Inclusion of Smart/Intelligent Sensors Crucial for Enhancing Safety Feature of Automobiles

The use of smart sensors is increasing in a host of industries such as automotive, entertainment, medical, and defense due to the increased utilization of process controls and sensing components for executing logical functions and instructions. For instance, in counter-terrorism applications, some of the uses of smart sensors are for biometrics and cargo tracking among others. In the automotive industry, smart systems are increasingly being deployed as automakers explore ways to address safety concerns.

The use of wireless sensor networks enables remote monitoring and management of critical devices, which helps in better system performance and enhanced decision-making capabilities. On account of these factors, the global smart/intelligent sensors market will display a CAGR of 12.2% between 2013 and 2019, says Transparency Market Research.

Q. What are the major factors fuelling the growth of the smart/intelligent sensors market?

A. First and foremost, the increasing penetration of smartphones and tablets is supporting the growth of the global smart sensors market. This is because smart sensors such as image sensors and touch sensors are being incorporated in smart electronics to provide advanced features than predecessor devices.

In industrial applications, a wireless smart sensor platform enables instrumentation and predictive maintenance within a production area. The increasing application of smart sensors in transportation and logistics and healthcare is also propelling the market’s growth considerably.

Q. What are the demand dynamics for smart sensors in regional markets?

A. Europe displays a significant demand for smart sensors owing to the high healthcare standards, the long-established presence of leading automobile manufacturers such as BMW, Audi, and Renault in the region, and consistent infrastructural development for economic development. Moreover, the increasing demand for advanced medical equipment, changing consumer behavior to own technologically advanced electronics in place of obsolete ones, and demand for advanced features in automobiles for enhancing vehicular safety is propelling the growth of this regional market. Europe exhibited the highest demand for smart sensors globally in 2012.

Q. Is North America a significant market for smart sensors?

A. Yes. The increasing demand for consumer electronics and consistent modernization of healthcare infrastructure have enabled North America to stand as a significant regional market for smart/intelligent sensors. The automotive industry is also supporting the growth of the smart sensors market due to strict regulations for the installation of safety equipment in passenger cars. Other end-use industries such as infrastructure, avionics, and industrial are also contributing to the growth of this regional market.

Q. Which application segment is faring well in the global smart/intelligent sensors market?

A. The automotive sector led the overall market in 2012 and was closely followed by the industrial sector. These sectors are expected to retain their leading positions in the smart/intelligent sensors market in the coming years as well.


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