PUBLISHER: Grand View Research | PRODUCT CODE: 1530509
PUBLISHER: Grand View Research | PRODUCT CODE: 1530509
Smart Sensors Market Size, Share & Trends Analysis Report By End Use (Industrial, Commercial), By Technology, By Component (Analog To Digital Converter, Digital To Analog Converter), By Type, By Region, And Segment Forecasts, 2024 - 2030
Smart Sensors Market Size & Trends
The global smart sensors market size was valued at USD 51.42 billion in 2023 and is expected to grow at a CAGR of 19.0% from 2024 to 2030. The proliferation of connected devices, which rely heavily on smart sensors for data collection and transmission is driving the demand for smart sensors. Additionally, advancements in miniaturization and sensor technology have made it possible to integrate smart sensors into a wide array of products, which is further driving the market expansion. Moreover, the rising emphasis on energy efficiency and environmental monitoring is boosting the adoption of smart sensors, which is expected to fuel the market growth in the coming years.
Furthermore, the increasing use of automation in manufacturing processes has led to a growing demand for sensors that can monitor and control equipment, track inventory, and optimize production processes. Smart sensors are being used to monitor temperature, pressure, flow rate, and other parameters in industrial settings, enabling real-time monitoring and control. This has led to improved efficiency, reduced downtime, and increased productivity, which is further driving the market growth.
The growing use of machine learning (ML) and artificial intelligence (AI) is one of the major trends in the smart sensors market. ML algorithms can analyze data from smart sensors to predict equipment failures, optimize processes, and improve overall efficiency. AI-powered sensors can analyze data from multiple sources to identify patterns and make decisions in real-time. This has led to increased adoption of smart sensors in industries such as manufacturing, healthcare, and logistics.
Furthermore, rapid technological advancements and the deployment of smart sensors in various electronic devices are driving the market expansion. These advancements are particularly notable in automation, robotics, and Internet of Things (IoT) applications where smart sensors are essential for measuring parameters and transmitting data for processing. The integration of multiple smart sensors creates advanced systems with diverse benefits across industries. This trend is expected to further fuel the market growth.
Companies are focusing on innovation and technological advancements to develop cutting-edge smart sensor solutions that cater to evolving consumer needs. Additionally, strategic partnerships and collaborations with other industry players or research institutions are being leveraged to drive product development and expand market reach. Moreover, investments in research and development activities to create more efficient and cost-effective smart sensor technologies are a priority for these companies. Such strategies by key players are expected to boost the market growth in the coming years.
Global Smart Sensors Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global smart sensors market report based on sensors type, technology, component, end use and region:
- Type Outlook (Revenue, USD Million, 2018 - 2030)
- Touch
- Flow
- Image
- Temperature & Humidity
- Motion
- Pressure
- Light
- Position
- Others
- Technology Outlook (Revenue, USD Million, 2018 - 2030)
- Micro electro-mechanical systems (MEMS)
- Complementary metal-oxide semiconductors (CMOS)
- Others
- Component Outlook (Revenue, USD Million, 2018 - 2030)
- Analog to Digital Converters (ADC)
- Digital to Analog Converters (DAC)
- Transceivers
- Amplifiers
- Microcontrollers
- Others
- End Use Outlook (Revenue, USD Million, 2018 - 2030)
- Industrial
Aerospace & Defense
Consumer Electronics
Healthcare
Transportation & Logistics
Automotive
Energy & Utilities
Renewables
Manufacturing
Others
- Commercial
Retail
Hospitality
Others
- Residential
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
U.S.
