According to the recent study the smart sensor market is projected to reach an estimated $94 billion by 2030 at a CAGR of 12.4% from 2023 to 2030. Growth in this market is primarily driven by increasing use of these sensors in vehicles to deliver enhanced safety and comfort, rising demand for sensor based wearable devices, and growing government support for promoting construction of green buildings.
A more than 150–page
report is developed to understand trends, opportunities and forecast in smart
sensor market by sensor type (image sensors, smart motion sensors, smart position
sensors, smart pressure sensors, smart temperature sensors, and touch sensor),
technology (MEMS, CMOS, and other), network connectivity (wired and wireless),
end use industry (automotive industry, consumer electronics, industrial,
infrastructure, medical equipment, and others), and region (North America,
Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that
smart pressure sensors will remain the largest sensor type segment over the
forecast period due to growing concern for the comfort and safety level of
drivers and passengers of vehicles and significantly growing consumer
electronics industry.
Within the smart sensor
market, consumer electronics will remain the largest end use industry and it is
also expected to witness the highest growth over the forecast period due to the
increasing adoption in smartphones, gaming consoles, PCs, home appliances, and
kitchen appliances.
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smart sensor market
MEMS, CMOS, and Optical
spectroscopy are the major technologies in the global smart sensor market.
Lucintel forecasts that MEMS based smart sensors will remain the largest
technology due to the increasing adoption in automotive, industrial,
healthcare, and consumer electronics industries.
APAC will remain the
largest region over the forecast period, and it is also expected to witness the
highest growth due to rapid modernization, increasing adoption of new
technologies, and significant growing consumer electronics, automotive, and
healthcare industries.
ABB, Analog Devices,
Eaton Corp, Emerson Process Management, Infineon Technologies, NXP
Semiconductors, Renesas Electronics, Siemens, STMicroelectronics, and Yokogawa
Electric Corp are the major suppliers in the smart sensor market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972 636 5056
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