Global Smart Sensor Market 2025-2029

Smart Sensor Market 2025-2029

The smart sensor market is forecasted to grow by USD 62173.9 mn during 2024-2029, accelerating at a CAGR of 13.5% during the forecast period. The report on the smart sensor market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for smart temperature sensor, increasing implementation of smart sensors in various manufacturing industries, and rise in demand for smart sensors in development of smart cities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's smart sensor market is segmented as below:

By Type

• Pressure sensor
• Temperature and humidity sensor
• Flow sensor
• Touch sensor
• Others

By Application

• Automotive
• Industrial automation
• Consumer electronics
• Others

By Component

• Microcontrollers
• Transceivers
• Amplifiers

By Geographical Landscape

• APAC
• Europe
• North America
• South America
• Middle East and Africa

This study identifies the increase in partnership and mergers and acquisitions by companies in market as one of the prime reasons driving the smart sensor market growth during the next few years. Also, rising demand for smart sensors by automobile manufacturers and increase in demand for micro-electro-mechanical systems (MEMS) technology in smart sensors will lead to sizable demand in the market.

The report on the smart sensor market covers the following areas:

• Smart Sensor Market sizing
• Smart Sensor Market forecast
• Smart Sensor Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart sensor market vendors that include ABB Ltd., Airmar Technology Corp., Analog Devices Inc., Balluff GmbH, Eaton Corp. plc, Emerson Electric Co., Honeywell International Inc., Infineon Technologies AG, Legrand SA, Microchip Technology Inc., Robert Bosch GmbH, Sensirion AG, Siemens AG, STMicroelectronics NV, TDK Corp., TE Connectivity Ltd., and Vishay Intertechnology Inc.. Also, the smart sensor market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth. Show more