Dallas, TX -- (SBWIRE) -- 04/02/2014 -- According to a new market research report “Smart / Intelligent Sensor Market by Type (Flow Sensor, Dissolved Oxygen Sensor, Temperature Sensor, Pressure Sensor, Touch Sensor), Technology (MEMS, CMOS), Application (Aerospace, Automotive, Industrial, Building Automation), & by Geography - Forecasts & Analysis 2013 - 2020”, the total market is expected to generate revenue of $10.46 Billion by 2020 growing at an estimated CAGR of 36% from 2012-2020.

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The smart sensor types include flow sensor, dissolved oxygen sensor, turbidity sensor, Oxidation reduction potential (ORP) sensor, pH sensor, temperature sensor, pressure sensor touch sensor and others. The pressure sensors are expected to witness a high growth rate in the coming two to three years because smartphones with smart pressure sensors can capture the market. The three major technologies incorporated are Micro-Electro-Mechanical System (MEMS) technology, Complementary Metal-Oxide-Semiconductor (CMOS) technology and optical spectroscopy. MEMS and CMOS technology form the main stream technologies. The main components which make the Smart sensor are: Analog-to-Digital Converter (ADC), Digital-to-Analog Converter (DAC), transceivers, amplifiers, microcontroller, and others. The smart sensor market is expected to reach $10.46 billion in 2020 from $650 million in 2012 at a CAGR of 36.25% from 2013 to 2020.

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The Smart Sensor is a device which consists of transduction element, signal conditioning electronics and controller or processor. It has the ability to take decisions and it is a complete system which is also known as a system on chip. The main aim of smart sensors is to integrate electronics and sensors. Smart sensor enables the sensor to stand alone with the processing power normally associated with much larger data acquisition systems.

Smart sensor consist of a sensing element, analog-to-digital converter and a bus interface in a package having features such as self testing, self validation, identification and so on. Miniaturized smart sensor offers various processing technique and multiple sensing technologies uniquely modified for various applications such as aerospace & defense, automotive, biomedical, industrial automation, building automation, consumer electronics and so on. Smart sensors are used in almost every machines or devices that gather data. It also has a vital role in subsequent processing and for the transport of data.

This report presents the future of the global smart sensor market and industry from both technical and market-oriented perspectives with techno-market oriented road maps till 2020. This report describes the market trends, drivers, restraints and opportunities of the smart sensor market and forecasts the market to 2020, based on sensor types, technology, components, application and geography. The report presents a detailed analysis of sensor type market such as flow sensor, dissolved oxygen sensor, turbidity sensor, Oxidation reduction potential (ORP) sensor, pH sensor, temperature sensor, pressure sensor touch sensor and forecast the growth for each one of them. In geography the report covers geographies like the Americas, Europe, Asia-Pacific, and ROW (Rest of the World). In 2013, the Americaswasthe largest geography in terms of market revenue for the smart sensor market. APAC, Europe and ROW are also a promising market, along with China, India, Germany and the Middle East are providing impetus to the growth.

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