Smart Sensor Market Report: Trends, Forecast and Competitive Analysis 

Trends, opportunities and forecast in the global smart sensor market to 2024 by sensor type (image sensors, smart motion sensors, smart position sensors, smart pressure sensors, smart temperature sensors and touch sensor, and others ), technology (MEMS, CMOS, and others), network connectivity (wired and wireless), end use industry (automotive industry, consumer electronics, industrial, infrastructure, medical equipment, and others) and region (North America, Europe, Asia Pacific, and the Rest of the World).

Publisher: Lucintel Published: May 2026
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Smart Sensor Market Report: Trends, Forecast and Competitive Analysis 

Report Feature

The future of the smart sensor market looks promising with opportunities in the automotive, consumer electronics, industrial, infrastructure, medical equipment, avionics, and food & beverage industries. The global smart sensor market is expected to grow with a CAGR of 18% from 2019 to 2024. The major drivers for this market are increasing vehicle production, growth in demand for smartphones, and development of smart cities.

A more than 150 pages report is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of smart sensor market report download the report brochure.








 


The study includes the smart sensor market size and forecast for the global smart sensor market through 2024, segmented by sensor type, technology, network connectivity, end use industry and region as follows:

By Sensor Type [$M shipment analysis for 2019 – 2024]:
  • Image Sensor
  • Smart Temperature Sensor
  • Smart Pressure Sensor
  • Smart Motion Sensor
  • Touch Sensor
  • Others

By Technology [$M shipment analysis for 2019 – 2024]:
  • CMOS
  • MEMS
  • Others

By Network Connectivity [$M shipment analysis for 2019 – 2024]:
  • Wired
  • Wireless (Bluetooth, Enocean, Wi-Fi, ZigBee, Z-Wave, and Others)

By End Use Industry [$M shipment analysis for 2019 – 2024]:
  • Automotive Industry
  • Consumer Electronic
  • Infrastructure
  • Medical Equipment
  • Others

By Region [$M shipment analysis for 2013 – 2024]:
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
  • Asia Pacific
    • China
    • Japan
    • India
  • RoW

Some of the smart sensor companies profiled in this report include ABB Ltd., Analog Devices, Eaton Corp, Emerson Process Management, Infineon Technologies AG, NXP Semiconductors N.V., Renesas Electronics, Siemens AG, STMicroelectronics N.V, Yokogawa Electric Corp

Some of the features of smart sensor market report: Trends, Forecast, and Opportunity Analysis include:
  • Market size estimates: Smart sensor market size estimation in terms of value ($M) shipment.
  • Trend and forecast analysis: Market trend (2013-2018) and forecast (2019-2024) by end use industry.
  • Segmentation analysis: Market size by various segments such as by sensor type, technology, network connectivity, end use industry, and region.
  • Regional analysis: Smart sensor market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth opportunities: Analysis on growth opportunities in different applications and regions for smart sensor in the smart sensor market.
  • Strategic analysis: This includes M&A, new product development, and competitive landscape for, smart sensor in the smart sensor market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

Table of Contents

1. Executive Summary 2. Market Trends and Forecast Analysis from 2013 to 2024 2.1: Introduction, Background, and Classification 2.2: Supply Chain 2.3: Industry Drivers and Challenges
4.2.1 Market by End Use Industry: Automotive Industry, Consumer Electronics, Industrial, Infrastructure, and Medical Equipment 4.2.2: Market by Sensor Type: Image Sensors, Smart Motion Sensors, Smart Position Sensors, Smart Pressure Sensors, Smart Temperature Sensors, and Touch Sensor 4.2.3: United States Smart Sensor Market 4.2.4: Canadian Smart Sensor Market 4.2.5: Mexican Smart Sensor Market
5. Competitor Analysis 5.1: Product Portfolio Analysis 5.2: Market Share Analysis 5.3: Operational Integration 5.4: Regional Reach 5.5: Porter’s Five Forces Analysis 7. Company Profiles of Leading Players 7.1: ABB Ltd. 7.2: Analog Devices 7.3: Eaton Corp 7.4: Infineon Technologies AG 7.5: NXP Semiconductors N.V. 7.6: Renesas Electronics 7.7: Siemens AG 7.8: STMicroelectronics N.V 7.9: Yokogawa Electric Corp

Methodology

Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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Key Questions

  • Which segments will grow at a faster pace and why?
  • Which region will grow at a faster pace and why?
  • What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
  • What are the business risks and competitive threats in this market?
  • What are the emerging trends in this market and the reasons behind them?
  • What are some of the changing demands of customers in the market?
  • What are the new developments in the market? Which companies are leading these developments?
  • Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
  • What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
  • What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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