Smart Sensors in Europe
Summary
Smart Sensors in Europe industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). 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 sensors market recorded revenues of $9,358.0 million in 2024, representing a compound annual growth rate (CAGR) of 0.7% between 2019 and 2024.
- The automotive segment accounted for the market's largest proportion in 2024, with total revenues of $2,977.3 million, equivalent to 31.8% of the market's overall value.
- In 2024, Europe accounted for 19.9% of the global smart sensors market.
- Save time carrying out entry-level research by identifying the size, growth, 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 2024?
- What will be the size of the Europe smart sensors market in 2029?
- What factors are affecting the strength of competition in the Europe smart sensors market?
- How has the market performed over the last five years?
- How large is Europe’s smart sensors market in relation to its regional counterparts?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 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 Company Profiles
- 7.1. STMicroelectronics NV
- 7.2. NXP Semiconductors NV
- 7.3. ABB Ltd
- 7.4. Infineon Technologies AG
- 8 Macroeconomic Indicators
- 8.1. Country data
- 9 Appendix
- 9.1. Methodology
- 9.2. Industry associations
- 9.3. Related GlobalData research
- 9.4. About GlobalData
- List of Tables
- Table 1: Europe smart sensors market value: $ million, 2019–24
- Table 2: Europe smart sensors market category segmentation: % share, by value, 2019–24
- Table 3: Europe smart sensors market category segmentation: $ million, 2019-24
- Table 4: Europe smart sensors market geography segmentation: $ million, 2024
- Table 5: Europe smart sensors market value forecast: $ million, 2024–29
- Table 6: STMicroelectronics NV: Key Facts
- Table 7: STMicroelectronics NV: annual financial ratios
- Table 8: STMicroelectronics NV: key employees
- Table 9: STMicroelectronics NV: key employees Continued
- Table 10: NXP Semiconductors NV: Key Facts
- Table 11: NXP Semiconductors NV: annual financial ratios
- Table 12: NXP Semiconductors NV: key employees
- Table 13: ABB Ltd: Key Facts
- Table 14: ABB Ltd: annual financial ratios
- Table 15: ABB Ltd: key employees
- Table 16: Infineon Technologies AG: Key Facts
- Table 17: Infineon Technologies AG: annual financial ratios
- Table 18: Infineon Technologies AG: key employees
- Table 19: Europe Size of Population (Million), 2020–24
- Table 20: Europe Real GDP (Constant 2010 Prices, $ Billion), 2020–24
- Table 21: Europe GDP (Current Prices, $ Billion), 2020–24
- Table 22: Europe Inflation, 2020–24
- Table 23: Europe Consumer Price Index (Absolute), 2020–24
- Table 24: Europe Exchange Rate, 2019–24
- List of Figures
- Figure 1: Europe smart sensors market value: $ million, 2019–24
- Figure 2: Europe smart sensors market category segmentation: $ million, 2019-24
- Figure 3: Europe smart sensors market geography segmentation: % share, by value, 2024
- Figure 4: Europe smart sensors market value forecast: $ million, 2024–29
- Figure 5: Forces driving competition in the smart sensors market in Europe, 2024
- Figure 6: Drivers of buyer power in the smart sensors market in Europe, 2024
- Figure 7: Drivers of supplier power in the smart sensors market in Europe, 2024
- Figure 8: Factors influencing the likelihood of new entrants in the smart sensors market in Europe, 2024
- Figure 9: Factors influencing the threat of substitutes in the smart sensors market in Europe, 2024
- Figure 10: Drivers of degree of rivalry in the smart sensors market in Europe, 2024
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