The North America smart sensors market is expected to grow from US$ 9,545.54 million in 2021 to US$ 22,643.83 million by 2028. it is estimated to grow at a CAGR of 13.1% from 2021 to 2028.
The Internet of Things (IoT) has accelerated the evolution of sensors to new heights. Many production facilities are taking up smart sensors with the industry 4.0-powered cyber-physical transformation of manufacturing industries. IoT platforms use a variety of sensors to deliver intelligence and data, allowing devices to function autonomously and the entire ecosystem to become more intelligent. Devices share information and improve their efficiency and functionality by combining a set of sensors and a communication network. The demand for IoT is growing in various industrial verticals, which, in turn, is supporting the growth of the smart sensor market.
Smart sensors are well-suited to safety-critical applications, such as gas detection, fire detection, and intruder detection. Sensors are attached to a suitable surface (portable surface), such as a desk, wall, or door, and wirelessly transmit data to the cloud, making them easy to install and retrofit into existing structures. They are eco-friendly because they use low-power wireless technology and are self-powered, use ultra-long-life batteries, power over Ethernet (PoE), or are mains-powered, eliminating the need to keep replacing batteries.
These sensors have advantages, such as high reliability, size flexibility, and weight requirements, and they can withstand a rugged environment. Furthermore, the sensor component is something that most consumer electronic products have in common: A microcontroller, transceiver, external memory, and power source. On the other hand, the new smart sensors are becoming more advanced, smaller, less expensive, and more power-efficient than in the past. These advancements have boosted their use in portable devices, such as smartphones and tablets, and home appliances, such as coffee makers, blenders, mixers, toasters, and microwaves. Infineon's XENSIV is ideal for consumers' electronics. The company also provides magnetic, pressure, acoustic, and 3D image sensors (REAL3) and radar sensor MMICs (RASIC for automotive). Currently, micro-electro-mechanical systems (MEMS) and nano-electro-mechanical systems (NEMS) are in high demand. Manufacturers can use modern sensor technologies in portable devices, smartphones, tablets, gaming devices, navigation, and home appliances. Smart sensor technologies also find applications in smart home automation, security systems, robotics, automotive, and healthcare. Hence, extensive uptake of smart sensors in IoT-Based devices and consumer electronics is driving the growth of the smart sensor market.
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.
Exhibit: North America Smart Sensors Market Revenue and Forecast to 2028 (US$ Million)
North America Smart Sensors Market Segmentation
The North America 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 the US, Mexico, and Canada.
North America 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.
The List of Companies - North America 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.
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. North America Smart Sensor Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America 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. North America Smart Sensor Market – Country Market Analysis
6.1 North America Smart Sensor Market Forecast and Analysis
6.2 Market Positioning – Five Key Players
7. North America Smart Sensor Market Analysis – By Type
7.1 Overview
7.1.1 North America: Smart Sensors Market- by Type
7.2 Temperature & Humidity Sensors
7.2.1 Overview
7.2.2 Temperature & Humidity Sensors: North America Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
7.3 Pressure Sensors
7.3.1 Overview
7.3.2 Pressure Sensors: North America Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Motion Sensors
7.4.1 Overview
7.4.2 Motion Sensors: North America Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Position Sensors
7.5.1 Overview
7.5.2 Position Sensors: North America Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
8. North America Smart Sensor Market – By Technology
8.1 Overview
8.1.1 North America: Smart Sensors Market- By Technology
8.2 MEMS
8.2.1 Overview
8.2.2 MEMS: North America Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
8.3 CMOS
8.3.1 Overview
8.3.2 CMOS: North America Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Others
8.4.1 Overview
8.4.2 Others: North America Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Smart Sensor Market – By End-Use Industry
9.1 Overview
9.1.1 North America: Smart Sensors Market- By End-Use Industry
9.2 Consumer Electronics
9.2.1 Overview
9.2.2 Consumer Electronics: North America Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
9.3 Automotive
9.3.1 Overview
9.3.2 Automotive: North America Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Healthcare
9.4.1 Overview
9.4.2 Healthcare: North America Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Manufacturing
9.5.1 Overview
9.5.2 Manufacturing: North America Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Retail
9.6.1 Overview
9.6.2 Retail: North America Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: North America Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
10. North America Smart Sensors Market– Country Analysis
10.1 North America: Smart Sensors Market
10.1.1 Overview
10.1.2 North America: Smart Sensors Market- by Key Country
10.1.2.1 US: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
10.1.2.1.1 US: Smart Sensors Market– By Type - Revenue and Forecast to 2028 (US$ Million)
10.1.2.1.2 US: Smart Sensors Market- By Technology
10.1.2.1.3 US: Smart Sensors Market- By End-Use Industry
10.1.2.2 Canada: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
10.1.2.2.1 Canada: Smart Sensors Market– By Type
10.1.2.2.2 Canada: Smart Sensors Market- By Technology
10.1.2.2.3 Canada: Smart Sensors Market- By End-Use Industry
10.1.2.3 Mexico: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
10.1.2.3.1 Mexico: Smart Sensors Market- by Type
10.1.2.3.2 Mexico: Smart Sensors Market- By Technology
10.1.2.3.3 Mexico: 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
