Key Players in the Asia-Pacific Smart Sensor Market are Freescale Semiconductor Inc. (U.S.), Infineon technologies AG (Germany), ABB Ltd. (Switzerland), BeanAir (France), Siemens AG (Germany), Honeywell International Inc. (U.S.)
(PRWEB) November 01, 2014
The Asia-Pacific Smart Sensor Market report defines and segments the Smart sensor market in Asia-Pacific with analysis and forecast of revenue. This market was valued at $392.8 million in 2013, and is expected to reach $3,065.5 million by 2018, at a CAGR of 50.8% from 2013 to 2018.
Browse through the TOC of the Asia-Pacific Smart Sensor Market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation of the market, and is supported by various tables and figures.
Smart sensors are among those sensors which come with smart concept. It enables the sensor to stand alone with the processing power normally associated with much larger data acquisition systems. It allows measurement, storage and processing of raw data on multiple channels within a compact, rugged and technically advanced recording unit. Smart sensors also have the ability to withstand harsh environmental conditions. A Smart sensor utilizes multiple sensing technologies and processing techniques together in a package which is tailored for various environments. It can transmit more information to the users than the simple and traditional sensors.
The Asia-Pacific is the fastest growing region among all other regions as it is one of the main centers for petrochemical processing plants, refineries, metals and mining, and manufacturing plants, which is experiencing an increase in requirement of intelligent sensors.
Asia-Pacific is expected to witness a high growth in the smart sensor market because the consumer electronics embedded with smart sensors will penetrate into the market in the coming years, which will lead to huge demand for smart sensor integrated products as it is considered a hub for supplying consumer electronics products. All the major companies from various sectors like automotive, industrial, medical are investing in various projects in the countries of the Asia-Pacific region, because of cheap labor and easy availability of the raw materials.
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This market is segmented and forecast based on technologies, components, types, and application. The technology segment of this market comprises Complementary Metal–Oxide–Semiconductor (CMOS) Image Sensor, Micro-Electro-Mechanical Systems (MEMS), and Spectroscopy. On the basis of components, market is segmented into Amplifier, Analog-to-Digital Converter (ADC), Digital-to-Analog Converter (DAC), Micro controller, Transceivers, and other Components. On the basis of types, market is segmented into Dissolved Oxygen Sensor, Flow Sensor, Oxidation-Reduction Potential (ORP) Sensor, PH Sensor, Pressure Sensor, Temperature Sensor, Touch sensor, Turbidity Sensor, and other Types. In addition, the market is further segmented and forecast based on applications, namely Aerospace, Automotive, Bio medical, Building Automation, Consumer Electronics, Industrial Automation applications, and other Applications.
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This report includes market share and value chain analyses, along with market metrics such as drivers & restraints. In addition, it presents a competitive landscape and company profiles of the key players in this market.
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A sensor with an interfacing circuit forms a smart sensor which is capable of making decision, logic function, two way communications and so on. The major benefits offered by a smart sensor are high reliability, minimal cost, high performance, and scalability. The major challenge associated with the smart sensor is the pre-defined embedded functions have to be provided during designing of smart sensors. These are used in various applications like aerospace & defense, automotive, bio medical, industrial automation, building automation, consumer electronics and so on. It measure brightness, acceleration, temperature, humidity, material property and so on. Due to the flexibility and miniaturization, smart sensors are now integrating in almost all such as automotive products, consumer electronics products, wearable devices and so on.
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