Artificial Intelligence
Global Smart Sensor Market By Type, By End User, By Regional Outlook, Industry Analysis Report and Forecast, 2021 – 2027
New York, May 20, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Smart Sensor Market By Type, By End User, By Regional Outlook, Industry Analysis Report and Forecast, 2021 – 2027” – https://www.reportlinker.com/p06073609/?utm_source=GNW
In order to detect physical input like moisture, light, motion, heat, pressure, or any other entity, and respond by generating an output on a display or send the information electronically for further processing using signal conditioning, integrated algorithms, and digital interface. These sensors can gather extremely precise environment data with the lowest noise level.
Smart sensors find potential applications in new-age IT solutions, like machine-to-machine communication and analytics, and to calculate fluctuations in terms of temperature or pressure acceleration that are crucial for a process. Smart cities, smart grids, and smart environments (forest fire control, snow level monitoring, and earthquake early detection); and defense, automobile, sports, and electronic sectors are increasingly installing these devices.
Due to the lockdown restrictions, the Asian and European countries have witnessed disruptions and significant decline in business and revenue, due to the closure of manufacturing facilities in these regions. The growth of the smart sensor market is declined as the activities of manufacturing and production industries have been hit hard by the COVID-19 pandemic. Due to the increasing aim of companies to cater to spurring demand for smart technologies driven by a fast acceleration in IoT-based infrastructures like smart grids and smart cities around the world, the smart sensor market would gain recovery in the next few years. Moreover, the global pandemic has encouraged numerous organizations to upgrade their framework with IoT-based advanced technology with an aim to continue their production activities if such kind of pandemic will again arise in the future.
Type Outlook
Based on Type, the market is segmented into Image Sensor, Motion Sensor, Touch Sensor, Pressure Sensor, Temperature Sensor, Position Sensor, Light Sensor and Others. The humidity & temperature sensors type would witness maximum CAGR during the forecast period. Smart temperature sensors are utilized extensively in measurement control systems and instrumentation. Temperature sensors offer temperature readings that can be interpreted in a digital format and also simple to use in various applications like automotive, healthcare, and building automation.
End User Outlook
Based on End User, the market is segmented into Consumer Electronics, Automotive, Industrial, Healthcare, Infrastructural and Other. Due to growing competition among leading players, the consumer electronics industry is constantly changing and dynamic industry. Presently, manufacturers of consumer electronics face massive pressure to create innovative and advanced products into the market. Smart sensors like image, motion, temperature, touch, and pressure sensors are the crucial parts used in all these products in order to provide comfort and control to the user.
Regional Outlook
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. Asia-pacific emerged as the dominating region in terms of revenue in 2020. This is mainly due to the penetration of smartphones and deployment of smart electronic appliances in commercial, industrial, and residential sectors. Moreover, due to technological developments, the appliances in residential buildings, like heating, washing machine, and cooling equipment, and refrigerators can be used in a remote manner using the internet.
The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; ABB Group, Honeywell International, Inc., Siemens AG, and General Electric (GE) Co. are the forerunners in the Smart Sensor Market. Companies such as Infineon Technologies AG, Analog Devices, Inc., and STMicroelectronics N.V. are some of the key innovators in the market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Infineon Technologies AG, STMicroelectronics N.V., Microchip Technology, Inc., NXP Semiconductors N.V., ABB Group, Siemens AG, Robert Bosch GmbH, Honeywell International, Inc., General Electric (GE) Co., and Analog Devices, Inc.
Recent strategies deployed in Smart Sensor Market
Partnerships, Collaborations, and Agreements:
Dec-2020: Honeywell came into partnership with Signify, the world leader in lighting. The partnership aims to deploy integrated, smart lighting solutions for commercial buildings. The purpose of the partnership is to enhance the occupant experience aiming at productivity and well-being and to decrease the consumption of energy.
Nov-2020: STMicroelectronics came into collaboration with Schneider Electric. Together, the companies are demonstrating a prototype IoT sensor that allows the latest building-management services and effective gains by understanding building-occupancy levels and uses.
