Asia Pacific Smart Sensors Market Forecast to 2028 – COVID

Asia Pacific Smart Sensors Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Technology (MEMS, CMOS, and Others), Type (Temperature and Humidity Sensors, Pressure Sensors, Motion, and Others), and End-use Industry (Consumer Electronics, Automotive, Healthcare, Manufacturing, Retail, and Others)

Report Code : BMIRE00025594 | Region : Asia Pacific | Industry : Electronics and Semiconductor | Published Date : 10/Aug/2022

The Asia Pacific smart sensors market is expected to grow from US$ 11,447.63 million in 2021 to US$ 29,862.68 million by 2028. It is estimated to grow at a CAGR of 14.7% from 2021 to 2028.

Many automotive manufacturers are coming up with new intelligent vehicles. They are more inclined toward cutting-edge smart sensors. APAC is expected to be the most important market for smart sensors vendors over the coming years in the automotive, infrastructure, consumer electronics, and pharmaceutical industries, with China, India, and Japan demonstrating a significantly high demand. As the manufacturing hub for various industries, including semiconductor and automotive, which produce home appliances, smartphones, computers, and peripheral devices, China's manufacturing sector has seen massive growth over the last few years. As a result, an enormous increase in the production and sale of sensing devices can be seen in this region. Long-range low-power wide-area network (LPWAN) technologies, such as NB-IoT, LoRa, LTE-M, and Sigfox, are fueling IoT vehicle connectivity innovation. LPWANs for IoT sensors allow low-power devices to wirelessly stream data packets over longer distances, as the automotive industry requires.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the smart sensors market growth at a notable CAGR during the forecast period.

Asia Pacific Smart Sensors Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Smart Sensors Market Segmentation

The Asia Pacific smart sensors market is segmented on the basis of technology, type, end-use industry, and country. By technology, the market is segmented into mems, CMOS, and others. Based on type, the market is segmented into temperature and humidity sensors, pressure sensors, motion, and others. Based on end-use industry, the market is divided into consumer electronics, automotive, healthcare, manufacturing, retail, and others. Based on country, the market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific.

Asia Pacific Smart Sensors Market—Companies Mentioned

Analog Devices, Inc.; INFINEON TECHNOLOGIES AG; ST Microelectronics; TE Connectivity Corporation; Microchip Technology Inc.; NXP Semiconductors; Siemens; Robert Bosch GmbH; ABB Ltd.; and Honeywell International Inc. are a few major companies operating in the regional market.

At 14.7% CAGR, the Asia Pacific Smart Sensors Market is speculated to be worth US$ 29,862.68 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the Asia Pacific smart sensors market was valued at US$ 11,447.63 million in 2021 and is expected to reach US$ 29,862.68 million by 2028, registering an annual growth rate of 14.7% from 2021 to 2028. Extensive adoption of smart sensors in iot-based devices and consumer electronics and growing popularity of smart sensors in industrial automation are the critical factors attributed to the market expansion.

Smart sensors are pioneer components in industrial control. With the uptake of smart sensors, many industrial verticals are modernizing their state-of-art facilities. The array of smart sensors helps collect data to a central and cloud-based computing resource over the Internet. Asset tracking and predictive maintenance applications run on analytics software's cloud computers that can turn massive amounts of data into actionable information. Many companies are confronted with a diverse selection of smart sensors and device applications to consider when starting their projects. These new sensors have more advanced digital interfaces and produce more useful data than traditional industrial sensors. The classes of advanced technologies that are reshaping industrial automation are as follows: A new type of smart sensor that uses edge control technology to send critical data to the cloud is also designed for remote working applications. For instance, for various industrial applications, new devices, such as OMEGA's Layer N Smart Sensor, use internal sensing elements to accurately measure environmental conditions, including temperature, light, humidity, and barometric pressure. Smart vibration sensors are another significant advancement in IIoT solutions. These devices track vibration and perform preventative maintenance on essential machines and equipment. For instance, the Advantech WISE-2410 LoRaWAN Wireless Condition Monitor sensors can detect equipment vibration, monitor its surface temperatures 24/7, and calculate its vibration characteristics autonomously.These smart photoelectric sensors, such as smart position sensors, are quite popular in industrial automation. These sensors, commonly used in medical, aerospace, and industrial applications, can detect patterns and changes in an object's structure. Pattern detection takes place in the sensor rather than in the central processor of a local PLC, reducing the load on the PLC. In 2022, there will be a robot race in which multiple advanced robotics countries compete for the first rank around the world. Countries investing heavily in robotics are concentrating their efforts on developing automated industries to boost productivity and improve customer engagement. This has encouraged many smart sensor providers to invest more in developing their product portfolio.Therefore, these investments are propelling the smart sensor market.

