Title: Smart Sensor Market size forecast to reach USD 52 billion by 2024
1Smart Sensor Market size is forecast to reach USD
52 billion at 18 CAGR from 2016 to 2024 Global
Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2Regional Analysis of Smart Sensor Market
- Asia Pacific smart sensor market share is
expected to witness high growth prospects, owing
to rising demand for tablets, notebooks and
smartphones, across the region. - Europe smart sensor market is projected to
experience considerable growth due to presence of
leading automobile manufacturers such as
Volkswagen, BMW and Mercedes-Benz. - U.S. smart sensor market share is leading the
industry and is also expected to continue its
dominance over the forecast period due to early
adoption paired with growing demand for smart
homes.
3 Application Analysis of Smart Sensor Market
- The industry is anticipated to witness
substantial growth across numerous applications
sectors such as automotive, electronics,
healthcare and textile. - These products include integrated electronics
that perform data conversion, bi-directional
communication, decision execution and logical
applications. - Increasing applications in various industries
such as transport logistics, military,
surveillance, and automotive is predicted to
positively impact demand. - In addition, favourable government initiatives
and high reliability offered by these devices is
projected to boost consumption. Notable growth
barriers include smart sensor market price trend,
and the lack of privacy as well as complex
structure.
4 Competitive Market Share of Smart Sensor Market
- Key industry participants dominating smart sensor
market size are Analog Devices, Infineon
Technologies, STMicroelectronics N.V., Atmel
Corporation, NXP Semiconductors N.V., Honeywell,
General Electric, ABB Ltd., Invensense Inc.,
Robert Bosch GmbH, Legrand SA, Sensirion AG,
Emerson and Eaton. - Autonomous (autopilot) driving technologies are
being developed by Google and Tesla. ABB Ltd has
developed a compact wireless sensor for low
voltage induction motor which reduces motor
downtime by upto 70, extend lifetime by 30 and
lower the consumption by 10.
5 Browse Full Market Research Report On Smart
Sensor Market _at_ https//www.gminsights.com/industr
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in-depth table of contents for this report _at_
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