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Market Report on Intelligent Sensor Market worth $10.46 Billion by 2020

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.

Browse more than 117 market data tables with 73 figures spread through 394 pages and in-depth TOC on "Smart / Intelligent Sensor Market"

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Smart sensor consist of a sensing element, analog-to-digital converter and a bus interface in a package having features such as self testing, self validation, identification and so on. Miniaturized smart sensor offers various processing technique and multiple sensing technologies uniquely modified for various applications such as aerospace & defense, automotive, biomedical, industrial automation, building automation, consumer electronics and so on. Smart sensors are used in almost every machines or devices that gather data. It also has a vital role in subsequent processing and for the transport of data.

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.

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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.

The Biomedical and Industrial Automation Segment is Witnessing High Demand of Smart Sensors. In biomedical applications, smart sensors are used for smart implants like orthopaedic implants instrumented with strain gauges, knee arthroplasty, and retina implant system using image sensors.So, smart sensors are used strongly in health care, as smart implantable devices. They are also used for voltammetric measurements of glucose or oxygen. Smart sensors are also used as cancer detectors, organ monitors, general health monitors. In industrial automation, the smart sensor reduces the systems and infrastructure costs, maintenance, and improves efficiency of materials by monitoring and predicting requirements. The use of smart sensors in industrial automation improves process safety and is used for various applications such as process monitoring, process control, machine health monitoring, corrosion detection, to ensure regulatory compliance and also helps to reduce environmental pollution. In addition to this, it effectively monitors and processes the vibration and noise signals even under testing conditions, makes them suitable for wide range of industries including food processing, transportation, petrochemical, and semiconductor industries.

Apart from biomedical and industrial automation, building automation and consumer electronics are also having an increasing demand of smart sensors. In building automation smart sensors are used for close monitoring and adaptive control of building equipment, monitoring materials performance, and environmental conditions, including temperature, air flow, and air chemistry. In consumer electronics, CMOS sensors are used in cameras, from high-end DSLR (digital single-lens reflex) cameras to smartphones.In smart phones, the sensors used are accelerometer, gyroscope, magnetometer, pressure sensor, image sensors, location sensor, and so on.

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