On the contrary, high cost and less lifespan of device hurdles the growth of Asia Pacific smart sensors market .

Based on technology , the Asia Pacific smart sensors market is devided into mems, cmos, and others .The MEMS segment held 48.8% market share in 2021, amassing US$ 5589.13 million. It is projected to garner US$ 16024.59 million by 2028 to expand at 16.2% CAGR during 2021–2028.

Based on type, the Asia Pacific smart sensors market is divided into temperature and humidity sensors, pressure sensors, motion, and others. The temperature and humidity sensors segment held 34.9% market share in 2021, amassing US$ 3,991.24 million. It is projected to garner US$ 9,844.85 million by 2028 to expand at 13.8% CAGR during 2021–2028.

Based on end-use industry ,the Asia Pacific smart sensors market is divided into consumer electronics, automotive, healthcare, manufacturing, retail, and others. The consumer electronics segment held 26.8% market share in 2021, amassing US$ 3,066.72 million. It is projected to garner US$ 8,225.23 million by 2028 to expand at 15.1% CAGR during 2021–2028.

Based on country, the Asia Pacific smart sensors market has been categorised into the Australia ,China, India , Japan , South Korea and Rest of Asia Pacific . Our regional analysis states that China captured 28.2% market share in 2021. It was assessed at US$ 3,224.50 million in 2021 and is likely to hit US$ 7,877.8 million by 2028, exhibiting a CAGR of 13.6% during the forecast period.

Key players dominating the Asia Pacific smart sensors market are Analog Devices, Inc. ; INFINEON TECHNOLOGIES AG ; ST Microelectronics ; TE Connectivity Corporation ; Microchip Technology Inc. ; NXP Semiconductors ; Siemens ; Robert Bosch GmbH ; ABB Ltd ; and Honeywell International Inc. among others.In 2022, SensiML, a leading producer of AI tools for constructing intelligent Internet of Things (IoT) endpoints, cooperates with Infineon Technologies AG. Together, they provide developers with a seamless and straightforward method for capturing data from Infineon XENSIVTM sensors, training Machine Learning (ML) models, and deploying real-time inferencing models directly on ultra-low-power PSoCTM 6 microcontrollers (MCUs). This cooperation provides designers with the tools to create intelligent apps for IoT devices in the smart home, industrial, and fitness sectors.

In 2021 , ABB AbilityTM Smart Sensors and remote monitoring systems improve safety, extend equipment life, and reduce downtime considerably, if not altogether. They're also ushering in the Factory of the Future, a concept in which data gathered from motors, installed bearings, gears, variable-speed drives, and pumps is integrated and accessed and analyzed remotely, offering deep insights into the health of whole processes.

TABLE OF CONTENTS

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Asia Pacific Smart Sensor Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 APAC

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Asia Pacific Smart Sensor Market– Key Market Dynamics

