openPR Logo
Press release

Smart Sensors Market To Witness Double-Digit Growth Rate between 2015 and 2021

Smart Sensors Market To Witness Double-Digit Growth Rate

Knowledge Sourcing Intelligence announces the publication of a new report on “Smart Sensors Market - Forecasts from 2016 to 2021” to their offering. The report segments this market into type (flow sensors, position sensors, touch sensors, pressure sensors, temperature sensors, image sensors, motion and occupancy sensors, others), technology (MEMS-based, CMOS-based, others), by network connectivity (wired and wireless), industry vertical (manufacturing, healthcare, communication and technology, consumer electronics, infrastructure, security, others), and geography (Americas, EMEA, APAC). The global market for smart sensors will grow from US$12.243 billion in 2015 to US$28.780 billion by 2021, at a CAGR of 15.31% over the forecast period.

Smart sensors are gaining popularity in a wide range of applications across various end-use industries. Growing demand for consumer electronics such as smartphones and tablets, declining prices of sensors, booming automotive industry, emerging trend of miniaturization, and favourable government initiatives are some of the factors driving the global smart sensors market. Increasing awareness regarding good health and fitness is augmenting the demand for wearable devices which, in turn, is also bolstering the demand for smart sensors during the forecast period.

Image Sensors to grow at the highest CAGR during the forecast period
Image sensors segment is poised is poised to grow at the highest CAGR of 17.60% between 2015 and 2021 owing to increasing demand for smartphones, declining sensors prices, and growing investment in R&D activities. Mounting concerns regarding surveillance and security at public places due to increasing terrorist attacks will spur the demand for effective solutions capable of mitigating these threats and thereby impacting the smart image sensors over the next six years.

Consumer Electronics accounted for the largest market size but Healthcare will witness the fastest growth
Consumer Electronics segment of smart sensors market will dominate over the forecast period with the projected market size reaching US$6.562 billion in 2021, on account of growing demand for smartphones, wearables and other electronic devices across the globe. However, Healthcare segment will witness the fastest growth at CAGR of 17.74% between 2015 and 2021. This growth is attributed to increasing demand for home Telehealth owing to growing global ageing population along with miniaturization and declining cost of sensors and development of micro sensors.

APAC projected to witness the fastest regional market growth between 2015 and 2021
Geographically, Asia Pacific region will propel the fastest regional growth of smart sensors market at a CAGR of 17.35% due to growing consumer electronics and automotive industry in the region. Furthermore, rising economic activity and ageing population will augment the demand for smart sensors by players in the infrastructure and healthcare sector in emerging economies such as China and India.

The key players of Global Smart Sensors market covered in this report include General Electric, Eaton Corporation, ABB, Honeywell, and Analog Devices among others.

This report contains the market analysis on the current trends in the Smart Sensors Market and the opportunities for the vendors over the next six years. It provides deep insights into the drivers and restraints of the industry. Smart Sensors Market report also consists of in-depth regional analysis. A lot of statistically relevant tools and detailed industry analysis models such as Porter’s 5 forces have been used to forecast the market trends and forecasts up to the year 2021.

The report also talks about the strategies adopted by the industry leaders to gain advantage over competitors and the recent deals that they have gone into to position themselves better in this market.

Purchase the complete report or request for a sample:
www.knowledge-sourcing.com/products/smart-sensors-market-forecasts-from-2016-to-2021

Browse Related Reports:
Safety Sensors Market- Forecasts from 2016 to 2021
www.knowledge-sourcing.com/products/safety-sensors-market-forecasts-from-2016-to-2021

Wearable Health Sensor Market- Forecasts from 2016 and 2021
www.knowledge-sourcing.com/products/wearable-health-sensor-market-forecasts-from-2016-to-2021

Photonic Sensor Market- Forecasts from 2016 and 2021
www.knowledge-sourcing.com/products/photonic-sensor-market-forecasts-from-2016-to-2021

Knowledge Sourcing Intelligence is a market research and consulting firm based out of India. Driven by industry experts, the company provides syndicated reports, custom research, and consulting services. Our proprietary data analytics model blended with quality primary and secondary research data assists in generating quality reports providing crucial insights to managers and decision makers. The services offered by us help companies to gain required competitive edge. Our expertise across 10 industries such as ICT, Chemicals, Semiconductors, Healthcare among others caters to diverse client needs.

