Smart Sensor Market Revenue Will Reach $81.99 Billion By 2024, Says Esticast Research and Consulting

August, 2017

As per the report “Smart Sensor Market by Product (Image, Touch, motion, temperature, pressure, positions), Industry Trends, Estimation & Forecast, 2016-2024”, the global Smart Sensor market was valued at $20.75 billion in 2016, and is projected to reach $81.99 billion by 2024, growing at a CAGR of 18.9% from 2017 to 2024. In 2016, Image Sensors occupied the largest revenue share in the global smart sensor market. Among major regions, European smart sensor market was the largest revenue generating market valued at $6.93 billion in 2016.

“With the advancement of technology and increasing demand of automation, new emerging trends such as smart home, smart cities and smart parking may contribute a lot in the future growth opportunities for the smart sensor market. Steep growth in the usage of consumer electronic devices and their development may accord in the market growth”

Image sensor products lead the smart sensor market in 2016, growing with a CAGR of 17.5% during the forecast period

The Image Sensor market lead the global smart sensor market garnering a revenue of $5.38 billion in 2016. However, the highest CAGR of 20% is supposed to be witnessed by the smart temperature sensor market during the forecast period. This is because of the considerable increase in the demand for smart and automotive temperature systems and a considerable growth of HVAC system market. There are tremendous opportunities for the research and development in this very segment and hence innovative technical advancements will be flourishing the smart temperature sensors technology as an integral part of various smart city and automotive temperature control systems.

Automotive Industry lead the market by holding the maximum share of 23.38% in 2016

Automotive industry generated a revenue of $4.85 billion in 2016 and is expected to grow with highest CAGR of 19.1% during the forecast period. This is due to the extensive use of automatic climate control in vehicles, which is achieved by using smart sensors which help control the cooling systems and improve passenger comfort. Moreover, the products are assembled within the air-conditioned seats to control humidity and temperature and help reduce the overall energy consumption in the vehicles.

European smart sensor market held the largest revenue share of $6.93 billion dollars in 2016

European market holds nearly 34% of the global smart sensor market and is expected to grow having the highest CAGR of 19.7% during the forecast period.

                                                                                     Smart Sensor Market Revenue by Geography

                                                                        Smart Sensor Market Revenue by Geography

Europe is one of the most technologically advanced application market globally. This is mainly due to the focus on interdisciplinary research to produce reliable and intelligent sensors that can be used in various applications. As a result of relatively large size of aerospace & defense and automotive application, Europe holds a leadership position in smart sensor market.

Key findings of global smart sensor market

  • Image sensor products lead the smart sensor market in 2016, growing with a CAGR of 17.5% during the forecast period
  • Automotive Industry lead the market by holding the maximum share of 23.38% in 2016
  • European smart sensor market held the largest revenue share of $6.93 billion dollars in 2016
  • North American medical equipment segment generated the highest revenue of $1.37 billion in 2016 and is expected to grow with the highest CAGR of 19.2% during the forecast period.

To know more about the report, visit at https://www.esticastresearch.com/market-reports/smart-sensor-market

The report features a competitive scenario of the global smart sensor market, and provides comprehensive analysis of key growth strategies adopted by major players. Some of the key market players operating in the industry are ABB Ltd., Analog Devices, Eaton Corp, Emerson Process Management, Infineon Technologies AG, NXP Semiconductors N.V., Renesas Electronics, Siemens AG, STMicroelectronics N.V and Yokogawa Electric Corp.

About Us

Esticast Research & Consulting is a research firm providing research reports on various industries with a unique combination of authenticity, extensive research, and infallibility. We provide syndicated market research reports, customization services, and consulting services to help businesses across the world in achieving their goals and overcoming complex challenges. We specialize in providing 360-degree view of the markets to assist clients in determining new opportunities and develop business strategies for the future with data and statistics on changing market dynamics. Esticast Research & Consulting Market Research has expert analysts and consultants with an ability to work in collaboration with clients to meet their business needs and give opportunities to thrive in a competitive world. A comprehensive analysis of industries ranging from healthcare to consumer goods and ICT to BFSI is provided by covering hundreds of industry segments. The research reports offering market forecasts, market entry strategies, and customer intelligence will help clients across the world in harnessing maximum value on their investment and realize their optimum potential.

