According to a new report Global Smart Sensor Market, published by KBV research, The Global Smart Sensor Market size is expected to reach $89.9 billion by 2027, rising at a market growth of 12.8% CAGR during the forecast period.
The Consumer Electronics market dominated the Global Smart Sensor Market by End Use 2020, and would continue to be a dominant market till 2027. The Automotive market is witnessing a CAGR of 12% during (2021 - 2027). Additionally, The Industrial market is estimated to grow at a CAGR of 13.7% during (2021 - 2027).
The Image Sensor market dominated the Global Smart Sensor Market by Type 2020, thereby, achieving a market value of $17,761.2 million by 2027. The Motion Sensor market is experiencing a CAGR of 14.1% during (2021 - 2027). The Touch Sensor market is showcasing a CAGR of 11.5% during (2021 - 2027). Additionally, The Pressure Sensor market is expected to witness highest CAGR of 14.6% during (2021 - 2027).
The Asia Pacific market dominated the Global Smart Sensor Market by Region 2020, growing at a CAGR of 12.9 % during the forecast period. The Europe market is expected to witness a CAGR of 12.4% during (2021 - 2027). Additionally, The North America market is poised to grow at a CAGR of 12.6% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/smart-sensor-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Infineon Technologies AG, STMicroelectronics N.V., Microchip Technology, Inc., NXP Semiconductors N.V., ABB Group, Siemens AG, Robert Bosch GmbH, Honeywell International, Inc., General Electric (GE) Co., and Analog Devices, Inc.
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