Intelligent Sensor Market 2019 Global Leaders: Siemens AG, Yokogawa Electric, Infineon Technologies AG, Delphi Automotive LLP, Analog Devices, Honeywell International, Custom Sensors & Technologies

Market Research Future published a research report on “Intelligent Sensors Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Scenario

Intelligent Sensor is a device which has capabilities such self-learning of and adaptability. It can be used for auto correction of errors from input end as well as output end. It also holds capabilities such as self-testing, self-validation and self-identification which makes it different from other similar devices. Need of energy efficient devices in the application area’s such as industrial medial and in consumer electronics are the major factor for the growth of Intelligent Sensor Market. Also, growth in the MEMS technologies and sensors with bus capabilities and embedded processing is also expected to drive the market of intelligent sensor whereas factors such as high price of raw materials and high replacement cost are some of the restraints of the market.

The global market of intelligent sensor is expected to grow at US ~$60 billion by the end of forecast period with compound annual growth rate of ~18% from 2016 to 2022

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Key Players:

The prominent players in the market of Intelligent Sensor Market are – Custom Sensors & Technologies, Inc. (U.S.), Delphi Automotive LLP (U.K.), ABB Ltd. (Australia), Analog Devices, Inc.(U.S.), Honeywell International, Inc. (U.S.), Robert Bosch GmBH (Germany), Meggitt Sensing Systems (U.S.), Siemens AG (Germany), Yokogawa Electric Corporation (Japan) and Infineon Technologies AG (Germany) among others.

Intelligent Sensor Market Global Market - Segmentation

The global intelligent sensor market has been segmented on the basis of technology, type, output, and applications. These segments are further sub-segmented based on the following:

• Segmentation by technology: the intelligent sensor market is segmented into system on chip, system in package, hybrid technologies, CMOS process, and IC compatible 3D micro structuring
• Segmentation by type: this segmented is bifurcated into capacitive pressure centers and linear variable differential transformers
• Segmentation by output: this is further segmented into analog, digital, and quasi digital
• Segmentation by application: the application segment is further segmented into industrial, medical, automotive, consumer electronics, and infrastructure
• Segmentation by region: North America, Europe, Asia-Pacific and rest of the world

Intelligent Sensor Market Global Market - Regional Analysis

The regional analysis of intelligent sensor market is studied for North America, Europe, Asia-Pacific and rest of the world.

Developed nations such as Germany, UK, France, and Italy have witnessed advancements in healthcare standards along with growing infrastructure related to consumer electronics. This leads to higher utilization of sensors by manufacturers in the countries, resulting in the dominance of Europe in the intelligent sensor market during the forecast period. North America is expected to witness a positive growth in the market, owing to the advancements and frequent replacements of consumer electronics devices. Furthermore, countries such as Canada, US, and Mexico have rich manufacturers and IT industries which is a major factor influencing the growth on intelligent sensors during the forecast period.

China is among the biggest producers of semiconductor equipment in the world, which generates a greater demand for consumer electronic products. Hence, Asia-Pacific is predicted to experience a significant growth in the intelligent sensor market during the forecast period.

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Intended Audience

• Component Manufacturers
• Electronic components
• Government bodies
• Research organizations
• Chip designers
• Equipment manufacturers
• Electronic manufacturers

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This release was published on openPR.