Canada
- Europe
UK
Germany
France
Italy
Spain
- Asia Pacific
China
Australia
Japan
India
South Korea
- Latin America
Brazil
Mexico
Chile
Argentina
- Middle East & Africa
South Africa
Saudi Arabia
UAE
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.3.1. Information analysis
- 1.3.2. Market formulation & data visualization
- 1.3.3. Data validation & publishing
- 1.4. 1.4 Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Smart Sensors Market Snapshot
- 2.2. Smart Sensors Market- Segment Snapshot
- 2.3. Smart Sensors Market- Competitive Landscape Snapshot
Chapter 3. Smart Sensors Platform Market - Industry Outlook
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Industry Challenges
- 3.3.4. Industry Opportunities
- 3.4. Industry Analysis Tools
- 3.4.1. Porter's analysis
- 3.4.2. Macroeconomic analysis
- 3.5. Smart Sensors Market: Technology Trends
Chapter 4. Smart Sensors Market: Sensors Type Estimates & Trend Analysis
- 4.1. Sensors Type Movement Analysis & Market Share, 2023 & 2030
- 4.2. Smart Sensors Market Estimates & Forecast, By Sensors Type (USD Million)
- 4.2.1. Touch
- 4.2.2. Flow
- 4.2.3. Image
- 4.2.4. Temperature & Humidity
- 4.2.5. Motion
- 4.2.6. Pressure
- 4.2.7. Light
- 4.2.8. Position
- 4.2.9. Others
Chapter 5. Smart Sensors Market: Technology Estimates & Trend Analysis
- 5.1. Technology Movement Analysis & Market Share, 2023 & 2030
- 5.2. Smart Sensors Market Estimates & Forecast, By Technology (USD Million)
- 5.2.1. Micro electro-mechanical systems (MEMS)
- 5.2.2. Complementary metal-oxide semiconductors (CMOS)
- 5.2.3. Others
Chapter 6. Smart Sensors Market: Component Estimates & Trend Analysis
- 6.1. Component Movement Analysis & Market Share, 2023 & 2030
- 6.2. Smart Sensors Market Estimates & Forecast, By Component (USD Million)
- 6.2.1. Analog to Digital Converters (ADC)
- 6.2.2. Digital to Analog Converters (DAC)
- 6.2.3. Transceivers
- 6.2.4. Amplifiers
- 6.2.5. Microcontrollers
- 6.2.6. Others
Chapter 7. Smart Sensors Market: Technology Estimates & Trend Analysis
- 7.1. End Use Movement Analysis & Market Share, 2023 & 2030
- 7.2. Smart Sensors Market Estimates & Forecast, By End Use (USD Million)
- 7.2.1. Industrial
- 7.2.2. Commercial
- 7.2.3. Residential
Chapter 8. Regional Estimates & Trend Analysis
- 8.1. Smart Sensors Market by Region, 2023 & 2030
- 8.2. North America
- 8.2.1. North America Smart Sensors Market Estimates & Forecasts, 2018 - 2030, (USD Million)
- 8.2.2. U.S.
- 8.2.3. Canada
- 8.3. Europe
- 8.3.1. Europe Smart Sensors Market Estimates & Forecasts, 2018 - 2030, (USD Million)
- 8.3.2. U.K.
- 8.3.3. Germany
- 8.3.4. France
- 8.3.5. Italy
- 8.3.6. Spain
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Smart Sensors Market Estimates & Forecasts, 2018 - 2030, (USD Million)
- 8.4.2. China
- 8.4.3. Japan
- 8.4.4. India
- 8.4.5. South Korea
- 8.4.6. Australia
- 8.5. Latin America
- 8.5.1. Latin America Smart Sensors Market Estimates & Forecasts, 2018 - 2030, (USD Million)
- 8.5.2. Brazil
- 8.5.3. Mexico
- 8.5.4. Chile
- 8.5.5. Argentina
- 8.6. Middle East & Africa (MEA)
- 8.6.1. MEA Smart Sensors Market Estimates & Forecasts, 2018 - 2030, (USD Million)
- 8.6.2. UAE
- 8.6.3. Saudi Arabia
- 8.6.4. South Africa
Chapter 9. Smart Sensors Market - Competitive Landscape
- 9.1. Recent Developments & Impact Analysis, By Key Market Participants
- 9.2. Company Categorization
- 9.3. Participant's Overview
- 9.4. Financial Performance
- 9.5. Product Benchmarking
- 9.6. Company Market Positioning Analysis
- 9.7. Company Heat Map Analysis
- 9.8. Strategy Mapping
- 9.8.1. Expansion/Divestiture
- 9.8.2. Collaborations/Partnerships
- 9.8.3. New Product Launches
- 9.8.4. Contract
- 9.9. Company Profiles
- 9.9.1. Analog Devices Inc.
