Global Smart Sensors Strategic Business Report 2023: Healthy Outlook for Flow Meters to Benefit Demand for Smart Flow Sensors


Dublin, March 01, 2023 (GLOBE NEWSWIRE) -- The "Smart Sensors - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Smart Sensors estimated at US$42.4 Billion in the year 2022, is projected to reach a revised size of US$171.1 Billion by 2030, growing at a CAGR of 19.1% over the analysis period 2022-2030.

Smart Flow Sensors, one of the segments analyzed in the report, is projected to record a 19% CAGR and reach US$77.9 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Smart Pressure Sensors segment is readjusted to a revised 19.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $12.4 Billion, While China is Forecast to Grow at 17.9% CAGR

The Smart Sensors market in the U.S. is estimated at US$12.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$28.5 Billion by the year 2030 trailing a CAGR of 17.9% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.4% and 16.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 13.7% CAGR.

Select Competitors (Total 213 Featured) -

  • ABB
  • Analog Devices Inc.
  • Delphi Automotive Plc
  • Eaton Corporation Plc
  • Honeywell International, Inc.
  • Infineon Technologies AG
  • NXP Semiconductors
  • Omron Corp.
  • Raytek Corp.
  • Robert Bosch GmBH
  • Schneider Electric SE
  • Sensata Technologies Inc.
  • SICK AG
  • Siemens AG
  • Smart Sensors Inc.
  • Vishay Intertechnology Inc.
  • Yokogawa Electric Corp.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Report Metrics:

Report AttributeDetails
No. of Pages359
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$42.4 Billion
Forecasted Market Value (USD) by 2030$171.1 Billion
Compound Annual Growth Rate19.1%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Recent Market Activity
  • Sensors - A Prelude
  • Introduction to Smart Sensors
  • Smart Sensors Market over the Years
  • The IoT Phenomenon Necessitates Usage of Smart Sensors
  • Smart Sensors Witness Demand from Various Application Markets
  • Energy Efficient Miniaturized Sensors in Demand
  • MEMS - Enjoys Highest Popularity among All Sectors
  • Smart Sensing Improves Manufacturing Efficiencies
  • Initiating Maintenance Protocols and Predicting Equipment Failures
  • Sensors to Control, Monitor and Improve Processes
  • Maintenance of Historical Records, Logs and Regulatory Compliance
  • Sending Irregularities and Quality Standards Notifications Automatically
  • Predictive Monitoring, Analytics and Informatics with Smart Sensors
  • More Information Quickly and Easily
  • Rapidly Developing Sensor Technology Landscape
  • IoT for Analyzing and Unearthing Big Data
  • Smart Sensors - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Enhance Responsiveness and Fasten Flow of Information
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Smart Flow Sensors Market - The Largest Revenue Contributor
  • A Look into Key End-Use Opportunities for Flow Sensors
  • Healthy Outlook for Flow Meters to Benefit Demand for Smart Flow Sensors
  • Opportunity Indicator
  • Smart Pressure Sensors - The Fastest Growing Product Segment
  • Review of Key End-Use Opportunities for Smart Pressure Sensors
  • Smart Temperature Sensors
  • Miniature Temperature Sensors Grow in Popularity
  • Key Application Areas for Temperature Sensors
  • Digital/Smart Load Cells - A Budding Market
  • MEMS Technology Expands Opportunities for Smart Sensors
  • Wireless Smart Sensors Gaining Traction
  • Smart Grid Sensors - North America Dominates
  • Automotive Market - Opportunities Galore
  • Weight Reduction of Automobiles to Drive Demand for Light-Weight and Smaller Smart Sensors
  • Integration of Safety & Control Technologies in Automobiles on the Rise - Bodes Well for Automotive Sensors Market
  • Critical Role of Smart Sensors in Collision Avoidance Systems
  • Airbags - A Key Application Area for Smart Sensors in Automotive Market
  • Opportunity Indicators
  • Growing Integration of TPMS Drives Demand for Smart Pressure Sensors
  • Intelligent Sensors for Smart Cars
  • Deployment of Smart Sensors Capable of "feeling" the Surroundings
  • Leveraging Advanced Analytics to Make Systems that 'Think' Intelligently
  • Balancing Innovation and Security to Steer the Road Ahead
  • Opportunity Indicator for Smart Pressure Sensors in Automotive Market
  • Growing Penetration of MEMS Pressure Sensors in Automotive Segment
  • MEMS/MST Application Opportunities in Vehicle Diagnostic/Monitoring Systems
  • Projected Rise in Automotive Demand & Subsequent Rise in Production Bodes Well for Smart Sensors Market
  • Opportunity Indicators
  • Resurgence in Manufacturing/Industrial Sector Boosts Demand for Smart Sensors in Production/Processing Activity and Machinery Applications
  • Process Industries - A Major Market for Pressure Sensors
  • Automation of Industrial Processes to Benefit Industrial Position Sensors
  • Optimizing Energy Consumption in Manufacturing Plants: A Key Growth Driver for Smart Flow Sensors
  • Position Sensors in Machine Tools to Witness Growth
  • Opportunity Indicators
  • Smart Sensors Predict Machinery Malfunctions
  • Smart Sensors Ensure Reduced Industrial Emissions
  • Oil & Gas Industry Presents Strong Growth Opportunities for Smart Sensors
  • Oil & Gas - A Major Market for Smart Pressure Sensors
  • Booming Shale Gas Extraction - A Boon for Smart Temperature Sensors Market
  • Untapped Opportunities for Position Sensors in the Oil & Gas Industry
  • Rising Focus on Wind Energy to Benefit Position Sensors Used in Wind Turbines
  • Opportunity Indicator
  • Growing Proliferation of Consumer Electronic Devices to Drive Demand for Electronic Components
  • Inline Electronics Inspection with 3D Smart Sensors
  • Blue Laser for Cleaner Profiles
  • Sensor Firmware Customization
  • Gocator Emulator - A 'Virtual Sensor' Testing Environment
  • Increasing Demand for High-End Smartphones & Tablet PCs Boosts Demand for Multi-Functional Sensors
  • Increasing Usage in Defense, Academic and Aerospace Sectors
  • Medicine - Another High Growth Potential Market for Smart Sensors
  • Smart Packaging Sensors in Safeguarding Foods and Drugs
  • Future Applications
  • Novel Technologies Redefine Market Dynamics - A Look into Key Technology Developments over the Years
  • Sensors Become Smaller and Smarter
  • Nano-Sensor Technology Demonstrate Bright Future Prospects
  • Conventional Technologies Lose Share to Modern Technologies in Flow Sensors Market
  • Technology Developments in Pressure Sensors Market Over the Years
  • Micromachined Solutions Overshadows Mechanical Sensors Market
  • Micromachined Solutions Overshadows Mechanical Sensors Market
  • Smart Dust Technology Opens up New Avenues for Smart Sensors
  • Wireless and ImplanTable Sensors - A Breakthrough in Medicine
  • Smart Sensors & Their Use in 'Thought Controlled Computing' Applications - A Reality or Myth
  • Integrated RFID Sensors - A Promising Market
  • Multi-Functional Spintronic Smart Sensors - A Glimpse of the Future
  • Plug and Play Smart TEDS Sensors - An Overview
  • Bluetooth Technology Spurs Growth in Smart Sensors Market
  • Intelligent Products - Ongoing Trend in Process Pressure Transmitter Industry
  • Smart AdapTable Interfaces Offer Cost Effective Alternative
  • BiSS - A Low Cost Interface
  • Manufacturers Seek Cost-Focused Approach
  • Growing Applications & Technology Advancements Attract New Players
  • Customer Service and Specialization: An Emerging Strategy
  • Smart Sensors - Corporate Security and Counter-Terrorism
  • Interface Standards - No Longer a Contentious Issue?
  • Sensors Market - Competitive Scenario
  • Companies in Expansion Mode through M&A Activities
  • Smart Sensors Drive Manufacturers towards Smart Strategies
  • Identifying the Appropriate Strategic Move

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/25gjhf

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