5.1 Market Drivers

5.1.1 Extensive adoption of Smart Sensors in IoT-based Devices and Consumer Electronics

5.1.2 Growing Popularity of Smart Sensors in Industrial Automation

5.2 Market Restraints

5.2.1 High Cost and Less Lifespan of Device

5.3 Market Opportunities

5.3.1 Development of Smart Cities

5.4 Future Trends

5.4.1 Emergence of Autonomous Vehicles and Advancements of Technologies

5.4.2 Rising Inclination of Smart Sensors in Biomedical Applications

5.5 Impact Analysis of Drivers and Restraints

6. Asia Pacific Smart Sensor Market –Country Market Analysis

6.1 Asia Pacific Smart sensor Market Forecast and Analysis

6.2 Market Positioning – Five Key Players

7. Asia Pacific Smart Sensor Market Analysis – By Type

7.1 Overview

7.1.1 APAC: Smart Sensors Market- by Type

7.2 Temperature & Humidity Sensors

7.2.1 Overview

7.2.2 Temperature & Humidity Sensors: Asia Pacific Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)

7.3 Pressure Sensors

7.3.1 Overview

7.3.2 Pressure Sensors: Asia Pacific Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Motion Sensors

7.4.1 Overview

7.4.2 Motion Sensors: Asia Pacific Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)

7.5 Position Sensors

7.5.1 Overview

7.5.2 Position Sensors: Asia Pacific Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)

7.6 Others

7.6.1 Overview

8. Asia Pacific Smart Sensor Market – By Technology

8.1 Overview

8.1.1 APAC: Smart Sensors Market- By Technology

8.2 MEMS

8.2.1 Overview

8.2.2 MEMS: Asia Pacific Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)

8.3 CMOS

8.3.1 Overview

8.3.2 CMOS: Asia Pacific Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Others

8.4.1 Overview

8.4.2 Others: Asia Pacific Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)

9. Asia Pacific Smart Sensor Market – By End-Use Industry

9.1 Overview

9.1.1 APAC: Smart Sensors Market- By End-Use Industry

9.2 Consumer Electronics

9.2.1 Overview

9.2.2 Consumer Electronics: Asia Pacific Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)

9.3 Automotive

9.3.1 Overview

9.3.2 Automotive: Asia Pacific Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)

9.4 Healthcare

9.4.1 Overview

9.4.2 Healthcare: Asia Pacific Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)

9.5 Manufacturing

9.5.1 Overview

9.5.2 Manufacturing: Asia Pacific Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)

9.6 Retail

9.6.1 Overview

9.6.2 Retail: Asia Pacific Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)

9.7 Others

9.7.1 Overview

9.7.2 Others: Asia Pacific Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)

10. Asia Pacific Smart Sensors Market– Country Analysis

10.1 APAC: Smart Sensors Market

10.1.1 Overview

10.1.2 APAC: Smart Sensors Market- by Key Country

10.1.2.1 Australia: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)

10.1.2.1.1 Australia: Smart Sensors Market- by Type

10.1.2.1.2 Australia: Smart Sensors Market- By Technology

10.1.2.1.3 Australia: Smart Sensors Market- By End-Use Industry

10.1.2.2 China: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)

10.1.2.2.1 China: Smart Sensors Market- by Type

10.1.2.2.2 China: Smart Sensors Market- By Technology

10.1.2.2.3 China: Smart Sensors Market- By End-Use Industry

10.1.2.3 India: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)

10.1.2.3.1 India: Smart Sensors Market- by Type

10.1.2.3.2 India: Smart Sensors Market- By Technology

10.1.2.3.3 India: Smart Sensors Market- By End-Use Industry

10.1.2.4 Japan: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)

10.1.2.4.1 Japan: Smart Sensors Market- by Type

10.1.2.4.2 Japan: Smart Sensors Market- By Technology

10.1.2.4.3 Japan: Smart Sensors Market- By End-Use Industry

10.1.2.5 South Korea: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)

10.1.2.5.1 South Korea: Smart Sensors Market- by Type

10.1.2.5.2 South Korea: Smart Sensors Market- By Technology

10.1.2.5.3 South Korea: Smart Sensors Market- By End-Use Industry

10.1.2.6 Rest of APAC: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)

10.1.2.6.1 Rest of APAC: Smart Sensors Market- by Type

10.1.2.6.2 Rest of APAC: Smart Sensors Market- By Technology

10.1.2.6.3 Rest of APAC: Smart Sensors Market- By End-Use Industry

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 New Product Development

12. Company Profiles

12.1 Analog Devices, Inc.

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 INFINEON TECHNOLOGIES AG

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 STMicroelectronics

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 TE Connectivity Corporation

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Microchip Technology Inc.

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 NXP Semiconductors

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Siemens

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Robert Bosch GmbH

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 ABB Ltd

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 Honeywell International Inc.

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES.

