The global smart sensor market size is projected to grow from USD 36.6 billion in 2020 to USD 87.6 billion by 2025, at a CAGR of 19%. The drivers fueling the growth of the market are increasing usage of smart sensors in various manufacturing industries and escalating demand for smart sensors by automobile manufacturers to deliver improved safety and comfort.
Pressure sensor type to hold the largest size of the smart sensor market during the forecast period.
The market for pressure sensor type is expected to hold the largest size during the forecast period. Smart pressure sensors play a significant role in smart cars and smart homes. One of the essential features of a smart car is the airbag that requires smart pressure sensors to function. Additionally, water pipe monitoring for leakage and maintenance also requires smart pressure sensors.
Consumer electronics industry to hold the largest share of the smart sensor market in 2020.
The consumer electronics industry is expected to hold the largest share of the market in 2020. The consumer electronics sector is a rapidly changing and dynamic industry with increasing competition among market players. Currently, manufacturers of consumer electronics are under enormous pressure to bring unique and differentiated products into the market. Smart sensors such as motion, temperature, image, touch, and pressure sensors are among the important components utilized in all these products to ensure comfort and control for the user.
Americas to dominate the smart sensor market in 2020.
Americas will dominate the global smart sensor industry in 2020. In the Americas, the US is the largest market in terms of the consumption and production of smart sensors, as most of the major market players have set up their manufacturing units in the US. Moreover, automotive and consumer electronics are well-established industries in the region, which contribute most to the growth of the smart sensor market in the Americas.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in Smart Sensor Market 4.2 Market, By Type 4.3 Market in APAC, By Type and Country 4.4 Market, By Industry 4.5 Market, By Technology 4.6 Market, By Component
5 Market Overview 5.1 Introduction 5.1.1 Drivers 188.8.131.52 Growing Adoption of Smart Sensors to Overcome Security and Surveillance Issues 184.108.40.206 Rising Deployment of Smart Sensors to Ensure Low Power Consumption 220.127.116.11 Surging Demand for Smart Sensors for use in Consumer Electronic Products 18.104.22.168 Increasing use of Smart Sensors in Various Manufacturing Industries 22.214.171.124 Escalating Demand for Smart Sensors By Automobile Manufacturers to Deliver Improved Safety and Comfort 126.96.36.199 Accelerating use of Wireless Technology to Monitor and Control Security Devices Equipped With Smart Sensors 5.1.2 Restraints 188.8.131.52 High Installation and Maintenance Cost of Smart Sensors 5.1.3 Opportunities 184.108.40.206 Rising Demand for Smart Sensor-Enabled Wearable Devices 220.127.116.11 Growing Trend of Industrial Automation 18.104.22.168 Ongoing Support By Governments Across the World to Promote Construction of Green Buildings 5.1.4 Challenges 22.214.171.124 Stringent Performance Requirements for Advanced Sensor Applications 5.2 Value Chain Analysis 5.2.1 Core Industry Players 126.96.36.199 Chip Designers 188.8.131.52 Component Manufacturers 184.108.40.206 Technology Providers 220.127.116.11 Integrators 18.104.22.168 End-user Industries
6 Smart Sensor Market, By Type 6.1 Introduction 6.2 Temperature and Humidity Sensors 6.3 Pressure Sensors 6.4 Flow Sensors 6.5 Touch Sensors 6.6 Image Sensors 6.7 Motion and Occupancy Sensors 6.8 Water Sensors 6.9 Position Sensors 6.10 Light Sensors 6.11 Ultrasonic Sensors 6.12 Others
7 Smart Sensor Market, By Technology 7.1 Introduction 7.2 Major Packaging Types Considered in Smart Sensor Market 7.2.1 Introduction 7.2.2 System-In-Package (SIP) 7.2.3 System-On-Chip (SOC) 22.214.171.124 Difference Between System-In-Package (SIP) and System-On-Chip (SOC) 7.3 MEMs Technology 7.3.1 MEMs Technology-Based Sensors and Actuators are Widely Used in Automotive Electronics, Hard Disk Drives, Medical Equipment, and Consumer Electronics. 7.3.2 Role of Very Large-Scale Integration Technology (VLSI) 7.3.3 Relevance of Nanoelectromechanical Systems (NEMS) 7.3.4 Merits and Demerits of MEMs Technology 7.4 CMOs Technology 7.4.1 the Growing Interest of Consumers in Small, High-Definition Camcorders is Driving the Development of CMOs Sensors That are Popular for Low Power Consumption With High-Speed Image Readout Capabilities. 7.4.2 Merits and Demerits of CMOs Technology 7.5 Other Technologies 7.5.1 Optical Spectroscopy 7.5.2 Microsystems Technology (MST) 7.5.3 Integrated Smart Sensor - Hybrid Sensor 7.5.4 IC-Compatible 3D Microstructuring 7.5.5 Application-Specific Integrated Circuit (ASIC)
8 Smart Sensor Market, By Component 8.1 Introduction 8.2 Analog-To-Digital Converters 8.2.1 ADCS Offer a Higher Picture Resolution Because a Digital Signal Can be Compressed Far More Than an Analog Signal 8.3 Digital-To-Analog Converters 8.3.1 DACS Allow Signals to be Controlled and Processed With the Highest Speed and Precision, With the Help of a Microprocessor 8.4 Transceivers 8.4.1 High-Speed Serial Transceivers Provide a Backbone to Networks, Servers, Communications, and Other Electronic Systems 8.5 Amplifiers 8.6 Microcontrollers 8.6.1 Microcontrollers Can be Used When It is Necessary to Carry Out a Limited Number of Computing Functions, and the Set of Parameters is Easily Defined 8.7 Others
9 Smart Sensor Market, By Industry 9.1 Introduction 9.2 Industrial Automation 9.2.1 Use of Smart Sensors in Industrial Automation to Meet Reliability and Precision Requirements 9.3 Building Automation 9.3.1 Implementation of Smart Sensors in Smart Thermostats, HVAC Control Systems, and Lighting Control Systems That are Part of Building Automation 9.3.2 Access Control Systems 9.3.3 Radio Frequency Identification (RFID) Tags 9.3.4 Lighting Control Systems 9.3.5 Heating, Ventilation, and Air-Conditioning (HVAC) Systems 9.3.6 Others 9.4 Consumer Electronics 9.4.1 Smart Sensor Market for Consumer Electronics to be Driven By Wearable Electronics 9.4.2 Communication and IT Solutions 9.4.3 Entertainment Solutions 9.4.4 Home Appliances 9.4.5 Wearable Electronics 9.5 Biomedical and Healthcare 9.5.1 Deployment of Smart Sensors in Life-Supporting Implants to Remotely Monitor Vital Signs and Health Factors Including Heart Rate, Blood Pressure, and Glucose Levels 9.6 Automotive 9.6.1 Employment of Smart Sensors in Self-Driving Cars to Boost Market Growth for Automotive Industry 9.7 Aerospace & Defense 9.7.1 Adoption of Smart Sensors for Detection and Tracking of Underwater Vehicles and Communication Systems in Aerospace & Defense Industry 9.8 Others
13 Company Profiles 13.1 Introduction 13.2 Key Players 13.2.1 Analog Devices, Inc. 13.2.2 Infineon Technologies AG 13.2.3 STMicroelectronics 13.2.4 TE Connectivity Ltd. 13.2.5 Microchip Technology 13.2.6 NXP Semiconductors N.V. 13.2.7 ABB Ltd. 13.2.8 Siemens AG 13.2.9 TDK Corporation 13.2.10 Robert Bosch GmbH 13.2.11 Honeywell International Inc. 13.2.12 Eaton Corporation PLC 13.2.13 Emerson Electric Company 13.2.14 General Electric 13.2.15 Legrand 13.3 Right to Win 13.4 Other Players 13.4.1 Airmar Technology Corporation 13.4.2 Balluff 13.4.3 Sensirion 13.4.4 Vishay Precision Group 13.4.5 Memsic