DUBLIN--(BUSINESS WIRE)--The "Global Smart Sensors Market Research Report Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023" report has been added to Research and Markets' offering.
The global smart sensor market is expected to rise at a CAGR of 18% during the forecast period 2016-2023.
Rising penetration of smart phones contributes majorly to the growth of the global smart sensors market. Rising demand of smart sensors for consumer electronics also fuels growth in the global smart sensor market during the forecast period. However, high cost of development and complex structure of smart sensors than traditional sensors are the factors restraining the growth of global smart sensors market during the forecast period.
Geographically, North America accounted for the largest market share in terms of revenue for the smart sensors market in 2016 followed by Europe. North America is expected to dominate the smart sensors market during the forecast period due to rising demand for smart homes and Internet of Things in United States. Asia Pacific is expected to be the fastest growing region during the forecast period due to increasing demand for smart sensors from end user industries.
Companies Mentioned
- ABB Ltd. (Switzerland)
- Analog Devices, Inc. (U.S.)
- Atmel Corporation (U.S.)
- Infineon Technologies (U.S.)
- Invensense, Inc. (U.S.)
- Micron Technology, Inc. (U.S.)
- NXP Semiconductors N.V. (Netherlands)
- Qualcomm Inc. (U.S.)
- Robert Bosch Gmbh (Germany)
- Samsung C&T Corporation (South Korea)
- Siemens Ag (Germany)
- Sony Corporation (Japan)
- St Microelectronics N.V. (Switzerland)
- Texas Instruments Inc. (U.S.)
- Yokogawa Electric Corp. (Japan)
Key Topics Covered:
1. Introduction
2. Market Overview
3. Market Determinants
4. Market Segmentation
5. Competitive Landscape
6. Geographical Analysis
7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/pgpkms/global_smart
