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Global Smart Sensors Market Trends, Analysis, And Forecast To 2025

Summary

Smart sensor is an upcoming element of Internet of Things (IoT), which transmits data over the available

networks. These devices also enables functions such as digital processing, data conversion, and

interaction with external devices.The smart sensor market size is estimated to witness the double-digit

growth rate during the upcoming period.

Market Scenario:

The demand of smart sensor is currently witnessing an escalating demand from automotive and

consumer electronics industries, accounting to the application of such devices for measuring, controlling,

computing, and communicating purposes. Moreover, the factors like growing consumer demand from

electronics sector, surge in the automotive industry on a global basis, favorable government initiatives,

and growing trend of miniaturization in sensors are some of the major growth drivers for this market.

Americas is expected to dominate the smart sensor market, globally, owing to the mounting demand for

smart homes and IoT in the U.S., early adoption of technology, and growing automotive and consumer

electronics industries in the region. The APAC region also offers potential growth opportunities owing to

the increasing government policies and demand from growing economies such as China and India among

others.

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Sample/105753

Market Segments:

The global smart sensors market can be segmented on the basis of type, end-user and region. On the basis

of type, the global smart sensors market can be segmented into image sensors, smart motion sensors,

smart position sensors, smart pressure sensors, smart temperature sensors and touch sensors. On the

basis of end-user, the global smart sensors market can be segmented into automotive industry, consumer

electronics, industrial, infrastructure, medical equipment and others.

Key Players:

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ABB Ltd.,

Analog Devices,

Eaton Corp., Emerson Process Management,

Infineon Technologies AG,

Nxp Semiconductors N.V.,

Renesas Electronics,

Siemens AG,

Stmicroelectronics N.V. and Yokogawa Electric Corp.

Regional Analysis

On the basis of region, the global smart sensors market can be segmented into

North America,

Europe,

Middle East & Africa,

Asia-Pacific,

Latin America.

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