Smart Sensors

Global Market Trajectory & Analytics

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DATE

JAN 2022

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202

PAGES

359

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MCP-1234


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HIGHLIGHTS & REPORT INDEX

Amid the COVID-19 crisis, the global market for Smart Sensors estimated at US$39.2 Billion in the year 2020, is projected to reach a revised size of US$105.8 Billion by 2027, growing at a CAGR of 15.3% over the analysis period 2020-2027. Smart Flow Sensors, one of the segments analyzed in the report, is projected to record a 14.2% CAGR and reach US$44.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Smart Pressure Sensors segment is readjusted to a revised 16.8% CAGR for the next 7-year period.
The Smart Sensors market in the U.S. is estimated at US$11.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$18.5 Billion by the year 2027 trailing a CAGR of 14.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.4% and 13.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 11.3% CAGR.
In the global Smart Temperature Sensors segment, USA, Canada, Japan, China and Europe will drive the 15.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.3 Billion in the year 2020 will reach a projected size of US$9.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$12.8 Billion by the year 2027.

SELECT PLAYERS

ABB; Analog Devices Inc.; Delphi Automotive Plc; Eaton Corporation Plc; Honeywell International, Inc.; Infineon Technologies AG; NXP Semiconductors; Omron Corp.; Raytek Corp.; Robert Bosch GmBH; Schneider Electric SE; Sensata Technologies Inc.; SICK AG; Siemens AG; Smart Sensors Inc.; Vishay Intertechnology Inc.; Yokogawa Electric Corp.

SEGMENTS

» Product Segment (Smart Position Sensors, Smart Load Cells, Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors)

