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Smart sensors market projected to reach CAGR of 18.5% by 2024

IT Market Research

Smart sensors are known as intelligent sensors, and it is a combination of sensor and interfering circuit. The smart sensors are principally utilized for digital processing, analog to digital conversion.

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The new report titled Global Smart Sensors Market accounted to USD 22.5 billion in 2016 growing at a CAGR of 18.5% during the forecast period of 2017 to 2024”, also the Global Smart Sensors Market by Sensor Type (Temperature & Humidity Sensors, Pressure Sensors, Flow Sensors, Touch Sensors, Image Sensors, Motion & Occupancy Sensors, Water Sensors, Light Sensors, Position Sensors, Ultrasonic Sensors), Technology (MEMS, CMOS, SiP, SoC), Component, Network Connectivity, End-User, Geography – Industry Trends and Forecast to 2024

This report consists of below pages:

  • No of pages: 350
  • No of Figures: 60
  • No of Tables: 220

Get Free Sample Copy of this Report @…rt-sensors-market

Report Definition:

The sensors are used in various industries which include automotive, industrial, consumer electronics, medical, security & defense and entertainment. They are also helpful in various activities that includes decision making, they also help in two-way communication and logic function.

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Competitive Analysis:

The global smart sensors market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.

The report includes market shares of smart sensors market for global, Europe, North America, Asia Pacific and South America.

Major Market Competitors:

Some of the major players operating in global smart sensors market are Siemens AG, General Electric, Sensirion AG, Legrand, Emerson Electric Co., Eaton, Honeywell International Inc., Robert Bosch GmbH, TDK, ABB, NXP Semiconductors, Atmel Corporation, STMicroelectronics, Infineon Technologies AG, TE Connectivity, Analog Devices, Inc., Renesas Electronics Corporation, Yokogawa Electric Corporation, Schneider Electric, Oceana Sensor, Delphi Automotive LLP, Maxim Integrated, Vishay Electronic GmbH, Giersiepen GmbH & Co. KG, Airmar Technology Corp., BeanAir among others

Access the Global Smart Sensors Market Report @…rt-sensors-market

Report Segmentation:

By sensor type the global smart sensors market is segmented into temperature & humidity sensors, pressure sensors, flow sensors, touch sensors, image sensors, motion & occupancy sensors, water sensors, light sensors, position sensors, and ultrasonic sensors, and others.

On the basis of technology the global smart sensors market is segmented into MEMS technology, CMOS technology, system–in-package (SiP), and system-on-chip (SoC).

On the basis of component the global smart sensors market is segmented into analog to digital converters, digital to analog converters, transceivers, amplifiers, and microcontrollers, and others.

On the basis of network connectivity the global smart sensors market is segmented into wireless network connectivity, and wired network connectivity.

Wired network connectivity is further sub-segmented into Knx and LonWorks.

Wireless network connectivity is further sub-segmented into Wi-Fi, Enocean, ZigBee, Z-wave, bluetooth, and others.

On the basis of end-user the global smart sensors market is segmented into industrial automation industry, building automation industry, consumer electronics industry, biomedical & healthcare industry, automotive industry, and aerospace & defense industry.

On the basis of geography, global smart sensors market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

In 2017, North America is expected to dominate the market.

Major Market Drivers and Restraints:

  • Rising Concern About Safety & Investigation
  • Smart Sensors Eases Energy Saving
  • Encouraging Government Initiatives
  • Vigorous Request for Customer Electronics Products
  • High Price of Growth for Smart Sensors
  • Huge Growth Chances in the Healthcare Sector
  • Strict Performance Requirements for Advanced Sensor Applications

Read more about the Global Smart Sensors Market Report @…t-sensors-market/

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