13 Jan 2015

Global Smart/Intelligent Sensors Market to be Worth US$21.60 Billion by 2019



In its latest report, Transparency Market Research states that the global smart/intelligent sensors market was worth US$9.0 billion in 2012 and is anticipated to grow to be worth US$21.60 billion by the end of 2019. The report Smart/Intelligent Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013-2019 also projects that the smart/intelligent sensors market will expand at a compound annual growth rate of 12.2% over the forecast period of 2013 to 2019.

Browse the full "Global Smart/Intelligent Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" report at http://www.transparencymarketresearch.com/smart-intelligent-sensor-market.html

The global smart/intelligent sensors market covers four key regions: North America, Europe, Asia-Pacific, and Rest of the World. Among the major regional segments, Europe emerged as the leader of the global smart/intelligent sensors market in 2012, accounting for 34% of the overall market share in that year. While the primary reason for the growth in this regional smart/intelligent sensors market is attributed to the flourishing medical industry, the fact that many leading automobile manufacturers have their base in Europe is a significant aspect to be taken into consideration. Iconic names in the automobile industry such as Toyota, Volkswagen, Ford, BMW, and Renault have largely contributed to the development of the smart/intelligent sensors market in Europe.

In terms of global share, the North American market for smart/intelligent sensors ranked second and this growth is once again credited to the escalating demand for automobiles. Moreover, there has been a surge in demand for medically advanced equipment and consumer electronics, which drives the need for smart/intelligent sensors. The use of smart/intelligent sensors in industrial, infrastructural, and avionic applications has also fueled the smart/intelligent sensors market in North America.


The key end users of smart/intelligent sensors include consumer electronics, industrial, automotive, medical, infrastructure, and others such as food and beverages and avionics. Among these, the automobile sector was the largest consumer of smart/intelligent sensors in 2012, followed by the industrial sector. Both these end users are projected to maintain their leading position during the forecast period. The automobile industry has been thriving in regions such as Asia-Pacific and Rest of the World, thereby driving the demand for smart/intelligent sensors. With the increasing penetration of smartphones and tablets, the use of smart/intelligent sensors in consumer electronics has also gone up in recent years.

By product type, the smart/intelligent sensors market can be segmented into touch sensors, smart position sensors, image sensors, touch sensors, smart pressure sensors, and smart temperature sensors. Image sensors held the leading position in terms of market share in 2012 thanks to the mounting demand for smartphones, PCs, and tablets.


The research report analyzes the competitive landscape of the global smart/intelligent sensors market, highlighting the notable participants operating on a domestic and global scale. The companies mentioned in the smart/intelligent sensors market report are Wilcoxon Research, Inc., Delphi Automotive PLC, Vishay Intertechnology, Inc., Infineon Technologies AG, Emerson Process Management LLLP, Analog Devices, Inc., Yokogawa Electric Corp, Omron Corp, Custom Sensors & Technologies, Inc., and Eaton Corporation plc. The report studies individual players and evaluates them on various aspects: company overview, financial standing, business strategies, SWOT analysis, recent developments, and product portfolio. 

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. 

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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I am Elena Saltzman. I am a law graduate and have a Masters in Business Administration in finance. My work profile includes conducting market research and consultation for different verticals across diffrent research industry.

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