Report updated on 11th September, 2021: Global Smart Sensor Market 2021 (Includes Business Impact of COVID-19)
Global Smart Sensor Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global smart sensor market report has been segmented on the basis of sensor type, technology, end user, and region.
Request Covid - 19 Impact
The global Smart Sensor market size was valued at USD$39.27 billion in 2020 and is projected to reach $193.94 billion by 2030, and is anticipated to expand at a CAGR of 17.04% over the forecast period from 2020 to 2030.
Global Smart Sensor Market: Overview
Smart sensor is a combination of interfacing circuit and sensor. It analyzes and processes the data, and perform determined functions and operations. Smart sensor collects the data from surrounding physical environment. It is used for monitoring and controlling various factors, and provides accurate data to the end user. Smart sensor contains various components such as microcontroller, analog to digital converter, digital to analog converter, amplifier, transducers, transistors, transceivers, etc. It also has unique functionality that provides wired and wireless communication. Availability of various types of smart sensor and its advantages over conventional sensors is making consumers more incline towards its usage.
Global Smart Sensor Market: Dynamics
Growing adoption of smart sensors in the various end use industries such as automotive, automation, defence, etc. is a major factor driving growth of the global smart sensor market. In addition, increasing usage of electric vehicles and hybrid vehicles is another factor expected to propel demand for smart sensors and fuels growth of the global market. Growing consumer electronics sector coupled with increasing demand for smartphones, tablets, laptops, warbles is also anticipated to bolster growth of the target market. Furthermore, rising concern about data security and increasing IoT applications and its integration are factor expected to support growth of the global smart sensor market in the near future.
However, smart sensors have more complex structure that conventional sensor is a factor that could affect growth of the global smart sensor market. in addition, physical limitation regarding integration of smart sensors in various smart devices is another factor that may hamper growth of the global market. Nevertheless, growing use of smart sensors in medical instrumentation in healthcare sector can create lucrative opportunities for growth of the target market over the forecast period.
Global Smart Sensor Market: Segment Analysis
On the basis of sensor type, the pressure sensors segment is expected to account for significant share in terms of revenue in the near future owing to increasing use of smart pressure sensors for environmental monitoring, medical instrumentation, and consumer electronics.
On the basis of end user, the consumer electronics segment is dominating the global market in terms of revenue and expected to account for high growth over the forecast period. High adoption of technologically advanced devices such as tablets, smartphones, and gaming devices, etc. among individuals is supporting growth of consumer electronics segment in the global market.
Global Smart Sensor Market: Regional Analysis
Currently, market in North America contributes major share in terms of revenue in the global market. High adoption of advanced technology among consumers and smart homes is a factor driving growth of the target market in countries in the region. Market in the Asia Pacific is anticipated to witness lucrative growth in terms of revenue in the near future, owing to increasing consumer electronics and automotive manufacturing industry.
Below are the active patents related to Smart Sensor Market.
Patent Number: US9070286B2
Traffic-monitoring smart tape
Abstract
The present invention generally relates to techniques for traffic monitoring. The techniques utilize a relatively low cost sensing system, referred to here as “smart tape.” Smart tape is adhered directly to the roadway and provides the ability to temporarily monitor traffic. It can be applied in an appropriate length for the roadway condition. Smart tape is responsive to the pressure of a vehicles tires passing over it. Furthermore, smart tape does not require an attached monitoring device, unlike certain known traffic monitoring techniques.
Application File Date: 2013-11-06
Application Granted Date: 2015-06-30
Current Assignee: Xerox Corp
Patent Number: US8957776B2
Methods and arrangements for smart sensors
Abstract
Generally, smart sensors, logic to process messages from smart sensors, and smart sensor systems are described herein. Embodiments may comprise logic such as hardware and/or code to communicate events as messages via a messaging system to post the messages to a messaging account. The messaging system may be a texting service like Twitter™ that captures the messages and then re-broadcasts the messages, e.g., immediately as a tweet or a cellular text message. In some embodiments, the smart sensor comprises a communications module with a Twitter™ application program interface (API) on a communications platform with a software/hardware framework to interconnect with one or more pluggable monitors with sensors. In other embodiments, the communications module may be integrated with one or more monitors. Further embodiments comprise a smart-device, which can provide status updates and event notifications to a user.
Application File Date: 2013-06-24
Application Granted Date: 2015-02-17
Current Assignee: Intel Corp
Patent Number: US7728316B2
Integrated proximity sensor and light sensor
Abstract
Apparatuses and methods to sense proximity and to detect light. In one embodiment, an apparatus includes an emitter of electromagnetic radiation and a detector of electromagnetic radiation; the detector is configured to detect electromagnetic radiation from the emitter when the apparatus is configured to sense proximity, and the emitter is disabled at least temporarily to allow the detector to detect electromagnetic radiation from a source other than the emitter, such as ambient light. In one implementation of this embodiment, the ambient light is measured by measuring infrared wavelengths. Other apparatuses and methods and data processing systems and machine readable media are also described.