- 9.9.1.1. Participant's Overview
- 9.9.1.2. Financial Performance
- 9.9.1.3. Product Benchmarking
- 9.9.1.4. Recent Developments
- 9.9.2. Honeywell International, Inc.
- 9.9.2.1. Participant's Overview
- 9.9.2.2. Financial Performance
- 9.9.2.3. Product Benchmarking
- 9.9.2.4. Recent Developments
- 9.9.3. Siemens AG
- 9.9.3.1. Participant's Overview
- 9.9.3.2. Financial Performance
- 9.9.3.3. Product Benchmarking
- 9.9.3.4. Recent Developments
- 9.9.4. Omron Corporation
- 9.9.4.1. Participant's Overview
- 9.9.4.2. Financial Performance
- 9.9.4.3. Product Benchmarking
- 9.9.4.4. Recent Developments
- 9.9.5. Sensirion AG
- 9.9.5.1. Participant's Overview
- 9.9.5.2. Financial Performance
- 9.9.5.3. Product Benchmarking
- 9.9.5.4. Recent Developments
- 9.9.6. Robert Bosch GmbH
- 9.9.6.1. Participant's Overview
- 9.9.6.2. Financial Performance
- 9.9.6.3. Product Benchmarking
- 9.9.6.4. Recent Developments
- 9.9.7. NXP Semiconductors
- 9.9.7.1. Participant's Overview
- 9.9.7.2. Financial Performance
- 9.9.7.3. Product Benchmarking
- 9.9.7.4. Recent Developments
- 9.9.8. ST Microelectronics
- 9.9.8.1. Participant's Overview
- 9.9.8.2. Financial Performance
- 9.9.8.3. Product Benchmarking
- 9.9.8.4. Recent Developments
- 9.9.9. Infineon Technologies AG
- 9.9.9.1. Participant's Overview
- 9.9.9.2. Financial Performance
- 9.9.9.3. Product Benchmarking
- 9.9.9.4. Recent Developments
- 9.9.10. General Electric (GE)
- 9.9.10.1. Participant's Overview
- 9.9.10.2. Financial Performance
- 9.9.10.3. Product Benchmarking
- 9.9.10.4. Recent Developments
- 9.9.1. Analog Devices Inc.
