MEMS-based smart sensors are set to gain maximum traction in the worldwide smart sensor market that is forecast to grow to $57.77 billion by 2022; at 18.1% CAGR and Americas are projected to dominate the geographical segments.
The studied market is primarily driven by factors such as growing concern toward security & surveillance, rising need for energy-efficient devices, growing consumer electronics sector, surge in automotive industry on a global basis, favorable government initiatives, and growing trend of miniaturization in sensors.
The market for MEMS-based smart sensor is expected to hold the largest share of the studied market during the forecast period. MEMS help smart sensor to work in a smarter way by allowing it to handle huge amounts of data in a fraction of seconds. The usual data that is recollected by the sensor is processed with the microprocessors, which, through advanced computation, clear or store the data. This type of technology makes these sensors more adaptable and enhances its self-calibration abilities.
The key players in the smart sensor market mostly operate in the Americas and APAC region to address the growing demand among the end-user industries toward smart sensors. The North American market is expected to hold the major market share between 2016 and 2022 owing to the growing demand for smart homes and IoT in the U.S., presence of major players in the region, early adoption of technology in the Americas, and growing automotive and consumer electronics industries in the region. The APAC market is expected to grow at the highest CAGR between 2016 and 2022.
The key smart sensor vendors profiled in this report such as Analog Devices, Inc. (U.S.), Infineon Technologies AG (Germany), STMicroelectronics N.V. (Switzerland), TE ,Connectivity, Inc. (U.S.), Atmel Corporation (U.S.), NXP Semiconductors N.V. (Netherlands), ABB Ltd. (Switzerland), Siemens AG (Germany), InvenSense, Inc. (U.S.), Robert Bosch GmbH (Germany), Honeywell International Inc. (U.S.), Eaton Corporation Plc (Ireland), Emerson Electric Company (U.S.), General Electric Company (U.S.), Legrand S.A. (France) and Sensirion AG (Switzerland). Order a copy of Smart Sensor Market by Type (Temperature & Humidity, Pressure, Touch, Motion & Occupancy, Water, Position, Light), Technology (Mems, CMOS), Component (ADC, DAC, Microcontroller), Connectivity, End-User Industry and Geography - Global Trends and Forecast to 2022 research report at http://www.marketreportshub.com/purchase?rpid=3842 .
In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (52%), Tier 2 (20%) and Tier 3 (28%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level Executives (35%), Director Level (25%) and others (40%) from various key organizations operating in the global smart sensor market. The primary interviews were conducted worldwide covering regions such as North America (45%), Europe (17%), APAC (23%) and RoW (15%).
Complete report on smart sensor market across 270 pages, profiling 10 companies and supported with 81 tables and 114 figures is now available at http://www.marketreportshub.com/smart-sensor-industry-research-marketsandmarkets.html
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