Smart Sensor Market Size, Share & Analysis by 2028
The smart sensor market is expected to grow from US$ 31,731.1 million in 2021 to US$ 77,747.6 million by 2028. It is estimated to grow at a CAGR of 13.7% between 2021 to 2028.
Smart sensor is faster and more accurate than traditional sensors. These sensors are smaller and consume less power than conventional sensors. The use of smart sensors technology in IoT-based devices and consumers electronics and its application in the aerospace & defense, automotive, biomedical & healthcare, industrial automation, building automation, consumer electronics, education, robotics, agriculture, and transportation industries have attracted much interest in the past few years. The increase in usage of smart sensors across the applications is a key factor boosting the smart sensor market size.
With rising safety and security concerns, the demand for smart sensors in consumer electronics is increasing, impacting the smart sensor market. Various sensors, such as night vision IR sensors, sound sensors or microphones, and smart toilets, are used in home automation. Companies incorporate various features, such as automatic cleaning, automatic flushing, tank-leak monitoring, water overflow protection, and health monitoring, into their smart sensors. Lights and fans can be controlled with an automatic system that uses infrared or motion sensors.
Further, with the changing lifestyle and new modern standard of living thus, the demand for modular kitchens integrated with home automation is witnessing exponential growth, positively impacting the smart sensor market. Manufacturers are developing synthetic sensor-based devices to monitor vibration, kitchen sounds, light, gas, temperature, heat, and electromagnetic temperature and noise, increasing the the smart sensor market size. For instance, Analog Devices, Inc. offers HMC1126 GaAs pHEMT sensors. It is a low noise amplifier that operates at a range of 400 MHz-52 GHz and is used in several applications, such as microwave radios, very small aperture terminals (VSATs), test equipment, and 5G communication.
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Smart Sensor Market: Strategic Insights
Market Size Value in US$ 31,731.1 million in 2021 Market Size Value by US$ 77,747.6 million by 2028 Growth rate CAGR of 13.7% from 2021 to 2028. Forecast Period 2021- 2028 Base Year 2021
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Smart Sensor Market: Strategic Insights
| Market Size Value in | US$ 31,731.1 million in 2021 |
| Market Size Value by | US$ 77,747.6 million by 2028 |
| Growth rate | CAGR of 13.7% from 2021 to 2028. |
| Forecast Period | 2021- 2028 |
| Base Year | 2021 |
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Smart sensor technology has led to rapid technological advancements in smartphones and wearable devices. Automobile manufacturers are increasingly demanding smart sensors to improve safety and comfort. The use of wireless technology to monitor and control security devices equipped with smart sensors is becoming more common. Amid COVID-19, the surge in demand for smart sensor-enabled wearable devices, ongoing government support for green building construction, and predictive maintenance are offering lucrative opportunities for the smart sensor market players.
The rise in smartphone penetration has been substantially fuelling the smart sensor market growth. Smart sensors include popular sensors, such as motion, position, ambient light, accelerometer, and gyroscope. Specific Absorption Rate (SAR) sensors enhance connectivity for a wide range of wireless technologies, such as 5G sub-6/4G/Wi-Fi in smartphones, tablets, and laptops. SEMTECH, a leading semiconductor supplier, offers PerSeTM Connect, PerSe Connect Pro, and PerSe Control sensors, which can be used in various applications, such as smartphones, laptops, tablets, and wearables.
Many companies are developing new and advanced smart sensors that combine microcontrollers in a single package. Modern technologies, such as AI (Artificial Intelligence) and IoT, enable this combination within small packaging. For instance, Bosch Sensortec's BHA250 can combine a 32-bit microcontroller with a 14-bit acceleration sensor in a 2.2 x 2.2 x 0.95 mm3 package. Further, the TE Connectivity company has integrated sensors with connectors to pack functionality into a small space. These developments in smart sensor technology are positively impacting the smart sensor market growth. With the growth in the consumer electronic industry, such as in smart beverage vending machines, smart home automation systems, simple computers, digital assistants (such as Alexa), and human wearable devices, the demand for smart sensors has increased in the smart sensor market. Traditional consumer products, such as laptops, smartphones, and televisions, continue to exceed expectations as consumers continue to adopt new and emerging products, including wearables, voice-activated smart speakers, and smart home devices.