List of Tables
- Table 1 Smart Sensors Market- Key Market Driver Impact
- Table 2 Global Smart Sensors Market- Key Market Restraint Impact
- Table 3 Global Smart Sensors Market- Key Market Opportunities
- Table 4 Global Smart Sensors Market- Key Market Challenges
- Table 5 Smart Sensors Market Revenue Estimates and Forecast, By Sensors Type, 2018 - 2030 (USD Million)
- Table 6 Smart Sensors Market Revenue Estimates and Forecast, By Technology, 2018 - 2030 (USD Million)
- Table 7 Smart Sensors Market Revenue Estimates and Forecast, By Component, 2018 - 2030 (USD Million)
- Table 8 Smart Sensors Market Revenue Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
- Table 9 Recent Developments & Impact Analysis, By Key Market Participants
- Table 10 Company Heat Map Analysis
- Table 11 Key Companies Launching New Products
- Table 12 Key Companies Pursuing Expansions
- Table 13 Key Companies Pursuing Mergers & Acquisitions
- Table 14 Key Companies Collaborations
List of Figures
- Fig. 1 Market Segmentation And Scope
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation And Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market Snapshot
- Fig. 7 Segment Snapshot (1/2)
- Fig. 8 Segment Snapshot (2/2)
- Fig. 9 Competitive Landscape Snapshot
- Fig. 10 Smart Sensors Market , 2018 - 2030 (USD Million)
- Fig. 11 Smart Sensors Market - Value Chain Analysis
- Fig. 12 Smart Sensors Market- Market Dynamics
- Fig. 13 Smart Sensors Market - Porter's Five Forces Analysis
- Fig. 14 Smart Sensors Market - PESTEL Analysis
- Fig. 15 Smart Sensors Market, By Sensors Type : Key Takeaways
- Fig. 16 Touch Smart Sensors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 17 Flow Smart Sensors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 18 Image Smart Sensors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 19 Temperature & Humidity Smart Sensors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 20 Motion Smart Sensors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 21 Pressure Smart Sensors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 22 Light Smart Sensors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 23 Position Smart Sensors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 24 Others Smart Sensors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 25 Smart Sensors Market, By Technology : Market Share, 2023 & 2030
- Fig. 26 Micro Electro-Mechanical Systems (MEMS) Smart Sensors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 27 Complementary Metal-Oxide Semiconductors (CMOS) Smart Sensors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 28 Others Smart Sensors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 29 Smart Sensors Camera, By Component : Key Takeaways
- Fig. 30 Smart Sensors Camera, By Component : Market Share, 2023 & 2030
- Fig. 31 Analog to Digital Converters (ADC) Smart Sensors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 32 Digital to Analog Converters (DAC) Smart Sensors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 33 Analog to Digital Converters (ADC) Smart Sensors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 34 Transceivers Smart Sensors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 35 Amplifiers Smart Sensors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 36 Microcontrollers Smart Sensors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 37 Others Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 38 Smart Sensors Camera, By End Use : Key Takeaways
- Fig. 39 Smart Sensors Camera, By End Use : Market Share, 2023 & 2030
- Fig. 40 Industrial Smart Sensors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 41 Aerospace & Defense Smart Sensors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 42 Consumer Electronics Smart Sensors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 43 Healthcare Smart Sensors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 44 Transportation & Logistics Smart Sensors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 45 Automotive Smart Sensors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 46 Energy & Utilities Smart Sensors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 47 Renewables Smart Sensors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 48 Manufacturing Smart Sensors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 49 Others Smart Sensors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 50 Commercial Smart Sensors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 51 Retail Smart Sensors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 52 Hospitality Smart Sensors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 53 Others Smart Sensors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 54 Residential Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 55 Smart Sensors Market Revenue By Region, 2023 & 2030 (USD Million)
- Fig. 56 Regional Marketplace: Key Takeaways
- Fig. 57 Regional Marketplace: Key Takeaways
- Fig. 58 North America Smart Sensors Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 59 U.S. Smart Sensors Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 60 Canada Smart Sensors Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 61 Europe Smart Sensors Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 62 Germany Smart Sensors Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 63 U.K. Smart Sensors Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 64 France Smart Sensors Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 65 Italy Smart Sensors Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 66 Spain Smart Sensors Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 67 Asia Pacific Smart Sensors Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 68 China Smart Sensors Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 69 India Smart Sensors Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 70 Japan Smart Sensors Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 71 Australia Smart Sensors Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 72 South Korea Smart Sensors Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 73 Latin America Smart Sensors Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 74 Brazil Smart Sensors Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 75 Mexico Smart Sensors Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 76 Chile Smart Sensors Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 77 Argentina Smart Sensors Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 78 MEA Smart Sensors Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 79 Saudi Arabia Smart Sensors Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 80 South Africa Smart Sensors Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 81 UAE Smart Sensors Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 82 Key Company Categorization
- Fig. 83 Strategic Framework
