Smart Sensors Market By Sensor Type (Motion Sensors, Temperature & Humidity Sensors, Light Sensors, Position Sensors), By Technology (MEMS-based Smart Sensors, CMOS-based Smart Sensors), By Component (Analog-to-Digital Converter, Digital-to-Analog Converter, Amplifiers, Transceivers), By Connectivity Type (Wired and Wireless), By End-user (Automotive, Aerospace & Defense, Consumer Electronics, Healthcare, Industrial Automation) - Growth, Future Prospects and Competitive Landscape, 2019 – 2027
Overview:
The global smart sensors market was valued at US$ 34.61 Bn in 2018 and is projected to witness remarkable growth, expanding at a CAGR of 15.8% during the forecast period from 2019 to 2027. Sensors play a vital role in modern technology, particularly with the advent of the internet of things (IoT), the demand and adoption of these has increased significantly. From inertial celestial navigation solutions in mobile phones and smart wearable solutions for health monitoring to autonomous driving, demand for sensors has been growing at a rapid pace. Smart sensors are innovative platforms with involved technologies such as storage, microprocessors, connectivity and diagnostics tools that help transforming conventional feedback signals into true digital insights. These sensors provide valuable and timely data underpinnings to power analytical insights that can in turn drive improvements in performance, cost and customer experience. Rising penetration and utilization of internet of things (IoT) along with growing automation in vehicles and smart wearables are some of the major factors expected to boost the market for smart sensors worldwide.
Smart sensor computing capabilities have strengthened substantially over a period of time. This, thereby is aiding data processing, analysis at or nearby the source and is plummeting the amount of data that is transmitted between the device and platform. In addition, emergence of micro-electro-mechanical systems (MEMS) technology have permitted high functioning and introduction of compact smart sensors by effectually incorporating microelectronic functions in minimal space. Smart sensors are capable of automatically detecting faults during a particular operation and actively help in troubleshooting problems that may arise in the near future. Smart sensors depict a remarkable advancement over the conventional sensors, as they empower the automatically generated information about the environment, with fundamentally minimal mistake rate.
"Consumer Electronics to Augment the Growth of the Market during the Forecast Period from 2019 to 2027"
Rapid advancements in the semiconductor technology has led to the speedy development of smart sensor technologies that are used in various end-use verticals such as automotive, consumer electronics, healthcare, industrial, infrastructure, etc. In 2018, consumer electronics garnered largest market share in the global smart sensors market. The segment is likely to grow at a substantial rate during the forecast period from 2019 to 2027. Smart sensors are being widely implemented in tablets, smartphones and in several other handheld & wearable devices. These sensors are used to measure various parameters such as temperature, motion, pressure, etc. in various consumer electronic devices. As a result, rising penetration of various electronic devices with cutting-edge features is projected to propel the adoption of smart sensors in consumer electronics. With the advent of internet of things (IoT) coupled with expanding automation in automobiles and smart wearable frameworks to keep a track on health-related factors, is relied upon to further widen the expansion of smart sensors in the automotive and healthcare industries in the years to come.
"North America held Largest Market Share in 2018, while Asia Pacific to Emerge as the Fastest Growing Region during the Forecast Period"
Based on geography, North America dominated the smart sensors market in 2018 and is likely to reign during the forecast period from 2019 to 2027. Growing demand for smart homes and IoT is one of the major factor driving the regional growth. The U.S. market led the North American market in 2018 and expected to retain its position in the years to come. Asia Pacific is expected to emerge as the fastest growing region during the forecast period. The use of smart sensors in several consumer electronic devices is projected to grow at a higher growth rate in the near future. Evolving consumer electronics sector is poised to thrive the growth prospects of smart sensors market in the region. Also, automotive industry in Asia Pacific is likely to develop at a rapid pace, thereby boosting the demand and providing growth opportunities to the smart sensors in the region.
