Global Smart Sensors Market Size, Share, Trends, Covid-19 Impact & Growth Forecast Report - Segmented By Type (Flow, Humidity, Position, Pressure, Temperature), Technology (Mems, CMOS, Optical Spectroscopy), Components (ADC, Amplifier, DAC), Application (Aerospace And Defense, Automotive, Transportation, Healthcare, Industrial Automation, Consumer Electronics), And Region (North America, Europe, APAC, Latin America, Middle East And Africa) – Industry Analysis From 2024 to 2029

Updated On: January, 2024
ID: 9981
Pages: 175

Global Smart Sensors Market Size (2023 to 2028)

The global smart sensors market size is expected to be worth USD 73.6 Billion in 2023. It is expected to grow at a CAGR of 18.2% during the forecast period and reach a value of USD 169.8 Billion by 2028.

A device that takes the specific input data from the physical environment and processes it to perform a predefined function by using the in-built compute resources is called the smart sensor. Primarily smart sensors are made up of the sensor, microprocessor, and communication technology. Components like transducers, amplifiers, excitation control, and compensation are present. It presents more accurate and automated environment data with fewer errors. It is used for monitoring and control systems in many environments, such as in smart grids, many science applications, etc. Smart sensors are becoming a crucial and integral part of the Internet of Things (IoT). It has applications in different sectors like modern security systems, biomedical devices, food & beverages, automotive, and other sectors. They can also be used in process control, like monitoring the process of manufacturing the item. Smart sensors are in high demand and are a largely growing sector in the sensors market.

The upsurge in demand for wearable devices and the biomedical industry is having an increase in innovative applications that will provide an enormous opportunity for smart sensors market growth worldwide in the near future. Medical equipment and devices are being updated with new and additional features with the recent developments in novel sensor technologies. The intelligent sensors help in regular check-ups and monitoring of the patient’s blood pressure & body temperature. It is mostly used in measuring the heartbeat and oxygen concentration in the blood. Additionally, it can be used to monitor the regular check-ups. The sensors enable the provision of healthcare services in underserved and remote areas, and medical professionals can access them by using cloud services. The most developing new market is wearable devices in the biomedical industry that utilize smart sensors. The advantages provided by these devices include the collection of the gathered data of the respective parameters and conversion into digital form to display and drive the demand for devices. In the coming years, the smart sensors market will have a huge opportunity for market expansion with the rising demand for wearable devices and increasing government investment in improving healthcare services.


In the automotive sector, the rise in the demand for intelligent sensors drives the market demand. Nowadays, in the production process, sensors are becoming an essential part due to their role in automation-enhanced productivity and accuracy. Several parameters can be monitored using the sensors, such as temperature, pressure, flow, and level, to control the entire process, and this helps in the easy management of the robots. In the automotive sensors, intelligent sensors like pressure and accelerometer sensors are providing various benefits such as improved safety and efficiency in the fuel consumption in the vehicles. They can do this by processing the real-time data and giving an alert to the user if any issue is found. This will have great usage in communicating about the vehicle’s engine, suspension, braking systems, and other controls. With the increase in concern over the safety of vehicles and people, manufacturers are adopting the usage of intelligent sensors for various applications in vehicles, including airbags. These airbags are far superior to the standard airbags in the ability to detect collisions. That helps in the reduction of the number of accidents and injuries to the passengers. These factors drive the demand for the smart sensors market. 


An increase in the cost and reduction in the lifespan with the usage of intelligent sensors act as a restraint to the smart sensors market. If the cost-effective feature is taken into consideration, then the incorporation of the sensors wouldn’t meet the requirement as it involves additional cost. It could be a better option to incorporate intelligent sensors in order to make the devices automated even though the overall cost is increased. These limitations in the application and inability to meet the customers' demand for the cost-effective feature would restrain market growth by decreasing the demand for the product. The extended long-period usage of devices such as smartphones, laptops, and cameras can create the problem of overheating. The sensor’s functioning completely depends on the device battery for their operation and to power themselves. This reduces the lifespan of the device battery, which hinders the adoption of the sensors in the devices resulting in a decrease in the demand and growth for the market.

Impact of COVID-19 on the smart sensors market:

The COVID-19 outbreak has shown an impact on the smart sensors market. The imposition of the lockdown across the world led to the temporary stoppage of the industry’s operational activities. The production of electronics and semiconductors has been slowed down by the non-availability of the workforce and increased safety restrictions. The complete utilization of the manufacturing facilities dropped due to the travel ban and reduction in the quantity of raw materials available. During the pandemic period, the slowdown in the growth of the market is noticed. Post-COVID-19, with the start of the recovery process, the market has observed a robust increase in demand owing to the increase in the installation of IoT devices across industries, growing innovations, and increasing investment activities for smart cities.




