Global Smart Sensors industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
A smart sensor is a type of sensor technology that uses artificial intelligence to collect, analyze, and interpret data from its surroundings. Smart Sensors can detect environmental changes such as temperature, pressure, and movement and react without manual intervention. They can also be used to monitor machine performance and detect anomalies that can indicate potential problems.
The global smart sensor market had a total of $57,083.2 million in 2023, representing a compound annual growth rate (CAGR) of 7.2% between 2018 and 2023.
The automotive segment accounted for the market's largest proportion in 2023, with a total of $18,426.4 million, equivalent to 32.3% of the market's overall value.
Asia-Pacific was the largest regional market globally, with a share of 37.7% of the global value in 2023. This was followed by North America and Europe with a share of 33.2% and 20.1% respectively.
Scope
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Leading company profiles reveal details of key smart sensors market players’ global operations and financial performance
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Reasons to Buy
What was the size of the Global smart sensors market by value in 2023?
What will be the size of the Global smart sensors market in 2028?
What factors are affecting the strength of competition in the Global smart sensors market?
How has the market performed over the last five years?
Who are the top competitors in the global's smart sensors market?
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What are the strengths of the leading players?
7.3. What are the challenges in the market??
7.4. What are the recent developments of the players in the market?
8 Company Profiles
8.1. Iteris Inc
8.2. Shenzhen Yitoa Intelligent Control Co Ltd
8.3. Accel Solutions Group Ltd
8.4. Hewlett Packard Enterprise Company
8.5. Honeywell International Inc.
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related GlobalData research
10.4. About GlobalData
List of Tables
Table 1: Global smart sensors market value: $ million, 2018-23
Table 2: Global smart sensors market category segmentation: % share, by value, 2018-2023