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Global Smart Sensor Market Value of USD 57.77 Billion by 2022 - Trends, Technologies & Opportunities Report 2016-2022 - Research and MarketsDUBLIN, May 17, 2016 /PRNewswire/ -- 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 forecast to reach a value of USD 57.77 Billion by 2022, growing at a CAGR of 18.1% between 2016 and 2022. The smart sensor market size, in terms of unit shipments, is estimated to witness double-digit growth rate during the forecast period. The smart sensor is currently witnessing rising demand in the automotive and consumer electronics industries as they are among the most recommended devices used for measuring, controlling, computing, and communicating. Factors such growing consumer electronics sector, surge in the automotive industry on a global basis, favorable government initiatives, and growing trend of miniaturization in sensors are some of the major growth drivers for this market. In terms of technology, MEMS-based smart sensor is expected to hold the largest market share and dominate the smart sensor market between 2016 and 2022. Of all the end-user industries considered for this study, the consumer electronics industry is expected to hold the largest market share and dominate the smart sensor market between 2016 and 2022; it is expected to grow at the highest rate between 2016 and 2022. Companies Mentioned:
Report Structure: 1 Introduction 4 Premium Insight For more information visit http://www.researchandmarkets.com/research/32qcgz/smart_sensor Media Contact: Research and Markets To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-smart-sensor-market-value-of-usd-5777-billion-by-2022---trends-technologies--opportunities-report-2016-2022---research-and-markets-300270209.html SOURCE Research and Markets 
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