South Korea 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. The sensors help in the measurement of brightness, acceleration, temperature, humidity, and material property.

The South Korean market, with a market value of $207.51 million in 2014, contributes a share of 9.18% in the global smart sensor market. The South Korean market is expected to reach $733.40 million by 2018, at a CAGR of 37.11% from 2013 to 2018. Rapid growth observed in the consumer electronics and automotive industries in South Korea, along with rising demand of sensors from the healthcare segment and increasing adoption of smart devices by the South Korean population, are factors influencing the overall growth of the South Korea smart sensor market.

Major countries contributing to its market growth include Honeywell International Inc. (U.S.), Eaton Corporation (Ireland), and Smith Systems, Inc.,(U.S.) among others. The South Korean smart sensor market has been segmented in terms of component, application, and technology.

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

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Product Analysis

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Application Analysis

• Application level data for every segment in smart sensor market
• Revenue growth matrix showing market distribution 

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