According to a report “Smart Sensor Market by Product, Industry
Trends, Estimation, and Forecast” sales of intelligent sensors, valued
at $20.75 billion in 2016, are projected to reach $81.99 billion by 2024,
growing at a CAGR of 18. 9 percent from 2017 to 2024.
In 2016, image sensors comprised the largest part of the smart
sensor market with sales of $5.38 billion. They are projected to
grow at a CAGR of 17.5 percent during the forecast period.
Over the forecast period through 2024, the highest CAGR will be exhibited by
smart temperature sensors, at 20 percent. This is because of the considerable
increase in the demand for smart and automotive temperature systems and a
considerable growth of HVAC system market. Innovative technical
advancements will flourish for smart temperature sensor technology as an
integral part of various smart city and automotive temperature control systems.
For more information, visit https://www.esticastresearch.com/market-reports/smart-sensor-market
Source: Esticast Research & Consulting
2016 2017 2018 2019 2020 2021 2024 2022 2023
i o n ) Market by End User 2016-2024