Nov-2020: STMicroelectronics collaborated with Qualcomm Technologies, an American multinational corporation. In this collaboration, STMicroelectronics strengthened its leadership in sensor technologies by making innovative software solutions utilizing the technology from Qualcomm Technologies via the Qualcomm Platform Solutions Ecosystem program.
Oct-2020: Analog Devices entered into collaboration with Microsoft Corporation. Under this collaboration, Analog uses Microsoft’s 3D time-of-flight (ToF) sensor technology that enables its users’ to effortlessly develop high-performance 3D applications, which bring more depth accuracy and work irrespective of the environmental condition.
Sep-2020: Infineon Technologies extended their partnership with Elliptic Labs, a global AI software company and virtual smart sensors world leader. This expansion aims to provide support for Infineon’s mmWave Radar sensor to Elliptic Labs’ Virtual Smart Sensor Hub. The partnership also delivers the latest capabilities like breathing and heartbeat detection, along with Elliptic Labs’ existing established position and gesture detection offerings.
Sep-2020: Bosch came into collaboration with Peachtree Corners, a smart city environment powered by real-world infrastructure and next-generation connectivity. The collaboration of the Bosch Building Technologies division and Peachtree Corners aims to test, demonstrate and create the future of video-as-a-sensor technology.
Jan-2020: STMicroelectronics announced a partnership with Fieldscale, an ST Authorized Partner and provider of simulation software. The partnership was focused on simplifying the development of touch-enabled user interfaces for smart devices containing ST’s STM32 microcontrollers (MCUs).
Nov-2019: ABB came into partnership with Exeger Operations AB for enabling Exeger to increase the production capacity of its unique photovoltaic material in its Stockholm factory. Also, the partnership is aimed at developing automation solutions for Exeger’s fully automated factory that will begin construction in the future.
Oct-2019: Bosch formed a partnership with SenRa, a PAN India Low-Power Wide-Area Networks provider for long-range-based Internet of Things (IoT) applications. The partnership aims to deploy smart solutions PAN India.
Jun-2019: Analog Devices collaborated with First Sensor AG. This collaboration aimed to launch the autonomous sensing technology serving unmanned automotive, underwater and aerial vehicles in smart agriculture, transportation, industrial manufacturing, and other industries. Both companies planned to develop LIDAR products that served automotive and industrial manufacturing applications.
Jun-2019: ABB extended its collaboration with HPE, an enterprise information technology company. Under this expansion, the companies proposed to integrate ABB Ability Smart Sensor technology with Aruba Wi-Fi access points and Bluetooth-enabled access points. The ABB smart sensor connected to a traditional motor, mounted bearings or pumps, to change them into wirelessly connected devices that can be used with Aruba access points, which further allow users with huge industrial sites and several access points to supervise the condition and performance of the tool.
Acquisition and Mergers:
Jul-2020: Analog Devices acquired Maxim Integrated. The acquisition broadened Analog Devices’ product offerings across multiple markets. It also strengthened its position as a leader in the semiconductor market.
Apr-2020: Infineon Technologies took over Cypress Semiconductor Corporation. Through the acquisition, a differentiated portfolio of microcontrollers, connectivity components, software ecosystems, and high-performance memories has been added to Infineon’s portfolio.
May-2018: Siemens announced the acquisition of Enlighted, a provider of smart IoT systems. The acquisition enhanced its business in producing smart sensors with the addition of Enlighted’s smart sensors and sensor platform to it.
Mar-2018: Analog Devices acquired Symeo GmbH, a manufacturer of precise sensor systems and robust radar solutions for position detection, distance measurement, collision avoidance & telemetry. The acquisition broadened its business capabilities in sensing technologies.
Jul-2017: ABB acquired B&R (Bernecker + Rainer Industrie-Elektronik GmbH), a company that provides product and software-based open-architecture solutions for machine and factory automation. The acquisition strengthened the position of the former company in automation solutions.
Product Launches and Product Expansions:
Nov-2020: STMicroelectronics introduced VL53L5. The product expanded the portfolio of FlightSense Time-of-Flight (ToF) sensors. It offers radical performance improvement in laser autofocus, presence detection, touch-to-focus, and gesture interfaces while helping developers make more innovative imaging applications.
