The global market for smart transducers should grow from $375 million in 2021 to $551.8 million by 2026, at a CAGR of 8% for the period of 2021-2026.
- North America's market for smart transducers should grow from $143.4 million in 2021 to $200.2 million by 2026, at a CAGR of 6.9% for the period of 2021-2026.
- APAC's market for smart transducers should grow from $89.9 million in 2021 to $132.4 million by 2026, at a CAGR of 10.7% for the period of 2021-2026.
This report provides an overview of the global market for smart transducers and analyzes market trends. Using 2020 as the base year, the report provides estimated market data for the forecast period 2021 through 2026. Revenue forecasts for this period are segmented based on type, format, operation, application, end-user, and region.
The report also focuses on the major driving trends and challenges that affect the market and the vendor landscape. The report explains the current trends in the smart transducers market. The report concludes with detailed profiles of the major players in the global smart transducers market.
Report Includes:
- 29 data tables and 22 additional tables
- An overview of the global markets for smart transducer technologies within the instrumentation industry
- Analyses of the global market trends, with historic data from 2020, market estimation for 2021, 2022 and 2024, and projections of compound annual growth rates (CAGRs) through 2026
- Evaluation of the current and potential market size and revenue forecast for smart transducers, and corresponding market share analysis by transducer type, variety, operation, application, end user industry, and geographic region
- Highlights of the key market dynamics (DROs), industry structure, regulatory landscape, and COVID-19 impact assessment on the progress of this market
- Detailed review of the current market scenario for smart or intelligent transducers, industry value chain analysis, and the future direction of this market
- Porter’s five forces analysis of smart transducers market with each of the frameworks outlined and graphically depicted
- Review of the patents released/granted in the recent years for smart transducers systems
- Insight into the recent industry activities, competitive benchmarking of key players in the market, and their company share analysis
- Descriptive company profiles of the leading market participants, including Ametek Inc., Hitachi Ltd., Honeywell International Inc., Siemens AG and TE Connectivity Ltd.
Table of Contents
Chapter 1 Introduction
- Study Goals and Objectives
- Reasons for Doing the Study
- Scope of Report
- Intended Audiences
- Information Sources
- Methodology
- Geographic Breakdown
- Analyst's Credentials
- Custom Research
- Related Reports
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
- Value Chain Analysis
- Industry Overview
- Configuration Support
- Communications in Smart Transducer Networks
- Computer-aided Configuration
- OMG Smart Transducer Interface Standard Description
- Future of Smart Transducers
- Impact of COVID-19
- Market Drivers
- Market Restraints and Challenges
- Market Opportunities
- Porter's Five Forces Analysis
- Power of Suppliers
- Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Degree of Competition
- Patent Analysis
Chapter 4 Market Breakdown by Type
- Introduction
- Active Transducers
- Passive Transducers
Chapter 5 Market Breakdown by Format
- Introduction
- Analog Smart Transducers
- Digital Smart Transducers
Chapter 6 Market Breakdown by Operation
- Introduction
- Mechanical Transducers
- Electrical Transducers
Chapter 7 Market Breakdown by Application
- Introduction
- Electromagnetic
- Electromechanical
- Electrochemical
- Electroacoustic
- Photoelectric
- Thermoelectric
- Radio Acoustic
Chapter 8 Market Breakdown by End-User Industry
- Consumer Electronics
- Telecommunications
- Industrial Manufacturing
- Healthcare and Biomedical
- Other Industries
Chapter 9 Market Breakdown by Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
Chapter 10 Competitive Landscape
- Market Share Analysis
Chapter 11 Company Profiles
- Airmar Technology Corp.
- Ametek Inc.
- Asg-Jergens Inc.
- Endevco Corp.
- Hitachi Ltd.
- Honeywell International Inc.
- Hottinger Bruel & Kjaer A/S
- Koninklijke Philips N.V.
- LEM International Sa
- Norbar Torque Tools Ltd.
- Raymarine Plc
- Siemens Ag
- Stellar Technology
- TE Connectivity Ltd.
List of Tables
Summary Table A: Dynamics of Smart Transducers Market
Summary Table B: Global Market for Smart Transducers, by Region, Through 2026
Table 1: Impact of Market Drivers
Table 2: Impact of Market Restraints and Challenges
Table 3: Impact of Market Opportunities
Table 4: Porter's Five Forces Analysis
Table 5: Comparison of Active and Passive Transducers
Table 6: Global Market for Smart Transducers, by Type, Through 2026
Table 7: Global Market for Active Transducers, by Region, Through 2026
Table 8: Global Market for Passive Transducers, by Region, Through 2026
Table 9: Comparison of Analog and Digital Transducers
Table 10: Global Market for Smart Transducers, by Format, Through 2026
Table 11: Global Market for Analog Transducers, by Region, Through 2026
Table 12: Global Market for Digital Transducers, by Region, Through 2026
Table 13: Global Market for Smart Transducers, by Operation, Through 2026
Table 14: Mechanical Transducers: Overview
Table 15: Global Market for Mechanical Transducers, by Region, Through 2026
Table 16: Electrical Transducers: Overview
Table 17: Global Market for Electrical Transducers, by Region, Through 2026
Table 18: Global Market for Smart Transducers, by Application, Through 2026
Table 19: Global Market for Smart Transducers in Electromagnetic Applications, by Region, Through 2026
Table 20: Global Market for Smart Transducers in Electromechanical Applications, by Region, Through 2026
