Taiwan (Republic of China) Smart Sensor Market

Smart sensor technology offers major benefits, such as high reliability, minimal cost, high performance, and scalability. Owing to the advantages of these sensors, they are used in varied applications that include aerospace & defense, automotive, biomedical, industrial automation, building automation, and consumer electronics among others. Smart sensors help in the measurement of brightness, acceleration, temperature, humidity, and material property.

Taiwan with a market value of $44.57 million in 2014, contributes a share of 1.97% of the global smart sensor market. The market in Taiwan is expected to reach $142.67 million by 2018, at a CAGR of 33.76% from 2013 to 2018. The rising disposable income among the population has resulted in an increased demand for smart devices such as tablets and smartphones, thereby influencing the rapid progress of the smart sensor market. Furthermore, it is observed that there is a sudden demand of these smart sensor devices from the healthcare sector that has resulted in becoming another significant factor affecting its market growth.

Prominent companies of this market include Siemens AG (Germany), Honeywell International, Inc. (U.S.), and Smith Systems, Inc. (U.S.), among others. The smart sensor market in Taiwan has been segmented on the basis 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

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

Application Analysis

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

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