Jun-2020: Bosch announced the launch of the Bosch MEMS sensor: the SMI230. This highly precise sensor constantly registers changes in the vehicle’s direction and speed, evaluates the information, and transmits it to the navigation system. The capabilities of Bosch’s SMI230 MEMS sensor also make it ideal for use in fleet management and toll systems, as these areas also require precise motion detectors. Moreover, the sensor is suited for use in vehicle alarm systems because of its ability to detect vibrations and impacts.
Jan-2020: GE introduced various new C by GE technologies to its portfolio of smart home products. The innovative lighting switch and dimmer technologies, and also new comfort, safety & security solutions, have developed to combine and interact with prevailing C by GE products to offer an easy-to-use, enhanced, and more comprehensive smart home network.
Nov-2019: NXP Semiconductors introduced a new automotive UWB IC. This launch added to the UWB portfolio of the company. UWB offers accurate, safe, real-time localization offerings unrivaled by other wireless technologies like Bluetooth, Wi-Fi, and GPS. The technology is developed to offer spatial awareness to UWB-equipped mobiles, cars, and other smart devices, to allow cars to know the exact position of the user.
Dec-2019: Bosch released a new interior monitoring system featuring cameras and artificial intelligence. This system enhances driver and passenger safety. It has a camera embedded in the steering wheel that identifies when they are distracted, when drivers’ eyelids are getting heavy, and when they turn their heads to the passenger seats.
Oct-2019: NXP Semiconductors unveiled the i.MX RT1170 family of crossover MCUs. This launch strengthens the Company’s aim to advance edge computing with its EdgeVerse portfolio of solutions and bring a technology development with MCUs that can be operated up to 1GHz and also maintain low-power efficiency.
Jul-2019: Bosch together with its automation arm, Bosch Rexroth, introduced the sensor device SCD (Sense Connect Detect). This device was aimed to help Industrial Internet of Things (IIoT) specialists improve availability and efficiency on machines and equipment. SCD has been equipped with four different sensors (acceleration sensor, temperature sensor, light sensor, and magnetometer). SCD records vibration profiles, whose analysis indicates the wear status of machines, components, or tools.
Jun-2019: Infineon Technologies unveiled XENSIV TLE5109A16 for extending the product portfolio of AMR-based angle sensors. This sensor aimed to direct the needs of fast and yet cost-efficient angle measurement and for position measurement of DC brushless motors for wipers or brakes, pumps, and valves.
Jun-2019: Infineon Technologies launched XENSIV PAS210, photoacoustic spectroscopy (PAS) miniaturizes the CO2 sensor. This sensor built automation and smart home appliances to detect the gases.
Jun-2019: Infineon Technologies released XENSIV KP276, a digital Turbo MAP sensor. This sensor measures manifold air pressure in turbo or aspirated gasoline engines, diesel engines, and exhaust gas recirculation.
Mar-2019: NXP Semiconductor extended its 5V microcontroller (MCU) family for greater product scalability and cost-effectiveness. The company launched the 5V KE1xZ family, based on the Arm Cortex-M0+. It enabled embedded control systems in harsh electrical environments with an integrated CAN controller and capacitive touch from 32KB flash.
Feb-2019: STMicroelectronics introduced the LSM6DSOX motion sensor. The sensor has been embedded with machine-learning technology for improving activity tracking performance and battery life in wearable and mobiles.
Feb-2019: STMicroelectronics launched an innovative full-color ambient light sensor (ALS), VD6281. The VD6281 lets the camera correct white balance and enhance the color presentation and set an appropriate exposure for the camera to avoid flicker artifacts and remove banding in pictures and videos.
Scope of the Study
Market Segments covered in the Report:
By Type
• Image Sensor
• Motion Sensor
• Touch Sensor
• Pressure Sensor
• Temperature Sensor
• Position Sensor
• Light Sensor
• Others
By End User
• Consumer Electronics
• Automotive
• Industrial
• Healthcare
• Infrastructural
• Other
By Geography
• North America
o US
o Canada
o Mexico
o Rest of North America
• Europe
o Germany
o UK
o France
o Russia
o Spain
o Italy
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Singapore
o Malaysia
o Rest of Asia Pacific
• LAMEA
o Brazil
o Argentina
o UAE
o Saudi Arabia
o South Africa
o Nigeria
o Rest of LAMEA
Companies Profiled
• Infineon Technologies AG
• STMicroelectronics N.V.
