PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1497714
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1497714
Smart Sensors Market Size and Share Analysis by Type, Technology, Component, End Use - Global Industry Revenue Estimation and Demand Forecast to 2030
Market Highlights
The smart sensors market generated a value of USD 52.4 billion in 2023, which will rise to USD 160.3 billion, powering at a 17.5% compound annual growth rate, by 2030.
The arrival of advanced technologies that can enhance the way of life is increasing momentum.
Depending on the distinctive application, the utilization of improved tools and methods assists in improving effectiveness as well as performance in all walks of life.
Industry 4.0 is a newer concept that is taking the world by storm.
This concept refers to the fourth industrial revolution and comprises the incorporation of diverse concepts, such as digital technologies, automation, advanced manufacturing methods, and data exchange, in various industrial sectors.
Some of the other major components involved in this idea are AI, analytics, cloud computing, IoT, robotics, and AR & VR.
Wearable devices are becoming increasingly popular owing to the growing prevalence of chronic illnesses, specifically in the elderly; the requirement to avoid illnesses, emphasis on long-term monitoring, and rising need for long-term care.
These devices are being enhanced in terms of precision in detection, portability, and comfort, as well as allowing patients to monitor and manage their health status.
Key Insights
APAC was the largest contributor to the industry in 2023, with a 50% share, and it will further advance at a robust rate in the years to come.
This is mainly because of the rising funding in the semiconductor sector, the existence of many electronics makers, and the growing utilization of advanced technologies.
North America is likely to be a significant contributor to the industry in the years to come.
This is mainly because of the high consciousness of many innovative technologies, rising emphasis on utilizing automation across many sectors, and accessibility of robust internet connectivity.
The use of advanced technologies is mostly increasing for enhanced safety, quality of life, and convenience.
The pressure sensors category was the largest contributor to the industry, with a 45% share in 2023, and it will remain the largest throughout this decade.
Most technologies pressure sensors work on are capacitive, optics, and piezoresistive.
This can be mainly because of the use of these components across many devices, such as mobile phones, wearables, HVAC systems for predictive maintenance, vehicles, medical equipment, and drones.
The microelectromechanical systems (MEMS) category accounts for the leading share, and it will further advance at a significant rate, of 20%, in the years to come.
This can be mainly because of the low cost, high accuracy rates, compact size, and the capability of MEMS sensors to sense various kinds of changes like magnetic, mechanical, and chemical.
In 2023, the microcontrollers category accounted for a significant share of the industry.
The compact microcontrollers are employed for enhancing real-time control, connectivity, and sensing in industrial, medical, automotive, and many more applications.
The consumer electronics category was the highest revenue contributor in 2023, with USD 20 billion.
This is because of the increasing utilization of innovative technologies in laptops, smartphones, tablets, smartwatches, and computers, and their surging acceptance in developing nations.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by type
- 1.4.2. Market size breakdown, by technology
- 1.4.3. Market size breakdown, by component
- 1.4.4. Market size breakdown, by end use
- 1.4.5. Market size breakdown, by region
- 1.4.6. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Revenue, by Type (2017-2030)
- 6.3. Market Revenue, by Technology (2017-2030)
- 6.4. Market Revenue, by Component (2017-2030)
- 6.5. Market Revenue, by End Use (2017-2030)
- 6.6. Market Revenue, by Region (2017-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by Type (2017-2030)
- 7.3. Market Revenue, by Technology (2017-2030)
- 7.4. Market Revenue, by Component (2017-2030)
- 7.5. Market Revenue, by End Use (2017-2030)
- 7.6. Market Revenue, by Country (2017-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by Type (2017-2030)
- 8.3. Market Revenue, by Technology (2017-2030)
- 8.4. Market Revenue, by Component (2017-2030)
- 8.5. Market Revenue, by End Use (2017-2030)
- 8.6. Market Revenue, by Country (2017-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by Type (2017-2030)
- 9.3. Market Revenue, by Technology (2017-2030)
- 9.4. Market Revenue, by Component (2017-2030)
- 9.5. Market Revenue, by End Use (2017-2030)
- 9.6. Market Revenue, by Country (2017-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by Type (2017-2030)
