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Global Smart Sensor Market By Type (Pressure Sensors, Flow Sensors, Others), By Technology (MEMS, CMOS, Others), By Component (Microcontroller, Transceivers, Others), By End-Users, By Region, Forecast & Opportunities to 2026

The global smart sensor market accounted for a value of USD 33.1 billion in 2019 and is projected to register growth at a CAGR of 15.2% during forecast period.

COVID-19 has impacted the smart sensor market. The manufacturing units have to halt its production due to lockdown. The supply chain of raw material and finished products got disrupted due to travel restriction. The import and export activities also suspended due border closer by government. The demand for smart sensors is declined from end-user industry as majority of end-user industry are shut and there is decline in sales of products of such industries. The market for smart sensor is likely to grow post COVID-19.

Definition:

Smart sensor can be defined as a combination of sensor and interfering circuit and it is also known as intelligent sensors. These sensors are utilized for digital processing and analog to digital conversation. These sensors used in various industries such as automotive, consumer electronics, entertainment, security and defense and medical. It takes input from external physical environment and uses built-in resources in order to perform predefines functions upon detection of specific input and then it process the data before passing it on.

Market Dynamics (Drivers/Opportunities):

The demand for smart sensors is increasing in the world and various verticals such as healthcare, automotive etc are adopting smart sensors widely. The demand for miniaturized products is increasing which utilize smart sensors. This drives growth in smart sensors market during forecast period.

The government is implementing various initiatives to support smart sensor market in various countries. The demand for smart sensors is increasing due to rising security risk around the world. The focus towards environment safety is also increasing. This increases demand for smart sensors and drives growth in smart sensors market during forecast period.

Market Insights, by Type

On the basis of type, the smart sensor market is segmented into pressure sensors, flow sensors, image sensors, temperature & humidity sensors, touch sensors, water sensors, motion & occupancy sensors, position sensors, light sensors, ultrasonic sensors and others. The temperature & humidity sensor segment is estimated to register growth at highest CAGR during forecast period. The demand for temperature & humidity sensor is increasing in the world. These sensors are widely used in instrumentation and measurement control systems. The temperature sensors are used to provide temperature reading in digital format which is easy to use and has various applications across automotive, building and healthcare industry. This drives growth in temperature & humidity sensor segment during forecast period.

Market Insights, by End-Users

On the basis of end-user, the smart sensor market is segmented into aerospace & defense, automotive, industrial automation, biochemical & healthcare, consumer electronics, building automation and others. The consumer electronics segment is estimated to hold largest market share during forecast period. The consumer electronics is rapidly changing and adopting advanced technology to sustain competition. The manufacturers are constantly trying to bring unique products into the market. There are various types of smart sensors used in consumer electronics. This increases demand for smart sensors in consumer electronics and drives growth in consumer electronics segment during forecast period.

Regional Insights

Asia-Pacific region is estimated to register growth at highest CAGR during forecast period. The demand for smart sensors is rapidly growing in this region and the investment in this sector is growing immensely. This region is a major market for various industries such as healthcare, automobiles and consumer electronics. The adoption of smart sensor is rapidly increasing across these applications. This increases market for smart sensors in this region and drives growth in Asia-Pacific region during forecast period.

Key Companies & Market Share Insights

The key market players in smart sensors industry are Analog Devices, Infineon Technologies, Stmicroelectronics, TE Connectivity, Microchip Technology, NXP Semiconductor, ABB, Siemens, TDK Corporation, Robert Bosch GMBH, Honeywell International, Eaton Corporation, Emerson Electric Company, General Electric, Legrand, MEMSIC and Sensirion.

Segments Covered in the Report

This report forecasts The Global Smart Sensor Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global smart sensor market report on the basis of type, technology, components, and end-users.

Smart Sensor Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Smart Sensor Market, By Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Pressure Sensors
  • Flow Sensors
  • Image Sensors
  • Temperature & Humidity Sensors
  • Touch Sensors
  • Water Sensors
  • Motion & Occupancy Sensors
  • Position Sensors
  • Light Sensors
  • Ultrasonic Sensors
  1. Smart Sensor Market, By Technology, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • CMOS
  • MEMS
  • Others
  1. Smart Sensor Market, By Component, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • ADC
  • DAC
  • Microcontrollers
  • Transceivers
  • Amplifiers
  • Others
  1. Smart Sensor Market, By End-Users, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Aerospace & Defense
  • Automotive
  • Industrial Automation
  • Biochemical & Healthcare
  • Consumer Electronics
  • Building Automation
  • Others
  1. Smart Sensor Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Type
    • By Technology
    • By Component
    • By End-Users
    • By Country
      • USA
        • By End-Users
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Type
      • By Technology
      • By Component
      • By End-Users
      • By Country
        • Brazil
          • By End-Users
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Type
        • By Technology
        • By Component
        • By End-Users
        • By Country
          • UK
            • By End-Users
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Type
          • By Technology
          • By Component
          • By End-Users
          • By Country
            • China
              • By End-Users
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Type
            • By Technology
            • By Component
            • By End-Users
            • By Country
              • Saudi Arabia
                • By End-Users
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • General Electric
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Analog Devices
    • Infineon Technologies
    • Stmicroelectronics
    • TE Connectivity
    • Microchip Technology
    • NXP Semiconductor
    • ABB
    • Siemens
    • TDK Corporation
    • Robert Bosch GMBH
    • Honeywell International
    • Eaton Corporation
    • Emerson Electric Company
    • Legrand
    • MEMSIC
    • Sensirion
  2. Appendix
    • Interrelated Market

 

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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