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Research and Markets: Global Smart/Intelligent Sensor Market Report 2014: Forecasts & Opportunities for the $10 Billion IndustryDUBLIN --(Business Wire)-- Research and Markets (http://www.researchandmarkets.com/research/6lx2qf/smartintelligent) has announced the addition of the "Global Smart/Intelligent Sensor Market Report 2014: Forecasts & Opportunities for the $10 Billion Industry" report to their offering. The global smart sensor market is expected to reach $10 billion by the end of 2020 at a CAGR of 36%. Applications of smart sensors include industrial automation, aerospace and defense, building automation, biomedical, automotive, and consumer electronics. Some of the advantages of smart sensors are lower cost, self indication, auto correction, auto display, ease of use, high reliability, compactness, and so on. Currently, the U.S., U.K., South Korea and China are the major countries who have captured the smart sensor market and according to the forecast, the next growing countries which will move their position upwards up to 2020 will be Canada and Germany. The China and Brazil will also show upward growth and boosting their profits. The technologies which are incorporated in smart sensors are Micro-Electro-Mechanical Systems (MEMS), Complementary Metal Oxide semiconductor (CMOS) technology, and Optical spectroscopy. Currently, pressure sensors are being employed in smart phones and computer devices havingtouch screen displays. So, it is expected that it will bring a widely used platform for smart sensors. The various types of smart sensors which are widely used in various applications are flow sensors, temperature sensors, pressure sensors, touch sensors, dissolved oxygen sensors, turbidity sensors, oxidation reduction potential (ORP) sensors, and PH sensors. Flow sensor is a device for sensing the rate of fluid flow and is mainly used for industrial automation applications. Key Take Aways:
The major companies in smart sensor market are:
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