According to multiple studies, tens of billions of IoT devices will connect to the Internet in the coming years, which will greatly impact the smart sensors market. COVID-19 is driving urban resilience and digital transformation strategy agendas as city governments adjust to a new reality.
Impact of COVID-19 Pandemic on Smart Sensor Market
Impact of COVID-19 Pandemic on Smart Sensor Market
The emergence of COVID-19 has brought the need to harness and leverage digital infrastructure for remote patient monitoring into sharp focus. Due to the slow development of current viral tests and vaccines, it has been determined that a greater need exists for more robust disease detection and monitoring of individual and population health, which wearable sensors could aid. While the utility of this technology has been used to correlate physiological metrics to daily living and human performance, it is still necessary to apply it to predict the occurrence of COVID-19.
The growing demand for energy-saving devices is driving up market demand for smart sensors in the smart sensors market in North America. Companies are shifting towards energy-efficient energy-saving equipment, as the changing scenario necessitates energy-efficient equipment and products. Further, sensor demand in the smart sensor market has increased across a variety of industries with the lifting of governments' stringent regulations, which are gaining traction in automation industries. In addition, the demand for sensors in the automotive sector is being driven by the desire to reduce the average weight of a car. Lightweight automobiles aid in both fuel efficiency and energy optimization.
Smart Sensor Market Report Scope
Smart Sensor Market Segmentation
Based on technology, the smart sensor market is segmented into MEMS, CMOS, and Others. In 2021, the MEMS segment led the market. Based on type, the smart sensor market is segmented into temperature & humidity sensors, pressure sensors, motion sensors, position sensors, and others. In 2021, the temperature & humidity sensors segment accounted for the largest market share. Based on end-use industry, the smart sensor market is segmented into consumer electronics, automotive, healthcare, manufacturing, retail, and others.
Analog Devices Inc., Infineon Technologies Inc., STMicroelectronics, TE Connectivity, Microchip Technologies, NXP Semiconductor, Siemens AG, ABB Ltd., Robert Bosch GmbH, and Honeywell International are among the key smart sensor market players. In addition to these, several other players were analyzed to understand the overall dynamics of the global smart sensor market.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Technology, Type, and End-use Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The Internet of Things (IoT) has accelerated the evolution of sensors to new heights. With the industry 4.0-powered cyber-physical transformation of manufacturing industries, many production facilities are taking up smart sensors. IoT platforms use a variety of sensors to deliver intelligence and data, allowing devices to function autonomously and the entire ecosystem to become more intelligent. Devices share information and improve their efficiency and functionality by combining a set of sensors and a communication network. The demand for IoT is growing in various industrial verticals, which, in turn, is supporting the growth of the smart sensor market.
In 2021, the market for temperature & humidity sensors held the largest market share. The demand for dependable, high-performance, low-cost sensors is growing, fueling the development of new technologies such as micro-and nanotechnology. Stick-on or printed sensors can be attached to equipment as labels to measure physical factors such as humidity, temperature, and gas pressure. Because of their inexpensive cost, compact size, and ease of use, the sensors are widely used in various sectors, including automobiles, homes, medical devices, the environment, food processing, and chemical. A temperature sensor's primary application is in a smart thermostat, a smart home device. Because of significant consumer interest, incremental technology breakthroughs, and increased accessibility, the total market for smart homes is expected to expand fast. Analog Devices, Inc., STMicroelectronics, TE Connectivity Corporation, Microchip Technology Inc., NXP Semiconductors, and other firms provide a wide range of temperature and humidity sensors to the global market.
MEMS is expected to dominate the smart sensor market during the forecast period. MEMS uses small miniaturized electromechanical and mechanical systems of actuators, sensors, and microelectronics. This technology is expected to continue to dominate the market for smart sensors in the coming years and to be the fastest-growing technology during the forecast period, owing to the numerous benefits it provides, including fast operations, high reliability, improved accuracy, easy maintenance, and replacement, and low energy and material consumption. This technology enables the sensor to perform intelligently by allowing them to store a significant quantity of data in the blink of an eye. The typical data obtained by the sensor is processed by the microprocessor, which erases or saves the data based on an advanced computation. The primary benefits of MEMS technology are reduced energy and material consumption, higher repeatability, increased accuracy, and increased sensitivity and selectivity. The MEMS segment is expected to have the most significant CAGR during the anticipated period. It is due to the increased use of IoT and wearable devices such as smartwatches. Smartwatches include tiny sensors, which contributes to an increase in the demand for MEMS technology for use in these devices. As a result, rising sales of smartwatches are likely to increase demand for MEMS technology throughout the forecasted period. Furthermore, the growing preference for smart homes would fuel the need for MEMS technology throughout the forecast period.
