According to a new market report by Lucintel, the future of the smart sensor market looks promising with opportunities in the automotive, consumer electronics, industrial, infrastructure, medical equipment, avionics, and food and beverage industries. The smart sensor market is expected to grow with a CAGR of 18% from 2019 to 2024. The major drivers for this market are increasing vehicle production, growth in demand for smartphones, and development of smart cities.
In this market, image sensors, smart pressure sensors, smart motion sensors, smart position sensors, smart temperature sensors, and touch sensors are used in various end use industries. Lucintel forecasts that the smart pressure sensor will remain the largest segment over the forecast period due to the growth in automotive and consumer electronics industries.
Within the smart sensor market, consumer electronics will remain the largest end use industry and it is also expected to witness the highest growth over the forecast period due to the increasing adoption in smartphones, gaming consoles, PCs, home appliances, and kitchen appliances.

MEMS and CMOS are the major technologies in the smart sensor market. Lucintel forecasts that MEMS based smart sensor will remain the largest technology due to the increasing adoption in automotive, industrial, healthcare, and consumer electronics industries.

APAC will remain the largest region over the forecast period and it is also expected to witness the highest growth due to the rapid modernization, increasing adoption of new technologies, and growth in consumer electronics, automotive, and healthcare industries.

ABB, Analog Devices, Eaton Corp, Emerson Process Management, Infineon Technologies, NXP Semiconductors, Renesas Electronics, Siemens, STMicroelectronics, Yokogawa Electric Corp are among the major manufacturers of smart sensors.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the smart sensor market by sensor type, technology, network connectivity, end use industry, and region. Lucintel has prepared a comprehensive research report titled "Growth Opportunity in the Smart Sensor Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the smart sensor market by sensor type, technology, network connectivity, end use industry and region as follows:

By Sensor Type [$M shipment analysis for 2019 – 2024]:

• Image sensor
• Smart temperature sensor
• Smart pressure sensor
• Smart motion sensor
• Touch sensor
• Others
By Technology [$M shipment analysis for 2019 – 2024]:

• CMOS
• MEMS
• Others
By Network Connectivity [$M shipment analysis for 2019 – 2024]:
• Wired
• Wireless (Bluetooth, Enocean, Wi-Fi, ZigBee, Z-Wave, and Others)

By End Use Industry [$M shipment analysis for 2019 – 2024]:

• Automotive Industry
• Consumer Electronic
• Infrastructure
• Medical Equipment
• Others


By Region [$M shipment analysis for 2013 – 2024]:
• North America
– United States
– Canada
– Mexico
• Europe
– Germany
– UK
– Italy
• Asia Pacific
– China
– Japan
– India
• Rest of the World

A more than 150 pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:

Q.1 What are some of the most promising potential, high-growth opportunities for the smart sensor market by sensor type (image sensors, smart motion sensors, smart position sensors, smart pressure sensors, smart temperature sensors and touch sensor), technology (MEMS, CMOS, other), network connectivity (wired, wireless (bluetooth, enocean, wi-fi, zigbee, z-wave, and others)), end use industry (automotive industry, consumer electronics, industrial, infrastructure, medical equipment and others (avionics, food & beverage)), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?