Research and Markets (http://www.researchandmarkets.com/research/6lx2qf/smartintelligent)
has announced the addition of the "Global
Smart/Intelligent Sensor Market Report 2014: Forecasts & Opportunities
for the $10 Billion Industry" report to their offering.
The global smart sensor market is expected to reach $10 billion by the
end of 2020 at a CAGR of 36%.
Applications of smart sensors include industrial automation, aerospace
and defense, building automation, biomedical, automotive, and consumer
electronics. Some of the advantages of smart sensors are lower cost,
self indication, auto correction, auto display, ease of use, high
reliability, compactness, and so on.
Currently, the U.S., U.K., South Korea and China are the major countries
who have captured the smart sensor market and according to the forecast,
the next growing countries which will move their position upwards up to
2020 will be Canada and Germany. The China and Brazil will also show
upward growth and boosting their profits. The technologies which are
incorporated in smart sensors are Micro-Electro-Mechanical Systems
(MEMS), Complementary Metal Oxide semiconductor (CMOS) technology, and
Optical spectroscopy. Currently, pressure sensors are being employed in
smart phones and computer devices havingtouch screen displays. So, it
is expected that it will bring a widely used platform for smart sensors.
The various types of smart sensors which are widely used in various
applications are flow sensors, temperature sensors, pressure sensors,
touch sensors, dissolved oxygen sensors, turbidity sensors, oxidation
reduction potential (ORP) sensors, and PH sensors. Flow sensor is a
device for sensing the rate of fluid flow and is mainly used for
industrial automation applications.
Key Take Aways:
The major companies in smart sensor market are:
For more information visit http://www.researchandmarkets.com/research/6lx2qf/smartintelligent
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