• Microchip Technology, Inc.
• NXP Semiconductors N.V.
• ABB Group
• Siemens AG
• Robert Bosch GmbH
• Honeywell International, Inc.
• General Electric (GE) Co.
• Analog Devices, Inc.
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• Exhaustive coverage
• Highest number of market tables and figures
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• Assured post sales research support with 10% customization free
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Artificial Intelligence
Complyport’s new AI tool – ViCA.Chat – set to revolutionise compliance support services
LONDON, June 14, 2024 /PRNewswire/ — ViCA.Chat, the Virtual Compliance Assistant powered by AI technology, is set to transform regulatory compliance consulting. Developed by ComplyMAP Group’s AI engineers and Complyport’s compliance consulting teams, ViCA redefines compliance support services and propels governance, risk and compliance consulting into a new era of innovation.
Offering real-time assistance across a vast array of UK and EU regulatory frameworks, ViCA delivers unparalleled efficiency, detail and precision in disentangling and dealing with complicated regulatory frameworks.
The key differentiator of ViCA is its specialised and purposely constructed unique databases that leverage Complyport’s 22 years of regulatory expertise, combined with tailored AI training tools, enabling ViCA to operate as an experienced compliance consultant. A dedicated human support team continuously improves and updates ViCA’s knowledge and responses through a feedback loop process and quality assurance sessions. This powerful symbiosis of AI and human expertise sets ViCA apart and ensures businesses have the latest regulatory information instantaneously and seamlessly.
As a result, ViCA’s specialised regulatory database goes beyond readily available online resources which feature into traditional AI tools. ViCA offers exclusive insights, proprietary regulatory interpretations, historical data, bespoke and purposely structured compliance documentation and templates. With advanced scraping capabilities, ViCA also extracts relevant data from selected websites and publicly available information, ensuring an up-to-date and comprehensive understanding of compliance requirements across industries.
From agile fintech startups to established law firms, financial institutions, regulatory bodies, insurance providers, as well as compliance consultants, ViCA seamlessly adapts to unique compliance needs. Its user-friendly interface ensures navigating and analysing regulatory data is swift and intuitive, streamlining the compliance workflow.
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Artificial Intelligence
LoRa and LoRaWAN IoT Market worth $32.7 billion by 2029- Exclusive Report by MarketsandMarkets™
CHICAGO, June 14, 2024 /PRNewswire/ — The LoRa and LoRaWAN IoT Market is expected to reach USD 32.7 billion by 2029 from USD 8.0 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 32.4 % during 2024–2029, according to a new report by MarketsandMarkets™.
Browse in-depth TOC on “LoRa and LoRaWAN IoT Market”
320 – Tables 58 – Figures294 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2018-2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Billion)
Segments Covered
Offering, Network Deployment, Application, End User, and Region
Region covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
List of Companies in LoRa and LoRaWAN IoT
The Bosch Group (Germany), Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US).
The LoRaWAN ecosystem influences development of tools, software libraries, and cloud-based platforms that streamline the creation, deployment, and management of IoT solutions. Continuously evolving, this ecosystem boasts a burgeoning array of vendors providing LoRa-compliant devices, gateways, and network management solutions. This vibrant competition within the ecosystem propels innovation while driving down costs for end-users. Moreover, the development of interoperable solutions fosters seamless integration and deployment of LoRaWAN networks, simplifying the implementation process for businesses and organizations. As the ecosystem continues to expand and mature, it empowers developers, system integrators, and IoT enthusiasts to unleash their creativity, accelerate time-to-market, and unlock the full potential of LoRaWAN technology in diverse applications and industries.
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Based on network deployment, the public network segment to hold the largest market size during the forecast period.