Many automotive manufacturers are coming up with new intelligent vehicles. They are more inclined toward cutting-edge smart sensors. APAC is expected to be the most important market for smart sensors vendors over the coming years in the automotive, infrastructure, consumer electronics, and pharmaceuticals industries, with China, India, and Japan demonstrating a significantly high demand. As the global manufacturing hub for various industries, including semiconductor and automotive, which produce home appliances, smartphones, computers, and peripheral devices, China's manufacturing sector has seen massive growth over the last few years. As a result, an enormous increase in the production and sale of sensing devices can be seen in this region. Long-range low-power wide-area network (LPWAN) technologies, such as NB-IoT, LoRa, LTE-M, and Sigfox, are fueling IoT vehicle connectivity innovation. LPWANs for IoT sensors allow low-power devices to wirelessly stream data packets over longer distances, as required in the automotive industry.
APAC dominated the smart sensor market in 2020. The APAC's vertical growth in the automotive, infrastructure, consumer electronics, and pharmaceuticals industries has positively impacted the smart sensor market. As the global manufacturing hub for various industries, such as semiconductor—which produces home appliances, smartphones, computers, and peripheral devices—and automotive, China's and India’s manufacturing sectors have seen massive growth. Consequently, an enormous increase in the sale and production of sensing devices can be seen in APAC. The growing population, low cost of smart sensors, the prominent existence of several manufacturing facilities, and rapid technological advancements in emerging markets are further contributing to the growth of the APAC smart sensor market.
Best-in-class sensors are highly secure and designed for indoor occupant analytics and energy savings, providing unprecedented precision in occupant detection, count, and movements and accurate reading of ambient lighting and motion sensing. These smart sensors can work as standalone devices or be integrated into other infrastructure appliances, such as thermostats or lighting fixtures, in keeping with the edge computing approach. As these intelligent building sensors can perform all analytics in-house, images are never stored or transmitted over the network, ensuring that occupants' privacy is fully protected. Biosensors and electronic, chemical, and smart grid sensors are in high demand in smart cities.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Smart Sensor Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Smart Sensor Market– Key Market Dynamics
5.1 Market Drivers
5.1.1 Extensive adoption of Smart Sensors in IoT-based Devices and Consumer Electronics
5.1.2 Growing Popularity of Smart Sensors in Industrial Automation
5.2 Market Restraints
5.2.1 High Cost and Less Lifespan of Device
5.3 Market Opportunities
5.3.1 Development of Smart Cities
5.4 Future Trends
5.4.1 Emergence of Autonomous Vehicles and Advancements of Technologies
5.4.2 Rising Inclination of Smart Sensors in Biomedical Applications
5.5 Impact Analysis of Drivers and Restraints
6. Smart Sensor Market – Global Market Analysis
6.1 Global Smart Sensor Market Overview
6.2 Global Smart Sensor Market Forecast and Analysis
6.3 Market Positioning – Five Key Players
7. Smart Sensor Market Analysis – By Type
7.1 Overview
7.2 Smart Sensor Market, By Type (2020 and 2028)
7.3 Temperature & Humidity Sensors
7.3.1 Overview
7.3.2 Temperature & Humidity Sensors: Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Pressure Sensors
7.4.1 Overview
7.4.2 Pressure Sensors: Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Motion Sensors
7.5.1 Overview
7.5.2 Motion Sensors: Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Position Sensors
7.6.1 Overview
7.6.2 Position Sensors: Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
8. Smart Sensor Market – By Technology
8.1 Overview
8.2 Smart Sensor Market, By Technology (2020 and 2028)
8.3 MEMS
8.3.1 Overview
8.3.2 MEMS: Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
8.4 CMOS
8.4.1 Overview
8.4.2 CMOS: Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
9. Smart Sensor Market – By End-Use Industry
9.1 Overview
9.2 Smart Sensor Market, By End-Use Industry (2020 and 2028)
9.3 Consumer Electronics
9.3.1 Overview
9.3.2 Consumer Electronics: Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Automotive
