Smart Sensors Market Analysis

  • Report ID: 6261
  • Published Date: Jul 03, 2024
  • Report Format: PDF, PPT

Smart Sensors Market Analysis

Sensor Type (Pressure Sensors, Temperature & Humidity Sensors, Flow Sensors, Touch Sensors, Image Sensors, Motion & Occupancy Sensors, Water Sensors, Position Sensors, Light Sensors, Ultrasonic Sensors, Others)

Pressure sensors segment is poised to dominate smart sensors market share of over 30.1% by 2036. This growth can be impelled by the increasing adoption of pressure sensors for boosting efficiency, and automation of the production processes.  According to Research Nester’s analysis, more than 45 % of businesses across the globe are planning to automate their repetitive tasks by 2024. Moreover, HVAC systems have also recognized the importance of pressure sensors, as they provide accurate measurement of pressure levels and alarm the system when maintenance is required.

Technology (MEMS, CMOS)

In smart sensors market, MEMS segment is estimated to dominate revenue share of over 60.3% by 2036. The growing use of this technology allows the sensor to operate effectively by enabling it to maintain a significant amount of information in a split second.

Moreover, this technology is also set to have capability to operate in harsh environments, which is why its adoption is growing significantly in the oil industry. Hence, the surging production of oil is anticipated to observe exponential growth in the market. U.S. Energy Information Administration, reported that in 2022 over 80.75 million barrels of crude oil were produced in 98 countries.

Our in-depth analysis of the global market includes the following segments:

 

         

          Sensor Type

 

 

  • Pressure Sensors
  • Temperature & Humidity Sensors
  • Flow Sensors
  • Touch Sensors
  • Image Sensors
  • Motion & Occupancy Sensors
  • Water Sensors
  • Position Sensors
  • Light Sensors
  • Ultrasonic Sensors
  • Others

 

          Technology

  • MEMS
  • CMOS

 

          Component

 

         

  • Analog-to-Digital Converters [ADC]
  • Digital-to-Analog Converters [DAC]
  • Transceivers
  • Amplifiers
  • Microcontrollers

 

          Industry Vertical

 

       

  • Aerospace & Defense
  • Automotive
  • Biomedical & Healthcare
  • Industrial Automation
  • Building Automation
  • Consumer Electronics
  • Others
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Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Verma


  • Report ID: 6261
  • Published Date: Jul 03, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of smart sensors was USD 50.5 billion.

The market size for smart sensors is anticipated to cross USD 375.6 billion by the end of 2036 expanding at a CAGR of 18.2% during the forecast period i.e., between 2024-2036.

The major players in the market are Elliptic Laboratories ASA, Henkel AG & Co. KGaA, Siemens AG, Honeywell International Inc., and others.

The MEMS segment is anticipated to generate a share of 60.3% during 2024-2036.

The Asia Pacific smart sensors sector is poised to hold 35.4% share by the end of 2036.
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