TechNavio today launched its report Global Smart Sensor Market 2012-2016 based on an in-depth analysis covering the Americas, the EMEA region, and the APAC region. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Hardware team said: ”Technological advancements in the market have led to an increase in the number of smart sensor applications in various Sectors. Furthermore, smart sensor vendors are capable of delivering high-quality products for customers. The rapid rate of change and technological advancements in the Global Smart Sensor market has resulted in the development of advanced and highly accurate smart sensors. Thus, end-users can completely rely on smart sensors for various applications.”
According to the report, in automobiles, specifically passenger cars, smart sensors are used in air bag safety systems. Conventional air bags were not so effective in sensing accidents, whereas, smart sensors can quickly sense an impending crash, its nature, the vehicle position, and also determine the type of airbag to be used and the speed of its deployment. This helps in minimizing the injuries sustained by the passengers. Therefore, in many cars, conventional sensors are being replaced by smart sensors. Hence the demand for smart sensors in the Automotive sector posted a significant increase.
Further, the report states that one of the major challenges in the market is the high cost of deployment of smart sensors. The design structure of smart sensors includes both actuators and sensors and hence, it requires high cost for deployment.
The report also includes a discussion of the key vendors operating in this market. The key vendors dominating this market space are Robert Bosch GmbH, OMRON Corp., Infineon Technologies AG, Honeywell International Inc., and Analog Devices Inc.
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 and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-smart-sensor-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Hardware market research, please visit https://www.technavio.com/hardware
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TechNavio Announces the Publication of its Research Report – Global Smart Sensor Market 2012-2016
