Intelligent Sensor Market 2018 Global Leaders Overview: Siemens AG, Yokogawa Electric, Infineon Technologies AG, Delphi Automotive LLP, ABB, Honeywell International, Meggitt Sensing Systems, Custom Sensors & Technologies

Market Research Future published a research report on “Global Intelligent Sensor Market Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Intelligent Sensor Market Global Market - Overview

Intelligent sensors are the sensors possessed by the capability of modifying and monitoring internal behaviour and performing several predefined intelligent functions. These functions include self-checking, self-validation, self-identification, self-diagnosis, self-testing, and others, appropriately when the sensors recognize an apposite input from peripheral devices or systems. These sensors are executed with the embedded microcontrollers and microprocessors including all functions of a processing unit. The global market of intelligent sensors is expected to grow at USD 60 billion with a CAGR of 18% during the forecast period.

Intelligent sensors are of great interest in several industrial sector such as medical, manufacturing, consumer electronics, and others. These industries utilize energy on a large scale as a result government and manufacturers are empahsized on sustainability growth strategy and focused on saving energy. Industries have started investing in energy efficient applications and utilize energy in an optimum manner. Hence, growing need for energy efficient devices in medical, industrial, and consumer electronics sector is expected to propel the growth of the intelligent sensor market. The market has witnessed a positive growth in the MEMS technology, owing to the spread of numerous applications across various commercial sectors. These applications include embedded processing and sensors with bus capabilities, and are expected to drive the intelligent sensor market. However, high price of raw materials is one of the factors which is expected to hinder the growth of the market.

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Segmentation

The industry for Intelligent Sensor is fragmented by technology, by output, by applications and by regions. Technology is divided by system on chip, system in package, hybrid technologies, CMOS process and IC compatible 3D micro structuring. The output can be categorized as analog, digital and quasi digital among others. The application segmented by industrial, medical, automotive, consumer electronics. Out of these, medical and automotive sector will grow in coming years.

The regional analysis of Intelligent Sensor Market is being studied for areas such as Asia Pacific, North America, Europe and rest of the world. North America lead the global market, followed by Europe.

In Asia-Pacific, Australia is witnessing fastest growth in the market, consumers in this countries are more interested in buying the latest gadgets, and price does not matter. Even the countries such as China and India is generating new opportunities for the consumer electronic products which is expected to fuel the market in this region.

Key Players:

The prominent players in the market of Intelligent Sensor Market are – Custom Sensors & Technologies, Inc. (U.S.), Delphi Automotive LLP (U.K.), ABB Ltd. (Australia), Analog Devices, Inc.(U.S.), Honeywell International, Inc. (U.S.), Robert Bosch GmBH (Germany), Meggitt Sensing Systems (U.S.), Siemens AG (Germany), Yokogawa Electric Corporation (Japan) and Infineon Technologies AG (Germany) among others.

Regional Analysis

The regional analysis of Intelligent Sensor Market is being studied for areas such as Asia Pacific, North America, Europe and rest of the world. The Europe region is expected to dominate the global intelligent sensor market owing to the factors such as improving infrastructure in the European countries such as Germany, France, Italy and U.K. among others and advancements in healthcare standards. North America will experience a growth owing to the factors such as frequent replacements of electronic devices and the increase in the demand of advanced features in consumer electronics device. Rich manufacturing and IT industry in U.S. and Canada is also one of the major factor which is driving the market of Intelligent Sensor in North America. The Asia-Pacific region is expected to see a significant growth in the market of intelligent sensors. Countries such as China and India is generating huge demand for the consumer electronic products which is expected to drive the market of intelligent sensor in this region. Also, China is one of the biggest producer of semiconductor equipment leading to high demand for the intelligent sensor from manufacturing industry.

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Intended Audience

• Component Manufacturers
• Electronic components
• Government bodies
• Research organizations
• Chip designers
• Equipment manufacturers
• Electronic manufacturers

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