The global smart sensor market is expected to witness high growth during the forecast period due to increasing demand in the automotive and consumer electronics industries. The factors such as growing concern towards security & surveillance, up surging consumer electronics sector, favourable government initiatives, growth in automotive industry, increasing need for energy-efficient appliances, and growing trend of miniaturization in the sensors segment are expected to boost the growth of market during the forecast period.
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Smart sensors are defined as the combination of a sensor with signal conditioning, embedded algorithms and digital interface. Smart sensors are also termed as intelligent sensors and are basically used for digital processing of signals such as voice, audio, video, temperature, pressure, or position to provide decision making for an individual/machinery on the basis of mathematical manipulation. They offer various advantages such as high reliability, low power consumption, wireless configuration, high performance, easy maintenance, size flexibility and minimal requirement for interconnecting cables. Smart sensors also have capabilities of self-diagnosis, self-calibration and self-validation. The main purpose of smart sensor networks is to reduce human intervention and management control in different systems. Everything in a smart sensor is specifically designed for targeted application. The major disadvantage of smart sensor is their high cost as compared to the traditional sensors due to integration of sensor and interfering circuit for managing sensor calibration.
Among the end-user industries of smart sensors, the consumer electronics industry is expected to be the largest user of smart sensors during 2016-2022. Also, the smart sensor market is expected to witness highest growth in consumer electronics industry during the forecast...