Smart/Intelligent Sensors Market To Partake Significant Development During 2021-2031

The global smart/intelligent sensors market is broadly affected by several factors, including a surge in the demand for smart sensors from consumer electronics and the rising adoption of smart/intelligent sensors in the medical & industrial sectors.

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Smart sensors are devices that gather inputs from the physical environment and utilize built-in computing resources to perform a predefined function. They enable the automatic & accurate collection of environmental data with less erroneous noise among the accurately recorded information. These sensors are extensively utilized in consumer electronics, medical equipment, and other industrial sectors for monitoring and controlling mechanisms.

Transparency Market Research delivers key insights on the global smart sensors market. In terms of revenue, the global smart/intelligent sensors market is estimated to expand at a CAGR of 18.2% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global smart/intelligent sensors market.

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Smart/Intelligent Sensors Market: Dynamics

The rise in demand for smartphones, tablets, and PCs has fuelled the smart/intelligent sensors market. Smartphones and tablets are an integral part of people's life. People spend huge time on their smartphones and hence, focusing on battery life and its performance is essential. Thus, several key players are developing smart sensors for advanced always-on sensor applications that consume significantly low power. For instance, Bosch Sensortec GmbH has developed a BHI260AB programmable smart sensor combining an accelerometer, gyroscope, and fusion software. It offers low power consumption and is widely used for 3D orientation, step counting, position tracking, and activity recognition or context awareness in wearable, smartphones, and other mobile devices.

The increase in the adoption of smart sensors in wrist-mounted, eyewear, and AR/VR headset has fueled the smart/intelligent sensors market. Furthermore, temperature sensors, humidity sensors & atmospheric pressure sensor detect real-time environmental conditions, such as temperature, humidity, and atmospheric pressure, which are making smartphones or tablets miniaturized meteorological stations.

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Moreover, the mobile health monitoring system is an innovative model of medical care services that is developed based on sophisticated computer networks, advanced communications, and sensor technologies. It ensures various healthcare services are provided for people anywhere and anytime. Patients can wear miniaturized wireless sensing devices to transmit collected data by these sensors to medical staff who is located at a remote locations. Hence, patients can keep medical staff & doctors informed about their health condition; consequently, the possibility of a medical emergency could be considerably reduced. Thus, all these factors are anticipated to drive the smart/intelligent sensors market during the forecast period.

Smart/Intelligent Sensors Market: Key Players

Key players operating in the global smart/intelligent sensors market are ABB Ltd., Analog Devices, Inc., Eaton Corporation, Honeywell International, Inc., Infineon Technologies AG, Microsemi Corporation, NXP Semiconductors, Omron Corporation, Renesas Electronics Corporation, Rockwell Automation, Inc., SICK AG, STMicroelectronics, Texas Instruments Incorporated, Vishay Intertechnology, Yokogawa Electric Corporation, Ottomate International , and Bosch Sensortec GmbH.

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