Global Smart Sensors Market Size & Outlook, 2023-2030
Global smart sensors market, 2018-2030 (US$M)
Global smart sensors market highlights
- The global smart sensors market generated a revenue of USD 51,416.5 million in 2023 and is expected to reach USD 169,796.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 18.6% by 2030.
- In terms of segment, image accounted for a revenue of USD 11,355.1 million in 2023.
- Image is the most lucrative sensors type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 51,416.5 million |
| Market revenue in 2030 | USD 169,796.6 million |
| Growth rate | 18.6% (CAGR from 2023 to 2030) |
| Largest segment | Image |
| Fastest growing segment | Image |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Touch, Flow, Image, Temperature & Humidity, Motion, Pressure, Light, Position |
Other key industry trends
- In terms of revenue, the North America accounted for 34.3% of the global smart sensors market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Saudi Arabia is the fastest growing regional market and is projected to reach USD 2,201.6 million by 2030.
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Smart Sensors Market Scope
Smart Sensors Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global smart sensors market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart sensors market will help companies and investors design strategic landscapes.
Image was the largest segment with a revenue share of 22.08% in 2023. Horizon Databook has segmented the Global smart sensors market based on touch, flow, image, temperature & humidity, motion, pressure, light, position covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Smart Sensors Sensors Type Outlook (Revenue, USD Million, 2018-2030)
- Touch
- Flow
- Image
- Temperature & Humidity
- Motion
- Pressure
- Light
- Position
- Others
- Global Smart Sensors Technology Outlook (Revenue, USD Million, 2018-2030)
- Micro electro-mechanical systems (MEMS)
- Complementary metal-oxide semiconductors (CMOS)
- Others
- Global Smart Sensors Component Outlook (Revenue, USD Million, 2018-2030)
- Analog to Digital Converters (ADC)
- Digital to Analog Converters (DAC)
- Transceivers
- Amplifiers
- Microcontrollers
- Others
- Global Smart Sensors End Use Outlook (Revenue, USD Million, 2018-2030)
- Industrial
- Aerospace & Defense
- Consumer Electronics
- Healthcare
- Transportation & Logistics
- Automotive
- Energy & Utilities
- Renewables
- Manufacturing
- Others
- Commercial
- Retail
- Hospitality
- Others
- Residential
- Industrial
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Target buyers of Global smart sensors market databook
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Our clientele includes a mix of smart sensors market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global smart sensors market , including forecasts for subscribers. This global databook contains high-level insights into Global smart sensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global smart sensors market size, by regions, 2018-2030 (US$M)
Related regional statistics
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