Transparency Market Research

Smart/Intelligent Sensors Market Growth Rate Analysis by 2020

Transparency Market Research Added A New Report "Smart And Intelligent Sensors Market" And Its Full Database.


Albany, NY -- (SBWIRE) -- 04/22/2015 -- Smart/Intelligent sensors, which are smaller and more diversely functional than ever before, are rapidly growing in importance in such diverse applications as healthcare monitoring, automotive application, collision prevention, and oil platforms.

Using an easily comprehensible chapter-wise layout augmented with an array of tables and graphs, the report systematically examines the data regarding the global smart/ intelligent sensors market.

The report also analyzes growth drivers, inhibitors, opportunities, and the value chain of the smart/intelligent sensors market. Further, the report analyzes the various product types and applications of smart/intelligent sensors on a regional and global basis.

The report makes extensive use of primary and secondary sources of information and industry-centric tools and research techniques for the purpose of the study. The report serves as a valuable asset for business and investment planning, competitive analysis, and scope of growth for manufacturers, suppliers, and wholesalers in the smart/intelligent sensors market.

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Overview of the smart/ intelligent sensors market

Driven by incessant sales of electronic devices and automobiles, the global smart/ intelligent sensors market, valued at US$ 9.0 billion in 2012, is expected to reach US$21.60 billion by 2019 at a CAGR of 12.2% from 2013 to 2019.

Technological advancement and growing demand for electronic devices with advanced features is currently driving the market for smart/ intelligent sensors. In current times, smart/intelligent sensors are an integral part of handheld electronic devices, cars, and medical equipment that offers advanced features. Additionally, smart/intelligent sensors have widespread application for transportation, logistics, and infrastructure. Further, the increasing demand for smart sensors in defense and other security agencies is also a major driver of the market.

Owing to their large application base, smart/intelligent sensors are available in various types such as smart pressure sensors, image sensors, smart temperature sensors, touch sensors, and others.

By regional distribution, Europe exhibited the highest demand for smart/ intelligent sensors in 2012 on account of high standards for healthcare in the region. This was followed by North America on account of high demand for consumer electronics and advanced medical devices in the region. Additionally, other applications such as avionics, infrastructure, and industrial are further driving the demand for smart/intelligent sensors in the region.

Although the smart/ intelligent sensors market looks promising for growth opportunities, cost factors and the global economic recession is posing a threat to the market. These factors restrict the funding granted to research and development activities in the field.

Key players in the smart/intelligent sensors market

The report profiles in detail the key players in the market, namely ABB Ltd., Yokogawa Electric Corporation Analog Devices, Inc., Custom Sensors & Technologies, Inc., Eaton Corp., Emerson Process Management, Delphi Automotive LLP, Meggitt Sensing Systems, Invensys plc, Oceana Sensor Technologies, Honeywell International, Inc., Robert Bosch GmBH, and Siemens AG.

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About Transparency Market Research
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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