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Smart Sensors Market By Sensor Type (Motion Sensors, Temperature & Humidity Sensors, Light Sensors, Position Sensors), By Technology (MEMS-based Smart Sensors, CMOS-based Smart Sensors), By Component (Analog-to-Digital Converter, Digital-to-Analog Converter, Amplifiers, Transceivers), By Connectivity Type (Wired and Wireless), By End-user (Automotive, Aerospace & Defense, Consumer Electronics, Healthcare, Industrial Automation) – Growth, Future Prospects and Competitive Landscape, 2019 – 2027

Summary
Table Of Content

Market Insights:

The global smart sensors market was valued at US$ 34.61 billion in 2018 and is projected to witness remarkable growth, expanding at a CAGR of 15.8% during the forecast period from 2019 to 2027. Sensors play a vital role in modern technology, and particularly with the advent of the Internet of Things (IoT), the demand and adoption of these have increased significantly. From inertial celestial navigation solutions in mobile phones and smart wearable solutions for health monitoring to autonomous driving, the demand for sensors has been growing at a rapid pace.

Smart sensors are innovative platforms with involved technologies such as storage, microprocessors, connectivity, and diagnostics tools that help transform conventional feedback signals into true digital insights. These sensors provide valuable and timely data underpinnings to power analytical insights that can, in turn, drive improvements in performance, cost, and customer experience. Rising penetration and utilization of the Internet of Things (IoT), along with growing automation in vehicles and smart wearables, are some of the major factors expected to boost the market for smart sensors worldwide.

Smart sensor computing capabilities have strengthened substantially over a period of time. This, thereby, aids in data processing and analysis at or near the source and reduces the amount of data that is transmitted between the device and the platform. In addition, the emergence of micro-electro-mechanical systems (MEMS) technology has permitted high functioning and the introduction of compact smart sensors by effectively incorporating microelectronic functions in minimal space.

Smart sensors are capable of automatically detecting faults during a particular operation and actively helping troubleshoot problems that may arise in the near future. Smart sensors represent a remarkable advancement over conventional sensors, as they empower automatically generated information about the environment with a fundamentally minimal mistake rate.

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Market Snapshot

Consumer Electronics to Augment the Growth of the Market during the Forecast Period from 2019 to 2027

Rapid advancements in semiconductor technology have led to the speedy development of smart sensor technologies that are used in various end-use verticals such as automotive, consumer electronics, healthcare, industrial, infrastructure, etc. In 2018, consumer electronics garnered the largest market share in the global smart sensor market. The segment is likely to grow at a substantial rate during the forecast period from 2019 to 2027. Smart sensors are being widely implemented in tablets, smartphones, and several other handheld and wearable devices.

These sensors are used to measure various parameters, such as temperature, motion, pressure, etc., in various consumer electronic devices. As a result, the rising penetration of various electronic devices with cutting-edge features is projected to propel the adoption of smart sensors in consumer electronics. With the advent of the Internet of Things (IoT), coupled with expanding automation in automobiles and smart wearable frameworks to keep track of health-related factors, it is relied upon to further widen the expansion of smart sensors in the automotive and healthcare industries in the years to come.

North America held the largest market share in 2018, while Asia Pacific emerged as the fastest-growing region during the forecast period.

Based on geography, North America dominated the smart sensor market in 2018 and is likely to reign during the forecast period from 2019 to 2027. Growing demand for smart homes and IoT is one of the major factors driving regional growth. The U.S. market led the North American market in 2018 and is expected to retain its position in the years to come. Asia Pacific is expected to emerge as the fastest-growing region during the forecast period. The use of smart sensors in several consumer electronic devices is projected to grow at a higher rate in the near future.

The evolving consumer electronics sector is poised to thrive with the growth prospects of the smart sensor market in the region. Also, the automotive industry in the Asia Pacific is likely to develop at a rapid pace, thereby boosting demand and providing growth opportunities for smart sensors in the region.