CHAPTER 1. INTRODUCTION        

           1.1. RESEARCH METHODOLOGY
                            1.1.1. ERC desk research
                            1.1.2. ERC data synthesis
                            1.1.3. Data validation and market feedback
                            1.1.4. ERC data sources
           1.2. RESEARCH SCOPE


CHAPTER 2. MARKET OVERVIEW      

           2.1. RESEARCH SUMMARY
           2.2. VALUE CHAIN ANALYSIS
           2.3. FIVE FORCES ANALYSIS
           2.4. MARKET PLAYER POSITIONING
           2.5. DEMAND FORECAST
           2.6. BUSINESS INTELLIGENCE & STRATEGIC ANALYSIS
           2.7. MARKET DETERMINANTS

                            2.7.1. Drivers
                                            2.7.1.1. Increasing trend of surveillance and security
                                            2.7.1.2. Growing application in healthcare
                                            2.7.1.3. Growing usage in military and defense
                                            2.7.1.4. Rising security threats
                           2.7.2. Restraints
                                            2.7.2.1. High replacement cost
                                            2.7.2.2. Lack of secrecy
                           2.7.3. Opportunities
                                            2.6.3.1. Development of smart cities
                                            2.6.3.2. Increasing growth opportunities in healthcare sector

CHAPTER 3. GLOBAL SMART SENSOR MARKET BY SENSOR TYPE

           3.1. SEGMENT OUTLINE
           3.2. GLOBAL SMART SENSOR MARKET REVENUE BY SENSOR TYPE, 2016-2024
           3.3. IMAGE SENSOR
                           3.3.1. Current trends
                           3.3.2. Market growth indicators
                           3.3.3. Global image sensor market revenue by region, 2016-2024
           3.4. TOUCH SENSOR
                            3.4.1. Current trends
                            3.4.2. Market growth indicators
                            3.4.3. Global touch sensor market revenue by region, 2016-2024 21
           3.5. SMART MOTION SENSOR
                            3.5.1. Current trends
                            3.5.2. Market growth indicators
                            3.5.3. Global smart motion sensor market revenue by region, 2016-2024
           3.6. SMART TEMPERATURE SENSOR
                            3.6.1. Current trends
                            3.6.2. Market growth indicators
                            3.6.3. Global smart temperature sensor market revenue by region, 2016-2024
           3.7. SMART PRESSURE SENSOR
                             3.7.1. Current trends
                             3.7.2. Market growth indicators
                             3.7.3. Global smart pressure sensor market revenue by region, 2016-2024
           3.8. SMART POSITION SENSOR
                             3.8.1. Current trends
                             3.8.2. Market growth indicators
                             3.8.3. Global smart position sensor market revenue by region, 2016-2024

CHAPTER 4. GLOBAL SMART SENSOR MARKET BY END USER

          4.1. INTRODUCTION
          4.2. GLOBAL SMART SENSOR MARKET REVENUE BY END USER, 2016-2024
          4.3. INDUSTRIAL
                             4.3.1. Current trends
                             4.3.2.Market growth indicators
                             4.3.3. Global industrial sensor market revenue by region, 2016-2024
          4.4. MEDICAL EQUIPMENT
                             4.4.1. Current trends
                             4.4.2. Market growth indicators
                             4.4.3. Global medical equipment sensor market revenue by region, 2016-2024
          4.5. AUTOMOTIVE INDUSTRY
                              4.5.1. Current trends
                              4.5.2. Market growth indicators
                              4.5.3. Global automotive industry sensor market revenue by region, 2016-2024
          4.6. CONSUMER ELECTRONICS
                               4.6.1. Current trends
                               4.6.2. Market growth indicators
                               4.6.3. Global consumer electronics sensor market revenue by region, 2016-2024
          4.7. INFRASTRUCTURE
                               4.7.1. Current trends
                               4.7.2. Market growth indicators
                               4.7.3. Global infrastructure sensor market revenue by region, 2016-2024
          4.8. OTHERS (AVIONICS, FOOD & BEVERAGES)
                               4.8.1. Current trends
                               4.8.2. Market growth indicators
                               4.8.3. Global other sensor market revenue by region, 2016-2024

CHAPTER 5. GLOBAL SMART SENSOR MARKET BY GEOGRAPHY

           5.1. INTRODUCTION
           5.2. GLOBAL SMART SENSOR MARKET REVENUE BY GEOGRAPHY, 2016-2024
           5.3. NORTH AMERICA
                               5.3.1. Market trends
                               5.3.2. Market growth indicators
                               5.3.3. North America sensor market revenue by product, 2016-2024
                               5.3.4. North America sensor market revenue by end user, 2016-2024
           5.4. EUROPE
                               5.4.1. Market trends
                               5.4.2. Market growth indicators
                               5.4.3. Europe sensor market revenue by product, 2016-2024
                               5.4.4. Europe sensor market revenue by end user, 2016-2024
           5.5. ASIA PACIFIC
                               5.5.1. Market trends
                               5.5.2. Market growth indicators
                               5.5.3. APAC sensor market revenue by product, 2016-2024
                               5.5.4. APAC sensor market revenue by end user, 2016-2024
            5.6. REST OF THE WORLD
                               5.6.1. Market trends
                               5.6.2. Market growth indicators
                               5.6.3. ROW sensor market revenue by product, 2016-2024
                               5.6.4. ROW sensor market revenue by end user, 2016-2024

