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Smart Sensor Market Report by Type (Touch Sensor, Image Sensor, Temperature Sensor, Motion Sensor, Position Sensor, Pressure Sensor), End User (Automotive, Consumer Electronics, Infrastructure, Healthcare, and Others), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A4089
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Market Overview:
The global smart sensor market size reached US$ 56.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 162.4 Billion by 2032, exhibiting a growth rate (CAGR) of 12.1% during 2024-2032.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 56.2 Billion |
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Market Forecast in 2032
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US$ 162.4 Billion |
| Market Growth Rate (2024-2032) | 12.1% |
A smart sensor is an electronic device used for receiving inputs from the environment and performing predefined functions through in-built computer resources. It transforms the input into measurable electrical signals, which are processed by the microcontrollers, transceivers and amplifiers to perform the required actions. Smart sensors are integrated with the internet of things (IoT) and are used for measuring temperature, mass, speed, pressure and heat. Some of the commonly available smart sensors include touch, image, temperature, motion, pressure and position sensors, which are used for configuration, verification and communication of information. They offer advanced functionalities, such as self-calibration, cloud-support and multiple sensing and computation capabilities. As a result, they are widely used across industries, such as healthcare, defense, electronics and aerospace.
Smart Sensor Market Trends:
Rapid digitization, along with the increasing requirement for industrial automation, is one of the key factors driving the growth of the market. For instance, smart sensors are widely used in automobiles for auto-braking, blind-spot detection, lane departure alerts and safety errors. Moreover, the increasing deployment of smart grids, smart cities and automated forest fire control, snow level monitoring and early earthquake detection systems, are providing a thrust to the market growth. In line with this, the widespread adoption of smart sensors in wearable devices is also contributing to the growth of the market. Various product innovations, such as the development of cost-effective and stick-on or printed sensors, are acting as other growth-inducing factors. These sensors can be attached to devices and labels to measure various physical parameters, such as humidity, temperature and gas. Other factors, including extensive research and development (R&D) activities, along with the implementation of favorable government policies promoting infrastructural development, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global smart sensor market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type and end user.
Breakup by Type:
- Touch Sensor
- Image Sensor
- Temperature Sensor
- Motion Sensor
- Position Sensor
- Pressure Sensor
Breakup by End User:
- Automotive
- Consumer Electronics
- Infrastructure
- Healthcare
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., Analog Devices Inc., Eaton, Honeywell International Inc., Infineon Technologies AG, NXP Semiconductors, Renesas Electronics Corporation, Robert Bosch GmbH, Siemens AG, STMicroelectronics, TDK Corporation and Texas Instruments Incorporated.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Type, End User, Region |
| Regions Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | ABB Ltd., Analog Devices Inc., Eaton, Honeywell International Inc., Infineon Technologies AG, NXP Semiconductors, Renesas Electronics Corporation, Robert Bosch GmbH, Siemens AG, STMicroelectronics, TDK Corporation and Texas Instruments Incorporated |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global smart sensor market was valued at US$ 56.2 Billion in 2023.
We expect the global smart sensor market to exhibit a CAGR of 12.1% during 2024-2032.
The rising demand for smart sensors across various industries, including healthcare, defense, aerospace, etc., as they offer self-calibration, cloud-support, and sensing and computation capabilities, is primarily driving the global smart sensor market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for smart sensors.
Based on the type, the global smart sensor market has been divided into touch sensor, image sensor, temperature sensor, motion sensor, position sensor, and pressure sensor. Among these, image sensor currently holds the majority of the total market share.
Based on the end user, the global smart sensor market can be segmented into automotive, consumer electronics, infrastructure, healthcare, and others. Currently, automotive exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global smart sensor market include ABB Ltd., Analog Devices Inc., Eaton, Honeywell International Inc., Infineon Technologies AG, NXP Semiconductors, Renesas Electronics Corporation, Robert Bosch GmbH, Siemens AG, STMicroelectronics, TDK Corporation, and Texas Instruments Incorporated.
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