Intelligent Sensor Market Global Market - Overview
Intelligent sensors are the sensors possessed by the capability of modifying and monitoring internal behaviour and performing several predefined intelligent functions. These functions include self-checking, self-validation, self-identification, self-diagnosis, self-testing, and others, appropriately when the sensors recognize an apposite input from peripheral devices or systems. These sensors are executed with the embedded microcontrollers and microprocessors including all functions of a processing unit. The global market of intelligent sensors is expected to grow at USD 60 billion with a CAGR of 18% during the forecast period.
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Intelligent sensors are of great interest in several industrial sector such as medical, manufacturing, consumer electronics, and others. These industries utilize energy on a large scale as a result government and manufacturers are empahsized on sustainability growth strategy and focused on saving energy. Industries have started investing in energy efficient applications and utilize energy in an optimum manner. Hence, growing need for energy efficient devices in medical, industrial, and consumer electronics sector is expected to propel the growth of the intelligent sensor market. The market has witnessed a positive growth in the MEMS technology, owing to the spread of numerous applications across various commercial sectors. These applications include embedded processing and sensors with bus capabilities, and are expected to drive the intelligent sensor market. However, high price of raw materials is one of the factors which is expected to hinder the growth of the market.
Intelligent Sensor Market Global Market - Segmentation
The global Intelligent Sensor Market has been segmented on the basis of technology, types, output and applications. Based on technology, the intelligent sensor market has been segmented into chip, system in package, hybrid technologies, CMOS process and IC compatible 3D micro-structuring. Based on types, the intelligent sensor market has been segmented into capacitive pressure centers, linear variable differential transformers and others. Based on output, the intelligent sensor market has been segmented into analog, digital, quasi-digital and others. Based on application, the intelligent sensor market has been segmented into industrial, medical, automotive, consumer electronics, infrastructure and others.
Key Players:
The prominent players in the market of Intelligent Sensor Market are – Custom Sensors Technologies, Inc. (U.S.), Delphi Automotive LLP (U.K.), ABB Ltd. (Australia), Analog Devices, Inc.(U.S.), Honeywell International, Inc. (U.S.), Robert Bosch GmBH (Germany), Meggitt Sensing Systems (U.S.), Siemens AG (Germany), Yokogawa Electric Corporation (Japan) and Infineon Technologies AG (Germany) among others.
Intelligent Sensor Market Global Market - Regional Analysis
geographically, the global intelligent sensors market has been segmented into four major regions such as Asia Pacific, North America, Europe, and the rest of the world. The Europe region is forecasted to dominate the global intelligent sensors market owing to the high demand for intelligent sensors in the rapidly developing automotive industry, for production of technologically advanced automobiles in this region. The North America region is projecting to expand at a significant growth rate in the global intelligent sensor market owing to the increasing usage of smart sensors in consumer electronic devices in this region. Increasing incorporation of intelligent sensors in various industrial sectors for automation of manufacturing and production process and increasing awareness regarding the use of intelligent sensors in the healthcare sector are propelling the growth of the intelligent sensors market in the Asia Pacific region.
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Intended Audience
- Component Manufacturers
- Electronic components
- Government bodies
- Research organizations
- Chip designers
- Equipment manufacturers
- Electronic manufacturers
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About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services.
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