Smart Sensor Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Technology, Type, and End-use Industry – Yahoo Finance


According to our latest market study, titled “Smart Sensor Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Technology, Type, and End-User Industry,” the market is expected to grow from US$ 31,731.

New York, May 19, 2022 (GLOBE NEWSWIRE) — announces the release of the report “Smart Sensor Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Technology, Type, and End-use Industry” –
1 million in 2021 to US$ 77,747.6 million by 2028. It is estimated to grow at a CAGR of 13.7% between 2021 to 2028.

A smart temperature sensor is a system that includes a temperature sensor, bias circuitry, and an analog-to-digital converter (ADC).When dealing with intense heat, risks, or inaccessible measurement locations, a temperature sensor detects heat to guarantee that a process remains within a particular range, ensuring safe application usage or satisfying a necessary condition.

The demand for dependable, high-performance, low-cost sensors is growing, fueling the development of new technologies such as micro-and nanotechnology, which ultimately impacts the smart sensor market growth.Stick-on or printed sensors can be attached to equipment as labels to measure physical factors such as humidity, temperature, and gas pressure.

Due to their inexpensive cost, compact size, and ease of use, the sensors are widely used in various sectors, including automobiles, homes, medical devices, the environment, food processing, and chemical. These factors are driving the smart sensor market size.

A temperature sensor’s primary application is in a smart home device’s smart thermostat.Due to significant consumer interest, incremental technology breakthroughs, and increased accessibility, the total market for smart homes is expected to expand fast, fueling the demand for smart sensors in the smart sensors market.

Analog Devices, Inc., STMicroelectronics, TE Connectivity Corporation, Microchip Technology Inc., NXP Semiconductors, and other firms provide a wide range of temperature and humidity sensors to the global smart sensor market.

Humidity sensors are in great demand in the smart sensors market, which (also known as a hygrometer) detect, measure, and report moisture and air temperature.Relative humidity is the ratio of moisture in the air to the most significant quantity of moisture at a given air temperature.

When seeking comfort, relative humidity becomes a crucial aspect.Humidity sensors have a wide range of uses.

Humidity sensors are used in houses to monitor and prevent diseases caused by humidity.Humidity sensors are also used in residential heating, ventilation, and air conditioning systems (HVAC systems).

These are also employed in meteorological stations to record and predict the weather in offices, vehicles, humidors, museums, industrial facilities, and greenhouses.

Based on geography, the smart sensor market is segmented primarily into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In terms of global smart sensor market share, North America accounted for the largest share in 2021.

Analog Devices Inc., Infineon Technologies Inc., STMicroelectronics, TE Connectivity, Microchip Technologies, NXP Semiconductor, Siemens AG, ABB Ltd., Robert Bosch GmbH, and Honeywell International are among the key smart sensor market players. In addition to these, several other smart sensor market players were analyzed to understand the overall market.

In Europe, the demand for electric vehicles (EVs) has surged, and so has the demand for technologies that provide longer ranges versions of electric vehicles that offer the most miles (Kilometers) and increased levels of self-driving and self-parking.EV-specific automakers are more inclined to include highway assist features rather than allowing the vehicle to …….



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