Knowledge Sourcing Intelligence
Ascent Business Center (1st Floor)
H-38, Sector 63
NOIDA (U.P.), India - 201301

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 To Witness Double-Digit Growth Rate between 2015 and 2021 here

News-ID: 374240 • Views:

More Releases from Knowledge Sourcing Intelligence LLP

Feed Grade Threonine Market Size, Trends, In-depth Analysis, Research Report For …
Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market of "feed-grade threonine market - which is forecasted from 2023 to 2028". The feed-grade threonine market is estimated to grow at a CAGR of 5.12% during the forecast period. With both quantitative and qualitative analysis, this study intends to offer an in-depth assessment of the feed-grade threonine market. This will further help to establish business and growth plans
Global Horse Feed Market Size, Trends, In-depth Analysis, Research Report Foreca …
Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market of "global horse feed market - which is forecasted from 2023 to 2028". The global horse feed market is estimated to grow at a CAGR of 4.93% during the forecast period. With both quantitative and qualitative analysis, this study intends to offer an in-depth assessment of the global horse feed market. This will further help to establish business
Wheat Seed Treatment Market Size, Trends, In-depth Analysis, Research Report For …
Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market of "wheat seed treatment market - which is forecasted from 2023 to 2028". The Wheat seed Treatment market is estimated to grow at a CAGR of 7.49% during the forecast period. With both quantitative and qualitative analysis, this study intends to offer an in-depth assessment of the wheat seed treatment market. This will further help to establish business
Mushroom Market Size, Trends, In-depth Analysis, Research Report Forecast up to …
Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market of "mushroom market- which is forecasted from 2023 to 2028". The global mushroom market is expected to grow at a CAGR of 6.04% during the forecast period. With both quantitative and qualitative analysis, this study intends to offer an in-depth assessment of the mushroom market. This will further help to establish business and growth plans and evaluate the

All 5 Releases


More Releases for Sensor

Wheel Speed Sensor Market Growing Up By Sensor Type: Passive Sensor, Active Sens …
Acumen Research and Consulting has announced the addition of the "Wheel Speed Sensor Market” report to their offering. The Wheel Speed Sensor Market Report 2018 is an in depth study analyzing the current state of the Wheel Speed Sensor Market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Wheel Speed Sensor Market provides analysis of China market covering
Smart Sensor Market - Transportation System Infrastructure & Aerospace Industrie …
Smart sensor market is expected to reach $15,840 million in 2023 from $4,805 million in 2016, growing at a CAGR of 18.4% from 2017 to 2023. Smart sensor have become an integral part of the aerospace and transportation industry. The robust growth in automobile sector, inclination of society towards IoT, development of smart cities, and surge in security threats are some of the major factors that drive the demand for
Global Body Sensor Market - By Type (EEG Sensor, Visual Sensor, Respiration Sens …
Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalog by adding a fresh study titled “Global Body Sensor Market - Assessment Covering Growth Factors and Upcoming Trends by 2022 End”. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2022. The report also targets important facets such as market drivers, challenges, latest trends,
Smart Wearable Fitness Devices Sensors Market to 2025 Temperature Sensor, Pressu …
The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Smart Wearable Fitness Devices Sensors by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report. This research report is equipped with the information categorizing Smart Wearable Fitness Devices
Sensor Market to Reach $ 190.95 Billion By 2022: Optical sensor, Image Sensor, T …
Industry Trend Analysis: Sensor Market is expected to experience significant growth in coming years between 2014 and 2022. The market is expected to reach $190.95 billion by 2022 at a growing CAGR of 9.14%. Increasing application in automotive application, collision prevention, healthcare monitoring and oil platforms will enhance the growth of sensor market in the upcoming years. In addition, growing application of sensors in military and surveillance, transportation and logistics will
Motion Sensor Market Revenue Forecast 2015 - 2023 Microwave Sensor, Infrared Mot …
Research report on "Motion Sensor Market (By Types - MEMS Magnetometer, MEMS Accelerometer, MEMS Gyroscope and Sensor Combos By Technology Types - Microwave Sensor, Infrared Motion Sensor, Tomographic Sensor, Ultrasonic Sensor and Others By Application Type - Industrial Application, Consumer electronics, Automotive Application, Fitness and Wellness, Healthcare, Aerospace and Defense and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023" Motion sensor is a device that