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Smart Sensor Market Share

Report ID: GMI678
Published Date: Oct 2023
Report Format: PDF

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Smart Sensor Market Share

Players operating in the smart sensor industry focus on implementing different growth strategies to strengthen their offerings and expand their market reach. The strategies involve new product developments & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. These players also heavily invest in research & development to introduce innovative and technologically advanced sensors. Some major players operating in the smart sensor industry are mentioned below:

Infineon Technologies AG
TDK InvenSense
TE Connectivity
STMicroelectronics
Robert Bosch GmbH
Emerson Electric Co.
NXP Semiconductors N.V

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The smart sensor industry size was over USD 45.4 billion in 2022 and is anticipated to record over 15.7% CAGR between 2023 and 2032.

The automotive segment is anticipated to register 15% CAGR from 2023 to 2032 as systems like ADAS rely heavily on smart sensors to enhance vehicle safety and improve driving experience.

Asia Pacific smart sensor industry held a dominant share of over 40% in 2022 and will grow through 2032 as several countries in the region including China, Japan, South Korea, and India are major hubs for the automotive industry, that demand sensors.

Infineon Technologies AG, TDK InvenSense, TE Connectivity, STMicroelectronics, Robert Bosch GmbH, Emerson Electric Co., and NXP Semiconductors N.V.