Intelligent Sensors Market Sales : Emerging Niche Segments And Regional Markets 2013 - 2019
According to a recent market research report published by Transparency Market Research, the global smart/intelligent sensors market is estimated to expand at a CAGR of 12.2% during the period between 2013 and 2019. The report, titled “ Smart/Intelligent Sensors Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019 ”, projects the global smart/intelligent sensors market to be worth US$21.60 bn by 2019. The overall market stood at a valuation of US$9.0 bn in 2012. The rapidly growing importance of smaller and more diversely functional smart/intelligent sensors across applications such as healthcare monitoring, collision prevention, automotive application, and oil platforms has boosted the growth of the global smart/intelligent sensors market. The report points out that increasing application of smart/intelligent sensors in transportation and logistics, military, and surveillance will further augment the growth of the market during the f...