Smart Sensors in Europe
Summary
Smart Sensors in Europe industry profile provides top-line qualitative and quantitative summary information including: 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 European smart sensor market had a total of $11,459.3 million in 2023, representing a compound annual growth rate (CAGR) of 7.1% between 2018 and 2023.
- The automotive segment accounted for the market's largest proportion in 2023, with a total of $3,488.3 million, equivalent to 30.4% of the market's overall value.
- The growth of the European sensor market is attributed to developments in areas like as healthcare, automotive, defense and aerospace, and consumer electronics.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the smart sensors market in Europe
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the smart sensors market in Europe
- Leading company profiles reveal details of key smart sensors market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Europe smart sensors market with five year forecasts
- What was the size of the Europe smart sensors market by value in 2023?
- What will be the size of the Europe smart sensors market in 2028?
- What factors are affecting the strength of competition in the Europe smart sensors market?
- How has the market performed over the last five years?
- What are the main segments that make up Europe'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. STMicroelectronics N.V.
- 8.2. NXP Semiconductors N.V.
- 8.3. Infineon Technologies AG
- 8.4. ABB, Ltd.
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related GlobalData research
- About GlobalData
- List of Tables
- Table 1: Europe smart sensors market value: $ million, 2018-23
- Table 2: Europe smart sensors market category segmentation: % share, by value, 2018-2023
- Table 3: Europe smart sensors market category segmentation: $ million, 2018-2023
- Table 4: Europe smart sensors market geography segmentation: $ million, 2023
- Table 5: Europe smart sensors market value forecast: $ million, 2023-28
- Table 6: STMicroelectronics N.V.: key facts
- Table 7: STMicroelectronics N.V.: annual financial ratios
- Table 8: STMicroelectronics N.V.: key employees
- Table 9: STMicroelectronics N.V.: key employees Continued
- Table 10: NXP Semiconductors N.V.: key facts
- Table 11: NXP Semiconductors N.V.: annual financial ratios
- Table 12: NXP Semiconductors N.V.: key employees
- Table 13: NXP Semiconductors N.V.: key employees Continued
- Table 14: Infineon Technologies AG: key facts
- Table 15: Infineon Technologies AG: annual financial ratios
- Table 16: Infineon Technologies AG: key employees
- Table 17: ABB, Ltd.: key facts
- Table 18: ABB, Ltd.: annual financial ratios
- Table 19: ABB, Ltd.: key employees
- Table 20: Europe size of population (million), 2019-23
- Table 21: Europe gdp (constant 2005 prices, $ billion), 2019-23
- Table 22: Europe gdp (current prices, $ billion), 2019-23
- Table 23: Europe inflation, 2019-23
- Table 24: Europe consumer price index (absolute), 2019-23
- Table 25: Europe exchange rate, 2019-23
- List of Figures
- Figure 1: Europe smart sensors market value: $ million, 2018-23
- Figure 2: Europe smart sensors market category segmentation: $ million, 2018-2023
- Figure 3: Europe smart sensors market geography segmentation: % share, by value, 2023
- Figure 4: Europe smart sensors market value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the smart sensors market in Europe, 2023
- Figure 6: Drivers of buyer power in the smart sensors market in Europe, 2023
- Figure 7: Drivers of supplier power in the smart sensors market in Europe, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the smart sensors market in Europe, 2023
- Figure 9: Factors influencing the threat of substitutes in the smart sensors market in Europe, 2023
- Figure 10: Drivers of degree of rivalry in the smart sensors market in Europe, 2023
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