The global smart sensors market is growing at a significant CAGR of around 18.2% during the forecast period (2020-2026). The market for smart sensors is driven by rising adoption of smart sensors across consumer electronics, security and surveillance, healthcare, and automotive industry. In addition, the rising trend for wearable devices, autonomous cars, and industrial automation are further offering growth opportunity to the global smart sensors market. With the ever-increasing demand in urban mobility and modern logistics sector, the vehicle population has been steadily growing over the past few decades. The ADAS image sensors improve driver safety, it assists the car to gather information about the outside world. ADAS embraces a number of technologies such as LIDAR (light detection and ranging), RADAR (radio detection and ranging), sensors and integrated cameras to provide an all-around image of the surrounding to the driver. However, the high installation and maintenance cost of smart sensors will affect the market growth during the forecast period.
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The consumer electronics finds significant application of smart sensors. These are widely used in smartphones and other consumer electronics such as HD cameras and others. Due to rise in adoption rate of smartphones and continuous increase in the demand for high-quality images from smartphones is significantly driving the market growth in consumer electronics industry. Market players are intensively focusing on the R&D of smart sensors due to which sensing devices have become cost-effective and compact. This has fueled the adoption of smart sensors in consumer electronics products such as smartphones, tablets, DSLR cameras and mirrorless cameras, drones, and many others.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Smart Sensors Market by Type
- Pressure Sensor
- Temperature Sensor
- Flow Sensor
- Image Sensor
- Others (Humidity Sensor and Position Sensor)
Global Smart Sensors Market by Application
- Aerospace and Defense
- Healthcare
- Industrial Automation
- Automotive and Transportation
- Consumer Electronics
- Others (Building Automation)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- ABB Ltd.
- Analog Devices, Inc.
- Eaton Corporation PLC
- Honeywell International Inc.
- Infineon Technologies AG
- LEGRAND
- NXP Semiconductors N.V.
- OMRON Corp.
- Renesas Electronics Corp.
- Robert Bosch GmbH
- Rockwell Automation, Inc.
- Samsung Electronics Co., Ltd.
- Siemens AG
- Smart Sensors, Inc.
- STMicroelectronics N.V.
- TDK Corp.
- TE Connectivity Ltd.
- Vishay Technology Inc.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global smart sensors market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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