Competitive Insights
The major players identified in the smart sensors market include Honeywell International Inc., NXP Semiconductors N.V., Texas Instruments Inc., ABB Ltd., Emerson Electric Company, Eaton Corporation Plc, Renesas Electronic Corporation, Yokogawa Electric Corporation, Omron Corporation, Analog Devices, Inc., STMicroelectronics, TE Connectivity, Siemens AG, TDK Corporation, Robert Bosch GmbH, General Electric, and Sensirion AG among others. These players are continually focusing on strengthening their product portfolio in order to cater the rising needs of the customers. New product development and partnership remains some of the major strategies adopted by the leading players to have an edge over their counterparts.
Historical & Forecast Period
The research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
Smart electronics market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global smart sensors market based on sensor type, technology, component, connectivity type, end-user, and geography. Key segments covered in the report are as follows:
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2017-2027 |
| Base Year | 2018 |
| Forecast Period | 2019-2027 |
| Historical Year | 2017 |
| Unit | USD Billion |
| Segmentation |
Sensor Type Segment (2017-2027; US$ Bn) |
|
Technology Segment (2017 – 2027; US$ Bn) |
|
|
Component Segment (2017 – 2027; US$ Bn) |
|
|
Connectivity Segment (2017 – 2027; US$ Bn) |
|
|
End-user Segment (2017 – 2027; US$ Bn) |
|
|
Geography Segment (2017-2027; US$ Bn) |
Key questions answered in this report
- What was the market size of smart sensors market in 2018 and forecast up to 2027?
- What are the key factors driving the global smart sensors market?
- What are the key market trends and high-growth opportunities observed in the smart sensors market?
- What are the drivers of the smart sensors market?
- Which is the largest regional market for smart sensors market?
- Which segment will grow at a faster pace? Why?
- Which region will drive the market growth? Why?
- Which players are leading the smart sensors market?
- What are the sustainability strategies adopted by the key players operating in the market?