GEOGRAPHIES

» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World

TABLE OF CONTENTS

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Recent Market Activity
Sensors - A Prelude
Introduction to Smart Sensors
Smart Sensors Market over the Years
The IoT Phenomenon Necessitates Usage of Smart Sensors
Smart Sensors Witness Demand from Various Application Markets
Energy Efficient Miniaturized Sensors in Demand
MEMS - Enjoys Highest Popularity among All Sectors
Smart Sensing Improves Manufacturing Efficiencies
Initiating Maintenance Protocols and Predicting Equipment Failures
Sensors to Control, Monitor and Improve Processes
Maintenance of Historical Records, Logs and Regulatory Compliance
Sending Irregularities and Quality Standards Notifications Automatically
Predictive Monitoring, Analytics and Informatics with Smart Sensors
More Information Quickly and Easily
Rapidly Developing Sensor Technology Landscape
IoT for Analyzing and Unearthing Big Data
Enhance Responsiveness and Fasten Flow of Information
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
ABB (Switzerland)
Analog Devices Inc. (USA)
Delphi Automotive Plc (UK)
Eaton Corporation Plc (Ireland)
Honeywell International, Inc. (USA)
Infineon Technologies AG (Germany)
NXP Semiconductors (The Netherlands)
Omron Corp. (Japan)
Raytek Corporation (USA)
Robert Bosch GmBH (Germany)
Schneider Electric SE (France)
Sensata Technologies, Inc. (USA)
SICK AG (Germany)
Siemens AG (Germany)
Smart Sensors Inc. (USA)
Vishay Intertechnology, Inc (USA)
Yokogawa Electric Corporation (Japan)
3. MARKET TRENDS & DRIVERS
Smart Flow Sensors Market - The Largest Revenue Contributor
A Look into Key End-Use Opportunities for Flow Sensors
Healthy Outlook for Flow Meters to Benefit Demand for Smart Flow Sensors
Opportunity Indicator
Smart Pressure Sensors - The Fastest Growing Product Segment
Review of Key End-Use Opportunities for Smart Pressure Sensors
Smart Temperature Sensors
Miniature Temperature Sensors Grow in Popularity
Key Application Areas for Temperature Sensors
Digital/Smart Load Cells - A Budding Market
MEMS Technology Expands Opportunities for Smart Sensors
Wireless Smart Sensors Gaining Traction
Smart Grid Sensors - North America Dominates
Automotive Market - Opportunities Galore
Weight Reduction of Automobiles to Drive Demand for Light-Weight and Smaller Smart Sensors
Integration of Safety & Control Technologies in Automobiles on the Rise - Bodes Well for Automotive Sensors Market
Critical Role of Smart Sensors in Collision Avoidance Systems
Airbags - A Key Application Area for Smart Sensors in Automotive Market
Opportunity Indicators
Growing Integration of TPMS Drives Demand for Smart Pressure Sensors
Intelligent Sensors for Smart Cars
Deployment of Smart Sensors Capable of "feeling" the Surroundings
Leveraging Advanced Analytics to Make Systems that 'Think' Intelligently
Balancing Innovation and Security to Steer the Road Ahead
Opportunity Indicator for Smart Pressure Sensors in Automotive Market
Growing Penetration of MEMS Pressure Sensors in Automotive Segment
MEMS/MST Application Opportunities in Vehicle Diagnostic/Monitoring Systems
Projected Rise in Automotive Demand & Subsequent Rise in Production Bodes Well for Smart Sensors Market
Opportunity Indicators
Resurgence in Manufacturing/Industrial Sector Boosts Demand for Smart Sensors in Production/Processing Activity and Machinery Applications
Process Industries - A Major Market for Pressure Sensors
Automation of Industrial Processes to Benefit Industrial Position Sensors
Optimizing Energy Consumption in Manufacturing Plants: A Key Growth Driver for Smart Flow Sensors
Position Sensors in Machine Tools to Witness Growth
Opportunity Indicators
Smart Sensors Predict Machinery Malfunctions
Smart Sensors Ensure Reduced Industrial Emissions
Oil & Gas Industry Presents Strong Growth Opportunities for Smart Sensors
Oil & Gas - A Major Market for Smart Pressure Sensors
Booming Shale Gas Extraction - A Boon for Smart Temperature Sensors Market
Untapped Opportunities for Position Sensors in the Oil & Gas Industry
Rising Focus on Wind Energy to Benefit Position Sensors Used in Wind Turbines
Opportunity Indicator
Growing Proliferation of Consumer Electronic Devices to Drive Demand for Electronic Components
Inline Electronics Inspection with 3D Smart Sensors
Blue Laser for Cleaner Profiles
Sensor Firmware Customization
Gocator Emulator - A 'Virtual Sensor' Testing Environment
Increasing Demand for High-End Smartphones & Tablet PCs Boosts Demand for Multi-Functional Sensors
Increasing Usage in Defense, Academic and Aerospace Sectors
Medicine - Another High Growth Potential Market for Smart Sensors
Smart Packaging Sensors in Safeguarding Foods and Drugs
Future Applications
Novel Technologies Redefine Market Dynamics - A Look into Key Technology Developments over the Years
Sensors Become Smaller and Smarter
Nano-Sensor Technology Demonstrate Bright Future Prospects
Conventional Technologies Lose Share to Modern Technologies in Flow Sensors Market
Technology Developments in Pressure Sensors Market Over the Years
Micromachined Solutions Overshadows Mechanical Sensors Market
Micromachined Solutions Overshadows Mechanical Sensors Market
Smart Dust Technology Opens up New Avenues for Smart Sensors
Wireless and Implantable Sensors - A Breakthrough in Medicine
Smart Sensors & Their Use in 'Thought Controlled Computing' Applications - A Reality or Myth
Integrated RFID Sensors - A Promising Market
Multi-Functional Spintronic Smart Sensors - A Glimpse of the Future
Plug and Play Smart TEDS Sensors - An Overview
Bluetooth Technology Spurs Growth in Smart Sensors Market
Intelligent Products - Ongoing Trend in Process Pressure Transmitter Industry
Smart Adaptable Interfaces Offer Cost Effective Alternative
BiSS - A Low Cost Interface
Manufacturers Seek Cost-Focused Approach
Growing Applications & Technology Advancements Attract New Players
Customer Service and Specialization: An Emerging Strategy
Smart Sensors - Corporate Security and Counter-Terrorism
Interface Standards - No Longer a Contentious Issue?
Sensors Market - Competitive Scenario
Companies in Expansion Mode through M&A Activities
Smart Sensors Drive Manufacturers towards Smart Strategies
Identifying the Appropriate Strategic Move
4. GLOBAL MARKET PERSPECTIVE
World Current & Future Analysis for Smart Sensors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World Historic Review for Smart Sensors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Smart Sensors by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2020 & 2027
World Current & Future Analysis for Smart Flow Sensors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World Historic Review for Smart Flow Sensors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Smart Flow Sensors by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
