Press release
Smart Sensors Market Sale will Rise more than US$ 82 Bn by the close of 2026|Microsemi Corporation, STMicroelectronics
Smart Sensors Market 2022-2026New Study Reports "Smart Sensors Market 2022, Global Key Players Analysis, Share, Trends, Future Opportunities Forecasts 2026″ has been Added on PMR.
Report Overview
This published report for the Smart Sensors Market analyzes and forecasts the marketing statistics of the product/service market on a global as well as the regional level. This detailed study Smart Sensors Market also offers the previous historical data along with the forecast from 2022 to 2030. The assessment of the Smart Sensors Market factors gives a brief overview of the impact on the demand over the forecast period. In addition to this, the report also studies the opportunities that are available in the report at the global level. An executive summary is also provided based on the industry snapshot for the period from 2022-2026.
Projections from a new market analysis by Persistence Market Research indicate that the global smart sensor market revenue 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.
Request for Free Sample Report of "Smart Sensors" Market@ https://www.persistencemarketresearch.com/samples/24175
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.
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.
Key Players:
The report has profiled some of the Important players prevalent in the global like - Microsemi Corporation, STMicroelectronics, Infineon Technologies AG, Vishay Intertechnology, ABB Ltd., Omron Corporation, Rockwell Automation, Inc., SICK AG, Eaton Corporation, Honeywell International, Inc., Texas Instruments Incorporated, Renesas Electronics Corporation, Yokogawa Electric Corporation, NXP Semiconductors, Analog Devices, Inc., TE Connectivity and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Smart Sensors.
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 Customization@https://www.persistencemarketresearch.com/request-customization/24175
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders:
Smart Sensors Market Manufacturers
Smart Sensors Market Distributors/Traders/Wholesalers
Smart Sensors Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
If you have any special requirements, please let us know and we will offer you the report as you want.
Smart Sensors Market - Report Highlights
A detailed overview of parent market of Smart Sensors market
Changing Smart Sensors market dynamics in the industry
In-depth segmentation of the Smart Sensors market
Historical, current, and projected Smart Sensors market size regarding volume and value
Recent industry trends and developments in Smart Sensors market
Competitive landscape of the Smart Sensors market
Strategies for key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on Smart Sensors market performance
Must-have information for Smart Sensors market players to sustain and enhance their market footprint.
Key Questions Answered in This Report:
What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
If you have any special requirements, please let us know and we will offer you the report as you want and also We Provide you Table of Content.
Click Here to Buy this Report@ https://www.persistencemarketresearch.com/checkout/24175
Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
About us:
Persistence Market Research, as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
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 Sale will Rise more than US$ 82 Bn by the close of 2026|Microsemi Corporation, STMicroelectronics here
News-ID: 2623337 • Views: …
More Releases from Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market
The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to…
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market
The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in…
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market
The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According…
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market
The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained…
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…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
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…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
