China Smart Sensor Market

A sensor with an interfacing circuit forms a smart sensor, which is capable of making decisions, logic function, and two-way communications. The major benefits offered by a smart sensor are high reliability, minimal cost, high performance, and scalability. Smart sensors are used in various applications, such as aerospace & defense, automotive, biomedical, industrial automation, building automation, and consumer electronics, among others. The sensors help in the measurement of brightness, acceleration, temperature, humidity, and material property.

The Chinese segment, with a market value of $220.41 million in 2014, is expected to contribute a share of 9.75% in the global smart sensor market. The Chinese market is expected to reach $956.67 million by 2018, at a CAGR of 44.34% during the forecast period, 2013 to 2018. The growing demand for smart devices such as smartphones and tablets, along with the evolution of wireless technologies in the economy, is driving the growth of the smart sensor market in China. The growing applications in automotive and healthcare sectors are also expected to drive the growth of the market in the coming years.

Some of the major companies contributing to the growth of the smart sensor market in China are Honeywell International Inc. (U.S.), Analog Devices Inc. (U.S), and Eaton Corporation (Ireland), among others.

The Chinese smart sensor market has been segmented in terms of components, applications, and technologies.

On the basis of Components:

• MEMS Accelerometer
• MEMS Gyroscopes
• Digital Compass
• Combos Sensor

On the basis of Technology:

• Micro-Electro-Mechanical System (MEMS) Technology
• Complementary Metal-Oxide-Semiconductor (CMOS) Technology
• Optical Spectroscopy

CUSTOMIZATION OPTIONS

Along with the market data, customize the MMM assessments to meet your company’s specific needs. Customize to get comprehensive industry standards and deep dive analysis of the following parameters:

Product Analysis

• Deep product analysis
• Product matrix, which gives a detailed comparison of product portfolio of each company mapped at sub-segment level
• Segment-wise analysis of usage of products at end-user level

Application Analysis

• Application level data for every segment in smart sensor market

• Revenue growth matrix showing market distribution 

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