The Business Research Company has updated all its market reports with the latest information for the year 2024, projecting trends and forecasts until 2033.
The Smart Sensor Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Smart Sensor Global Market Report 2024, The smart sensor market size has grown rapidly in recent years. It will grow from $50.94 billion in 2023 to $59.42 billion in 2024 at a compound annual growth rate (CAGR) of 16.6%. The growth in the historic period can be attributed to consumer electronics growth, automotive industry innovations, environmental monitoring needs, focus on energy efficiency, smart cities initiatives, security and surveillance.The smart sensor market size is expected to see rapid growth in the next few years. It will grow to $108.67 billion in 2028 at a compound annual growth rate (CAGR) of 16.3%.
The growing demand for consumer electronics is expected to drive the smart sensor market. Consumer electronics encompass various electronic equipment, gadgets, or devices designed for purchase and regular use by consumers for non-commercial or professional purposes. The use of smart sensors in consumer electronics has become prevalent, with these sensors performing predetermined tasks to enhance functionality, reduce time, and optimize operational costs.For example, Oberlo, a Lithuania-based e-commerce platform, reported in June 2021 that 6.4 billion people globally use smartphones. This widespread adoption of consumer electronics, especially smartphones, contributes to the increasing demand for smart sensors. As consumers continue to integrate electronic devices into their daily lives, the smart sensor market is expected to thrive.
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The smart sensor market covered in this report is segmented –
1) By Type: Touch Sensors, Flow Sensors , Smart Temperature Sensor, Smart Position Sensor, Turbidity Sensor
2) By Components: Digital-To-Analog Converter, Analog-To-Digital Convertor, Amplifier, Other Components
3) By Technology: CMOS, MEMS, Optical Spectroscopy, Other Technologies
4) By End-Users: Automotive, Consumer Electronics, Infrastructure, Healthcare, Other End-Users
Top Major Players
Murata Manufacturing Co. Ltd.,
Skyworks Solutions Inc.,
Qorvo Inc.,
Broadcom Inc.,
NXP Semiconductors N.V.
The smart sensor market report table of contents includes:
1. Executive Summary
- Smart Sensor Market Characteristics
- Smart Sensor Market Trends And Strategies
- Smart Sensor Market – Macro Economic Scenario
- Global Smart Sensor Market Size and Growth
- Smart Sensor Market Segmentation
- Smart Sensor Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Smart Sensor Market
- Smart Sensor Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Smart Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Smart Sensor Market, Segmentation By Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Smart Sensor Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 75: Murata Manufacturing Co. Ltd. Financial Performance
Table 76: Skyworks Solutions Inc. Financial Performance
Table 77: Qorvo Inc. Financial Performance
Table 78: Broadcom Inc. Financial Performance
Table 79: NXP Semiconductors N.V. Financial Performance
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