Smart Sensor Market is expected to reach $41.5 Billion by 2028- An exclusive market research report by Lucintel

iCrowd Newswire
24 May 2023, 10:02 GMT+10

Lucintel's latest market report analyzed that smart sensor provides attractive opportunities in the automotive, consumer electronics, infrastructure, and medical equipment sectors. The smart sensor market is expected to reach $41.5 billion by 2028 with a CAGR of 12.5%. In this market, smart pressure sensor is the largest segment by sensor type, whereas consumer electronics is largest by end use industry.

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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. The smart pressure sensors segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to growing concern for the comfort and safety level of drivers and passengers of vehicles and significantly growing consumer electronics industry.

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The Smart Sensor Market is marked by the presence of several big and small players. Some of the prominent players offering smart sensor include ABB, Analog Devices, Eaton Corp, Emerson Process Management, Infineon Technologies, NXP Semiconductors, Renesas Electronics, Siemens, STMicroelectronics, and Yokogawa Electric Corp.

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https://www.lucintel.com/smart-sensor-market.aspx

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 helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Roy Almaguer Lucintel Dallas, Texas, USA Email: roy.almaguer@lucintel.com Tel. 972.636.5056

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