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global SS Market
2.2. Global SS Market, by Sensor Type, 2018 (US$ Bn)
2.3. Global SS Market, by Technology, 2018 (US$ Bn)
2.4. Global SS Market, by Component, 2018 (US$ Bn)
2.5. Global SS Market, by Connectivity Type, 2018 (US$ Bn)
2.6. Global SS Market, by End-user, 2018 (US$ Bn)
2.7. Global SS Market, by Geography, 2018 (US$ Bn)
3. Market Dynamics
3.1. Introduction
3.1.1. Global SS Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players
4. Global Smart Sensors (SS) Market, by Sensor Type , 2017-2027 (US$ Bn)
4.1. Overview
4.2. Motion Sensors
4.3. Temperature & Humidity Sensors
4.4. Light Sensors
4.5. Position Sensors
4.6. Pressure Sensors
4.7. Touch Sensors
4.8. Image Sensors
4.9. Others (Leak Sensors, Chemical Sensors, Air Quality Sensors, etc.)
5. Global Smart Sensors (SS) Market, by Technology, 2017-2027 (US$ Bn)
5.1. Overview
5.2. MEMS-based SS
5.3. CMOS-based SS
5.4. Others (Optical Spectroscopy, etc.)
6. Global Smart Sensors (SS) Market, by Component, 2017-2027 (US$ Bn)
6.1. Overview
6.2. Analog-to-Digital Converter
6.3. Digital-to-Analog Converter
6.4. Amplifiers
6.5. Transceivers
6.6. Microcontrollers
6.7. Others (Transistors, Microprocessors, Transducers, etc.)
7. Global Smart Sensors (SS) Market, by Connectivity Type, 2017-2027 (US$ Bn)
7.1. Consumer Electronics
7.2. Wired
7.3. Wireless
8. Global Smart Sensors (SS) Market, by End-user, 2017-2027 (US$ Bn)
8.1. Automotive
8.2. Aerospace & Defense
8.3. Consumer Electronics
8.4. Healthcare
8.5. Industrial Automation
8.6. Building Automation
8.7. Others (Robotics, Education, Agriculture, etc.)
9. North America Smart Sensors (SS) Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. North America SS Market Value and Growth, 2017-2027, (US$ Bn)
