Description :
‘ Smart sensor ’ is a combination of a sensor with signal conditioning , embedded algorithms , and digital interface . These sensors enable collection of accurate environmental data with minimum level of noise . The global smart sensor market is anticipated to account for $ 60 billion by 2022 , growing at a CAGR of 19.2 % from 2016 to 2022 .
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Smart sensor devices support advanced IT solutions , such as machine-to-machine communication and analytics ; to measure temperature fluctuation , pressure acceleration , and others . These devices are applicable in a wide variety of energy-efficient environments , including smart grids , smart cities , and smart environments .
Incorporation of smart sensor in vehicles , growth in demand for electronics devices such as smartphones , tablets , and others along with the Internet of Things ( IoT ) are the factors that fuel the smart sensors market . However , high deployment cost and privacy concern act as restraints for the market growth .
The report segments the global smart sensors market on the basis of sensor type , end user , and geography . Based on the type , the market is segmented into touch sensors , image sensors , smart temperature sensor , smart motion sensor , smart pressure sensor , and smart position sensor .
By end user , the market is categorized into consumer electronics , automobiles , industrial infrastructure , medical , industrial , and others . Geographically , the market is analyzed across North America , Europe , Asia-Pacific , and LAMEA
Some of the major players that operate in the global smart sensors market are Infineon Technologies AG , ABB Ltd ., NXP Semiconductors N . V ., Yokogawa Electric Corp , Analog Devices , Siemens AG , Renesas Electronics , STMicroelectronics N . V ., and Eaton Corp .
Purchase a copy of this report @ http :// www . orbisresearch . com / contact / purchase / 214532 . Key benefits
The report includes an extensive analysis of drivers , restraints , and opportunities of the global smart sensors market . The market projections from 2014 to 2022 are included in the report along with the impacting factors . The report also provides quantitative as well as qualitative trends to assist the stakeholders to understand the situations prevailing in the market . Competitive intelligence highlights the business practices followed by leading market players across various geographies .
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