According to a new market research report “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), & by Geography - Forecasts & Analysis 2013 - 2020” , 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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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.
This report presents the future of the global smart sensor market and industry from both technical and market-oriented perspectives with techno-market oriented road maps till 2020. This report describes the market trends, drivers, restraints and opportunities of the smart sensor market and forecasts the market to 2020, based on sensor types, technology, components, application and geography. The report presents a detailed analysis of sensor type market such as flow sensor, dissolved oxygen sensor, turbidity sensor, Oxidation reduction potential (ORP) sensor, pH sensor, temperature sensor, pressure sensor touch sensor and forecast the growth for each one of them. In geography the report covers geographies like the Americas, Europe, Asia-Pacific, and ROW (Rest of the World). In 2013, the Americaswasthe largest geography in terms of market revenue for the smart sensor market. APAC, Europe and ROW are also a promising market, along with China, India, Germany and the Middle East are providing impetus to the growth.
A sensor with an interfacing circuit forms a smart sensor which is capable of making decision, logic function, two way communications and so on. The major benefits offered by a smart sensor are high reliability, minimal cost, high performance, and scalability. The major challenge associated with the smart sensor is the pre-defined embedded functions have to be provided during designing of smart sensors. These are used in various applications like aerospace & defense, automotive, biomedical, industrial automation, building automation, consumer electronics and so on. It measure brightness, acceleration, temperature, humidity, material property and so on. Due to the flexibility and miniaturization, smart sensors are now integrating in almost all such as automotive products, consumer electronics products, wearable devices and so on.
The Smart Sensor is a device which consists of transduction element, signal conditioning electronics and controller or processor. It has the ability to take decisions and it is a complete system which is also known as a system on chip. The main aim of smart sensors is to integrate electronics and sensors. Smart sensor enables the sensor to stand alone with the processing power normally associated with much larger data acquisition systems.
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