Albany, NY -- (SBWIRE) -- 01/10/2018 -- 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.

Increasing demand of smartphones, tablets and PCs among others has additionally supported the market growth. Smart/intelligent sensors are widely used across different industries such as industrial, consumer electronics, medical, automobile and avionics among others. At present, various types of smart/intelligent sensors are being used namely image sensors, touch sensors, smart temperature sensors and smart pressure sensors among others. Technological advancements and the increasing demand for devices with high end features are the major factors driving the market at present. The market is likely to see high growth as the demand for consumer electronics and automobiles is expected to increase in the coming years

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This report has been segmented by type, application, and geography. The study also includes the drivers, restraints, and opportunities (DROs), and value chain of the smart/intelligent sensors market. In addition, the forecast from 2013 to 2019 has been covered with current and future trends that are expected to impact demand.

By geography, the market has been segmented into North America, Europe, Asia Pacific, and RoW. The present market size and forecast until 2019 have been provided in the report along with the detailed analysis and opportunities in these regions.

Geographically, Europe held the largest share in the smart/intelligent sensors market in 2012. The demand for smart sensors in Europe is primarily driven by the medical industry that has set high standards in the field of health care. Some of the automobile manufacturers based in Europe are supporting the demand for smart/intelligent sensors in the region. Some of the Europe based automobile manufacturers are Volkswagen, Toyota, BMW, Ford and Renault among others.

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North America followed Europe in terms of geographical market share. The growth in the region is attributed to the growing demand of consumer electronics and advanced medical equipments in the region. The market in this region is also supported by the automobile industry which has set strict regulations related to cars. Additionally, other end user segments such as infrastructure, industrial and avionics among others are also contributing to the growth of the smart/intelligent sensors in the region.

Smart/intelligent sensors market is highly fragmented. Custom Sensors & Technologies, Inc., ABB Ltd., Delphi Automotive LLP, Analog Devices, Inc., Eaton Corp., Honeywell International, Inc., Emerson Process Management, Invensys plc, Oceana Sensor Technologies, Robert Bosch GmBH, Meggitt Sensing Systems, Siemens AG and Yokogawa Electric Corporation among others are some of the key players in the smart/intelligent sensors market.

The report also analyzes macro economic factors influencing and inhibiting the growth of the market. Porter's five forces analysis offers insights on market competition throughout its value chain. In addition, the market attractiveness analysis provided in the report highlights key investing areas in this industry. The report will help manufacturers, suppliers, and distributors to understand the present and future trends in this market and formulate their strategies accordingly.

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The global smart/intelligent sensors market is segmented as below:

By product types

Image sensors
Touch sensors
Touch sensors
Smart temperature sensors
Smart pressure sensors
Smart position sensors

By end user

Industrial
Medical
Automotive
Consumer electronics
Infrastructure
Others (Avionics, food & beverage)

By geography

North America
Europe
Asia Pacific
Rest of the World (RoW)