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$28.78 Billion Smart Sensors Market - Forecasts from 2016 to 2021: Key Players are General Electric, Eaton, ABB, Honeywell International and Analog Devices - Research and Markets

Research and Markets has announced the addition of the "Smart Sensors Market - Forecasts from 2016 to 2021" report to their offering.

Smart Sensor market is expected to grow at a compound annual growth rate of 15.31% over the forecast period to reach a total market size of US$28.780 billion by 2021, from estimated value of US$12.243 billion in 2015.

Tremendous progress in the semiconductor technology has resulted in a low-cost microprocessor, thereby boosting the market for Smart Sensors. The increasing application of these sensors across different industries has provided the necessary impetus to the market growth.

New technology trend of Internet of Things (IoT) will further drive the market for these sensors. Smart cities and smart factories will further require the implementation of these sensors across various applications. Americas is the major market for these sensors and will continue to dominate the global market. Asia Pacific will witness the fastest growth due to rising demand from emerging economies of China and India, while Europe Middle East and Africa region witness moderate growth as compared to the other two regions.

Some of the industry players profiled as part of this section are General Electric, Eaton Corporation, ABB, Honeywell International, and Analog Devices among others.

Segmentation

By Type

  • Flow Sensors
  • Position Sensors
  • Touch Sensors
  • Pressure Sensors
  • Temperature Sensors
  • Image Sensors
  • Motion & Occupancy Sensors
  • Others

By Technology

  • MEMS-based smart sensors
  • CMOS-based smart sensors
  • Others

By Network Connectivity

  • Wired
  • Wireless

By Industry Vertical

  • Manufacturing
  • Healthcare
  • Communication and Technology
  • Consumer Electronics
  • Infrastructure
  • Security
  • Others

Companies Mentioned

  • General Electric
  • Eaton Corporation
  • ABB
  • Honeywell International
  • Analog Devices
  • Infineon Technologies
  • Legrand
  • NXP Semiconductors
  • STMicroelectronics
  • InvenSense
  • Robert Bosch
  • TE Connectivity

For more information about this report visit http://www.researchandmarkets.com/research/m4xztx/smart_sensors

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