Smart sensor market
There were 15 billion smart sensor units shipped in 2015, and the smart sensor market is set to exceed USD 80 billion by 2024
Growing demand for smart electronics and wearable devices in consumer electronics is driving the smart sensor market across the globe. Increasing investment and reduced development costs for speed and accuracy will be achieved through measurement methods with innovative manufacturing technologies, high-tech signal processing methods and high performance.
Technological advancements have led to substantial miniaturisation of sensors, making them cost-effective, and efficient, and this is expected to drive further market growth. The growing implementation of MEMS (microelectromechanical systems) technology has led to adoption in aviation, automotive, consumer electronics, and healthcare industries.
High demand for smart wearable devices and the IoT (Internet of Things) is contributing to the growth of MEMS technology. Commoditisation of the technology is expected to ensure increased usage in the automotive, industrial, medical, semiconductor and telecommunications industries. Technological advancements in MEMS technology such as sensor fusion is also expected to drive the smart sensor market.
The automotive smart sensor market share is predicted to grow considerably over the next few years. Automatic climate control in vehicles, achieved by using smart sensors, can help control cooling systems and improve passenger comfort. In addition, they can be incorporated within air-conditioned seats to control humidity and temperature and help reduce the overall energy consumption.
North America dominates the smart sensor market due to the increasing demand for IoT and smart homes and the presence of major industry players in the region. The APAC ( Asia Pacific Countries) smart sensor market is primarily driven by India, Japan and China, due to developing infrastructure and government initiatives to support projects such as smart cities and homes. India serves as the manufacturing base for various consumer electronics and automotive verticals which will further drive regional demand.
[edit] Find out more
[edit] Related articles on Designing Buildings Wiki
- Ubiquitous sensors to assess energy consumption and wellbeing in domestic environments
- Global pressures and the future of building technologies
- Performance and wellbeing, beyond compliance
- More than 2 million people die at work each year. Here is how to prevent it
- Industry Disruption: 10 ways real estate is changing
- 2050 and the Future of Infrastructure
- The Biophilic Office
Featured articles and news
Prioritising tax considerations.
Reviewing the Double Diamond Design model
The four D creative process: discover, define, develop and deliver.
National Cyber Security Centre initiative is announced.
The impact of COVID-19 on global HVAC&R markets
Reviewing trends and projections.
Legislation will establish initiatives to move towards net zero.
Status determination statement
How to document contractor employment status.
Social distancing goes high tech
Tech tools to help manage people and space post-pandemic.
Eclectic Edwardian architecture
A style that ranges from mock Tudor to arts and crafts to the 'Wrenaissance'.
Free guide from Secured by Design.
Building Back Better: Circularity
BREEAM strategy for sustainability and the circular economy.
Free tool to improve the construction programming process.
Building services verification
Are buildings doing what they're supposed to be doing?
Cities with quick access to everything by foot or bike.
The pressures and pinch points of global destinations.