Competitive Insights

The major players identified in the smart sensors market include Honeywell International Inc., NXP Semiconductors N.V., Texas Instruments Inc., ABB Ltd., Emerson Electric Company, Eaton Corporation Plc, Renesas Electronic Corporation, Yokogawa Electric Corporation, Omron Corporation, Analog Devices, Inc., STMicroelectronics, T.E. Connectivity, Siemens AG, TDK Corporation, Robert Bosch GmbH, General Electric, and Sensirion AG, among others. These players are continually focusing on strengthening their product portfolios in order to cater to the rising needs of their customers. New product development and partnership remain some of the major strategies adopted by the leading players to have the edge over their counterparts.

Historical and Forecast Period

The research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.

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Report Scope by Segments

The smart electronics market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global smart sensor market based on sensor type, technology, component, connectivity type, end-user, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

What was the size of the smart sensor market in 2018, and what is the forecast up to 2027?
What are the key factors driving the global market for smart sensors?
What are the key market trends and high-growth opportunities observed in the smart sensor market?
What are the drivers of the smart sensor market?
Which is the largest regional market for smart sensors?
Which segment will grow at a faster pace? Why?
Which region will drive the market’s growth? Why?
Which players are leading the smart sensor market?
What are the sustainability strategies adopted by the key players operating in the market?

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global SS Market
2.2. Global SS Market, by Sensor Type, 2018 (US$ Bn)
2.3. Global SS Market, by Technology, 2018 (US$ Bn)
2.4. Global SS Market, by Component, 2018 (US$ Bn)
2.5. Global SS Market, by Connectivity Type, 2018 (US$ Bn)
2.6. Global SS Market, by End-user, 2018 (US$ Bn)
2.7. Global SS Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global SS Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Smart Sensors (SS) Market, by Sensor Type , 2017-2027 (US$ Bn)
4.1. Overview
4.2. Motion Sensors
4.3. Temperature & Humidity Sensors
4.4. Light Sensors
4.5. Position Sensors
4.6. Pressure Sensors
4.7. Touch Sensors
4.8. Image Sensors
4.9. Others (Leak Sensors, Chemical Sensors, Air Quality Sensors, etc.)

5. Global Smart Sensors (SS) Market, by Technology, 2017-2027 (US$ Bn)
5.1. Overview
5.2. MEMS-based SS
5.3. CMOS-based SS
5.4. Others (Optical Spectroscopy, etc.)

6. Global Smart Sensors (SS) Market, by Component, 2017-2027 (US$ Bn)
6.1. Overview
6.2. Analog-to-Digital Converter
6.3. Digital-to-Analog Converter
6.4. Amplifiers
6.5. Transceivers
6.6. Microcontrollers
6.7. Others (Transistors, Microprocessors, Transducers, etc.)

7. Global Smart Sensors (SS) Market, by Connectivity Type, 2017-2027 (US$ Bn)
7.1. Consumer Electronics
7.2. Wired
7.3. Wireless

8. Global Smart Sensors (SS) Market, by End-user, 2017-2027 (US$ Bn)
8.1. Automotive
8.2. Aerospace & Defense
8.3. Consumer Electronics
8.4. Healthcare
8.5. Industrial Automation
8.6. Building Automation
8.7. Others (Robotics, Education, Agriculture, etc.)

9. North America Smart Sensors (SS) Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. North America SS Market Value and Growth, 2017-2027, (US$ Bn)
9.2. North America SS Market Value, By Sensor Type, 2017-2027 (US$ Bn)
9.2.1. Market Analysis
9.3. North America SS Market Value, By Technology, 2017-2027 (US$ Bn)
9.3.1. Market Analysis
9.4. North America SS Market Value, By Component, 2017-2027 (US$ Bn)
9.4.1. Market Analysis
9.5. North America SS Market Value, By Connectivity Type, 2017-2027 (US$ Bn)
9.5.1. Market Analysis
9.6. North America SS Market Value, By End-user, 2017-2027 (US$ Bn)
9.6.1. Market Analysis
9.7. North America SS Market Value, By Region/Country, 2017-2027 (US$ Bn)
9.7.1. Market Analysis
9.7.2. U.S.
9.7.3. Rest of North America