Application File Date: 2006-11-15
Application Granted Date: 2010-06-01
Current Assignee: Apple Inc
Global Smart Sensor Market Segmentation:
Segmentation by Sensor Type:
- Light Sensors
- Flow Sensors
- Ultrasonic Sensors
- Pressure Sensors
- Touch Sensors
- Position Sensors
- Temperature & Humidity Sensors
- Motion & Occupancy Sensors
- Image Sensors
- Water Sensors (Level Sensors, pH sensors, Soil Moisture Sensors)
- Others (Radar Sensors, Chemical Sensors, etc.)
Segmentation by Technology:
- CMOS-based Smart Sensors
- MEMS-based Smart Sensors
- Others (Integrated Smart Sensors, ASIC, Optical Spectroscopy, Microsystem Technology, and IC-Compatible 3D Micro-Structuring)
Segmentation by End User:
- Aerospace & Defense
- Building Automation
- Industrial Automation
- Automotive
- Biomedical & Healthcare
- Consumer Electronics
- Others (Robotics, Education, Agriculture, etc.)
Key Market Players included in the report:
- ABB (Switzerland)
- Airmar Technology Corporation (US)
- Analog Devices (US)
- Balluff (Switzerland)
- Eaton Corporation (Ireland)
- Emerson Electric (US)
- General Electric (US)
- Honeywell (US)
- Infineon Technologies (Germany)
- Legrand (France)
- Memsic (US)
- Microchip Technology (US)
- NXP Semiconductors (Netherlands)
- Renesas Electronics
- Robert Bosch (Germany)
- Sensirion (Switzerland)
- Siemens (Germany)
- STMicroelectronics (Switzerland)
- TDK Corporation (Japan)
- TE Connectivity (Switzerland)
- Texas Instruments
- Vishay Precision Group (US)
Below are the key development related to Smart Sensor Market in 2020 and 2021.
May 2021: CEVA to Acquire Intrinsix Corp, Expanding its Offering to Include Full Turnkey IP Platforms. CEVA, Inc. (NASDAQ: CEVA), the leading licensor of wireless connectivity and smart sensing technologies, announced that it agreed to acquire Massachusetts-based Intrinsix Corp., a leading chip design specialist, for approximately $33 million in cash, subject to working capital and other customary purchase price adjustments. The closing of the acquisition is anticipated to take place during the second quarter of 2021. The combination of Intrinsix’s broad chip design capabilities and IP together with CEVA’s leading-edge wireless connectivity and smart sensing IP enables a unique proposition of a full turnkey IP platform that lowers entry barriers for OEMs, IT companies and Tier 1s considering the development of their own advanced chips in market verticals such as 5G infrastructure, automotive, aerospace & defense, medical, robotics and Industrial IoT (IIOT).
Source
April 2021: Scientific Industries Announces Acquisition of aquila biolabs to Advance Platform for Digitally Simplified Bioprocessing. Combined companies have a target market of approximately $1.2 billion annually. Transforms any bench- or production-scale culture vessel into an intelligent device via online and real-time monitoring of process parameters to improve time-to-market. Digital technology enables bioprocessing productivity gains. Scientific Industries, Inc. (OTCQB: SCND), a life sciences tool provider, and a developer of optical sensors for non-invasive, real-time monitoring of cell culture systems through its subsidiary Scientific Bioprocessing, Inc. ("SBI"), announced its acquisition of aquila biolabs GmbH, a privately held German technology developer of smart sensors and state-of-the-art data analytics software for bioprocessing applications under agreed upon terms. The Company believes the acquisition positions the Company to become a leading player in the bioprocessing industry.
Source
February 2021: Sensata Technologies Signs Definitive Agreement to Acquire Xirgo Technologies. ensata Technologies (NYSE: ST), a leading industrial technology company and provider of sensor-rich solutions that create insight for customers, announced the acquisition of leading telematics and data insight provider, Xirgo® Technologies Intermediate Holdings. Through its Smart & Connected initiative Sensata has developed modular solutions that collect data from wireless sensors or related vehicle systems information using a connected vehicle area network. This enables Sensata to deliver actionable insight to drivers, maintenance workers and back-office personnel through mobile applications, web portals and via cloud APIs for integration into other enterprise systems. Sensata further leverages its leadership position in a diverse mix of sensors, including tire pressure monitoring systems, and know-how of vehicles and use cases within fleet operations to deliver these scalable offerings. The acquisition of Xirgo meaningfully advances Sensata’s Smart & Connected megatrend-focused growth initiative for transportation and logistics end-markets.
Source
January 2021: Stryker announces the acquisition of OrthoSensor. Stryker announced it has acquired OrthoSensor Inc., a company focused on the digital evolution of musculoskeletal care and sensor technology for total joint replacement. The acquisition of OrthoSensor Inc. allows Stryker to provide surgeons with comprehensive data-driven solutions through technologies that span the continuum of care, according to a company press release. The release noted OrthoSensor Inc. will strengthen Stryker’s digital ecosystem with advancements in sensor technology, expanded data analytics and increased computational power.
Source
