According to a new market research report "Smart / Intelligent Sensor Market by Type (Flow Sensor, Dissolved Oxygen Sensor, Temperature Sensor, Pressure Sensor, Touch Sensor), Technology (MEMS, CMOS), Application (Aerospace, Automotive, Industrial, Building Automation) and Geography - Forecasts & Analysis 2013 - 2020" , published by MarketsandMarkets , the total market is expected to generate revenue of $10.46 Billion by 2020 growing at an estimated CAGR of 36% from 2012-2020.
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A sensor is a device, which is designed to acquire information from an object and transform it into an electrical signal. A smart sensor is a sensor which produces an electric output when it is combined with interfacing electronic circuits. It is a combination of both sensor and actuator. The Smart sensor has intelligence capabilities that are on-board microprocessor or microcontroller. It is used for digital processing, analog to digital conversions, and can be used for other purposes like decision making, two-way communication, and logic functions. Smart sensors have various advantages in comparison to conventional sensor like smaller size, wireless, low power consumption, high performance.
Siemens AG (Germany) is one of the leaders in smart sensors. It provides the unique portfolio of sensor systems for various applications. The company’s operating segments are financial services, infrastructure & cities, industry, energy, healthcare, and equity investments. Siemens’’ sensor system product line includes condition monitoring, process instrumentation, process analytics, vision sensors, weighing and batching systems, measuring systems and provides solutions for industries. Siemens believes in new product launches, some of the new launches of the company are flow meter sensors for Compressed Natural Gas (CNG) applications which has high flow rate and helpful in fast fueling, room sensors, pressure transmitters which has high response speed and accuracy, temperature sensors and so on. The company has got many patents which reached to 60,000 in the year 2013.
Freescale Semiconductor Inc (U.S.) is one of the world leader manufacturers of smart sensors for the markets like automotive, consumer, medical and industrial. Freescale sensors are classified under the Xtrinsic brand which provides high degree of contextual awareness and decision making. This Xtrinsic brand is the integrated platforms with multiple sensors and a processor. The sensors which are offered by the company are acceleration sensors, Battery Sensors, Gyroscope Magnetic SensorsPressure SensorsSensing PlatformsTouch Sensors. The company also developed many new product launches in products like Kinetis KLO2 family of microcontroller units which delivers 15.9 CM/mA and has high processing performance. The company also introduced Xtrinsic intelligent sensor which serves as a highly advanced sensor fusion platform.
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