- 10.3. Market Revenue, by Technology (2017-2030)
- 10.4. Market Revenue, by Component (2017-2030)
- 10.5. Market Revenue, by End Use (2017-2030)
- 10.6. Market Revenue, by Country (2017-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by Type (2017-2030)
- 11.3. Market Revenue, by Technology (2017-2030)
- 11.4. Market Revenue, by Component (2017-2030)
- 11.5. Market Revenue, by End Use (2017-2030)
- 11.6. Market Revenue, by Country (2017-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by Type (2017-2030)
- 12.3. Market Revenue, by Technology (2017-2030)
- 12.4. Market Revenue, by Component (2017-2030)
- 12.5. Market Revenue, by End Use (2017-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by Type (2017-2030)
- 13.3. Market Revenue, by Technology (2017-2030)
- 13.4. Market Revenue, by Component (2017-2030)
- 13.5. Market Revenue, by End Use (2017-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by Type (2017-2030)
- 14.3. Market Revenue, by Technology (2017-2030)
- 14.4. Market Revenue, by Component (2017-2030)
- 14.5. Market Revenue, by End Use (2017-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by Type (2017-2030)
- 15.3. Market Revenue, by Technology (2017-2030)
- 15.4. Market Revenue, by Component (2017-2030)
- 15.5. Market Revenue, by End Use (2017-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by Type (2017-2030)
- 16.3. Market Revenue, by Technology (2017-2030)
- 16.4. Market Revenue, by Component (2017-2030)
- 16.5. Market Revenue, by End Use (2017-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by Type (2017-2030)
- 17.3. Market Revenue, by Technology (2017-2030)
- 17.4. Market Revenue, by Component (2017-2030)
- 17.5. Market Revenue, by End Use (2017-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by Type (2017-2030)
- 18.3. Market Revenue, by Technology (2017-2030)
- 18.4. Market Revenue, by Component (2017-2030)
- 18.5. Market Revenue, by End Use (2017-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by Type (2017-2030)
- 19.3. Market Revenue, by Technology (2017-2030)
- 19.4. Market Revenue, by Component (2017-2030)
- 19.5. Market Revenue, by End Use (2017-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by Type (2017-2030)
- 20.3. Market Revenue, by Technology (2017-2030)
- 20.4. Market Revenue, by Component (2017-2030)
- 20.5. Market Revenue, by End Use (2017-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by Type (2017-2030)
- 21.3. Market Revenue, by Technology (2017-2030)
- 21.4. Market Revenue, by Component (2017-2030)
- 21.5. Market Revenue, by End Use (2017-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by Type (2017-2030)
- 22.3. Market Revenue, by Technology (2017-2030)
- 22.4. Market Revenue, by Component (2017-2030)
- 22.5. Market Revenue, by End Use (2017-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by Type (2017-2030)
- 23.3. Market Revenue, by Technology (2017-2030)
- 23.4. Market Revenue, by Component (2017-2030)
- 23.5. Market Revenue, by End Use (2017-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by Type (2017-2030)
- 24.3. Market Revenue, by Technology (2017-2030)
- 24.4. Market Revenue, by Component (2017-2030)
- 24.5. Market Revenue, by End Use (2017-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by Type (2017-2030)
- 25.3. Market Revenue, by Technology (2017-2030)
- 25.4. Market Revenue, by Component (2017-2030)
- 25.5. Market Revenue, by End Use (2017-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by Type (2017-2030)
- 26.3. Market Revenue, by Technology (2017-2030)
- 26.4. Market Revenue, by Component (2017-2030)
- 26.5. Market Revenue, by End Use (2017-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by Type (2017-2030)
- 27.3. Market Revenue, by Technology (2017-2030)
- 27.4. Market Revenue, by Component (2017-2030)
- 27.5. Market Revenue, by End Use (2017-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by Type (2017-2030)
- 28.3. Market Revenue, by Technology (2017-2030)
- 28.4. Market Revenue, by Component (2017-2030)
- 28.5. Market Revenue, by End Use (2017-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. Analog Devices Inc.
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. Analog Devices Inc.
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. STMicroelectronics International N.V.
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. TE Connectivity Ltd.
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. Microchip Technology Inc.
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. ABB Ltd.
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. Balluff GmbH
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. Bosch Sensortec GmbH
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. Eaton Corporation plc
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.10. Emerson Electric Co.
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