10. Europe Smart Sensors (SS) Market Analysis, 2017-2027 (US$ Bn)
10.1. Overview
10.1.1. Europe SS Market Value and Growth, 2017-2027, (US$ Bn)
10.2. Europe SS Market Value, By Sensor Type, 2017-2027 (US$ Bn)
10.2.1. Market Analysis
10.3. Europe SS Market Value, By Technology, 2017-2027 (US$ Bn)
10.3.1. Market Analysis
10.4. Europe SS Market Value, By Component, 2017-2027 (US$ Bn)
10.4.1. Market Analysis
10.5. Europe SS Market Value, By Connectivity Type, 2017-2027 (US$ Bn)
10.5.1. Market Analysis
10.6. Europe SS Market Value, By End-user, 2017-2027 (US$ Bn)
10.6.1. Market Analysis
10.7. Europe SS Market Value, By Region/Country, 2017-2027 (US$ Bn)
10.7.1. Market Analysis
10.7.2. U.K.
10.7.3. Germany
10.7.4. France
10.7.5. Rest of Europe

11. Asia Pacific Smart Sensors (SS) Market Analysis, 2017-2027 (US$ Bn)
11.1. Overview
11.1.1. Asia Pacific SS Market Value and Growth, 2017-2027, (US$ Bn)
11.2. Asia Pacific SS Market Value, By Sensor Type, 2017-2027 (US$ Bn)
11.2.1. Market Analysis
11.3. Asia Pacific SS Market Value, By Technology, 2017-2027 (US$ Bn)
11.3.1. Market Analysis
11.4. Asia Pacific SS Market Value, By Component, 2017-2027 (US$ Bn)
11.4.1. Market Analysis
11.5. Asia Pacific SS Market Value, By Connectivity Type, 2017-2027 (US$ Bn)
11.5.1. Market Analysis
11.6. Asia Pacific SS Market Value, By End-user, 2017-2027 (US$ Bn)
11.6.1. Market Analysis
11.7. Asia Pacific SS Market Value, By Region/Country, 2017-2027 (US$ Bn)
11.7.1. Market Analysis
11.7.2. Japan
11.7.3. China
11.7.4. India
11.7.5. Rest of Asia Pacific

12. Rest of the World Smart Sensors (SS) Market Analysis, 2017-2027 (US$ Bn)
12.1. Overview
12.1.1. Rest of the World SS Market Value and Growth, 2017-2027, (US$ Bn)
12.2. Rest of the World SS Market Value, By Sensor Type, 2017-2027 (US$ Bn)
12.2.1. Market Analysis
12.3. Rest of the World SS Market Value, By Technology, 2017-2027 (US$ Bn)
12.3.1. Market Analysis
12.4. Rest of the World SS Market Value, By Component, 2017-2027 (US$ Bn)
12.4.1. Market Analysis
12.5. Rest of the World SS Market Value, By Connectivity Type, 2017-2027 (US$ Bn)
12.5.1. Market Analysis
12.6. Rest of the World SS Market Value, By End-user, 2017-2027 (US$ Bn)
12.6.1. Market Analysis
12.7. Rest of the World SS Market Value, By Region, 2017-2027 (US$ Bn)
12.7.1. Market Analysis
12.7.2. Middle East & Africa
12.7.3. Latin America

13. Company Profiles
13.1. Honeywell International Inc.
13.2. NXP Semiconductor N.V. (The Netherlands)
13.3. Texas Instruments Inc. (U.S.)
13.4. Rockwell Automation (U.S.)
13.5. ABB Ltd.
13.6. Emerson Electric Company (U.S.)
13.7. Eaton Corporation PLC (Ireland)
13.8. Renesas Electronics Corporation (Japan)
13.9. Yokogawa Electric Corporation
13.10. Omron Corporation

