Global Smart Sensor Market - Forecasts from 2020 to 2025

February 2020 | 123 pages | ID: G73F74EEDB12EN
Knowledge Sourcing Intelligence LLP

Abstracts

The global smart sensors market is projected to grow at a CAGR of 16.63% to reach US$38,570.745 million by 2025, from US$15,324.855 million in 2019. Smart sensors detect the input from the physical environment and provide automated and accurate data with less or no error. These sensors are used for the monitoring and control mechanisms that detect and process data, are used extensively in applications such as smart grids, and various other scientific applications. Tremendous progress in the semiconductor industry has resulted in the cost reduction of the microprocessors, thereby boosting the smart sensors’ market growth. Sensors are one of the main factors for the success of the internet of things (IoT), hence the technology trend towards widescale IoT adoption will further augment the demand for these sensors. Furthermore, the introduction of smart cities and smart factories will require the implementation of smart sensors across various applications. North America has a significant market share due to continuous technological advancements while the Asia Pacific is the fastest-growing market.

The growing adoption of IoT at the global level is contributing to the market growth in the forecast period.

There is growing adoption of IoT among businesses due to the increasing number of benefits provided by this technology. Also, with the growing IoT spending, the number of sales of IoT devices has also simultaneously increased, which is further boosting the market growth in the forecast period. There has been a growing adoption of connected devices, which include the usage of smart sensors, is further providing an impetus for the market to grow at a rapid pace with a good CAGR. Connected devices find huge application in smart homes which include smart speakers for controlling lights, and other home appliances. Also, in the healthcare sector, IoT is being utilized in the form of the Internet of Medical Things (IoMT), further providing an opportunity for the market to grow in this area too. Additionally, with the advent of Industry 4.0, the usage of smart sensors for the control and monitoring of operations in fully-automatic industries are further providing an opportunity for Industrial IoT to grow at a significant pace in the forecast period and in the upcoming years.

The Asia Pacific region is expected to show higher growth prospects in the forecast period with the growing semiconductor industry.

The growing semiconductor industry in the APAC region is expected to increase the growth of the smart sensors market here. Growing technological innovations in the semiconductor industry are driving the market growth with the growing adoption of smartphones, tablets, and wearables. Also, the growing use of sensors in automotive electronics keeping in view the growing safety concerns are further accelerating the market growth in this region. Hence, the growing automotive industry with the growing use of sensors in infotainment and navigation is further contributing to the growing semiconductor industry in the APAC region. Additionally, the growing trend of the internet of things and digitization is further contributing to the growing semiconductor industry. Furthermore, the growing use of sensors in consumer electronics and industrial electronics is further contributing to the growth in the semiconductor industry in the forecast period. The growing consumer electronics industry is attributed to a large consumer base here with the expanding middle-class population who are willing to spend more on consumer electronic products with the adoption of modern living conditions. Hence, the Asia Pacific region will be considered as the largest market on account of maximum semiconductor consumption. China from the APAC region is expected to be a leader in the growing semiconductor industry. Thus, the semiconductor industry here is projected to propel with a significantly high (double-digit) growth rate in the forecast period. Also, several Chinese players are strengthening their bases with strategic mergers and acquisitions.

Segmentation:

• By Type
• Smart Flow Sensors
• Smart Pressure Sensors
• Smart Position Sensors
• Smart Temperature Sensors
• Smart Vision Sensors
• Others
• By Technology
• MEMS-based smart sensors
• CMOS-based smart sensors
• By Industry Vertical
• Automotive
• Healthcare
• Manufacturing
• Communication and Technology
• Security
• Others
• By Geography
• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• UK
• Germany
• France
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• Japan
• China
• India
• Others

Delivery Time: 2 working days

Contents

1. INTRODUCTION

1.1. Market Definition
1.2. Market Segmentation

2. RESEARCH METHODOLOGY

2.1. Research Data
2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
  4.3.1. Bargaining Power of Suppliers
  4.3.2. Bargaining Power of Buyers
  4.3.3. Threat of New Entrants
  4.3.4. Threat of Substitutes
  4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. GLOBAL SMART SENSORS MARKET ANALYSIS, BY TYPE

5.1. Introduction
5.2. Smart Flow Sensors
5.3. Smart Pressure Sensors
5.4. Smart Position Sensors
5.5. Smart Temperature Sensors
5.6. Smart Vision Sensors
5.7. Others

6. GLOBAL SMART SENSORS MARKET ANALYSIS, BY TECHNOLOGY

6.1. Introduction
6.2. MEMS-based smart sensors
6.3. CMOS-based smart sensors

7. GLOBAL SMART SENSORS MARKET ANALYSIS, BY INDUSTRY VERTICAL

7.1. Introduction
7.2. Automotive
7.3. Healthcare
7.4. Manufacturing
7.5. Communication and Technology
7.6. Security
7.7. Others