Market Size Available

2022 to 2028

Base Year


Forecast Period

2023 to 2028



Segments Covered

By Type, Component, Application, Technology, & Region

Various Analyses Covered

Global, Regional, and country-level analysis; Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa


This research report on the global smart sensors market has been segmented and sub-segmented into the following categories.

Smart Sensors Market – By Type:

  • Flow
  • Humidity
  • Position
  • Pressure
  • Temperature

Pressure sensors are expected to have a significant share of the smart sensors market. An increase in concern over safety, comfort levels, and reduction in automobile emissions largely drive the segment demand in the market. The mandatory government regulations to install onboard diagnostics to reduce harmful greenhouse gases and increase the adoption of pressure sensors in vehicles will provide a market expansion opportunity for pressure sensor manufacturers. These sensors have wide usage in consumer electronics, leading to the demand for them.

Smart Sensors Market – By Technology:

  • MEMS
  • CMOS
  • Optical Spectroscopy

MEMS technology-based sensors are expected to have a high market share in the smart sensors market in the coming years. The technology utilizes small miniaturized electromechanical and mechanical systems, which consist of actuators, sensors, and microelectronics. In the near future, it will be one of the fastest-growing technologies due to the advantages offered, such as fast operations, improved accuracy, high reliability, usage of minimum energy & materials, easy maintenance, and replacement.

Smart Sensors Market – By Component:

  • Analog-to-Digital Converter
  • Digital-to-Analog Converter
  • Amplifier

Smart Sensors Market – By Application:

  • Aerospace and Defense
  • Automotive
  • Transportation
  • Healthcare
  • Industrial Automation
  • Consumer electronics
  • Others

The automotive segment is expected to hold a high market share in the smart sensors market. The increase in the focus on research and development activities by the top market players will drive the segment to keep ahead of the competition. In order to provide a great experience while using their product and due to the upsurge in demand for the automation of vehicles, manufacturers are incorporating more intelligent sensors in the automotive industry. This propels the demand for the smart sensors market in the sector. The next significant market share holder is consumer electronics owing to the focus on upgrading their products such as smartphones, watches, laptops, and others, which will fuel the sensor penetration into the sector resulting in the increased demand for smart sensors in the sector.

Smart Sensors Market - By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Asia-Pacific is expected to witness a high growth rate in the smart sensors market during the forecast period owing to the development and expansion of the end-user sectors. In this region, the increased focus of the government on infrastructure development and technology adoption to develop the cities will raise the demand for smart sensors. The region has some nations with large market demand for the sensors, such as China, Japan, South Korea, and others. It is home to many manufacturing industries, such as semiconductors and the automotive sector.

North America is the second largest market for smart sensors market, and the expansion of intelligent sensors is due to the evolution of the energy and power industry in implementing cutting-edge technology. The advances in technology, more numbers in the high-income group, and early adoption of automation are some other factors fuelling the market growth.


The major players in the smart sensors market are ABB Ltd., Analog Devices, Automotive, Honeywell, Infineon Technologies, NXP Semiconductors N.V., Renesas Electronics, Siemens, STMicroelectronics, Quanergy Systems, Inc.


  • In 2022, At VISION 2022, the debut of two new product lines was announced by Optomotive. Automotive is a producer of high-performance cameras with advanced technology and 3D smart sensors. The newly developed LOM series of 3D high-speed smart sensors will be displayed at VISION 2022. 
  • In 2022, an announcement was made by Quanergy Systems, Inc., which is a major producer of smart sensors, about enhancing its QORTEX DTC and Q-View Software solutions to support the company’s Flow Management portfolio.

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Frequently Asked Questions

1. What challenges are associated with the deployment of smart sensors?

Challenges include data security and privacy concerns, standardization issues, the need for interoperability among different devices, and power consumption concerns, especially for battery-powered sensors.

2. What are the primary applications of smart sensors?

Smart sensors find applications in various industries, including healthcare, automotive, agriculture, manufacturing, environmental monitoring, and smart homes. They are used for tasks ranging from monitoring and control to predictive maintenance.


3. What types of data can smart sensors collect?

Smart sensors can collect data on various parameters, including temperature, humidity, motion, light, pressure, sound, etc. The data collection type depends on the sensor's design and intended application.

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