segment was the highest revenue contributor to the global market in 2016, accounting for $1,199 million. This segment is expected to reach $4,321 by 2023, registering the highest CAGR of 19.9% from 2017 to 2023.

The end user segment is divided into transportation system infrastructure and aerospace industry. Transportation system infrastructure is expected to grow at a significant CAGR of 19.9% during the forecast period. However, the aerospace industry segment is expected to generate the highest revenue of $8,268 million by 2023.

Based on geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America was the maximum revenue contributor, with $1,565 in 2016, closely followed by Europe at $1,460 million for the same year. The Asia-Pacific segment is expected to register a CAGR of 19.9% to garner $4,706 million by 2023.

The major companies profiled in the report include ABB Group, Analog Devices, Inc., Eaton Corporation, Plc, Emerson Process Management, Infineon Technologies AG, NXP Semiconductors N.V., Renesas Electronics Corporation, Siemens AG, STMicroelectronics, and Yokogawa Electric Corp.

Analyst Review:

he global smart sensor market holds substantial scope for growth in the near future specifically in aerospace and transportation system. Moreover, its contribution to the global market is expected to grow over the next six years. High cost associated with this technology is a major limitation for market growth. However, recent innovations in sensor technology to facilitate high precision & accuracy in operations and rise in government investment have led to the market growth. Furthermore, numerous players intend to enter the smart sensor market with innovative products. Emerging developments in IoT and growth of autonomous products are expected to drive the market in the future.

Make a Purchase @

In Aerospace industry, smart sensor are being largely utilized to cater to the various requirements such as condition monitoring for chemical sensing, minimizing size & weight, reduce power consumption, accommodating a range of possible voltage inputs, and multiple wired/wireless communication interfaces in both space vehicle environments and in aircraft operations. In transportation, infrastructure companies are constantly working toward converting old transportation infrastructure into intelligent transportation systems (ITS). This primarily aim to provide advanced transportation services related to the different modes of transport and traffic management, It also enable end-users to be better informed, more coordinated, safe and 'smarter' use of transport networks.

North America accounts for the largest share of the global market, owing to the strong defense & aerospace industry, adoption of advanced devices in railways, and high budget allocation for the defense sector. Increased inclination toward automation in the transportation and aerospace industries and growing trend of driverless cars have supplemented the growth of the smart sensor market, especially proximity sensor, image sensor, and displacement sensor.

Access Full Summery @

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Smart Sensor Market - Transportation System Infrastructure & Aerospace Industries by Types (Image Sensor, Touch Sensor, Smart Motion Sensor, Temperature Sensor, Pressure Sensor, and Position Sensor), End-User (Transportation System Infrastructure and Aero here

News-ID: 1618580 • Views: 641

More Releases from Allied Market Research

Collaboration Unleashed: DevOps Market Surges at 24.2% CAGR, Projected to Hit $57.90 Billion by 2030
Collaboration Unleashed: DevOps Market Surges at 24.2% CAGR, Projected to Hit $5 …
In a recent report released by Allied Market Research entitled "DevOps Market by Component, Cloud Type, Enterprise Size, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2030," the global DevOps market achieved a value of $6.78 billion in 2020. Projections indicate that it is poised to reach $57.90 billion by 2030, reflecting a noteworthy CAGR of 24.2% from 2021 to 2030. Request Sample Report at: DevOps, a portmanteau of development
Chlorine Dioxide Market to Garner $1.26 Billion, Globally, By 2027 at 5.0% CAGR, …
Allied Market Research recently published a report, titled, "Chlorine Dioxide Market by Application (Industrial Water Treatment, Pulp & Paper Processing, Oil & Gas, Medical, Food & Beverages, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027". As per the report, the global chlorine dioxide industry was generated $857.8 million in 2019, and is projected to reach $1.26 billion by 2027, growing at a CAGR of 5.0% from 2020 to 2027. Drivers,
Flock Adhesives Market Size to Reach $2.9 Billion by 2027 | CAGR: 5.70%: AMR
According to the report published by Allied Market Research, the global flock adhesives market was estimated at $1.9 billion in 2019 and is expected to hit $2.9 billion by 2027, registering a CAGR of 5.70% from 2020 to 2027. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends. Rise in use of flock
North America Leads Global Cloud Security Market with Asia-Pacific Forecasted for Rapid Growth
North America Leads Global Cloud Security Market with Asia-Pacific Forecasted fo …
Global cloud security market report, published by Allied Market Research, forecasts that the global market is expected to garner $8.9 billion by 2020, registering a CAGR of 23.5% during the period 2015-2020.North America dominates the global cloud security market, owing to the growingadoption of cloud services in several industries in the region. However, Asia-Pacific region is expected to grow rapidly during the forecast period. Request Sample Report at: Cloud security encompasses

All 5 Releases

More Releases for Smart

Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT
Survey Report on Smart Kitchen Appliances Market 2018: Smart Refrigerator, Smart …
The report analyzes and presents an overview on "Global Smart Kitchen Appliances Market Professional Survey Report 2018" worldwide. This report studies Smart Kitchen Appliances in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025. The study objectives of this report are: To study and forecast the market size of Smart
IoT Device Management Market Analysis by Application - Smart Manufacturing, Smar …
IoT device management comprises of multiple operating systems and several varieties of communication methods and protocols targeted at conducting smooth functioning of smart devices. The service of IoT device management has become vital for the business sector in recent years due to the rising use of remote operation in a number of industries and the subsequent need to manage the operation of the devices. The global IoT device management market is
The shipping world needs to wake up and embrace the philosophy of smart shipping because it is already here and the downturn in the world economy is not going to last forever, according to Panos Kirnidis, CEO of the Palau International Ship Registry. “The maritime industry knows that smart ships and smart technology is the way forward and yet there seems to be reluctance on the part of some owners to
Smart Kitchen Appliances Market : Smart Refrigerators, Smart Dishwashers, Smart …
Albany, New York, July 20, 2017 : Recent research and the current scenario as well as future market potential of "Smart Kitchen Appliances Market (Products - Smart Refrigerators, Smart Dishwashers, Smart Ovens, Smart Cookware and Cooktops, Smart Scales and Thermometers and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022" globally. Smart kitchen appliances are premium appliances that are designed for comfortable and efficient operation as