Smart/intelligent sensors market 2013-2019

According to a new market report published by Transparency Market Research Smart/Intelligent Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,”, the global smart/intelligent sensors market is expected to reach a value of US$21.60 billion by 2019, growing at a CAGR of 12.2 per cent from 2013 to 2019. Growing demand for automobiles and growth in the intelligent transport system (ITS) has led to the increase in demand of smart/intelligent sensors. The other f
April 17, 2014 Read time: 2 mins
According to a new market report published by Transparency Market Research Smart/Intelligent Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,”, the global smart/intelligent sensors market is expected to reach a value of US$21.60 billion by 2019, growing at a CAGR of 12.2 per cent from 2013 to 2019.

Growing demand for automobiles and growth in the intelligent transport system (ITS) has led to the increase in demand of smart/intelligent sensors. The other factors driving this market are growing demand of smartphones and tablet PCs. Europe was the largest contributor in smart/intelligent sensors market and accounted for the market share of 34% in 2012.

Smart/intelligent sensors market includes various types of sensors such as image sensors, touch sensors, smart temperature sensors and smart pressure sensors among others. Depending on the need and application the sensors are installed in the devices and used accordingly. Among the various types of smart sensors, image sensors has the largest market share due to growing demand of smartphones and other devices such as tablets and PCs among others.

Among different end-use industries, automobile is the largest followed by industrial in 2012, and is expected to maintain its position throughout the estimated period. The demand from automobile sector is mainly supported by growing demand in emerging regions such as Asia Pacific and RoW. In consumer electronics sector, the demand for smart/intelligent sensors is primarily driven by the growing demand of smartphones, tablets, and ovens among others.

Geographically, Europe held the largest share in the smart/intelligent sensors market in 2012. The demand for smart/intelligent sensors in Europe is primarily driven by medical industry. North America followed Europe in terms of geographical market share. The growth in the region is attributed to the automobile industry due to growing demand of automobiles in the region.
Detection, Monitoring & Machine Vision Classification & Data Collection

Related Content

  • Substantial savings from smarter street lighting
    February 25, 2015
    As authorities strive to reduce expenditure and carbon emissions, Colin Sowman looks at some of the smart ways of managing street lighting while containing costs and maintaining safety. Street lighting can account for 40% of an authority’s energy consumption. So, faced with the need to reduce outgoings, some authorities are looking for smart ways of managing street lighting or even turning off swathes of street lights in the small hours. Back in 2008 the E-street Initiative report concluded that authorities
    Read More
  • Self-driving cars ‘a US$87 billion opportunity in 2030’
    May 22, 2014
    The latest research from Lux Research indicates that automakers and technology developers are closer than ever to bringing self-driving cars to market, with basic Level 2 autonomous behaviour already coming to market, in the form of relatively modest self-driving features like adaptive cruise control, lane departure warning, and collision avoidance braking. With these initial steps, automakers are already on the road to some level of autonomy, but costs remain high in many cases. It is the higher levels
    Read More
  • Vehicle probe data aids emergency rescue vehicle routing
    June 20, 2012
    A new vehicle routeing initiative has arisen to help improve emergency response and relief following natural disasters in Japan. David Crawford reports Japan’s national ITS group ITS Japan and the country’s leading automotives have agreed on a new combined approach to the organisation of traffic management and emergency response in the wake of major natural disasters. A new, robust traffic information platform using probe data obtained from vehicles to support traffic flow will build on the shared experienc
    Read More
  • Study highlights weather effects on traffic
    July 17, 2012
    Extreme weather conditions cost the EU’s transport system at least €15 billion (US$18.44 billion) per year according to a a study carried out by the Finnish VTT Technical Research Centre. The study reveals that the greatest costs incurred are from road accidents, with the associated material and psychological effects. Costs arising from accidents are expected to decrease in volume, although time-related costs attributable to delays are projected to increase. In part, this last effect is due to climate chang
    Read More

Highlighted Content