Spain 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 Spanish market segment, with a market value of $109.50 million in 2014, contributes a market share of 4.85% in the global smart sensor market. The Spanish segment is expected to reach a value of $463.62 million by 2018, at a CAGR of 43.45% from 2013 to 2018. The technological advancements in the field of sensors, the growing applications in healthcare and automotive sectors, and the rising demand from the population for smart devices are the major factors expected to drive the growth of the smart sensor market in Spain in the coming years.

Some of the major companies operating in the Spanish market include Smith Systems, Inc. (U.S.), BeanAir (France), ABB Ltd. (Switzerland), and Siemens AG (Germany), among others.

The Spanish 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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