According to the recent study the smart sensor market is projected to reach an estimated $41.5 billion by 2028 from $23.1 billion in 2023, at a CAGR of 12.5% from 2023 to 2028. Growth in this market is primarily driven by increasing use of these sensors in vehicles to deliver enhanced safety and comfort, rising demand for sensor based wearable devices, and growing government support for promoting construction of green buildings.

A more than 150 – page report is developed to understand trends, opportunities and forecast in 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, and other), network connectivity (wired and wireless), end use industry (automotive industry, consumer electronics, industrial, infrastructure, medical equipment, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Smart pressure sensors market is expected to remain the largest segment during the forecast period.”

Based on sensor type, the smart sensor market is segmented into image sensors, smart motion sensors, smart position sensors, smart pressure sensors, smart temperature sensors, and touch sensor. Lucintel forecasts that the smart pressure sensors market is expected to remain the largest segment due to growing concern for the comfort and safety level of drivers and passengers of vehicles and significantly growing consumer electronics industry.

“Within the smart sensor market, the consumer electronics segment is expected to remain the largest end use industry”

Based on end use industry the consumer electronics segment is 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.  

“Asia pacific will dominate the smart sensor market in near future”

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

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Major players of smart sensor market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. ABB, Analog Devices, Eaton Corp, Emerson Process Management, Infineon Technologies, NXP Semiconductors, Renesas Electronics, Siemens, STMicroelectronics, and Yokogawa Electric Corp are among the major smart sensor providers.

This unique 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 click on this link https://www.lucintel.com/smart-sensor-market.aspx  or helpdesk@lucintel.com