The robust security features integrated into public LoRaWAN networks play a significant role in driving the growth and adoption of LoRaWAN technology in the market. End-to-end encryption ensures that data transmitted between devices and gateways is protected from unauthorized access or interception, safeguarding sensitive information such as sensor readings, location data, and command messages. Message integrity checks verify the integrity of data packets, detecting any tampering or alteration during transmission and ensuring data authenticity and reliability. Additionally, mutual authentication mechanisms establish trust between devices and gateways, verifying the identity of both parties before allowing communication to occur. These security measures provide organizations and end-users with confidence in the integrity and confidentiality of their data, mitigating concerns related to data privacy, cybersecurity threats, and regulatory compliance. As a result, implementing robust security features in public LoRaWAN networks enhances trust and credibility in the technology, driving increased adoption and market growth as organizations seek reliable and secure connectivity solutions for their IoT deployments.
By offering, the services segment is expected to hold a higher growth rate during the forecast period.
IoT service providers are pivotal in driving adoption by developing vertical-specific solutions finely tuned to the distinct needs of industries like agriculture, healthcare, logistics, and smart cities. In agriculture, for instance, IoT services offer solutions for precision farming, crop monitoring, and livestock management, enabling farmers to optimize irrigation, monitor soil health, and enhance yields. Similarly, IoT services facilitate remote patient monitoring, asset tracking, and inventory management in healthcare, improving patient care, reducing costs, and ensuring compliance with regulatory standards such as HIPAA. In logistics, IoT services provide real-time tracking of shipments, fleet management, and predictive maintenance, enhancing supply chain visibility, efficiency, and reliability. For smart cities, IoT services offer solutions for traffic management, waste management, energy optimization, and public safety, transforming urban infrastructure and enhancing the quality of life for residents. By addressing industry-specific challenges, compliance requirements, and use cases, vertical-specific IoT solutions deliver tangible business value, driving adoption and fueling the growth of the IoT services market across diverse sectors.
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Asia Pacific is expected to hold a higher growth rate during the forecast period.
In the Asia Pacific region, where agriculture serves as a cornerstone of many economies, adopting IoT technologies, particularly LoRa and LoRaWAN, is revolutionizing traditional farming practices. LoRaWAN’s long-range connectivity and low-power consumption make it well-suited for deployment in rural agricultural settings, where access to reliable connectivity may be limited. Through LoRa-based IoT solutions, farmers can implement precision agriculture techniques to address pressing challenges such as water scarcity, soil degradation, and unpredictable weather patterns. LoRa-enabled sensors facilitate real-time monitoring of soil moisture levels, temperature, and humidity, allowing farmers to optimize irrigation schedules and conserve water resources. Remote sensing technologies powered by LoRaWAN enable farmers to gather actionable insights on crop health, pest infestations, and nutrient deficiencies, facilitating timely interventions and improving overall crop management practices. Furthermore, LoRa-based crop analytics platforms provide farmers with data-driven decision support tools, helping them optimize planting strategies, improve yield forecasting, and mitigate the impact of climate change on agricultural productivity. By harnessing the power of LoRa and LoRaWAN IoT solutions, farmers in the Asia Pacific region can increase yields, conserve resources, and enhance resilience to environmental challenges, driving the adoption and growth of the LoRaWAN IoT market in the agricultural sector.
Top Key Companies in LoRa and LoRaWAN IoT Market:
The major vendors covered in the LoRa and LoRaWAN IoT Market are The Bosch Group (Germany), Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the LoRa and LoRaWAN IoT Market.
Browse Adjacent Markets: Digitalization and Internet of Things (IoT) Market Research Reports & Consulting
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About MarketsandMarkets™
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Artificial Intelligence
Scoring a Seat at UEFA EURO 2024™ with Top-Performing AI-Powered TOSHIBA TV Lineup
HONG KONG, June 14, 2024 /PRNewswire/ — Football fans are in for a treat as they gear up for UEFA EURO 2024™ with Toshiba TV’s top-performing Gaming TV Z670. As the OFFICIAL TV OF UEFA EURO 2024™, Toshiba TVs present immersive viewing of the football game by their AI-powered TV lineup. To celebrate the brilliant moments it can bring, Toshiba TV are gifting USD100 Amazon Gift Card via their social platform! By simply like, follow and comment on @ToshibaTVGlobal, fans can boost their chances of scoring this prize.
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Powerful Audio Effects for a Live Stadium Experience
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Bringing Everyone Together for UEFA EURO 2024™
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