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Smart Sensors Market is expected to reach $123.32 billion by 2026 growing at a CAGR of 19.8% including leading key players like Analog Devices, STMicroelectronics, Atmel Corporation, NXP Semiconductors, Siemens AG , Robert Bosch, Eaton Corporation

09-05-2019 05:08 AM CET | IT, New Media & Software

Press release from: premium market insights

Smart Sensors Market is expected to reach $123.32 billion by 2026

Smart Sensor has a multi-sensing capability that measures the temperature, pressure, humidity & position and processes the data using microprocessors & advanced computation models. They offer various advantages such as high reliability, low power consumption, wireless configuration, high performance, easy maintenance, size flexibility and minimal requi rement for interconnecting cables.

Global Smart Sensors Market is accounted for $24.26 billion in 2017 and is expected to reach $123.32 billion by 2026 growing at a CAGR of 19.8% from 2017 to 2026.

Some of the key factors driving the market growth are growing demand for consumer electronics products, higher demand in the healthcare and automotive industries and the growing trend of miniaturization in electronics. However, the high cost of development and lack of privacy are inhibiting the market growth.

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On the basis of Type, Position Sensors segment is going to have a lucrative growth during the forecast period owing to the growing adoption of integrated control systems in consumer electronics devices such as smartphones and tablets. These sensors play a crucial role in ensuring vehicle compliance with the slated emission riders. By geography, Asia Pacific is likely to have a huge demand due to the rising government support and rising deployment of smart city and smart infrastructure projects in this region.

Some of the key players in this market include Analog Devices, Inc., STMicroelectronics, Atmel Corporation, NXP Semiconductors N.V. , Siemens AG , Robert Bosch GmbH, Eaton Corporation PLC , General Electric , Sensirion AG, Infineon Technologies AG, TE Connectivity Ltd., ABB Ltd., InvenSense, Inc., Honeywell International Inc., Emerson Electric Company and Legrand S.A.

Smart Sensors Market – Global Analysis to 2025 is an expert compiled study which provides a holistic view of the market covering current trends and future scope with respect to product/service, the report also covers competitive analysis to understand the presence of key vendors in the companies by analyzing their product/services, key financial facts, details SWOT analysis and key development in last three years. Further chapter such as industry landscape and competitive landscape provides the reader with recent company level insights covering mergers and acquisitions, joint ventures, collaborations, new product developments/strategies taking place across the ecosystem. The chapters also evaluate the key vendors by mapping all the relevant products and services to exhibit the ranking/position of top 5 key vendors.

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Table of Contents

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Smart Sensors Market, By Component

6 Global Smart Sensors Market, By Type

7 Global Smart Sensors Market, By Network Connectivity

8 Global Smart Sensors Market, By Technology

9 Global Smart Sensors Market, By End User

10 Global Smart Sensors Market, By Geography

11 Key Developments

12 Company Profiling

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