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

Research and Markets
·7-min read
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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 Attribute

Details

No. of Pages

359

Forecast Period

2022 - 2030

Estimated Market Value (USD) in 2022

$42.4 Billion

Forecasted Market Value (USD) by 2030

$171.1 Billion

Compound Annual Growth Rate

19.1%

Regions Covered

Global

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

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900


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