CHAPTER 6. KEY VENDOR PROFILES

           6.1. ANALOG DEVICES
                               6.1.1. Company overview
                               6.1.2. Company snapshot
                               6.1.3. Business overview
                               6.1.4. Strategic attempts
           6.2. EMERSON PROCESS MANAGEMENT
                               6.2.1. Company overview
                               6.2.2. Company snapshot
                               6.2.3. Business overview
                               6.2.4. Strategic attempts
           6.3. EATON CORPORATION
                               6.3.1. Company overview
                               6.3.2. Company snapshot
                               6.3.3. Business overview
                               6.3.4. Strategic attempts
           6.4. ABB LTD.
                               6.4.1. Company overview
                               6.4.2. Company snapshot
                               6.4.3. Business overview
                               6.4.4. Strategic attempts
           6.5. YOKOGAWA ELECTRIC CORP.
                               6.5.1. Company overview
                               6.5.2. Company snapshot
                               6.5.3. Business overview
                               6.5.4. Strategic attempts
           6.6. INFINEON TECHNOLOGIES AG
                               6.6.1. Company overview
                               6.6.2. Company snapshot
                               6.6.3. Business overview
                               6.6.4. Strategic attempts
           6.7. RENESAS ELECTRONICS
                               6.7.1. Company overview
                               6.7.2. Company snapshot
                               6.7.3. Business overview
                               6.7.4. Strategic attempts
           6.8. STMICROELECTRONICS N.V.
                               6.8.1. Company overview
                               6.8.2. Company snapshot
                               6.8.3. Business overview
                               6.8.4. Strategic attempts
           6.9. SIEMENS AG
                               6.9.1. Company overview
                               6.9.2. Company snapshot
                               6.9.3. Business overview
                               6.9.4. Strategic attempts
            6.10. NXP SEMICONDUCTORS N.V.
                               6.10.1. Company overview
                               6.10.2. Company snapshot
                               6.10.3. Business overview
                               6.10.4. Strategic attempts

LIST OF TABLES

TABLE NO 1. GLOBAL SMART SENSOR MARKET REVENUE BY SENSOR TYPE, 2016-2024 ($BILLION)
TABLE NO 2. GLOBAL IMAGE SENSOR MARKET REVENUE BY REGION, 2016-2024 ($BILLION)
TABLE NO 3. GLOBAL TOUCH SENSOR MARKET REVENUE BY REGION, 2016-2024 ($BILLION)
TABLE NO 4. GLOBAL SMART MOTION SENSOR MARKET REVENUE BY REGION, 2016-2024 ($BILLION)
TABLE NO 5. GLOBAL SMART TEMPERATURE SENSOR MARKET REVENUE BY REGION, 2016-2024 ($BILLION)
TABLE NO 6. GLOBAL SMART PRESSURE SENSOR MARKET REVENUE BY REGION, 2016-2024 ($BILLION)
TABLE NO 7. GLOBAL SMART POSITION SENSOR MARKET REVENUE BY REGION, 2016-2024 ($BILLION)
TABLE NO 8. GLOBAL SMART SENSOR MARKET REVENUE BY END USER, 2016-2024 ($BILLION)
TABLE NO 9. GLOBAL INDUSTRIAL SENSOR MARKET REVENUE BY REGION, 2016-2024 ($BILLION)
TABLE NO 10. GLOBAL MEDICAL EQUIPMENT SENSOR MARKET REVENUE BY REGION, 2016-2024 ($BILLION)
TABLE NO 11. GLOBAL AUTOMOTIVE INDUSTRY SENSOR MARKET REVENUE BY REGION, 2016-2024 ($BILLION)
TABLE NO 12. GLOBAL CONSUMER ELECTRONICS SENSOR MARKET REVENUE BY REGION, 2016-2024 ($BILLION)
TABLE NO 13. GLOBAL INFRASTRUCTURE SENSOR MARKET REVENUE BY REGION, 2016-2024 ($BILLION)
TABLE NO 14. GLOBAL OTHER SENSOR MARKET REVENUE BY REGION, 2016-2024 ($BILLION)
TABLE NO 15. GLOBAL SMART SENSOR MARKET REVENUE BY GEOGRAPHY, 2016-2024 ($BILLION)
TABLE NO 16. NORTH AMERICA SENSOR MARKET REVENUE BY PRODUCT, 2016-2024 ($BILLION)
TABLE NO 17. NORTH AMERICA SENSOR MARKET REVENUE BY END USER, 2016-2024 ($BILLION)
TABLE NO 18. EUROPE SENSOR MARKET REVENUE BY PRODUCT, 2016-2024 ($BILLION)
TABLE NO 19. EUROPE SENSOR MARKET REVENUE BY END USER, 2016-2024 ($BILLION)
TABLE NO 20. APAC SENSOR MARKET REVENUE BY PRODUCT, 2016-2024 ($BILLION)
TABLE NO 21. APAC SENSOR MARKET REVENUE BY END USER, 2016-2024 ($BILLION)
TABLE NO 22. ROW SENSOR MARKET REVENUE BY PRODUCT, 2016-2024 ($BILLION)
TABLE NO 23. ROW SENSOR MARKET REVENUE BY END USER, 2016-2024 ($BILLION)

