Global Smart Sensor Market is valued approximately at USD 29.9 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 19.5% over the forecast period 2019-2026. Smart sensors are combination of interfering circuit and sensors. It is mainly used for digital processing that is for analog to digital conversion. The increasing adoption of sensing element and process controls in consumer electronics, industrial, medical, automotive, security & defense and entertainment sector has led the growth of this market. Smart sensors also help in two-way communication and logic functions. The advantages of using smart sensors are high reliability, lower power consumption, high performance, smaller in size, easy to design & maintain, wireless, as it required minimal interconnecting cables. Factors such as increasing demand of consumer electronics and automobiles, increasing terrorism activity and security issue would lead the demand of smart sensor market over the forecast period of 2019-2026.

The regional analysis of global Smart Sensor market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to the ongoing technological advancements of consumer electronics and the increasing security measures. Whereas, North America is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as rising disposable income, increase in demand for automobile & electronics and development of smart cities would create lucrative growth prospects for the Smart Sensor market across Asia-Pacific region.

Major market player included in this report are:

  • ABB Ltd.
  • Analog Devices
  • Eaton Corp
  • Emerson Process Management
  • Infineon Technologies AG
  • NXP Semiconductors N.V.
  • Renesas Electronics
  • Siemens AG
  • STMicroelectronics N.V.
  • Yokogawa Electric Crop

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

  • Image Sensors
  • Smart Motion Sensors
  • Smart Position Sensors
  • Smart Pressure Sensors
  • Smart Temperature Sensors
  • Touch Sensors

By End-User:

  • Automotive Industry
  • Consumer Electronics
  • Industrial
  • Infrastructure
  • Medical Equipment
  • Others

By Region:

  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • Asia Pacific
  • China
  • India
  • Japan
  • Latin America
  • Brazil
  • Mexico
  • Rest of the World

Furthermore, years considered for the study are as follows:

  • Historical year – 2016-,2017
  • Base year – 2018
  • Forecast period – 2019 to 2026

Target Audience of the Global Smart Sensor Market in Market Study:

  • Key Consulting Companies & Advisors
  • Large, medium-sized, and small enterprises
  • Venture capitalists
  • Value-Added Resellers (VARs)
  • Third-party knowledge providers
  • Investment bankers
  • Investors