Latin America Smart Sensor Market

A sensor with an interfacing circuit forms a smart sensor, which is capable of making decisions, logical 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. These sensors help in the measurement of brightness, acceleration, temperature, humidity, and material property.

The Latin American market contributes a market share of 13.96% to the global smart sensor market. The Latin American market is expected to reach $1,125.15 million by 2018, at a CAGR of 37.42% from 2013 to 2018. The increasing adoption of smart sensors across varied regions, along with the growing requirement of smart sensors in automotive and healthcare applications, are considered as significant drivers influencing the demand of smart sensor market in Latin America.

Prominent companies contributing to the growth of the Latin American smart sensor market include ABB Ltd. (Switzerland), Siemens AG (Germany), and Honeywell International Inc. (U.S.) among others. This market is segmented on the basis of geography, component, technology, and application.

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 that are in accordance to your company’s specific needs. Customize to get comprehensive industry standards and deep dive analysis of the following parameters:

Product Analysis

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

Country Level Data Analysis

• Country level data for top countries in the smart sensor market
• Country-specific data showing opportunities in the concerned region

Application Analysis

• Application level data for every segment in the smart sensor market
• Revenue growth matrix showing market distribution among different countries of the region

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