Smart Sensor Market Scope
A smart sensor produces an electrical output when combined with interfacing electronic circuits and is a combination of both sensor and actuator. Smart sensor is simply physical, biological or chemical input & converts it to the measured value into a digital format. . Smart sensors enable more accurate and automated collection of environmental data with less inaccurate noise amongst the accurately recorded information. These devices are used for monitoring and control mechanisms in a wide variety of environments containing smart grids, battlefield reconnaissance, exploration and a great number of science applications.
According to AMA, the Global Smart Sensor market is expected to see growth rate of 18.7%
Research Analyst at AMA estimates that European Players will contribute to the maximum growth of Global Smart Sensor market throughout the predicted period.
ABB Ltd. (Switzerland), Honeywell International Inc. (United States), Eaton Corporation (Ireland), Analog Devices Inc. (United States), Infineon Technologies AG (Germany), NXP Semiconductors N.V. (Netherlands), STMicroelectronics (Switzerland), Siemens AG (Germany), TE Connectivity Ltd. (Switzerland) and General Electric Co. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Legrand Inc. (France) and Vishay Intertechnology Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Smart Sensor market by Type (Image Sensors, Smart Motion Sensors, Smart Position Sensors, Smart Pressure Sensors, Smart Temperature Sensors and Touch Sensors) and Region with country level break-up.
On the basis of geography, the market of Smart Sensor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On July 10, 2019 - The Optoelectronics group of Vishay Intertechnology, Inc. (NYSE: VSH) today introduced a new ambient light sensor for small form factor applications such as smartwatches and sport bands where very high sensitivity is needed to allow light to be sensed through an often very dark cover glass.
Market Trend
- Increasing Demand for Consumer Electronics Products
Market Drivers
- Rising Demand for Energy Efficiency and Saving
- Growing Demand for Smart Sensors in Healthcare and Automotive Industry
Opportunities
- Technological Advancements in Miniaturization and Wireless Capabilities
Restraints
- High Deployment Cost of Smart Sensor
Challenges
- Complex Design of Smart Sensor as Compared to Traditional Sensors
Key Target Audience
Manufacturers of Smart Sensor, Suppliers of Raw Materials, Wholesalers, Distributors, and Retailers of Smart Sensor, Electronic Industry, Governmental Bodies and Research Firms