List of Figures

FIG. 1 Global Smart Sensors (SS) Market: Research Methodology
FIG. 2 Market Size Estimation – Top-Down and Bottom Up Approach
FIG. 3 Global SS Market Segmentation
FIG. 4 Global SS Market, by Sensor Type, 2018 (US$ Bn)
FIG. 5 Global SS Market, by Technology, 2018 (US$ Bn)
FIG. 6 Global SS Market, by Component, 2018 (US$ Bn)
FIG. 7 Global SS Market, by Connectivity Type, 2018 (US$ Bn)
FIG. 8 Global SS Market, by End-user, 2018 (US$ Bn)
FIG. 9 Global SS Market, by Geography, 2018 (US$ Bn)
FIG. 10 Global SS Market Value, 2017-2027, (US$ Bn) and (Y-o-Y%)
FIG. 11 Attractive Investment Proposition, by Geography, 2018
FIG. 12 Global Market Positioning of Key SS Providers, 2018
FIG. 13 Global SS Market Value Share, by Sensor Type, 2018 & 2027 (Value %)
FIG. 14 Global Motion Sensors Market Value, 2017-2027, (US$ Bn)
FIG. 15 Global Temperature & Humidity Sensors Market Value, 2017-2027, (US$ Bn)
FIG. 16 Global Light Sensors Market Value, 2017-2027, (US$ Bn)
FIG. 17 Global Position Sensors Market Value, 2017-2027, (US$ Bn)
FIG. 18 Global Pressure Sensors Market Value, 2017-2027, (US$ Bn)
FIG. 19 Global Touch Sensors Market Value, 2017-2027, (US$ Bn)
FIG. 20 Global Image Sensors Market Value, 2017-2027, (US$ Bn)
FIG. 21 Global SS Market Value for Others, 2017-2027, (US$ Bn)
FIG. 22 Global SS Market Value Share, by Technology, 2018 & 2027 (Value %)
FIG. 23 Global MEMS-based SS Market Value, 2017-2027, (US$ Bn)
FIG. 24 Global CMOS-based SS Market Value, 2017-2027, (US$ Bn)
FIG. 25 Global SS Market Value for Others, 2017-2027, (US$ Bn)
FIG. 26 Global SS Market Value Share, by Component, 2018 & 2027 (Value %)
FIG. 27 Global Analog-to-Digital Converter Market Value, 2017-2027, (US$ Bn)
FIG. 28 Global Digital-to-Analog Converter Market Value, 2017-2027, (US$ Bn)
FIG. 29 Global Amplifiers Market Value, 2017-2027, (US$ Bn)
FIG. 30 Global Transceivers Market Value, 2017-2027, (US$ Bn)
FIG. 31 Global Microcontrollers Market Value, 2017-2027, (US$ Bn)
FIG. 32 Global SS Market Value for Others, 2017-2027, (US$ Bn)
FIG. 33 Global SS Market Value Share, by Connectivity Type, 2018 & 2027 (Value %)
FIG. 34 Global Wired SS Market Value, 2017-2027, (US$ Bn)
FIG. 35 Global Wireless SS Market Value, 2017-2027, (US$ Bn)
FIG. 36 Global SS Market Value Share, by End-user, 2018 & 2027 (Value %)
FIG. 37 Global SS Market Value for Automotive, 2017-2027, (US$ Bn)
FIG. 38 Global SS Market Value for Aerospace & Defense, 2017-2027, (US$ Bn)
FIG. 39 Global SS Market Value for Consumer Electronics, 2017-2027, (US$ Bn)
FIG. 40 Global SS Market Value for Healthcare, 2017-2027, (US$ Bn)
FIG. 41 Global SS Market Value for Industrial Automation, 2017-2027, (US$ Bn)
FIG. 42 Global SS Market Value for Building Automation, 2017-2027, (US$ Bn)
FIG. 43 Global SS Market Value for Others, 2017-2027, (US$ Bn)
FIG. 44 North America SS Market Value, 2017-2027, (US$ Bn)
FIG. 45 Europe SS Market Value, 2017-2027, (US$ Bn)
FIG. 46 Asia Pacific SS Market Value, 2017-2027, (US$ Bn)
FIG. 47 RoW SS Market Value, 2017-2027, (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Smart Sensors (SS) Market Value
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global SS Market, by Sensor Type, 2017-2027 (US$ Bn)
TABLE 5 Global SS Market, by Technology, 2017-2027 (US$ Bn)
TABLE 6 Global SS Market, by Component, 2017 – 2027 (US$ Bn)
