Press release
Smart Sensors Market Size, Industry Outlook and Forecast To 2026 | ABB, Honeywell, Eaton, Analog Devices, Infineon, NXP Semiconductors, STMicroelectronics
MarketInsightsReports, a leading global market research firm, is pleased to announce its new report on Smart Sensors market, forecast for 2021-2027, covering all aspects of the market and providing up-to-date data on current trends.The Smart Sensors Market report provides the overall structure and business outlook of the global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses, and regional growth of the leading competitors operating in the market on a global and local scale. The structured analysis contains graphical as well as a diagrammatic representation of the global Smart Sensors Market with its specific geographical regions.
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“Smart Sensors Market size is expected to grow from USD 36.6 billion in 2020 to USD 87.6 billion by 2025, at a CAGR of 19.5%.”
Top leading Companies Profiled in Tire Mold Market Report are ABB, Honeywell, Eaton, Analog Devices, Infineon, NXP Semiconductors, STMicroelectronics, Siemens, TE Connectivity, Legrand, GE, Vishay
Market Overview
According to ASSOCHAM, the number of smartphone users in the country is expected to almost double from 468 million users in 2017, to reach to 859 million by 2022, witnessing a CAGR of 12.9% during the forecast period.
The demand for reliable, high-performance and low-cost sensors is increasing, thereby leading to the development of new technologies, such as microtechnology and nanotechnology.
Stick-on or printed sensors can be attached to devices as labels to measure various physical parameters, such as humidity, temperature and gas
The low cost, small size, and ease of use have led the sensors to have widespread utilization in various industries, such as automobile, residential, medical, environmental, food processing, and chemical. Over the past few years, the country has witnessed a robust growth in the adoption of high-end technology products, such as smartphones and wearable devices, which make extensive use of touch and image sensors. Emerging nations, such as India, have witnessed the fall of data costs by 95% since 2013, thus, resulting in the growth of the number of smartphone users.
Latest Update and Developments
September 16, 2021 Elliptic Labs' AI Virtual Smart Sensors Launches on Latest Xiaomi Smartphone – the Redmi Note 10 Pro- EuroNext Growth: ELABS.OL), a global AI software company and the world leader in AI Virtual Smart Sensors, is announcing another release of its AI Virtual Proximity Sensor INNER BEAUTY® with the third largest smartphone manufacturer in the world, Xiaomi (HKSE: 1810.HK). The Redmi Note 10 Pro smartphone, utilizing Mediatek’s Dimensity 1100 5G platform, is Elliptic Lab’s latest entry into the Redmi line of high volume, value-minded smartphones, released specifically for the Chinese market.
June 2020 - Honeywell announced a new software solution to help industrial facility operators and safety managers monitor workers' exposure to gas, weather and certain physiological conditions in real time to help prevent incidents and quickly respond to emergencies. Honeywell also began in-flight testing of sensors that will guide urban air mobility (UAM) vehicles to land without pilot intervention. Aircraft involved in the testing are outfitted with Honeywell sensors and include cameras that analyze visual markings resembling QR codes, which help guide the vehicle to a designated landing spot.
June 2020 - Salesforce and Siemens AG bundled their workplace management tools in a new IoT suite to help businesses reopen after lockdown and embrace new practices for physical workplaces, as new normal’ takes shape in the shadow of the global COVID-19 pandemic. The principle is to provide better space management solutions, through IoT-based sensors and sense-making tools, and social-media style user apps.
27.06.2018 San Jose, USA/Reutlingen, Germany Bosch launches new generation of smart sensor hubs BHI260 and BHA260 for wearables, hearables, AR/VR and other mobile devices- Today, at Sensors Expo in San Jose, California, Bosch Sensortec announced the BHI260 and BHA260, the first two members of a new generation of smart sensor hubs. These new devices are optimized for 24/7, always-on sensor processing and feature ultra-low power consumption.
TORONTO – September 24, 2019 BehrTech Launches All-in-One MYTHINGSTM Smart Sensor for Environmental Monitoring in Industrial IoT Applications- BehrTech, a disruptive enabler of next-gen wireless connectivity for the Industrial Internet of Things (IIoT), announced today the launch of the MYTHINGS™ Smart Sensor. This wireless, multi-purpose sensor uses Telegram Splitting technology for long-range, robust, and power-efficient communication in Industrial IoT networks.
SPECIAL OFFER (Avail an Up-to 25% discount on this report, please fill the form and mention the code: MIR30 in the comments section)
Market Research Study Focus on these Types:
Flow Sensors
Humidity Sensors
Position Sensors
Pressure Sensors
Speed Sensors
Temperature Sensors
Market Research Study Focus on these Applications:
Aerospace & Defense
Automotive & Transportation
Healthcare
Industrial Automation
Building Automation
Consumer Electronics
Other
Global Smart Sensors Market: Regional Segment-
─North America (US, Canada)
─Europe (Germany, UK, France, Rest of Europe)
─Asia Pacific (China, Japan, India, Rest of Asia Pacific)
─Latin America (Brazil, Mexico)
─Middle East and Africa
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Key Takeaways from Smart Sensors Report
─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals
─Understand the different dynamics influencing the Smart Sensors market – key driving factors, challenges and hidden opportunities.
─Get in-depth insights on your competitor performance – Smart Sensors market shares, strategies, financial benchmarking, product benchmarking, SWOT and more
─Analyze the sales and distribution channels across key geographies to improve top-line revenues.
─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Smart Sensors
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Available Customization– The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
Irfan Tamboli (Head of Sales) – Market Insights Reports
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irfan@marketinsightsreports.com
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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