Table 21: Global Market for Smart Transducers in Electrochemical Applications, by Region, Through 2026
Table 22: Global Market for Smart Transducers in Electroacoustic Applications, by Region, Through 2026
Table 23: Global Market for Smart Transducers in Photoelectric Applications, by Region, Through 2026
Table 24: Global Market for Smart Transducers in Thermoelectric Applications, by Region, Through 2026
Table 25: Global Market for Smart Transducers in Radio Acoustic Applications, by Region, Through 2026
Table 26: Global Market for Smart Transducers, by End-User Industry, Through 2026
Table 27: Global Market for Smart Transducers in Consumer Electronics Industry, by Region, Through 2026
Table 28: Global Market for Smart Transducers in Telecommunications Industry, by Region, Through 2026
Table 29: Global Market for Smart Transducers in Industrial Manufacturing Industry, by Region, Through 2026
Table 30: Global Market for Smart Transducers in Healthcare and Biomedical Industry, by Region, Through 2026
Table 31: Global Market for Smart Transducers in Other Industries, by Region, Through 2026
Table 32: Global Market for Smart Transducers, by Region, Through 2026
Table 33: North American Market for Smart Transducers, by Country, Through 2026
Table 34: European Market for Smart Transducers, by Country, Through 2026
Table 35: Asia-Pacific Market for Smart Transducers, by Country, Through 2026
Table 36: Rest of the World Market for Smart Transducers, by Sub-Region, Through 2026
Table 37: Airmar Technology: Product Portfolio
Table 38: Ametek: Product Portfolio
Table 39: ASG-Jergens: Product Portfolio
Table 40: Endevco: Product Portfolio
Table 41: Hitachi Ltd.: Product Portfolio
Table 42: Honeywell International: Product Portfolio
Table 43: Hottinger Bruel: Product Portfolio
Table 44: Koninklijke Philips: Product Portfolio
Table 45: LEM International SA: Product Portfolio
Table 46: Norbar Torque Tools: Product Portfolio
Table 47: FLIR Systems: Product Portfolio
Table 48: Siemens AG: Product Portfolio
Table 49: Stellar Technology: Product Portfolio
Table 50: TE Connectivity: Product Portfolio
List of Figures
Summary Figure: Global Market for Smart Transducers, 2020-2026
Figure 1: Value Chain of the Market for Smart Transducers
Figure 2: Classification of Transducers
Figure 3: Porter’s Five Forces Analysis of the Smart Transducers Market
Figure 4: Analysis of Power of Suppliers
Figure 5: Analysis of Power of Buyers
Figure 6: Analysis of Threat of New Entrants
Figure 7: Analysis of Threat of Substitutes
Figure 8: Degree of Competition Analysis
Figure 9: Patents for Smart Transducers, by Year, 2017-2020
Figure 10: Share of Patents for Smart Transducers, by Applicant Country, 2017-2020
Figure 11: Types of Active Transducers
Figure 12: Types of Passive Transducers
Figure 13: Global Market Shares of Smart Transducers, by Company, 2020
Figure 14: Hitachi Ltd.: Company Financials, 2018-2020
Figure 15: Hitachi Ltd.: Financials Share, by Business Segment, 2020
Figure 16: Hitachi Ltd.: Financials Share, by Region/Country, 2020
Figure 17: Honeywell International: Company Financials 2018-2020
Figure 18: Honeywell International: Financials Share, by Business Segment, 2020
Figure 19: Honeywell International: Financials Share, by Region/Country, 2020
Figure 20: Koninklijke Philips: Company Financials, 2018-2020
Figure 21: Koninklijke Philips: Revenue Share, by Business Segment, 2020
Figure 22: Koninklijke Philips N.V.: Revenue Share, by Geography, 2020
Figure 23: LEM International SA: Company Financials, 2018-2020
Figure 24: LEM International SA: Revenue Share, by Business Segment, 2020
Figure 25: LEM International SA: Revenue Share, by Region/Country, 2020
Figure 26: **FLIR Systems: Company Financials, 2018-2020
Figure 27: FLIR Systems: Revenue Share, by Business Segment, 2020
Figure 28: FLIR Systems: Revenue Share, by Region/Country, 2020
Figure 29: Siemens AG: Company Financials, 2018-2020
Figure 30: Siemens AG: Financials Share, by Business Segment, 2020
Figure 31: Siemens AG: Financials Share, by Region/Country, 2020
Figure 32: TE Connectivity: Company Financials, 2018-2020
Figure 33: TE Connectivity: Revenue Share, by Business Segment, 2020
Figure 34: TE Connectivity: Revenue Share, by Region, 2020
Executive Summary
With the adoption of the IEEE 1451 standard, the use of smart transducers has significantly increased in the industrial, medical and other applications, where control is being decentralized to the transducing site. Smart transducers are devices in a measurement environment that can carry out the core functions of transduction/actuation, signal conditioning, signal conversion, computation, control, memory and communication. Smart transducers also incorporate added functionalities such as self-identification, self-test/diagnostics, and automatic calibration and compensation. Many smart transducer systems are designed for mass-market applications, where low manufacturing costs are essential.
Reasons for Doing the Study:
This study provides an overview on the size of the markets at the global and regional levels, the market dynamics, and information about the key companies. This will help readers in their decision-making and strategic planning.
Companies Mentioned
- Airmar Technology Corp.
- Ametek Inc.
- ASG-Jergens Inc.
- Endevco Corp.
- Hitachi Ltd.
- Honeywell International Inc.
- Hottinger Bruel & Kjaer A/S
- Koninklijke Philips N.V.
- LEM International Sa
- Norbar Torque Tools Ltd.
- Raymarine Plc
- Siemens Ag
- Stellar Technology
- TE Connectivity Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 79 |
| Published | July 2021 |
| Forecast Period | 2021 - 2026 |
| Estimated Market Value ( USD | $ 375 Million |
| Forecasted Market Value ( USD | $ 551.8 Million |
| Compound Annual Growth Rate | 8.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 14 |
