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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The Smart sensor contains a sensing element, analog interface circuit, an analog-to-digital converter (ADC), and a bus interface, all in one platform. Smart sensors have the capabilities such as self-calibration and self-diagnosis, the ability to use signal processing, and multi-sensing capabilities. In current scenario, the Americas are the leader in the Smart sensor market. The North American market is more dominated currently wherein; the U.S. constitutes of 44%, Canada 31% and Mexico 25%. APAC is expected to overtakethe U.S. and change this situation for smart sensor market because APAC is considered as a center for supplying consumer electronics products and consumer electronics embedded with smart sensors is expected to penetrate into the market.
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.
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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.
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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 Americas was the 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, Germanyand the Middle East are providing impetus to the growth.
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The report profiles 20 promising players with a SWOT analysis of key players in the Smart Sensor Market. The competitive landscape of the market presents an interesting picture, where a large number of small players have become a force to reckon with. The market is witnessing a series of new product launch announcement and partnership across the value chain. Some big announcement by small and big players is expected in the coming months. Some of the key players in the smart sensor market are Analog Devices Inc (U.S.), AuthenTec Inc (U.S.), ABB Ltd (Switzerland), Colibrys Ltd (Switzerland), Cypress Semiconductor Corporation (U.K.), Freescale Semiconductors Inc (U.S.), Infineon Technologies AG (Germany), and Siemens AG (Germany).
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