Global Smart Sensor Market Expected To Reach $ 1570 Billion By 2020

Date: 2016-09-18

Smart sensors are also called as intelligent sensors, it is a combination of sensor and interfering circuit. Smart sensors are basically used for digital processing i.e. for analog to digital conversion and it can be used across various industries such as consumer electronics, automotive, industrial, medical, security & defence and entertainment because of increasing use of sensing element and process controls in this sectors. Smart sensors are also used for various activities like decision making, it helps in two-way communication and logic function.

The Smart Sensor market was estimated at USD$ 18.58 billion in 2015, and is anticipated to reach USD$ 42.69 billion by 2020. 

Smart sensors offers various advantages such as high performance, high reliability, smaller in size, low power consumption, wireless, easy to design & maintain, and required minimal interconnecting cables. Disadvantages of smart sensor can be it is more complex as compare to traditional sensors as it consist of both sensor and interfering circuit which ultimately increases the cost of sensor and external processor is required for managing sensor calibration. Though disadvantages are there, advantages outweigh it.

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.
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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 1-510-400-8520



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