Sensor can be described as a chip or a device that smoothens the process of measuring the fluctuation regarding temperature, pressure, acceleration or others that are critical to enhance the process, optimizes cost and saves energy. Sensor with Integrated Circuits forms smart sensors that gathers analyses and gives the instruction as per the built-in logic. Some of the benefits associated with these sensors are scalability, reliability and cost effectiveness. These are widely used in industries like aerospace & defense, automotive, consumer electronics and among others. China, being a manufacturing hub has tremendous opportunity for sensor market. The market for Smart sensors in China is expected to gain traction during the forecast period. Advancement in technology has led to the emergence of small size sensors with optimal performance and reliability. Further, the market growth has been fueled by the presence of several drivers such as Technological advancements, increasing Demand for Low-cost, High Performance and Reliable Sensors and growing demand for enhanced life.
The market for Smart Sensor in China is expected to reach at US$0.69 million in 2022, growing at a CAGR of 13.33% from the period 2014-2020. The growth of the market is fueled by increasing adoption in automobile sector. It has been emerged as one of the top contributor in the overall market size due to increase in the number of vehicles. In addition to that, consumer electronics segment also contributes a major share in the overall market.
Moreover, the domestic level production is not up to the mark with players mostly operating in smaal and medium level sensors. For advanced level sensors, the county still relies on foreign players.
The increasing market demand for smart sensors is being driven by growing need for energy saving devices. The changing scenario demands energy efficient equipments and products considering the fact that the businesses are on energy saving mode.
Also, the demand for sensors across various industries has also increased leading to increase in traction in the overall market with Automotive and Consumer Electronics sections topping the list.
In addition to that, the emergence of MEMS technology also fueling the growth for the overall sensor market in China.
Apart from several drivers, the market is being hindered by many challenges. One of the restraints that effect the growth of the market is miniaturization and lack of integration.
This report also describes a detailed study of the Porter's five forces analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of these players which includes the key growth strategies, geographical footprint, and competition analysis.
In addition to that, the Global Smart Sensors Market is segmented on the basis of Type (Flow Sensors, temperature sensors, Pressure Sensors, Touch Sensors, Position sensors and Others), Technology (MEMS, Optical spectroscopy, CMOS and others), Component (Analog to Digital, Digital to Analog and Others), and by Industry (Aerospace, Automotive, Biomedical, Industrial, Building Automation, Consumer Electronics and Others).
Major market players like Texas Instruments, ABB Ltd, Analog Devices, Beanair, Eaton Corporation, Delphi, Freescale Semiconductors, RJC Enterprises LLC, Infineon, Oceana Sensor Technologies, Sensirion AG, Siemens, Maquet, Emerson Process Management, Omron Corp, Yokogawa Electric Corp and among others are studied. Their current market strategies as well as their progress in the market are also analyzed.
WHAT THE REPORT OFFERS
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
1.1 Study Deliverables
1.2 Study Assumption
1.3 Market Definition
1.4 Key Findings
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Market Drivers
4.2.1 Evolution of wireless technologies
4.2.2 Growing applications in automotive and healthcare sectors
4.3 Market Restraints
4.3.1 Complex structure compared to that of traditional Sensors
4.3.2 High acquisition and deployment costs
4.4 Industry Value Chain Analysis
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Consumers
4.5.3 Threat From New Entrants
4.5.4 Threat From Substitute Products
4.5.5 Competitive Rivalry Within the Industry
5. Technology Snapshot
6. China Smart Sensors Market Segmentation
6.1 By Type
6.1.1 Flow Sensors
6.1.2 Image Sensors
6.1.3 Temperature and Humidity Sensors
220.127.116.11 IR sensors
18.104.22.168 Capacitive Humidity Sensors
22.214.171.124 Resistive Humidity Sensors
6.1.4 Pressure Sensors
126.96.36.199 Piezoresistive Pressure Sensors
188.8.131.52 Capacitive Pressure Sensors
184.108.40.206 Optical Pressure Sensors
220.127.116.11 Electromagnetic Pressure Sensors
18.104.22.168 Resonant Solid State Pressure Sensors
6.1.5 Touch Sensors
22.214.171.124 Resistive Sensors
126.96.36.199 Capacitive Sensors
6.1.6 Position Sensors
188.8.131.52 Linear Position Sensors
184.108.40.206 Rotary Position Sensors
220.127.116.11 Proximity Sensors
6.1.7 Motion and Occupancy Sensors
18.104.22.168 Smart Motion Sensors
22.214.171.124 Motion Embeded Sensors (Accelerometers, Gyroscopes, Magnetometers)
126.96.36.199 Intelligent Occupancy Sensors (IOSs)
188.8.131.52 Image Processing Occupancy Sensors (IPOSs)
6.1.8 Light Sensors
184.108.40.206 Analog Light Sensors
220.127.116.11 Digital Light Sensors
6.1.9 Water Sensors
18.104.22.168 Turbidity Sensors
22.214.171.124 Soil Moisture Sensors
126.96.36.199 Level Sensors
188.8.131.52 PH Sensors
184.108.40.206 Dissolved Oxygen Sensors
6.2 By Technology
6.2.2 Optical Spectroscopy
6.3 BY Component
6.3.1 Analog to Digital Coverter
6.3.2 Digital to Analog Coverter
6.4 By Application
6.4.1 Aerospace and Defense
6.4.2 Automotive and Transportation
6.4.4 Industrial Automation
6.4.5 Building Automation
220.127.116.11 Access Control
6.4.6 Key Vendor Profiles
6.4.7 Investment Outlook
7. Future of Smart Sensors Market