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Global Industrial Smart Sensors Market to Exhibit a CAGR of 11.25% During 2017-2021


Albany, NY -- (SBWIRE) -- 09/14/2017 -- Smart sensors are used for sensing environmental factors like temperature, pressure, and humidity. Industrial smart sensors are ruggedized and suitable for an industrial setup, and are manufactured to withstand extreme temperatures, pressures, and vibrations. Industrial smart sensors are widely used in the process as well as discrete industries, but process industries have a higher contribution of revenue share. Process industries include power, oil and gas, water and wastewater, food and beverages, mining, and paper and pulp industries. Discrete industries include automotive and electrical and electronic industries.

The global industrial smart sensors market to grow at a CAGR of 11.25% during the period 2017-2021. The report covers the present scenario and the growth prospects of the global industrial smart sensors for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
- Americas

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Technavio's report, Global Industrial Smart Sensors Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Honeywell
- Infineon Technologies
- NXP Semiconductors
- STMicroelectronics
- Texas Instruments

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Other prominent vendors
- Analog Devices
- Atmel
- Eaton
- Kionix
- Knowles
- Robert Bosch

Market driver
- Growing demand for wearable technology
- For a full, detailed list, view our report

Market challenge
- Price surge due to use of fiber optics with industrial smart sensors
- For a full, detailed list, view our report

Market trend
- Implementation of IIoT
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?

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