Intelligent Sensor Market Global Market - Overview
Worldwide Intelligent Sensors market is expected to grow from USD 18 billion in 2017 to USD 47.20 billion by 2027, at a compound annual growth rate (CAGR) of 12% during the forecast period. The Intelligent Sensors Market is estimated to witness tremendous opportunities in the biomedical, healthcare, and consumer electronics sectors, hence, supplementing the intelligent sensors market growth.
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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.
Global Intelligent Sensors Market - Segmentation
The global market is segmented on the basis of type, component, technology, application, and region. Based on type, the global market is segmented into humidity, flow, motion, pressure, temperature, and speed. Based on component, the global intelligent sensors market is segmented into microprocessor, ADC, DAC, data acquisition, and transducers. Based on technology, the global market is segmented into CMOS, MEMS, and optical spectroscopy. Based on application, the global intelligent sensors market is segmented into healthcare, consumer electronics, industrial, automotive, and aerospace and defense.
Regional Analysis
The global market is studied for various regional segments of the world to gain a deeper understanding of the global intelligent sensors market. Such regional segmentation is bound to aid the audience to this report to aid in better decision-making and faster results. The global intelligent sensors market is segmented into the regions of North America, South America, Europe, Asia Pacific, and the Middle East & Africa. Among these segments, Europe is estimated to upscale at a fast pace over the forecast period. The region is also expected to showcase a strong and dominant hold on the global intelligent sensors market during the forecast period. This can be owed to the advancements in the healthcare standards, along with an enhanced technical infrastructure in various European countries like Italy, Germany, France, and the UK.
North America is estimated to showcase considerable growth for intelligent sensors owing to the rising demand for the integration of the same in consumer electronics. Asia Pacific, on the other hand, is expected to see tremendous growth in the global intelligent sensors market over the assessment period. This can be owed to the rising demand for consumer electronics. Further, countries such as India and China are estimated to witness fast growth in the adoption of advanced technologies in almost all end-user industry verticals owing to fast technological growth and an ascension in the disposable income of consumers residing in the region.
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Intended Audience
- Component Manufacturers
- Electronic components
- Government bodies
- Research organizations
- Chip designers
- Equipment manufacturers
- Electronic manufacturers
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