Asia Pacific Smart Sensors Market Size & Outlook
Asia Pacific smart sensors market, 2018-2030 (US$M)
Asia Pacific smart sensors market highlights
- The Asia Pacific smart sensors market generated a revenue of USD 15,120.5 million in 2023.
- The market is expected to grow at a CAGR of 20.1% from 2024 to 2030.
- In terms of segment, image was the largest revenue generating sensors type in 2023.
- Image is the most lucrative sensors type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 15,120.5 million |
| Market revenue in 2030 | USD 54,351.9 million |
| Growth rate | 20.1% (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 |
| Key market players worldwide | Analog Devices Inc, Honeywell International Inc, Siemens AG, OMRON Corp, Sensirion, Robert Bosch Engineering & Business Solutions, NXP Semiconductors NV, STMicroelectronics NV ADR, Infineon Technologies AG, General Electric |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 29.4% of the global smart sensors market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 54,351.9 million by 2030.
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Smart Sensors Market Scope
Smart Sensors Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 22.09% in 2023. Horizon Databook has segmented the Asia Pacific 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.
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Target buyers of Asia Pacific 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 continent-level data and insights on the Asia Pacific smart sensors market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific smart sensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific smart sensors market size, by country, 2018-2030 (US$M)
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