Smart Sensors Market By Top Players, Growth, Trends, Size, Share, Analysis and Forecast 2021- Robert Bosch, Balluff, GE, Legrand, Airmar Technology Corporation

This report discusses many vital industry facets that influence Global Smart Sensors industry acutely which includes extensive study of competitive edge, latest advancements, region-wise industry environment, contemporary market and manufacturing trends, leading market contenders, and current consumption tendency of the end user. The report also oversees market size, market share, growth rate, revenue, and CAGR reported previously along with its forecast estimation. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Sodium-ion Battery investments from 2021 till 2026.

Smart Sensors Market size was valued at $37.12 Billion in 2019, and smart sensor market size is projected to reach $91.37 Billion by 2027, to register a CAGR of 14.30% from 2020 to 2027.

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News and Updates

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.

Market Overview

India is one of the fastest developing countries in the world, with the government investing significantly in advanced technologies and smarter infrastructures. With such rapid developments, sensors in the country are finding widespread applications in smartphones, automobiles, and healthcare, among others. Some of the most common sensors used in consumer electronics include motion sensors, temperature sensors, pressure sensors, etc.

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.

The smart sensor industry is currently in its growth stage and is expected to register substantial growth in the future, attributed to high investments in R&D activities by market players and focus of society toward Internet of Things (IoT). Other factors that drive the smart sensor market growth include increase in demand for automobile & electronics and development of smart cities. According to the Edison Foundation, the U.S. installed 65 million smart meters in 2015 and the number of installations increased to 70 million in 2016, comprising more than half households in the country. Such significant adoptions are being supported by the American Recovery and Reinvestment Act of 2009 (ARRA), which includes funding for the Smart Grid Investment Grant (SGIG) program that encourages utilities and municipalities to start implementing smart metering infrastructure in their communities.

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendors/manufacturers in the market. The key manufacturers covered in this report: Robert Bosch, Balluff, GE, Legrand, Airmar Technology Corporation, TE Connectivity, NXP Semiconductor, Analog Devices, ABB, TDK Corporation, Vishay Technologies, Infineon Technologies, Siemens, Emerson Electric, STMicroelectronics, Honeywell, Memsic, Sens

Segmentation by type: breakdown data from 2016 to 2021 in Section 2.3; and forecast to 2026 in section 10.7

Pressure Sensors

Temperature & Humidity Sensors

Flow Sensors

Image Sensors

Touch Sensors

Water Sensors

Motion & Occupancy Sensors

Position Sensors

Light Sensors

Ultrasonic Sensors

Others

Segmentation by application: breakdown data from 2016 to 2021, in Section 2.4; and forecast to 2026 in section 10.8

Industrial Automation

Biomedical & Healthcare

Consumer Electronics

Building Automation

Automotive

Aerospace & Defense

Others

Regional and Country-level Analysis

The report offers an exhaustive geographical analysis of the global Smart Sensors market, covering important regions, viz, North America, Europe, China, and Japan. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.

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Smart Sensors Analysis and Strategies Carry Out as below:

The report elucidates a gist of the tried-and-tested as well as innovative strategies undertaken by potential stakeholders with regards to the marketing of the product.
The sales channels chosen (that include direct as well as indirect marketing) by the companies are briefly enumerated in the Smart Sensors market report.
The distributors of these products and a gist of the top-of-the-notch customers for the same are also encompassed in the study.
The report is inclusive of the pivotal driving forces influencing the commercialization landscape of the Smart Sensors market and their impact on the revenue scale of this business sphere.
The rising product demand from the key geographies as well as the pivotal applications and potential business arenas are also included in the Smart Sensors Market report.

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Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

Irfan Tamboli (Head of Sales) – Market Insights Reports
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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.

This release was published on openPR.