The North American Smart Sensor Market is expected to reach $1,332.0 million by 2018 - New Report by MicroMarket Monitor

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Presence of prominent system suppliers, large semiconductor companies, and sensor manufacturers drives the North American Smart Sensor market:

MicroMarket Monitor

MicroMarket Monitor

Key Players in the North American Smart Sensor Market are reescale Semiconductor Inc. (U.S.), Infineon technologies AG (Germany), ABB Ltd. (Switzerland), BeanAir (France), Siemens AG (Germany), Honeywell International Inc. (U.S.)

The North American Smart Sensor Market report defines and segments the Smart sensor market in with analysis and forecast of revenue. This market was valued at $231.8 million in 2013, and is expected to reach $1,332.0 million by 2018, at a CAGR of 41.9% from 2013 to 2018.

Browse through the TOC of the North American 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.

North America is one of the most technologically advanced application markets due to the presence of prominent system suppliers, large semiconductor companies, and sensor manufacturers in the region. The size of the region, the affluence of its consumers, and the competitiveness of the automotive Original Equipment Manufacturers (OEMs), as well as medical OEMs, make it a good market for level sensor manufacturers. The major countries contributing to the level sensor market in North America include the U.S., Canada, and Mexico. The U.S. dominates the market due to the presence of top market leaders such as Emerson Electric Co. (U.S.), and Honeywell Sensing & Control (U.S.), among others.

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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, biomedical, 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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