9.2. North America SS Market Value, By Sensor Type, 2017-2027 (US$ Bn)
9.2.1. Market Analysis
9.3. North America SS Market Value, By Technology, 2017-2027 (US$ Bn)
9.3.1. Market Analysis
9.4. North America SS Market Value, By Component, 2017-2027 (US$ Bn)
9.4.1. Market Analysis
9.5. North America SS Market Value, By Connectivity Type, 2017-2027 (US$ Bn)
9.5.1. Market Analysis
9.6. North America SS Market Value, By End-user, 2017-2027 (US$ Bn)
9.6.1. Market Analysis
9.7. North America SS Market Value, By Region/Country, 2017-2027 (US$ Bn)
9.7.1. Market Analysis
9.7.2. U.S.
9.7.3. Rest of North America
10. Europe Smart Sensors (SS) Market Analysis, 2017-2027 (US$ Bn)
10.1. Overview
10.1.1. Europe SS Market Value and Growth, 2017-2027, (US$ Bn)
10.2. Europe SS Market Value, By Sensor Type, 2017-2027 (US$ Bn)
10.2.1. Market Analysis
10.3. Europe SS Market Value, By Technology, 2017-2027 (US$ Bn)
10.3.1. Market Analysis
10.4. Europe SS Market Value, By Component, 2017-2027 (US$ Bn)
10.4.1. Market Analysis
10.5. Europe SS Market Value, By Connectivity Type, 2017-2027 (US$ Bn)
10.5.1. Market Analysis
10.6. Europe SS Market Value, By End-user, 2017-2027 (US$ Bn)
10.6.1. Market Analysis
10.7. Europe SS Market Value, By Region/Country, 2017-2027 (US$ Bn)
10.7.1. Market Analysis
10.7.2. U.K.
10.7.3. Germany
10.7.4. France
10.7.5. Rest of Europe
11. Asia Pacific Smart Sensors (SS) Market Analysis, 2017-2027 (US$ Bn)
11.1. Overview
11.1.1. Asia Pacific SS Market Value and Growth, 2017-2027, (US$ Bn)
11.2. Asia Pacific SS Market Value, By Sensor Type, 2017-2027 (US$ Bn)
11.2.1. Market Analysis
11.3. Asia Pacific SS Market Value, By Technology, 2017-2027 (US$ Bn)
11.3.1. Market Analysis
11.4. Asia Pacific SS Market Value, By Component, 2017-2027 (US$ Bn)
11.4.1. Market Analysis
11.5. Asia Pacific SS Market Value, By Connectivity Type, 2017-2027 (US$ Bn)
11.5.1. Market Analysis
11.6. Asia Pacific SS Market Value, By End-user, 2017-2027 (US$ Bn)
11.6.1. Market Analysis
11.7. Asia Pacific SS Market Value, By Region/Country, 2017-2027 (US$ Bn)
11.7.1. Market Analysis
11.7.2. Japan
11.7.3. China
11.7.4. India
11.7.5. Rest of Asia Pacific
12. Rest of the World Smart Sensors (SS) Market Analysis, 2017-2027 (US$ Bn)
12.1. Overview
12.1.1. Rest of the World SS Market Value and Growth, 2017-2027, (US$ Bn)
12.2. Rest of the World SS Market Value, By Sensor Type, 2017-2027 (US$ Bn)
12.2.1. Market Analysis
12.3. Rest of the World SS Market Value, By Technology, 2017-2027 (US$ Bn)
12.3.1. Market Analysis
12.4. Rest of the World SS Market Value, By Component, 2017-2027 (US$ Bn)
12.4.1. Market Analysis
12.5. Rest of the World SS Market Value, By Connectivity Type, 2017-2027 (US$ Bn)
12.5.1. Market Analysis
12.6. Rest of the World SS Market Value, By End-user, 2017-2027 (US$ Bn)
12.6.1. Market Analysis
12.7. Rest of the World SS Market Value, By Region, 2017-2027 (US$ Bn)
12.7.1. Market Analysis
12.7.2. Middle East & Africa
12.7.3. Latin America
13. Company Profiles
13.1. Honeywell International Inc.
13.2. NXP Semiconductor N.V. (The Netherlands)
13.3. Texas Instruments Inc. (U.S.)
13.4. Rockwell Automation (U.S.)
13.5. ABB Ltd.
13.6. Emerson Electric Company (U.S.)
13.7. Eaton Corporation PLC (Ireland)
13.8. Renesas Electronics Corporation (Japan)
13.9. Yokogawa Electric Corporation
13.10. Omron Corporation
* Here we are using SS as a short form of Smart Sensors
TABLE 1 Market Snapshot: Global Smart Sensors (SS) Market Value
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global SS Market, by Sensor Type, 2017-2027 (US$ Bn)
TABLE 5 Global SS Market, by Technology, 2017-2027 (US$ Bn)
TABLE 6 Global SS Market, by Component, 2017 - 2027 (US$ Bn)
TABLE 7 Global SS Market, by Connectivity Type, 2017 - 2027 (US$ Bn)
TABLE 8 Global SS Market, by End-user, 2017 - 2027 (US$ Bn)
TABLE 9 Global SS Market, by Geography, 2017-2027 (US$ Bn)
TABLE 10 North America SS Market, by Sensor Type, 2017-2027 (US$ Bn)
TABLE 11 North America SS Market, by Technology, 2017-2027 (US$ Bn)
TABLE 12 North America SS Market, by Component, 2017 - 2027 (US$ Bn)
TABLE 13 North America SS Market, by Connectivity Type, 2017 - 2027 (US$ Bn)
TABLE 14 North America SS Market, by End-user, 2017 - 2027 (US$ Bn)
TABLE 15 North America SS Market Value, by Region/Country, 2017-2027 (US$ Bn)
TABLE 16 Europe SS Market, by Sensor Type, 2017-2027 (US$ Bn)
TABLE 17 Europe SS Market, by Technology, 2017-2027 (US$ Bn)
TABLE 18 Europe SS Market, by Component, 2017 - 2027 (US$ Bn)
TABLE 19 Europe SS Market, by Connectivity Type, 2017 - 2027 (US$ Bn)
TABLE 20 Europe SS Market, by End-user, 2017 - 2027 (US$ Bn)
TABLE 21 Europe SS Market Value, by Region/Country, 2017-2027 (US$ Bn)
TABLE 22 Asia Pacific SS Market, by Sensor Type, 2017-2027 (US$ Bn)
TABLE 23 Asia Pacific SS Market, by Technology, 2017 -2027 (US$ Bn)
TABLE 24 Asia Pacific SS Market, by Component, 2017 - 2027 (US$ Bn)
TABLE 25 Asia Pacific SS Market, by Connectivity Type, 2017 - 2027 (US$ Bn)
TABLE 26 Asia Pacific SS Market, by End-user, 2017 - 2027 (US$ Bn)
TABLE 27 Asia Pacific SS Market Value, by Region/Country, 2017-2027 (US$ Bn)
TABLE 28 Rest of the World SS Market, by Sensor Type, 2017-2027 (US$ Bn)
TABLE 29 Rest of the World SS Market, by Technology, 2017-2027 (US$ Bn)
TABLE 30 Rest of the World SS Market, by Component, 2017 - 2027 (US$ Bn)
TABLE 31 Rest of the World SS Market, by Connectivity Type, 2017 - 2027 (US$ Bn)
TABLE 32 Rest of the World SS Market, by End-user, 2017 - 2027 (US$ Bn)
TABLE 33 Rest of the World SS Market Value, by Region, 2017-2027 (US$ Bn)
TABLE 34 Honeywell International Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 35 NXP Semiconductors N.V.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 36 Texas Instruments Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 37 Rockwell Automation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 38 ABB Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 39 Emerson Electric Company: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 40 Eaton Corporation Plc: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 41 Renesas Electronics Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 42 Yokogawa Electric Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 43 Omron Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
FIG. 1 Global Smart Sensors (SS) Market: Research Methodology
FIG. 2 Market Size Estimation – Top-Down and Bottom Up Approach
FIG. 3 Global SS Market Segmentation
FIG. 4 Global SS Market, by Sensor Type, 2018 (US$ Bn)
FIG. 5 Global SS Market, by Technology, 2018 (US$ Bn)
FIG. 6 Global SS Market, by Component, 2018 (US$ Bn)
FIG. 7 Global SS Market, by Connectivity Type, 2018 (US$ Bn)
FIG. 8 Global SS Market, by End-user, 2018 (US$ Bn)
FIG. 9 Global SS Market, by Geography, 2018 (US$ Bn)
FIG. 10 Global SS Market Value, 2017-2027, (US$ Bn) and (Y-o-Y%)
FIG. 11 Attractive Investment Proposition, by Geography, 2018
FIG. 12 Global Market Positioning of Key SS Providers, 2018
FIG. 13 Global SS Market Value Share, by Sensor Type, 2018 & 2027 (Value %)
FIG. 14 Global Motion Sensors Market Value, 2017-2027, (US$ Bn)
FIG. 15 Global Temperature & Humidity Sensors Market Value, 2017-2027, (US$ Bn)
FIG. 16 Global Light Sensors Market Value, 2017-2027, (US$ Bn)
FIG. 17 Global Position Sensors Market Value, 2017-2027, (US$ Bn)
FIG. 18 Global Pressure Sensors Market Value, 2017-2027, (US$ Bn)
FIG. 19 Global Touch Sensors Market Value, 2017-2027, (US$ Bn)
FIG. 20 Global Image Sensors Market Value, 2017-2027, (US$ Bn)
FIG. 21 Global SS Market Value for Others, 2017-2027, (US$ Bn)
FIG. 22 Global SS Market Value Share, by Technology, 2018 & 2027 (Value %)
FIG. 23 Global MEMS-based SS Market Value, 2017-2027, (US$ Bn)
FIG. 24 Global CMOS-based SS Market Value, 2017-2027, (US$ Bn)
FIG. 25 Global SS Market Value for Others, 2017-2027, (US$ Bn)
FIG. 26 Global SS Market Value Share, by Component, 2018 & 2027 (Value %)
FIG. 27 Global Analog-to-Digital Converter Market Value, 2017-2027, (US$ Bn)
FIG. 28 Global Digital-to-Analog Converter Market Value, 2017-2027, (US$ Bn)
FIG. 29 Global Amplifiers Market Value, 2017-2027, (US$ Bn)
FIG. 30 Global Transceivers Market Value, 2017-2027, (US$ Bn)
FIG. 31 Global Microcontrollers Market Value, 2017-2027, (US$ Bn)
FIG. 32 Global SS Market Value for Others, 2017-2027, (US$ Bn)
FIG. 33 Global SS Market Value Share, by Connectivity Type, 2018 & 2027 (Value %)
FIG. 34 Global Wired SS Market Value, 2017-2027, (US$ Bn)
FIG. 35 Global Wireless SS Market Value, 2017-2027, (US$ Bn)
FIG. 36 Global SS Market Value Share, by End-user, 2018 & 2027 (Value %)
FIG. 37 Global SS Market Value for Automotive, 2017-2027, (US$ Bn)
FIG. 38 Global SS Market Value for Aerospace & Defense, 2017-2027, (US$ Bn)
FIG. 39 Global SS Market Value for Consumer Electronics, 2017-2027, (US$ Bn)
FIG. 40 Global SS Market Value for Healthcare, 2017-2027, (US$ Bn)
FIG. 41 Global SS Market Value for Industrial Automation, 2017-2027, (US$ Bn)
FIG. 42 Global SS Market Value for Building Automation, 2017-2027, (US$ Bn)
FIG. 43 Global SS Market Value for Others, 2017-2027, (US$ Bn)
FIG. 44 North America SS Market Value, 2017-2027, (US$ Bn)
FIG. 45 Europe SS Market Value, 2017-2027, (US$ Bn)
FIG. 46 Asia Pacific SS Market Value, 2017-2027, (US$ Bn)
FIG. 47 RoW SS Market Value, 2017-2027, (US$ Bn)
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