New ARC Advisory Group research on the smart sensors market reveals that smart sensors with increased accuracy, efficiency, safety, and multi-measurement capabilities are gaining wide acceptance in the market and are growing at a good pace. Globally, 2017 turned out to be a good year for the smart sensors market in general. Most of the suppliers saw their revenues growing and are optimistic about market growth; thus they continue to add superior measurement capabilities, tools, and services that can reduce waste and error and drive higher efficiency/productivity.
“In the process industries, smart sensors (intelligent field devices with digital communication interface features) are now the norm to manage highly critical processes. Smart sensors are also gaining momentum in the discrete industries. Smart discrete sensors with self-diagnostic and digital network capabilities are addressing key end user and original equipment manufacturer requirements for reduced maintenance, increased overall equipment effectiveness, and the need to digitally capture the knowledge of a rapidly shrinking skilled workforce,” according to Naresh K. Surepelly, Senior Analyst at ARC Advisory Group and key author of ARC’s Smart Sensors Global Market Research report.
About the Smart Sensors Research
This ARC research explores current market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the smart sensors market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts by industry, revenue category, sensor type, sales channels, and customer type.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.