The Asia Pacific smart sensors market is expected to grow from US$ 11,447.63 million in 2021 to US$ 29,862.68 million by 2028. It is estimated to grow at a CAGR of 14.7% from 2021 to 2028.
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 pharmaceutical industries, with China, India, and Japan demonstrating a significantly high demand. As the 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 the automotive industry requires.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the smart sensors market growth at a notable CAGR during the forecast period.
Companies Mentioned
Analog Devices, Inc.; INFINEON TECHNOLOGIES AG; ST Microelectronics; TE Connectivity Corporation; Microchip Technology Inc.; NXP Semiconductors; Siemens; Robert Bosch GmbH; ABB Ltd.; and Honeywell International Inc. are a few major companies operating in the regional market.
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 pharmaceutical industries, with China, India, and Japan demonstrating a significantly high demand. As the 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 the automotive industry requires.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the smart sensors market growth at a notable CAGR during the forecast period.
Asia Pacific Smart Sensors Market Segmentation
The Asia Pacific smart sensors market is segmented on the basis of technology, type, end-use industry, and country. By technology, the market is segmented into mems, CMOS, and others. Based on type, the market is segmented into temperature and humidity sensors, pressure sensors, motion, and others. Based on end-use industry, the market is divided into consumer electronics, automotive, healthcare, manufacturing, retail, and others. Based on country, the market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific.Companies Mentioned
Analog Devices, Inc.; INFINEON TECHNOLOGIES AG; ST Microelectronics; TE Connectivity Corporation; Microchip Technology Inc.; NXP Semiconductors; Siemens; Robert Bosch GmbH; ABB Ltd.; and Honeywell International Inc. are a few major companies operating in the regional market.
Table of Contents
1. Introduction
3. Research Methodology
4. Asia Pacific Smart Sensor Market Landscape
5. Asia Pacific Smart Sensor Market- Key Market Dynamics
6. Asia Pacific Smart Sensor Market -Country Market Analysis
7. Asia Pacific Smart Sensor Market Analysis - By Type
8. Asia Pacific Smart Sensor Market - By Technology
9. Asia Pacific Smart Sensor Market - By End-Use Industry
10. Asia Pacific Smart Sensors Market- Country Analysis
11. Industry Landscape
12. Company Profiles
13. Appendix
List of Figures
List of Tables
Companies Mentioned
- Analog Devices, Inc.
- INFINEON TECHNOLOGIES AG
- STMicroelectronics
- TE Connectivity Corporation
- Microchip Technology Inc.
- NXP Semiconductors
- Siemens
- Robert Bosch GmbH
- ABB Ltd
- Honeywell International Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 171 |
| Published | August 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 11447.63 Million |
| Forecasted Market Value ( USD | $ 29862.68 Million |
| Compound Annual Growth Rate | 14.7% |
| Regions Covered | Asia Pacific |
| No. of Companies Mentioned | 10 |
