openPR Logo
Press release

Smart Sensors Market key players Microsemi Corporation, STMicroelectronics, Infineon Technologies AG, Vishay Intertechnology, ABB Ltd., Omron Corporation, Rockwell Automation, Inc., SICK AG

smart-sensors-market

smart-sensors-market

Automation has redefined the global manufacturing and industrial landscape, with semiconductor technologies taking center stage across a multitude of industry applications. The demand for smart sensors and associated technologies is likely to remain on a very high growth trajectory, with demand pouring in from emerging and technologically aware markets such as Japan, China, and South East Asia.

Projections from a new market analysis by Persistence Market Research indicate that the global smart sensor marketrevenue will rise from an estimated US$ 26 Bn in 2018 end to more than US$ 82 Bn by the close of 2026, resulting in a growth rate of 15.3% during the eight period from 2018 to 2026. Asia Pacific is expected to be a key contributor towards this growth, with increasing adoption anticipated to be witnessed across the automotive industry in the region. The U.S is expected to maintain a leading position in the global market for smart sensors, owing to the presence of large global players operating in the smart sensor space in the country. Significant growth potential exists in countries such as Japan, India, and China predominantly due to the steadily increasing demand for smart sensor technology from the automotive and manufacturing industries in these countries.

Request Sample Report@ https://www.persistencemarketresearch.com/samples/24175

Rise of the Industrial Internet of Things (IIot) and Implementation of Sensor Technology in Supply Chain Management to Push Revenues in the Global Smart Sensor Market
The in-depth analysis of the global market for smart sensors by Persistence Market Reveals attributes the stellar growth of this market to three key factors – proliferation of the IIoT, increasing use of smart sensors in wearable devices, and integration of sensor technology in supply chain management. IIoT is fast emerging as a future ready concept across diverse industries that deploy sensor-based measurements for analysis and decision making. Applications of smart sensors in system assembly lines, testing, and inspection are rapidly increasing in the manufacturing sector and this adoption is further fueled by constant innovation in sensor technology. A rapidly growing demand for automation in the process manufacturing sector is expected to push revenue growth of the global smart sensor market in the near future.

The use of smart sensors in wearables has been witnessing increasing traction of late. Smart sensors find application in several wearable medical devices and are used in blood glucose monitoring, sensor fusion, and smart biomedical sensing, to name a few. Technological breakthroughs in sensor technology have created new avenues in medical wearable technology. Wearable medical devices with embedded smart sensors send information about patient health to healthcare professionals and caregivers, thereby speeding the process of administering medical aid. The adoption of smart sensors in healthcare applications is expected to surge in the coming years, hence boosting revenue growth of the global smart sensor market.
Another prominent use of smart sensors is in supply chain management. Smart sensors take supply chain and logistics data and convert this into digital insights that help manufacturers make critical supply chain decisions. By providing real-time information on store and warehouse inventory, machine performance, and raw material availability, smart sensors help track logistics and prevent mismanagement across the supply chain. This integration of sensor technology in supply chain management is fueling global market demand for smart sensors.

Increasing Applications of Smart Sensor Technology to be Observed Across the Food & Beverages and Industrial Automation Sectors in the Coming Years
Over the years, the adoption of smart sensors has been explored as a lucrative opportunity across the food and beverages industry. Smart sensors are used to automate several food and beverage manufacturing processes, creating immense growth opportunities for manufacturers of smart sensors. There is a consistent demand for automation in critical industrial processes owing to the current technological progression that calls for the adoption of technically advanced products and solutions. Smart sensors such as flow sensors, motion sensors, and light sensors are finding application across diverse industries, more specifically the F&B and Industrial Automation sectors. Persistence Market Research predicts a boom in the adoption of smart sensors across these two key industries in the years to come.

Request For Methodology @ https://www.persistencemarketresearch.com/methodology/24175

Key competitors in the ultra-portable speaker market are Anker Innovations Limited; Beats Electronics LLC; Bose Corporation; Harman International Industries; Klipsch Group, Inc.; Sony Corporation; Xmi Pte. Ltd.; Koninklijke Philips N.V.; Samsung Electronics; and ULTIMATE EARS. These key players are constantly focusing on product innovation and geographical expansions. These strategies are followed by industry players to sustain their market presence and increase revenue generation by developing more advanced ultra-portable speakers and delivering outstanding services to their customers.

Table of Content
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
2.2.1. Use Cases of Smart Sensor across Industry Verticals
2.3. Market Snapshot
3. Market Background
3.1. Macro-Economic Factors
3.2. Forecast Factors – Relevance & Impact
3.3. Porter’s Five Forces Analysis
3.4. Smart Sensor Ecosystem
3.5. Value Chain Analysis
3.6. Market Dynamics
3.6.1. Drivers
3.6.2. Restraints
3.6.3. Opportunity Analysis

Buy Now @ https://www.persistencemarketresearch.com/checkout/24175

CONTACT:
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com

ABOUT US:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

This release was published on openPR.

Permanent link to this press release:

Copy
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 Sensors Market key players Microsemi Corporation, STMicroelectronics, Infineon Technologies AG, Vishay Intertechnology, ABB Ltd., Omron Corporation, Rockwell Automation, Inc., SICK AG here

News-ID: 1779032 • Views:

More Releases from persistencemarketresearch.com

Innovation-Based Discernment To Drive The Foil Shavers Market
Innovation-Based Discernment To Drive The Foil Shavers Market
Personal appearance has taken paramount importance in the lives of consumers. Proper grooming and professional appearance have become important attributes to gain respect at the workplace. The way people carry themselves creates an impression on co-workers and the management. The pressure and interest of looking good is equally important to both, men and women. Variations offered by trimmers and shavers have taken up the onus to drive the foil shavers
Alcoholic Hepatitis Therapeutic Market Rugged Expansion Foreseen by 2017 to 2025
Alcoholic Hepatitis Therapeutic Market Rugged Expansion Foreseen by 2017 to 2025
Alcoholic hepatitis is a kind of liver disease usually affects people who are used to be heavy drinkers. It can cause short and long-term liver damage. Liver is a major organ of body functions to remove poisons such as alcohol from blood. It’s damaged by long time heavy drinking of alcohol. Usually occur in 30% of long- time alcohol drinkers. Asymptomatic steatohepatitis is also as alcoholic hepatitis the term is
Advanced Meniscal Fixation Devices Market Continuing to Show Billion Dollar Growth According to 'Persistence Market Research'
Advanced Meniscal Fixation Devices Market Continuing to Show Billion Dollar Grow …
Meniscal fixation is minimally invasive surgical procedure is used to reconstruct torn meniscus. Meniscus functions include distribution and load transmission, joint stability, neuromuscular proprioception and joint nutrition. Meniscal tears are symptomatic and irreparable and meniscal fixation devices are used to remove unstable fragments. Meniscal repair is performed only during longitudinal tears (>10 mm), tears without deformity or secondary degeneration, and others. Meniscal fixation devices are used arthroscopic repair or
Liniments Rubs Market segmentation by key players - Liniments & Rubs Market are Haw Par Corporation Limited., Procter & Gamble, GSK group of companies, Amrutanjan Health Care Ltd. and others. The companies are mainly focusing on intense marketing to conve
Liniments Rubs Market segmentation by key players - Liniments & Rubs Market are …
Liniments are liquid dosage forms which are used relieve pain and stiffness during arthritis, sore muscular aches, and muscle strains. Liniments & rubs are well absorbed through the skin and have a high bioavailability. Liniment vehicles depend on the type of action (counterirritants, massage, and rubefacient) and solubility of desired compounds. They can be used as irritants, analgesics, anti-inflammatory, astringents, and fungicidal. Rubefacient liniments are used for vasodilation and hyperthermia

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
SMART SHIPS NEED SMART REGISTRIES
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