LIST OF FIGURES

FIGURE NO 1. VALUE CHAIN ANALYSIS
FIGURE NO 2. PORTER’S FIVE FORCES ANALYSIS
FIGURE NO 3. MARKET SHARE ANALYSIS
FIGURE NO 4. INVESTMENT POCKETS
FIGURE NO 5. KEY STRATEGIC ATTEMPTS (%SHARE)
FIGURE NO 6. KEY IMPACTING FACTORS
FIGURE NO 7. GLOBAL SMART SENSOR MARKET REVENUE BY SENSOR TYPE, 2016-2024 ($BILLION)
FIGURE NO 8. GLOBAL IMAGE SENSOR MARKET REVENUE BY REGION, 2016-2024 ($BILLION)
FIGURE NO 9. GLOBAL TOUCH SENSOR MARKET REVENUE BY REGION, 2016-2024 ($BILLION)
FIGURE NO 10. GLOBAL SMART MOTION SENSOR MARKET REVENUE BY REGION, 2016-2024 ($BILLION)
FIGURE NO 11. GLOBAL SMART TEMPERATURE SENSOR MARKET REVENUE BY REGION, 2016-2024 ($BILLION)
FIGURE NO 12. GLOBAL SMART PRESSURE SENSOR MARKET REVENUE BY REGION, 2016-2024 ($BILLION)
FIGURE NO 13. GLOBAL SMART POSITION SENSOR MARKET REVENUE BY REGION, 2016-2024 ($BILLION)
FIGURE NO 14. GLOBAL SMART SENSOR MARKET REVENUE BY END USER, 2016-2024 ($BILLION)
FIGURE NO 15. GLOBAL INDUSTRIAL SENSOR MARKET REVENUE BY REGION, 2016-2024 ($BILLION)
FIGURE NO 16. GLOBAL MEDICAL EQUIPMENT SENSOR MARKET REVENUE BY REGION, 2016-2024 ($BILLION)
FIGURE NO 17. GLOBAL AUTOMOTIVE INDUSTRY SENSOR MARKET REVENUE BY REGION, 2016-2024 ($BILLION)
FIGURE NO 18. GLOBAL CONSUMER ELECTRONICS SENSOR MARKET REVENUE BY REGION, 2016-2024 ($BILLION)
FIGURE NO 19. GLOBAL INFRASTRUCTURE SENSOR MARKET REVENUE BY REGION, 2016-2024 ($BILLION)
FIGURE NO 20. GLOBAL OTHER SENSOR MARKET REVENUE BY REGION, 2016-2024 ($BILLION)
FIGURE NO 21. GLOBAL SMART SENSOR MARKET REVENUE BY GEOGRAPHY, 2016-2024 ($BILLION)
FIGURE NO 22. NORTH AMERICA SMART SENSOR MARKET REVENUE BY PRODUCT, 2016-2024 ($BILLION)
FIGURE NO 23. NORTH AMERICA SMART SENSOR MARKET REVENUE BY END USER, 2016-2024 ($BILLION)
FIGURE NO 24. EUROPE SMART SENSOR MARKET REVENUE BY PRODUCT, 2016-2024 ($BILLION)
FIGURE NO 25. EUROPE SMART SENSOR MARKET REVENUE BY END USER, 2016-2024 ($BILLION)
FIGURE NO 26. APAC SMART SENSOR MARKET REVENUE BY PRODUCT, 2016-2024 ($BILLION)
FIGURE NO 27. APAC SMART SENSOR MARKET REVENUE BY END USER, 2016-2024 ($BILLION)
FIGURE NO 28. ROW SMART SENSOR MARKET REVENUE BY PRODUCT, 2016-2024 ($BILLION)
FIGURE NO 29. ROW SMART SENSOR MARKET REVENUE BY END USER, 2016-2024 ($BILLION)

 

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