TABLE 7 Global SS Market, by Connectivity Type, 2017 – 2027 (US$ Bn)
TABLE 8 Global SS Market, by End-user, 2017 – 2027 (US$ Bn)
TABLE 9 Global SS Market, by Geography, 2017-2027 (US$ Bn)
TABLE 10 North America SS Market, by Sensor Type, 2017-2027 (US$ Bn)
TABLE 11 North America SS Market, by Technology, 2017-2027 (US$ Bn)
TABLE 12 North America SS Market, by Component, 2017 – 2027 (US$ Bn)
TABLE 13 North America SS Market, by Connectivity Type, 2017 – 2027 (US$ Bn)
TABLE 14 North America SS Market, by End-user, 2017 – 2027 (US$ Bn)
TABLE 15 North America SS Market Value, by Region/Country, 2017-2027 (US$ Bn)
TABLE 16 Europe SS Market, by Sensor Type, 2017-2027 (US$ Bn)
TABLE 17 Europe SS Market, by Technology, 2017-2027 (US$ Bn)
TABLE 18 Europe SS Market, by Component, 2017 – 2027 (US$ Bn)
TABLE 19 Europe SS Market, by Connectivity Type, 2017 – 2027 (US$ Bn)
TABLE 20 Europe SS Market, by End-user, 2017 – 2027 (US$ Bn)
TABLE 21 Europe SS Market Value, by Region/Country, 2017-2027 (US$ Bn)
TABLE 22 Asia Pacific SS Market, by Sensor Type, 2017-2027 (US$ Bn)
TABLE 23 Asia Pacific SS Market, by Technology, 2017 -2027 (US$ Bn)
TABLE 24 Asia Pacific SS Market, by Component, 2017 – 2027 (US$ Bn)
TABLE 25 Asia Pacific SS Market, by Connectivity Type, 2017 – 2027 (US$ Bn)
TABLE 26 Asia Pacific SS Market, by End-user, 2017 – 2027 (US$ Bn)
TABLE 27 Asia Pacific SS Market Value, by Region/Country, 2017-2027 (US$ Bn)
TABLE 28 Rest of the World SS Market, by Sensor Type, 2017-2027 (US$ Bn)
TABLE 29 Rest of the World SS Market, by Technology, 2017-2027 (US$ Bn)
TABLE 30 Rest of the World SS Market, by Component, 2017 – 2027 (US$ Bn)
TABLE 31 Rest of the World SS Market, by Connectivity Type, 2017 – 2027 (US$ Bn)
TABLE 32 Rest of the World SS Market, by End-user, 2017 – 2027 (US$ Bn)
TABLE 33 Rest of the World SS Market Value, by Region, 2017-2027 (US$ Bn)
TABLE 34 Honeywell International Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 35 NXP Semiconductors N.V.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 36 Texas Instruments Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 37 Rockwell Automation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 38 ABB Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 39 Emerson Electric Company: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 40 Eaton Corporation Plc: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 41 Renesas Electronics Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 42 Yokogawa Electric Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 43 Omron Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)

Frequently Asked Question:

What is the size of Smart Sensors Market?

The market for Smart Sensors Market is expected to reach USD$ 34.61 Bn in 2027.

What is the Smart Sensors Market CAGR?

The Smart Sensors Market is expected to see significant CAGR growth over the coming years, at 15.8%.

What is the Forecast period considered for Smart Sensors Market?

The report is forecasted from 2019 -2027.

What is the base year considered for Smart Sensors Market?

The base year of this report is 2018.

Who are the major players in this market?

Renesas Electronic Corporation, Yokogawa Electric Corporation, Omron Corporation, Analog Devices, Inc.are some of the major players in the global market.

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