According to a new market research report “Smart / Intelligent Sensor Market by Type (Flow Sensor, Dissolved Oxygen Sensor, Temperature Sensor, Pressure Sensor, Touch Sensor), Technology (MEMS, CMOS), Application (Aerospace, Automotive, Industrial, Building Automation), & by Geography – Forecasts & Analysis 2013 – 2020”, published by MarketsandMarkets, the total market is expected to generate revenue of $10.46 Billion by 2020 growing at an estimated CAGR of 36% from 2012-2020.
Smart sensor consist of a sensing element, analog-to-digital converter and a bus interface in a package having features such as self testing, self validation, identification and so on. Miniaturized smart sensor offers various processing technique and multiple sensing technologies uniquely modified for various applications such as aerospace & defense, automotive, biomedical, industrial automation, building automation, consumer electronics and so on. Smart sensors are used in almost every machines or devices that gather data. It also has a vital role in subsequent processing and for the transport of data.
This report presents the future of the global smart sensor market and industry from both technical and market-oriented perspectives with techno-market oriented road maps till 2020. This report describes the market trends, drivers, restraints and opportunities of the smart sensor market and forecasts the market to 2020, based on sensor types, technology, components, application and geography. The report presents a detailed analysis of sensor type market such as flow sensor, dissolved oxygen sensor, turbidity sensor, Oxidation reduction potential (ORP) sensor, pH sensor, temperature sensor, pressure sensor touch sensor and forecast the growth for each one of them. In geography the report covers geographies like the Americas, Europe, Asia-Pacific, and ROW (Rest of the World). In 2013, the Americaswasthe largest geography in terms of market revenue for the smart sensor market. APAC, Europe and ROW are also a promising market, along with China, India, Germany and the Middle East are providing impetus to the growth.
The report profiles 20 promising players with a SWOT analysis of key players in the smart sensor market. The competitive landscape of the market presents an interesting picture, where a large number of small players have become a force to reckon with. The market is witnessing a series of new product launch announcement and partnership across the value chain. Some big announcement by small and big players is expected in the coming months. Some of the key players in the smart sensor market are Analog Devices Inc (U.S.), AuthenTec Inc (U.S.), ABB Ltd (Switzerland), Colibrys Ltd (Switzerland), Cypress Semiconductor Corporation (U.K.), Freescale Semiconductors Inc (U.S.), Infineon Technologies AG (Germany), and Siemens AG (Germany).