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Global Smart Sensor Market Worth USD 57.77 Billion by 2022 - Analysis, Technologies & Forecasts Report 2016-2022 - Key Vendors: Analog Devices, Eaton Corp, Legrand - Research and Markets

[May 17, 2016]

Global Smart Sensor Market Worth USD 57.77 Billion by 2022 - Analysis, Technologies & Forecasts Report 2016-2022 - Key Vendors: Analog Devices, Eaton Corp, Legrand - Research and Markets

Research and Markets has announced the addition of the "Smart Sensor Market by Type, Technology, Component, Connectivity, End-User Industry and Geography - Global Trends and Forecast to 2022" report to their offering.

The smart sensor market is expected to grow from USD 18.58 Billion in 2015 to USD 57.77 Billion by 2022, at a CAGR of 18.1% between 2016 and 2022.

In the current market scenario, there is a growing demand for smart sensors in the consumer electronics industry, automotive industry, healthcare industry, and in some industrial sectors such as textile, material manufacturing, and F&B among others. This is attributed to the increasing demand for sensing technologies among various sectors and the growing vehicle production in economies such as Japan, China, the U.S., and India.

This report aims to estimate the market size and future growth potential of the smart sensor market across different segments such as sensor type, technology, component network connectivity, end-user industries, and geography. Factors such as the growing concern toward security & surveillance, increasing need for energy-efficient devices, growing consumer electronics sector, surge in automotive industry on a global basis, favorable government initiatives, and growing trend of miniaturization in the sensors segment are expected to boost the growth of the market during the forecast period.

Companies Mentioned: