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Analog Devices, Inc. and Infineon Technologies AG are Top 2 players in the Smart Sensor Market
The smart sensor market is expected to grow from USD 18.58 Billion in 2015 to USD 57.77 Billion by 2022, at a CAGR of 18.1% between 2016 and 2022. In the recent years, the use of smart sensors has become a significant part of digital and smart devices among various end-user industries in the market. The smart sensor market is primarily driven by factors such as the growing global concern toward security & surveillance, increasing need for energy-efficient devices, growing consumer electronics sector, surge in automotive industry on a global basis, increasing number of government initiatives, , and growing trend of miniaturization in sensors.
Some of the major market players in the smart sensor market are Analog Devices, Inc. (U.S.), Infineon Technologies AG (Germany), STMicroelectronics N.V. (Switzerland), TE Connectivity, Inc. (U.S.), Atmel Corporation (U.S.), NXP Semiconductors N.V. (Netherlands), ABB Ltd. (Switzerland), Siemens AG (Germany), InvenSense, Inc. (U.S.), Robert Bosch GmbH (Germany), Honeywell International, Inc. (U.S.), Eaton Corporation Plc (Ireland), Emerson Electric Company (U.S.), General Electric Company (U.S.), Legrand S.A. (France), and Sensirion AG (Switzerland).
Top 2 players in the smart sensor market:
Analog Devices, Inc. offers a broad portfolio of high-performance analog, mixed signal, and digital signal processing (DSP) integrated circuits (ICs). The company has a strong market position in almost all the industries in which it operates and a well-balanced revenue generation from all its business segments. This strong position of the company in various markets provides the company a competitive advantage. The company operates in all the geographic regions and earned a large share of its revenue from the Americas (42%) as of 2015. In terms of its key business strategies in the smart sensor market, new product development plays a major role. For instance, in 2015, the company introduced a highly integrated four-channel, 24-GHz receiver down converter MMIC with the combination of low-noise performance, high linearity, and low power consumption. The ADF5904 also incorporates an integrated temperature sensor that eliminates the need for discrete sensing components. In 2014, Analog Devices, Inc. (U.S.) introduced the first and only MEMS gyroscope designed to withstand temperatures of up to 175° Celsius which is commonly encountered by oil and gas drilling equipment.
Infineon Technologies AG designs and manufactures semiconductors and complete system solutions to sell to multiple electronics designers and manufacturers worldwide. The company has a strong market position in almost all the industries in which it operates, which gives the company a competitive edge in the market. The company earned a large share of its revenue from APAC (46%) as of 2015. In terms of key business strategies of Infineon Technologies AG in the smart sensor market, new product development plays a major role. For instance, in 2015, the company introduced the new 3D image sensor chips, REAL3 associated with PMDtechnologies GmbH (Germany). It also launched Industry 4.0 and expanded its production capacity in Austria. This has enabled the company to strengthen its power management and multimarket portfolio and expand its product offering in the European region. Moreover, the company has a strong geographic spread. It currently has operations in more than 175 locations which include production sites, R&D centers, representative offices, sales offices and other offices.
Smart Sensor Market by Type (Temperature & Humidity, Pressure, Touch, Motion & Occupancy, Water, Position, Light), Technology (MEMS, CMOS), Component (ADC, DAC, Microcontroller), Connectivity, End-User Industry and Geography - Global Trends and Forecast to 2022
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