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Smart Sensors Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

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Smart Sensors Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

Smart Sensors Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

  • Published Date: 09 Sep 2020
  • Report ID: ICT&S 0086
  • Pages:181
  • Base Year: 2019
  • Format: PDF
  • Historical Data: 2016-2019

Smart sensors are a combination of sensor and interfering circuit, also known as intelligent sensors. Smart sensors are typically used for digital processing i.e., for analog to digital conversion. It is also employed in several industries such as entertainment, security & defense, medical, consumer electronics, automotive, industrial, etc. Smart sensors aid in two-way communication and logic function, thus also used in decision-making activities. It provides various benefits such as low power consumption, high performance, high reliability, smaller in size, wireless, easy to design & maintain, and required minimal interconnecting cables. The global smart sensors market is projected to grow at a CAGR of 20.5% during the forecast period.

Top Driver: Robust Demand for Smartphones and Wide Application in Various Sectors

The smart sensor market is expected to witness growth in the coming years due to the surging demands of consumers for electronics and automobiles. The rapid adoption of smart sensors in smartphones and computer devices with a touch screen display has also driven the market. Other significant factors contributing to the growth are increasing demand for smart wireless sensors and energy-saving functions of smart sensors, technological advancement, increasing use of smart sensors in various industries like logistics, defense, and healthcare.

However, lack of privacy, complex structure, high replacement, deployment cost, and lack of customization are expected to hinder the market.

Temperature and Humidity Sensors to Make Crucial Contribution to Growth of the Market

Among type segments of the global smart sensors market, temperature and humidity sensors is predicted to show significant growth in future owing to the increasing demand for these sensors in various institutions and industries for temperature check. Other segments under type include Pressure Sensors, Flow Sensors, Image Sensors, Touch Sensors, Light Sensors, Ultrasonic Sensors, Others. on the basis of industry, the market is segmented into Industrial Automation, Biomedical & Healthcare, Consumer Electronics, Aerospace & Defense, Others. On the basis of connectivity, the market is segmented as Wired, Wireless.

Rising Investments in Product Launches to Benefit Asia Pacific Market

The smart sensor industry in APAC is estimated to grow at the highest CAGR, in terms of value, during the forecast period. Furthermore, Asia Pacific is expected to be the fastest-growing market for smart sensors. In this study, APAC is divided into China, South Korea, India, Japan, and Rest of APAC. Asia Pacific is anticipated to have grip on various industries, such as consumer electronics, automobiles, and healthcare. Additionally, this region has attributed to gain large-value investments and business expansion opportunities. These factors are likely to boost the market in the geography in the coming years.

Players to Focus on Smart Sensors Market

The global market is expected to stay fragmented with the increase in the number of new entrants in the coming years. Siemens, ABB, Analog Devices, Eaton Corporation, Honeywell, NXP Semiconductor, Emerson Electric, STMicroelectronics, TE Connectivity, Robert Bosch, Infineon Technologies, Vishay Technologies, Balluff, Airmar Technology Corporation, and Memsic among others could be at the forefront of the competition in the global market.

Siemens: In 2018, Siemens Building Technologies Division is acquiring Enlighted Inc., a leading provider of smart IoT systems in buildings, headquartered in Silicon Valley. The company is a successful player in the smart building industry, bringing an advanced digital sensory system to market. Both parties have agreed not to disclose financial details. Closing is expected in the third quarter of 2018.

TE Connectivity: In April 2019, TE Connectivity (TE), a world leader in connectivity and sensors, had signed a definitive agreement to acquire the Kissling group of companies (Kissling or Kissling Group), a provider of high- power relays and ruggedized switches used in the commercial vehicle, transportation, industrial, military and aviation industries as well as other applications. The transaction is expected to close May 30, 2019, following the completion of customary regulatory approvals.

Scope of the Report

By Type

  • Pressure Sensors
  • Temperature & Humidity Sensors
  • Flow Sensors
  • Image Sensors
  • Touch Sensors
  • Light Sensors
  • Ultrasonic Sensors
  • Others

By Industry

  • Industrial Automation
  • Biomedical & Healthcare
  • Consumer Electronics
  • Aerospace & Defense
  • Others

By Connectivity

  • Wired
  • Wireless

By Region

  • North America
  • Europe
  • Asia Pacific
  • SAMEA

Key Reasons to Purchase this Report

  1. It provides a technological development map over time to understand the growth rate of the industry.
  2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
  3. It renders definite analysis for changing competitive dynamics.
  4. It builds a seven-year estimate based on how the market is predicted to grow.

