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Global Smart - Intelligent Sensor Market to 2020

(IT-NEWSWIRE.COM, September 10, 2015 ) The smart/intelligent sensor market is growing at a considerable rate, due to energy saving through the increased use of smart sensors in various applications, along with the evolution of novel wireless technology. The growing demand of smart sensors in wearable technology, and healthcare sector are some of the factors, providing ample opportunities for the upsurge of the smart sensor market, in the coming years.

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North America dominates the global smart sensors market, followed by Europe; which is due to the high adoption rate, and proper consumer awareness in the region. In addition, increasing incidences of chronic diseases, and eagerness to adopt new technology, is also supporting the growth of the smart sensor market, in the region. In Asia-Pacific, Australia is witnessing fastest growth in the smart sensors market, owing to high interest of Australian consumers, for buying the latest gadgets, even at high price.

Smart sensor is formed by interfacing the circuits to support in logic functions, decision-making, and two-way communication. The minimal cost, scalability, high reliability, and high performance, are some of the advantages from smart sensors. Smart sensors measure temperature, acceleration, brightness, material property, and humidity. The manufacturing of smart sensors requires providing pre-defined embedded functions, during the designing process, which is one of the major challenges, for the manufacturers. Smart sensors are integrating in most of the consumer electronics products, automotive products, and wearable devices, owing to their miniaturization and flexibility.

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On the basis of type, the smart sensor market can be categorized, as oxidation reduction potential sensor, dissolved oxygen sensors, pressure sensors, flow sensors, temperature sensors, turbidity sensors, touch sensors, and pH sensors. The smart sensor market can also be categorized on the basis of technology, as micro electro mechanical systems (MEMs) technology, complementary metal oxide semiconductor technology, and optical spectroscopy.

On the basis of components, the smart sensor market can be categorized as amplifiers, analog to digital converter, transceivers, microcontroller, and digital to analog converter. The smart sensor market can also be categorized on the basis of applications, as biomedical, aerospace and defense, consumer electronics, industrial automation, building automation, and automotive. Building automation includes radio frequency identification, heating ventilation and air conditioning, access control, lighting source and security.

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Some of the competitors in the smart sensor market are Eaton Corporation, Honeywell International Inc., Airmar Technology Corporation, ABB Ltd., Nanjing IOT Sensor Technology Co. Ltd, Freescale Semiconductor Inc., Analog Devices Inc., Vishay Intertechnology Inc., Smart Sensors Inc., Colibrys Ltd., Siemens AG, Banpil Photonics Inc., Infineon Technologies AG, Sensirion AG, Comus International Inc., Oceana Sensor Technologies Inc., and Gira Giersiepen GmbH & Co. KG.

Report Coverage:

Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis
Identifies the key drivers of growth and challenges of the key industry players. Also, assesses the future impact of the propellants and restraints on the market
Uncovers potential demands in the market
Porter analysis identifies competitive forces within the market
Provides information on the historical and current market size and the future potential of the market

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