8. GLOBAL SMART SENSORS MARKET ANALYSIS, BY GEOGRAPHY

8.1. Introduction
8.2. North America
  8.2.1. North America Smart Sensors Market, By Type, 2019 to 2025
  8.2.2. North America Smart Sensors Market, By Technology, 2019 to 2025
  8.2.3. North America Smart Sensors Market, By Industry Vertical, 2019 to 2025
  8.2.4. By Country
    8.2.4.1. United States
      8.2.4.1.1. By Type
      8.2.4.1.2. By Technology
      8.2.4.1.3. By Industry Vertical
    8.2.4.2. Canada
      8.2.4.2.1. By Type
      8.2.4.2.2. By Technology
      8.2.4.2.3. By Industry Vertical
    8.2.4.3. Mexico
      8.2.4.3.1. By Type
      8.2.4.3.2. By Technology
      8.2.4.3.3. By Industry Vertical
8.3. South America
  8.3.1. South America Smart Sensors Market, By Type, 2019 to 2025
  8.3.2. South America Smart Sensors Market, By Technology, 2019 to 2025
  8.3.3. South America Smart Sensor Market, By Industry Vertical, 2019 to 2025
  8.3.4. By Country
    8.3.4.1. Brazil
      8.3.4.1.1. By Type
      8.3.4.1.2. By Technology
      8.3.4.1.3. By Industry Vertical
    8.3.4.2. Argentina
      8.3.4.2.1. By Type
      8.3.4.2.2. By Technology
      8.3.4.2.3. By Industry Vertical
    8.3.4.3. Others
8.4. Europe
  8.4.1. Europe Smart Sensors Market, By Type, 2019 to 2025
  8.4.2. Europe Smart Sensors Market, By Technology, 2019 to 2025
  8.4.3. Europe Smart Sensors Market, By Industry Vertical, 2019 to 2025
  8.4.4. By Country
    8.4.4.1. UK
      8.4.4.1.1. By Type
      8.4.4.1.2. By Technology
      8.4.4.1.3. By Industry Vertical
    8.4.4.2. Germany
      8.4.4.2.1. By Type
      8.4.4.2.2. By Technology
      8.4.4.2.3. By Industry Vertical
    8.4.4.3. France
      8.4.4.3.1. By Type
      8.4.4.3.2. By Technology
      8.4.4.3.3. By Industry Vertical
    8.4.4.4. Others
8.5. Middle East and Africa
  8.5.1. Middle East and Africa Smart Sensors Market, By Type, 2019 to 2025
  8.5.2. Middle East and Africa Smart Sensors Market, By Technology, 2019 to 2025
  8.5.3. Middle East and Africa Smart Sensors Market, By Industry Vertical, 2019 to 2025
  8.5.4. By Country
    8.5.4.1. Saudi Arabia
      8.5.4.1.1. By Type
      8.5.4.1.2. By Technology
      8.5.4.1.3. By Industry Vertical
    8.5.4.2. United Arab Emirates
      8.5.4.2.1. By Type
      8.5.4.2.2. By Technology
      8.5.4.2.3. By Industry Vertical
    8.5.4.3. Israel
      8.5.4.3.1. By Type
      8.5.4.3.2. By Technology
      8.5.4.3.3. By Industry Vertical
    8.5.4.4. Others
8.6. Asia Pacific
  8.6.1. Asia Pacific Smart Sensors Market, By Type, 2019 to 2025
  8.6.2. Asia Pacific Smart Sensors Market, By Technology, 2019 to 2025
  8.6.3. Asia Pacific Smart Sensors Market, By Industry Vertical, 2019 to 2025
  8.6.4. By Country
    8.6.4.1. Japan
      8.6.4.1.1. By Type
      8.6.4.1.2. By Technology
      8.6.4.1.3. By Industry Vertical
    8.6.4.2. China
      8.6.4.2.1. By Type
      8.6.4.2.2. By Technology
      8.6.4.2.3. By Industry Vertical
    8.6.4.3. India
      8.6.4.3.1. By Type
      8.6.4.3.2. By Technology
      8.6.4.3.3. By Industry Vertical
    8.6.4.4. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix

10. COMPANY PROFILES

10.1. Texas Instruments Incorporated
10.2. STMicroelectronics International N.V.
10.3. TE Connectivity
10.4. NXP Semiconductors
10.5. Bosch Sensortec GmbH
10.6. TDK Corporation
10.7. Infineon Technologies AG
10.8. Sensirion AG