Table of Content

Chapter 1           Overview And Scope

1.1             Market Vision

1.1.1          Market Definition

1.1.2          Market Scope

1.2             Market Segmentation

Chapter 2           Our Research Practice

2.1             Our Research Methodology

2.2             Data Triangulation

2.3             Data Sources

2.4             Assumptions for the study

2.5             Approach Adopted

Chapter 3           Executive Summary

3.1             Market Snapshot

3.2             Regional Snapshot

3.3             Segment Summary

Chapter 4           Covid-19 Impact Analysis

4.1             Overview

4.2             Prevalence analysis

4.3             Key Factor Impact Analysis

Chapter 5           Global Network Forensics Market Forces

5.1             What’s Driving the Market

5.2             Porter’s Five Forces Analysis

5.2.1          Power of Suppliers

5.2.2          Threats From New Entrants

5.2.3          Power of Buyer

5.2.4          Threat From Substitute Product

5.2.5          Degree of Competition

Chapter 6           Global Network Forensics Market -Industry Snapshots

6.1             Overview

6.1.1          Global Network Forensics Market Value, 2019 – 2028, (US$ Bn)

6.2             Market Overview

6.2.1          Drivers Analysis

6.2.2          Restraint/Challenges analysis

6.2.3          Opportunity Analysis

6.3             Supply Chain/Value Chain Analysis

6.4             Market SWOT Analysis

Chapter 7           Global Network Forensics Market Analysis, by Component

7.1             Overview

7.2             Key Findings for Network Forensics Market- By Type

7.2.1          Network Forensics Market- Software

7.2.2          Network Forensics Market- Services

Chapter 8           Global Network Forensics Market Analysis, by Application

8.1             Overview

8.2             Key Findings for Network Forensics Market- By Application

8.2.1          Network Forensics Market- BFSI

8.2.2          Network Forensics Market- Government

8.2.3          Network Forensics Market- IT and Telecommunication

8.2.4          Network Forensics Market- Manufacturing

8.2.5          Network Forensics Market- Energy and Utilities

8.2.6          Network Forensics Market- Healthcare

8.2.7          Network Forensics Market- Retail

Chapter 9           Global Network Forensics Market Analysis, by End User

9.1             Overview

9.2             Key Findings for Network Forensics Market- By End User

9.2.1          Network Forensics Market- Small and Medium Enterprises

9.2.2          Network Forensics Market- Large Enterprises

Chapter 10       Network Forensics Market Analysis by Region

10.1           Key Findings for Network Forensics Market- By region

10.2           Overview

10.2.1       Global Network Forensics Market Analysis, By Type, 2019 – 2028

10.2.2       Global Network Forensics Market Analysis, By Application, 2019 – 2028

10.2.3       Global Network Forensics Market Analysis, By End User, 2019 – 2028

10.3           Network Forensics Market – North America

10.3.1       Overview

10.3.2       U.S.

10.3.3       Canada

10.3.4       Mexico

10.3.5       North America Market, By Type

10.3.6       North America Market, By Application

10.3.7       North America Market, By End User

10.4           Network Forensics Market – Europe

10.4.1       Overview

10.4.2       Germany

10.4.3       United Kingdom

10.4.4       France

10.4.5       Italy

10.4.6       Rest Of Europe

10.4.7       Europe Market, By Type

10.4.8       Europe Market, By Application

10.4.9       Europe market by, End User

10.5           Network Forensics Market – Asia Pacific

10.5.1       Overview

10.5.2       China

10.5.3       Japan

10.5.4       India

10.5.5       Rest of APAC

10.5.6       Asia Pacific Market, By Type

10.5.7       Asia Pacific Market, By Application

10.5.8       Asia Pacific Market, By End User

10.6           Network Forensics Market – SAMEA

10.6.1       Overview

10.6.2       Middle East & Africa (MEA)

10.6.3       South America

10.6.4       Rest Of World

10.6.5       South America, Middle East and Africa Market, By Type

10.6.6       South America, Middle East and Africa Market, By Application

10.6.7       South America, Middle East and Africa Market, By End User

Chapter 11       Market Competition Analysis

11.1           Market Share/Positioning Analysis

11.1.1       Market Positioning of Key Vendors, 2019

11.1.2       Key Strategies Adopted by the Leading Players

11.1.3       Recent Developments

Chapter 12       Company Profiles- Snapshot

12.1           IBM Corporation

12.1.1       Business Fundamentals

12.1.2       Financial Snapshots

12.1.3       Product Portfolio

12.1.4       Recent Developments

12.2           Cisco Systems

12.3           FireEye

12.4           Symantec Corporation

12.5           NETSCOUT Systems

12.6           EMC RSA

12.7           Viavi Solutions

12.8           LogRhythm

12.9           NIKSUN

12.10        Savvius

*More than 10 Companies are profiled in this Research Report*

*Financials would be provided on a best efforts basis for private companies”

Chapter 13       Appendix

 

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