9.4.1 Overview
9.4.2 Automotive: Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Healthcare
9.5.1 Overview
9.5.2 Healthcare: Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Manufacturing
9.6.1 Overview
9.6.2 Manufacturing: Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Retail
9.7.1 Overview
9.7.2 Retail: Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 Others: Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
10. Smart Sensors Market– Geographic Analysis
10.1 Overview
10.2 North America: Smart Sensors Market
10.2.1 Overview
10.2.2 North America: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
10.2.3 North America: Smart Sensors Market- by Type
10.2.4 North America: Smart Sensors Market- By Technology
10.2.5 North America: Smart Sensors Market- By End-Use Industry
10.2.6 North America: Smart Sensors Market- by Key Country
10.2.6.1 US: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
10.2.6.1.1 US: Smart Sensors Market– By Type - Revenue and Forecast to 2028 (US$ Million)
10.2.6.1.2 US: Smart Sensors Market- By Technology
10.2.6.1.3 US: Smart Sensors Market- By End-Use Industry
10.2.6.2 Canada: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
10.2.6.2.1 Canada: Smart Sensors Market– By Type
10.2.6.2.2 Canada: Smart Sensors Market- By Technology
10.2.6.2.3 Canada: Smart Sensors Market- By End-Use Industry
10.2.6.3 Mexico: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
10.2.6.3.1 Mexico: Smart Sensors Market- by Type
10.2.6.3.2 Mexico: Smart Sensors Market- By Technology
10.2.6.3.3 Mexico: Smart Sensors Market- By End-Use Industry
10.3 Europe: Smart Sensors Market
10.3.1 Overview
10.3.2 Europe: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
10.3.3 Europe: Smart Sensors Market- by Type
10.3.4 Europe: Smart Sensors Market- By Technology
10.3.5 Europe: Smart Sensors Market- By End-Use Industry
10.3.6 Europe: Smart Sensors Market- by Key Country
10.3.6.1 Germany: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
10.3.6.1.1 Germany: Smart Sensors Market- by Type
10.3.6.1.2 Germany: Smart Sensors Market- By Technology
10.3.6.1.3 Germany: Smart Sensors Market- By End-Use Industry
10.3.6.2 France: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
10.3.6.2.1 France: Smart Sensors Market- by Type
10.3.6.2.2 France: Smart Sensors Market- By Technology
10.3.6.2.3 France: Smart Sensors Market- By End-Use Industry
10.3.6.3 Italy: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
10.3.6.3.1 Italy: Smart Sensors Market- by Type
10.3.6.3.2 Italy: Smart Sensors Market- By Technology
10.3.6.3.3 Italy: Smart Sensors Market- By End-Use Industry
10.3.6.4 UK: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
10.3.6.4.1 UK: Smart Sensors Market- by Type
10.3.6.4.2 UK: Smart Sensors Market- By Technology
10.3.6.4.3 UK: Smart Sensors Market- By End-Use Industry
10.3.6.5 Russia: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
10.3.6.5.1 Russia: Smart Sensors Market- by Type
10.3.6.5.2 Russia: Smart Sensors Market- By Technology
10.3.6.5.3 Russia: Smart Sensors Market- By End-Use Industry
10.3.6.6 Rest of Europe: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
10.3.6.6.1 Rest of Europe: Smart Sensors Market- by Type
10.3.6.6.2 Rest of Europe: Smart Sensors Market- By Technology
10.3.6.6.3 Rest of Europe: Smart Sensors Market- By End-Use Industry
10.4 APAC: Smart Sensors Market
10.4.1 Overview
10.4.2 APAC: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
10.4.3 APAC: Smart Sensors Market- by Type
10.4.4 APAC: Smart Sensors Market- By Technology
10.4.5 APAC: Smart Sensors Market- By End-Use Industry
10.4.6 APAC: Smart Sensors Market- by Key Country
10.4.6.1 Australia: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
10.4.6.1.1 Australia: Smart Sensors Market- by Type
10.4.6.1.2 Australia: Smart Sensors Market- By Technology
10.4.6.1.3 Australia: Smart Sensors Market- By End-Use Industry
10.4.6.2 China: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
10.4.6.2.1 China: Smart Sensors Market- by Type
10.4.6.2.2 China: Smart Sensors Market- By Technology
10.4.6.2.3 China: Smart Sensors Market- By End-Use Industry
10.4.6.3 India: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
10.4.6.3.1 India: Smart Sensors Market- by Type
10.4.6.3.2 India: Smart Sensors Market- By Technology
10.4.6.3.3 India: Smart Sensors Market- By End-Use Industry
10.4.6.4 Japan: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
10.4.6.4.1 Japan: Smart Sensors Market- by Type
10.4.6.4.2 Japan: Smart Sensors Market- By Technology
10.4.6.4.3 Japan: Smart Sensors Market- By End-Use Industry
10.4.6.5 South Korea: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
10.4.6.5.1 South Korea: Smart Sensors Market- by Type
10.4.6.5.2 South Korea: Smart Sensors Market- By Technology
10.4.6.5.3 South Korea: Smart Sensors Market- By End-Use Industry
10.4.6.6 Rest of APAC: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
10.4.6.6.1 Rest of APAC: Smart Sensors Market- by Type
10.4.6.6.2 Rest of APAC: Smart Sensors Market- By Technology
10.4.6.6.3 Rest of APAC: Smart Sensors Market- By End-Use Industry
10.5 MEA: Smart Sensors Market
10.5.1 Overview
10.5.2 MEA: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
10.5.3 MEA: Smart Sensors Market- by Type
10.5.4 MEA: Smart Sensors Market- By Technology
10.5.5 MEA: Smart Sensors Market- By End-Use Industry
10.5.6 MEA: Smart Sensors Market- by Key Country
10.5.6.1 South Africa: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
10.5.6.1.1 South Africa: Smart Sensors Market- by Type
10.5.6.1.2 South Africa: Smart Sensors Market- By Technology
10.5.6.1.3 South Africa: Smart Sensors Market- By End-Use Industry
10.5.6.2 Saudi Arabia: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
10.5.6.2.1 Saudi Arabia: Smart Sensors Market- by Type
10.5.6.2.2 Saudi Arabia: Smart Sensors Market- By Technology
10.5.6.2.3 Saudi Arabia: Smart Sensors Market- By End-Use Industry
10.5.6.3 UAE: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
10.5.6.3.1 UAE: Smart Sensors Market- by Type
10.5.6.3.2 UAE: Smart Sensors Market- By Technology
10.5.6.3.3 UAE: Smart Sensors Market- By End-Use Industry
10.5.6.4 Rest of MEA: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
10.5.6.4.1 Rest of MEA: Smart Sensors Market- by Type
10.5.6.4.2 Rest of MEA: Smart Sensors Market- By Technology
10.5.6.4.3 Rest of MEA: Smart Sensors Market- By End-Use Industry
10.6 SAM: Smart Sensors Market
10.6.1 Overview
10.6.2 SAM: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
10.6.3 SAM: Smart Sensors Market- by Type
10.6.4 SAM: Smart Sensors Market- By Technology
10.6.5 SAM: Smart Sensors Market- By End-Use Industry
10.6.6 SAM: Smart Sensors Market- by Key Country
10.6.6.1 Brazil: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
10.6.6.1.1 Brazil: Smart Sensors Market- by Type
10.6.6.1.2 Brazil: Smart Sensors Market- By Technology
10.6.6.1.3 Brazil: Smart Sensors Market- By End-Use Industry
10.6.6.2 Argentina: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
10.6.6.2.1 Argentina: Smart Sensors Market- by Type
10.6.6.2.2 Argentina: Smart Sensors Market- By Technology
10.6.6.2.3 Argentina: Smart Sensors Market- By End-Use Industry
10.6.6.3 Rest of SAM: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
10.6.6.3.1 Rest of SAM: Smart Sensors Market- by Type
10.6.6.3.2 Rest of SAM: Smart Sensors Market- By Technology
10.6.6.3.3 Rest of SAM: Smart Sensors Market- By End-Use Industry
11. Smart Sensor Market - Covid-19 Impact Analysis
11.1 Overview
11.2 Impact of COVID-19 Pandemic on Global Smart Sensor Market
11.2.1 North America: Impact Assessment of COVID-19 Pandemic
11.2.2 Europe: Impact Assessment of COVID-19 Pandemic
11.2.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.2.4 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
11.2.5 South America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 Analog Devices, Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 INFINEON TECHNOLOGIES AG
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 STMicroelectronics
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 TE Connectivity Corporation
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Microchip Technology Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 NXP Semiconductors
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Siemens
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Robert Bosch GmbH
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 ABB Ltd
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Honeywell International Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Global Smart Sensor Market, Revenue and Forecast, 2019–2028 (US$ Mn)
Table 2. North America: Smart Sensors Market- by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Smart Sensors Market- By Technology – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Smart Sensors Market- By End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Smart Sensors Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Smart Sensors Market- By Technology –Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Smart Sensors Market- By End-Use Industry –Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Smart Sensors Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Smart Sensors Market- By Technology –Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Smart Sensors Market- By End-Use Industry –Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico: Smart Sensors Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: Smart Sensors Market- By Technology –Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: Smart Sensors Market- By End-Use Industry –Revenue and Forecast to 2028 (US$ Million)
Table 14. Europe: Smart Sensors Market- by Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Europe: Smart Sensors Market- By Technology – Revenue and Forecast to 2028 (US$ Million)
Table 16. Europe: Smart Sensors Market- By End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 17. Germany: Smart Sensors Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 18. Germany: Smart Sensors Market- By Technology –Revenue and Forecast to 2028 (US$ Million)
Table 19. Germany: Smart Sensors Market- By End-Use Industry –Revenue and Forecast to 2028 (US$ Million)
Table 20. France: Smart Sensors Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 21. France: Smart Sensors Market- By Technology –Revenue and Forecast to 2028 (US$ Million)
Table 22. France: Smart Sensors Market- By End-Use Industry –Revenue and Forecast to 2028 (US$ Million)
Table 23. Italy: Smart Sensors Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 24. Italy: Smart Sensors Market- By Technology –Revenue and Forecast to 2028 (US$ Million)
Table 25. Italy: Smart Sensors Market- By End-Use Industry –Revenue and Forecast to 2028 (US$ Million)
Table 26. UK: Smart Sensors Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 27. UK: Smart Sensors Market- By Technology –Revenue and Forecast to 2028 (US$ Million)
Table 28. UK: Smart Sensors Market- By End-Use Industry –Revenue and Forecast to 2028 (US$ Million)
Table 29. Russia: Smart Sensors Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 30. Russia: Smart Sensors Market- By Technology –Revenue and Forecast to 2028 (US$ Million)
Table 31. Russia: Smart Sensors Market- By End-Use Industry –Revenue and Forecast to 2028 (US$ Million)
Table 32. Rest of Europe: Smart Sensors Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 33. Rest of Europe: Smart Sensors Market- By Technology –Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of Europe: Smart Sensors Market- By End-Use Industry –Revenue and Forecast to 2028 (US$ Million)
Table 35. APAC: Smart Sensors Market- by Type – Revenue and Forecast to 2028 (US$ Million)
Table 36. APAC: Smart Sensors Market- By Technology – Revenue and Forecast to 2028 (US$ Million)
Table 37. APAC: Smart Sensors Market- By End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 38. Australia: Smart Sensors Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 39. Australia: Smart Sensors Market- By Technology –Revenue and Forecast to 2028 (US$ Million)
Table 40. Australia: Smart Sensors Market- By End-Use Industry –Revenue and Forecast to 2028 (US$ Million)
Table 41. China: Smart Sensors Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 42. China: Smart Sensors Market- By Technology –Revenue and Forecast to 2028 (US$ Million)
Table 43. China: Smart Sensors Market- By End-Use Industry –Revenue and Forecast to 2028 (US$ Million)
Table 44. India: Smart Sensors Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 45. India: Smart Sensors Market- By Technology –Revenue and Forecast to 2028 (US$ Million)
Table 46. India: Smart Sensors Market- By End-Use Industry –Revenue and Forecast to 2028 (US$ Million)
Table 47. Japan: Smart Sensors Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 48. Japan: Smart Sensors Market- By Technology –Revenue and Forecast to 2028 (US$ Million)
Table 49. Japan: Smart Sensors Market- By End-Use Industry –Revenue and Forecast to 2028 (US$ Million)
Table 50. South Korea: Smart Sensors Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 51. South Korea: Smart Sensors Market- By Technology –Revenue and Forecast to 2028 (US$ Million)
Table 52. South Korea: Smart Sensors Market- By End-Use Industry –Revenue and Forecast to 2028 (US$ Million)
Table 53. Rest of APAC: Smart Sensors Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 54. Rest of APAC: Smart Sensors Market- By Technology –Revenue and Forecast to 2028 (US$ Million)