Table 1.             Asia Pacific Smart sensor Market, Revenue and Forecast, 2019–2028 (US$ Mn)

Table 2.             APAC: Smart Sensors Market- by Type – Revenue and Forecast to 2028 (US$ Million)

Table 3.             APAC: Smart Sensors Market- By Technology – Revenue and Forecast to 2028 (US$ Million)

Table 4.             APAC: Smart Sensors Market- By End-Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 5.             Australia: Smart Sensors Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 6.             Australia: Smart Sensors Market- By Technology –Revenue and Forecast to 2028 (US$ Million)

Table 7.             Australia: Smart Sensors Market- By End-Use Industry –Revenue and Forecast to 2028 (US$ Million)

Table 8.             China: Smart Sensors Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 9.             China: Smart Sensors Market- By Technology –Revenue and Forecast to 2028 (US$ Million)

Table 10.          China: Smart Sensors Market- By End-Use Industry –Revenue and Forecast to 2028 (US$ Million)

Table 11.          India: Smart Sensors Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 12.          India: Smart Sensors Market- By Technology –Revenue and Forecast to 2028 (US$ Million)

Table 13.          India: Smart Sensors Market- By End-Use Industry –Revenue and Forecast to 2028 (US$ Million)

Table 14.          Japan: Smart Sensors Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 15.          Japan: Smart Sensors Market- By Technology –Revenue and Forecast to 2028 (US$ Million)

Table 16.          Japan: Smart Sensors Market- By End-Use Industry –Revenue and Forecast to 2028 (US$ Million)

Table 17.          South Korea: Smart Sensors Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 18.          South Korea: Smart Sensors Market- By Technology –Revenue and Forecast to 2028 (US$ Million)

Table 19.          South Korea: Smart Sensors Market- By End-Use Industry –Revenue and Forecast to 2028 (US$ Million)

Table 20.          Rest of APAC: Smart Sensors Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 21.          Rest of APAC: Smart Sensors Market- By Technology –Revenue and Forecast to 2028 (US$ Million)

Table 22.          Rest of APAC: Smart Sensors Market- By End-Use Industry –Revenue and Forecast to 2028 (US$ Million)

Table 23.          List of Abbreviation

LIST OF FIGURES.

Figure 1.           Asia Pacific Smart Sensor Market Segmentation

Figure 2.           Asia Pacific Smart Sensor Market Overview

Figure 3.           Asia Pacific Smart Sensor Market, By Technology

Figure 4.           Asia Pacific Smart Sensor Market, By Country

Figure 5.           APAC: PEST Analysis

Figure 6.           Asia Pacific Smart Sensor Market Ecosystem Analysis

Figure 7.           Expert Opinion

Figure 8.           Asia Pacific Smart sensor Market Impact Analysis of Drivers and Restraints

Figure 9.           Asia Pacific Smart sensor Market, Forecast and Analysis (US$ Mn)

Figure 10.        APAC: Smart Sensors Market Revenue Share, By Type (2020 and 2028)

Figure 11.        Temperature & Humidity Sensors: Asia Pacific Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12.        Pressure Sensors: Asia Pacific Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13.        Motion Sensors: Asia Pacific Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.        Position Sensors: Asia Pacific Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Others: Asia Pacific Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        APAC: Smart Sensors Market Revenue Share, By Technology (2020 and 2028)

Figure 17.        MEMS: Asia Pacific Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18.        CMOS: Asia Pacific Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Others: Asia Pacific Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        APAC: Smart Sensors Market Revenue Share, By End-Use Industry (2020 and 2028)

Figure 21.        Consumer Electronics: Asia Pacific Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22.        Automotive: Asia Pacific Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Healthcare: Asia Pacific Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        Manufacturing: Asia Pacific Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        Retail: Asia Pacific Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        Others: Asia Pacific Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.        APAC: Smart Sensors Market– Overview (US$ Million)

Figure 28.        APAC: Smart Sensors Market Revenue Share, By Key Country (2020 and 2028)

Figure 29.        Australia: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)

Figure 30.        China: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)

Figure 31.        India: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)

Figure 32.        Japan: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)

Figure 33.        South Korea: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)

Figure 34.        Rest of APAC: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)

The List of Companies - Asia Pacific Smart Sensors Market

● Analog Devices, Inc.                                                                       

● INFINEON TECHNOLOGIES AG                                                  

● STMicroelectronics                                                                         

● TE Connectivity Corporation                                                         

● Microchip Technology Inc.                                                          

● NXP Semiconductors                                                                     

● Siemens                                                                                              

● Robert Bosch GmbH                                                                        

● ABB Ltd                                                                                               

● Honeywell International Inc.

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific Smart Sensors Market.

● Highlights key business priorities in order to assist companies to realign their business strategies.

● The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific Smart Sensors Market, thereby allowing players across the value chain to develop effective long-term strategies.

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

● Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.

● Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

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