Global Smart Sensors Market

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Global Smart Sensors Market

• Published by
• Accurize Market Research

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Global Smart Sensors Market is Estimated to Reach
101 Billion by 2025, Says Accurize Market
Research

• 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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  h.com/report/smart-sensors-market/sample-request

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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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  stomization

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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.

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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.

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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.

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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.

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Contact Us

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• Contact No 1-339-368-6383