Smart/Intelligent Sensors Market Valuation US $21.60 Bn by 2019: Technological Advancement Will Increase Demands in Near Future
Driven by continuous growth in sales of smartphones, tablets, cars and others devices, global market for smart/intelligent sensors was valued at USD 9.0 billion in 2012 and is expected to reach USD 21.60 billion by 2019, growing at a CAGR of 12.2% during the forecast period from 2013 to 2019. Smart/intelligent sensors are now being incorporated in devices such as smartphones, cars and medical equipment enabling them provide advanced features.
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