Table 55. Rest of APAC: Smart Sensors Market- By End-Use Industry –Revenue and Forecast to 2028 (US$ Million)
Table 56. MEA: Smart Sensors Market- by Type – Revenue and Forecast to 2028 (US$ Million)
Table 57. MEA: Smart Sensors Market- By Technology – Revenue and Forecast to 2028 (US$ Million)
Table 58. MEA: Smart Sensors Market- By End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 59. South Africa: Smart Sensors Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 60. South Africa: Smart Sensors Market- By Technology –Revenue and Forecast to 2028 (US$ Million)
Table 61. South Africa: Smart Sensors Market- By End-Use Industry –Revenue and Forecast to 2028 (US$ Million)
Table 62. Saudi Arabia: Smart Sensors Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 63. Saudi Arabia: Smart Sensors Market- By Technology –Revenue and Forecast to 2028 (US$ Million)
Table 64. Saudi Arabia: Smart Sensors Market- By End-Use Industry –Revenue and Forecast to 2028 (US$ Million)
Table 65. UAE: Smart Sensors Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 66. UAE: Smart Sensors Market- By Technology –Revenue and Forecast to 2028 (US$ Million)
Table 67. UAE: Smart Sensors Market- By End-Use Industry –Revenue and Forecast to 2028 (US$ Million)
Table 68. Rest of MEA: Smart Sensors Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 69. Rest of MEA: Smart Sensors Market- By Technology –Revenue and Forecast to 2028 (US$ Million)
Table 70. Rest of MEA: Smart Sensors Market- By End-Use Industry –Revenue and Forecast to 2028 (US$ Million)
Table 71. SAM: Smart Sensors Market- by Type – Revenue and Forecast to 2028 (US$ Million)
Table 72. SAM: Smart Sensors Market- By Technology – Revenue and Forecast to 2028 (US$ Million)
Table 73. SAM: Smart Sensors Market- By End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 74. Brazil: Smart Sensors Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 75. Brazil: Smart Sensors Market- By Technology –Revenue and Forecast to 2028 (US$ Million)
Table 76. Brazil: Smart Sensors Market- By End-Use Industry –Revenue and Forecast to 2028 (US$ Million)
Table 77. Argentina: Smart Sensors Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 78. Argentina: Smart Sensors Market- By Technology –Revenue and Forecast to 2028 (US$ Million)
Table 79. Argentina: Smart Sensors Market- By End-Use Industry –Revenue and Forecast to 2028 (US$ Million)
Table 80. Rest of SAM: Smart Sensors Market- by Type–Revenue and Forecast to 2028 (US$ Million)
Table 81. Rest of SAM: Smart Sensors Market- By Technology –Revenue and Forecast to 2028 (US$ Million)
Table 82. Rest of SAM: Smart Sensors Market- By End-Use Industry –Revenue and Forecast to 2028 (US$ Million)
Table 83. List of Abbreviation
LIST OF FIGURES
Figure 1. Smart Sensor Market Segmentation
Figure 2. Smart Sensor Market Segmentation - Geography
Figure 3. Smart Sensor Market Overview
Figure 4. Smart Sensor Market, By Technology
Figure 5. Smart Sensor Market, By Type
Figure 6. Smart Sensor Market, By End-Use Industry
Figure 7. Smart Sensor Market, By Geography
Figure 8. North America: PEST Analysis
Figure 9. Europe: PEST Analysis
Figure 10. APAC: PEST Analysis
Figure 11. MEA: PEST Analysis
Figure 12. SAM: PEST Analysis
Figure 13. Smart Sensor Market Ecosystem Analysis
Figure 14. Expert Opinion
Figure 15. Smart sensor Market Impact Analysis of Drivers and Restraints
Figure 16. Global Smart Sensor Market
Figure 17. Global Smart Sensor Market, Forecast and Analysis (US$ Mn)
Figure 18. Smart Sensor Market Revenue Share, By Type (2020 and 2028)
Figure 19. Temperature & Humidity Sensors: Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Pressure Sensors: Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Motion Sensors: Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Position Sensors: Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Others: Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Smart Sensor Market Revenue Share, By Technology (2020 and 2028)
Figure 25. MEMS: Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. CMOS: Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Others: Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Smart Sensor Market Revenue Share, By End-Use Industry (2020 and 2028)
Figure 29. Consumer Electronics: Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Automotive: Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Healthcare: Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Manufacturing: Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Retail: Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Others: Smart Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Smart Sensors Market Revenue Share, By Region (2020 and 2028)
Figure 36. North America: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
Figure 37. North America: Smart Sensors Market Revenue Share, by Type (2020 and 2028)
Figure 38. North America: Smart Sensors Market Revenue Share, By Technology (2020 and 2028)
Figure 39. North America: Smart Sensors Market Revenue Share, By End-Use Industry (2020 and 2028)
Figure 40. North America: Smart Sensors Market Revenue Share, by Key Country (2020 and 2028)
Figure 41. US: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
Figure 42. Canada: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
Figure 43. Mexico: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
Figure 44. Europe: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
Figure 45. Europe: Smart Sensors Market Revenue Share, By Type (2020 and 2028)
Figure 46. Europe: Smart Sensors Market Revenue Share, By Technology (2020 and 2028)
Figure 47. Europe: Smart Sensors Market Revenue Share, By End-Use Industry (2020 and 2028)
Figure 48. Europe: Smart Sensors Market Revenue Share, By Key Country (2020 and 2028)
Figure 49. Germany: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
Figure 50. France: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
Figure 51. Italy: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
Figure 52. UK: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
Figure 53. Russia: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
Figure 54. Rest of Europe: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
Figure 55. APAC: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
Figure 56. APAC: Smart Sensors Market Revenue Share, By Type (2020 and 2028)
Figure 57. APAC: Smart Sensors Market Revenue Share, By Technology (2020 and 2028)
Figure 58. APAC: Smart Sensors Market Revenue Share, By End-Use Industry (2020 and 2028)
Figure 59. APAC: Smart Sensors Market Revenue Share, By Key Country (2020 and 2028)
Figure 60. Australia: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
Figure 61. China: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
Figure 62. India: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
Figure 63. Japan: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
Figure 64. South Korea: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
Figure 65. Rest of APAC: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
Figure 66. MEA: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
Figure 67. MEA: Smart Sensors Market Revenue Share, By Type (2020 and 2028)
Figure 68. MEA: Smart Sensors Market Revenue Share, By Technology (2020 and 2028)
Figure 69. MEA: Smart Sensors Market Revenue Share, By End-Use Industry (2020 and 2028)
Figure 70. MEA: Smart Sensors Market Revenue Share, By Key Country (2020 and 2028)
Figure 71. South Africa: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
Figure 72. Saudi Arabia: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
Figure 73. UAE: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
Figure 74. Rest of MEA: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
Figure 75. SAM: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
Figure 76. SAM: Smart Sensors Market Revenue Share, By Type (2020 and 2028)
Figure 77. SAM: Smart Sensors Market Revenue Share, By Technology (2020 and 2028)
Figure 78. SAM: Smart Sensors Market Revenue Share, By End-Use Industry (2020 and 2028)
Figure 79. SAM: Smart Sensors Market Revenue Share, By Key Country (2020 and 2028)
Figure 80. Brazil: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
Figure 81. Argentina: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
Figure 82. Rest of SAM: Smart Sensors Market– Revenue and Forecast to 2028 (US$ Million)
Figure 83. Impact of COVID-19 Pandemic in North American Country Markets
Figure 84. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 85. Impact of COVID-19 Pandemic in Middle East & Africa Country Markets
The List of Companies - Smart Sensor Market
- Analog Devices Inc.
- Infineon Technologies Inc.
- STMicroelectronics
- TE Connectivity
- Microchip Technologies
- NXP Semiconductor
- Siemens AG
- ABB Ltd.
- Robert Bosch GmbH
- Honeywell International Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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