India Smart Sensor Market

A sensor with an interfacing circuit forms a smart sensor, which is capable of making decisions, logical functions, and two-way communications. Major benefits offered by smart sensors are high reliability, minimal cost, high performance, and scalability. Smart sensors are used in various applications, such as aerospace & defense, automotive, biomedical, industrial automation, building automation, and consumer electronics among others. The sensors help in the measurement of brightness, acceleration, temperature, humidity, and material property.

The Indian market segment, with a market value of $120.75 million in 2014, is expected to contribute a market share of 5.34% to the global smart sensor market. The Indian market is expected to reach $520.23 million by 2018, at a CAGR of 40.07% from 2013 to 2018. Technological advancements in the country, rising disposable income, and increasing demand from the automotive and healthcare sectors are considered as major factors impacting the growth of the smart sensor market in India.

Prominent companies contributing to the Indian market include Freescale Semiconductor Inc. (U.S.), Infineon technologies AG (Germany), Siemens AG (Germany), and Honeywell International Inc. (U.S.) among others. The Indian smart sensor market has been segmented on the basis of component, application, and technology.

On the basis of Components:

• MEMS Accelerometer
• MEMS Gyroscopes
• Digital Compass
• Combos Sensor

On the basis of Technology:

• Micro-Electro-Mechanical System (MEMS) Technology
• Complementary Metal-Oxide-Semiconductor (CMOS) Technology
• Optical Spectroscopy

CUSTOMIZATION OPTIONS

Along with the market data, customize the MMM assessments that are in accordance to your company’s specific needs. Customize to get comprehensive industry standards and deep dive analysis of the following parameters:

Product Analysis

• Deep product analysis
• Product matrix, which gives a detailed comparison of product portfolio of each company mapped at sub-segment level
• Segment-wise analysis of products at end-user level

Application Analysis

• Application level data for every segment in the smart sensor market
• Revenue growth matrix showing market distribution 

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