The Global Smart Sensor Market is expected to reach a value of $8,362.1 million by 2018 - New Report by MicroMarket Monitor

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Global Smart Sensor Market driven by use of smart sensors in counter-terrorism applications and to improve energy efficiency

MicroMarket Monitor

MicroMarket Monitor

Key Players in the Global Smart Sensor Market are Siemens AG, Asea Brown Boveri Ltd.(ABB), Infineon Technologies AG and Analog Device.

The Global Smart Sensor Market report defines and segments the smart sensor market globally with analysis and forecast of revenue. This market is expected to reach a value of $8,362.1 million by 2018 at a CAGR of 47% from 2013 to 2018.

Browse through the TOC of the Global Smart Sensor Market report to get an idea of the in-depth analysis provided. It also provides a glimpse of the segmentation of the market, which is supported by various tables and figures.

Energy efficiency is considered to be one of the most important drivers of the global smart sensor market. Smart sensors have the capability of collecting, transmitting, and processing information. They can detect critical equipment failure and this helps in significant cost and energy saving. With the installation of smart sensors in residential and commercial buildings, industries, and data centers, the demand for electricity reduces drastically. One of the ways in which energy efficiency is achieved is with the incorporation of HVAC (Heating, Ventilating, and Air Conditioning) systems in buildings, which are equipped with smart sensors. This is considered to be the best source of energy efficiency as well cost savings. The impact of this driver is expected to be much higher in upcoming years because energy requirements are constantly increasing.

Another major driver of the global smart sensor market is the use of smart sensors in counter-terrorism applications which includes cargo tracking and biometrics. Security monitoring has become a common requirement across all nations. Current automated systems are helpful to some extent to provide security. However, systems with smart sensors also identify and compare information such as human biological characteristics available in databases or identity cards so that proper security can be maintained and any terrorist activity can be avoided. The impact of this driver is high in present scenario and is expected to remain the same in the upcoming years due to the need for stringent safety measures.

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The global smart sensor market is segmented and forecast based on technologies, components, types, and applications. 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, the market is segmented into amplifiers, analog-to-digital converters (ADC), digital-to-analog converters (DAC), micro controllers, transceivers, and other components. On the basis of types, the 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.

Early buyers will receive 10% customization on this report.

This report includes market shares and value chain analyses, along with market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in this market.

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North America Level Sensor Market

Level sensors are used to detect the level of liquids, granular materials, powders and other substances that can flow. It can be either a continuous or point value. The level sensors are mainly classified as contact level sensors and non-contact level sensors. Contact level sensors are magnetostrictive level sensors, vibratory probe level sensors, hydrostatic level sensors, magnetic and mechanical float sensors, pneumatic level sensors, guided wave level sensors, rotating paddle level sensors, resistive chain level sensors, and weight and chain level sensors. Non-contact sensors are capacitance level sensors, conductivity level sensors, ultrasonic level sensors, microwave/radar level sensors, air bubbler level sensors, optical level sensors, laser level sensors, Micro-Electro-Mechanical-Systems (MEMS) level sensors, and other such as nuclear, load-cells and NEMS.

North America represents the largest share and is expected to reach $1,167.1 million by 2018, at an estimated CAGR of 5.3% from 2013 to 2018. The governments in this region play a significant role in the growth of level sensor market for the industrial and power sector. Due to global climate convention held at Copenhagen, Denmark in recent years, it has become mandatory to control carbon emissions by Governments of leading economies to support for conservation of the environment and eco-system on the whole.

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