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Global Smart Sensors Market


Global Smart Sensors Market size is projected to be valued $101 Billion by 2025; with a CAGR of 18.5% from 2017 to 2025. A smart sensor is an electronic sensing that can process data it receives to eliminate errors and nois – PowerPoint PPT presentation

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Title: Global Smart Sensors Market

Global Smart Sensors Market
  • Published by
  • Accurize Market Research

Global Smart Sensors Market is Estimated to Reach
101 Billion by 2025, Says Accurize Market
  • Global smart sensors market report published by
    Accurize Market Research forecast that the global
    market is expected to reach 101 billion by 2025
    growing at a CAGR of 18.5 from 2017 to 2025. By
    geography, Asia Pacific and North America are
    expected to grow at a CAGR of XX and XX,
    respectively, during the forecast period.
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Growth in electronics automobile sector,
growing concern towards surveillance security,
and development of smart cities to drive the
growth of the market
  • Increasing demand for electronics automobile,
    growing concern towards surveillance security,
    wireless technology, and development of smart
    cities fuels the demand for the global smart
    sensors market. Moreover, favorable government
    initiatives also boost the growth of the market
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Market Segmentation
  • The global smart sensors market has been
    bifurcated on the basis of product, end user and
    geography. Product segment is classified into
    image sensors, touch sensors, smart motion
    sensors, smart temperature sensors, smart
    pressure sensors and smart position sensors. By
    end user, the market comprises industrial,
    medical equipment, automotive industry, consumer
    electronics, infrastructure, and other end users
    (avionics, food beverage).
  • By geography the market is segmented into North
    America, Europe, Asia-Pacific and Rest of the
    World (RoW). North America is further bifurcated
    in U.S., Canada, and Mexico, whereas Europe
    consists of UK, Germany, France, Italy, and Rest
    of Europe. Asia-Pacific is segmented into India,
    China, Japan, South Korea, and Rest of
    Asia-Pacific while RoW is bifurcated into South
    America, Middle East, and Africa.

Image sensors accounted for the largest market
share in the product segment", says Accurize
  • By product segment, image sensors accounted for
    the majority of the market share in the year 2017
    and are expected to continue its trend during the
    forecast period. The high growth of image sensors
    is attributed to its strong image quality, high
    frame rates, and very strong sensitivity.
  • Moreover, in the end user segment, automotive
    industry contributed for the highest market share
    in 2017, owing to its innovation in automotive
    products. Similarly, automotive industry is
    expected to attain the fastest CAGR over the
    forecast period 2017 - 2025.

North America dominated the global market with
the highest market share over the forecast
period", says Accurize
  • In 2017, North America generated the maximum
    revenue accounting for more than 32.9 of the
    total market share, owing to the growing demand
    for smart homes and IoT in the U.S., early
    assumption of new technologies, and presence of
    prominent players in the region. In terms of
    growth, Asia-Pacific is expected to attain the
    fastest CAGR during the forecast period 2017 -
    2025. The high growth can be attributed to rapid
    industrialization, strong economic development
    and strengthening manufacturing activity
    particularly in India and china.

Top players in the market
  • The key market players include
  • Emerson Electric Co.
  • Siemens AG
  • ABB Ltd.
  • Analog Devices Inc.
  • Yokogawa India Ltd.
  • Eaton Corporation
  • Infineon Technologies AG
  • Renesas Electronics Corporation
  • NXP Semiconductors and
  • STMicroelectronics among others.

Contact Us
  • Accurize Market Research Pvt. Ltd.
  • Email
  • Contact No 1-339-368-6383