World Current & Future Analysis for Smart Pressure Sensors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World Historic Review for Smart Pressure Sensors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Smart Pressure Sensors by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
World Current & Future Analysis for Smart Temperature Sensors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World Historic Review for Smart Temperature Sensors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Smart Temperature Sensors by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
World Current & Future Analysis for Smart Position Sensors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World Historic Review for Smart Position Sensors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Smart Position Sensors by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
World Current & Future Analysis for Smart Load Cells by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World Historic Review for Smart Load Cells by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Smart Load Cells by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
UNITED STATES
USA Current & Future Analysis for Smart Sensors by Product Segment - Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
USA Historic Review for Smart Sensors by Product Segment - Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
USA 15-Year Perspective for Smart Sensors by Product Segment - Percentage Breakdown of Value Sales for Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells for the Years 2012, 2020 & 2027
CANADA
Canada Current & Future Analysis for Smart Sensors by Product Segment - Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Canada Historic Review for Smart Sensors by Product Segment - Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
Canada 15-Year Perspective for Smart Sensors by Product Segment - Percentage Breakdown of Value Sales for Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells for the Years 2012, 2020 & 2027
JAPAN
Japan Current & Future Analysis for Smart Sensors by Product Segment - Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Japan Historic Review for Smart Sensors by Product Segment - Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
Japan 15-Year Perspective for Smart Sensors by Product Segment - Percentage Breakdown of Value Sales for Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells for the Years 2012, 2020 & 2027
CHINA
China Current & Future Analysis for Smart Sensors by Product Segment - Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
China Historic Review for Smart Sensors by Product Segment - Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
China 15-Year Perspective for Smart Sensors by Product Segment - Percentage Breakdown of Value Sales for Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells for the Years 2012, 2020 & 2027
EUROPE
Europe Current & Future Analysis for Smart Sensors by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Europe Historic Review for Smart Sensors by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
Europe 15-Year Perspective for Smart Sensors by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2012, 2020 & 2027
Europe Current & Future Analysis for Smart Sensors by Product Segment - Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Europe Historic Review for Smart Sensors by Product Segment - Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
Europe 15-Year Perspective for Smart Sensors by Product Segment - Percentage Breakdown of Value Sales for Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells for the Years 2012, 2020 & 2027
FRANCE
France Current & Future Analysis for Smart Sensors by Product Segment - Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
France Historic Review for Smart Sensors by Product Segment - Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
France 15-Year Perspective for Smart Sensors by Product Segment - Percentage Breakdown of Value Sales for Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells for the Years 2012, 2020 & 2027
GERMANY
Germany Current & Future Analysis for Smart Sensors by Product Segment - Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Germany Historic Review for Smart Sensors by Product Segment - Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
Germany 15-Year Perspective for Smart Sensors by Product Segment - Percentage Breakdown of Value Sales for Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells for the Years 2012, 2020 & 2027
ITALY
Italy Current & Future Analysis for Smart Sensors by Product Segment - Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Italy Historic Review for Smart Sensors by Product Segment - Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
Italy 15-Year Perspective for Smart Sensors by Product Segment - Percentage Breakdown of Value Sales for Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells for the Years 2012, 2020 & 2027
UNITED KINGDOM
UK Current & Future Analysis for Smart Sensors by Product Segment - Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
UK Historic Review for Smart Sensors by Product Segment - Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
UK 15-Year Perspective for Smart Sensors by Product Segment - Percentage Breakdown of Value Sales for Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells for the Years 2012, 2020 & 2027
REST OF EUROPE
Rest of Europe Current & Future Analysis for Smart Sensors by Product Segment - Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Europe Historic Review for Smart Sensors by Product Segment - Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
Rest of Europe 15-Year Perspective for Smart Sensors by Product Segment - Percentage Breakdown of Value Sales for Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells for the Years 2012, 2020 & 2027
ASIA-PACIFIC
Asia-Pacific Current & Future Analysis for Smart Sensors by Product Segment - Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Asia-Pacific Historic Review for Smart Sensors by Product Segment - Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
Asia-Pacific 15-Year Perspective for Smart Sensors by Product Segment - Percentage Breakdown of Value Sales for Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells for the Years 2012, 2020 & 2027
REST OF WORLD
Rest of World Current & Future Analysis for Smart Sensors by Product Segment - Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of World Historic Review for Smart Sensors by Product Segment - Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
Rest of World 15-Year Perspective for Smart Sensors by Product Segment - Percentage Breakdown of Value Sales for Smart Flow Sensors, Smart Pressure Sensors, Smart Temperature Sensors, Smart Position Sensors and Smart Load Cells for the Years 2012, 2020 & 2027
Total Companies Profiled: 213

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