The Latin American Smart Sensor Market is expected to grow upto $1125.15 million till 2018 - New Report by MicroMarket Monitor

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Latin American Smart Sensor Market driven by demand from petrochemical and semiconductor industries

MicroMarket Monitor

MicroMarket Monitor

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

The Latin American Smart Sensor Market report defines and segments the smart sensor market in Latin America with analysis and forecast of revenue. This market was valued at $93.7 million in 2012 and is expected grow at a CAGR of 45.8% from 2013 to 2018.

Browse through the TOC of the Latin American 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.

A smart sensor utilizes multiple sensing technologies and processing techniques together in a package tailored for various environments. It can transmit more information to users than simple and traditional sensors. Smart sensors possess the processing power normally associated with much larger data acquisition systems. They allow measurement, storage, and processing of raw data from multiple channels within a compact, rugged, and technically advanced recording unit. Smart sensors also have the ability to withstand harsh environmental conditions.

The demand for smart sensors is rapidly increasing due to their use in various applications. Smart sensors have the capability of collecting, transmitting, and processing information. They can detect critical equipment failure and this helps in significant cost saving for the manufacturing industry. Smart sensors monitor and process vibration and noise signals; therefore, they are suitable for various industries such as petrochemical, semiconductor, food processing, and transportation. Countries contributing towards the Latin American smart sensor market are Brazil and Argentina. Winters Instruments S.A. (Argentina) and ESCO (Argentina), Sensor Technology (Brazil), and Sensor box (Brazil) are the major companies offering smart sensors in Latin America.

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The Latin American 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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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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