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Sensors for Smart Technology Applications Reaching 8 Billion Units in 2020

Published: Sep 26,2018

Sensors, microcontrollers, and wireless transducers are key factors in Smart Technology success. The overall market for sensors will exhibit a Compound Annual Growth Rate (CAGR) of 26.8% between 2014 and 2020, according to the Information Network.

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The sensor market applicable to semiconductor vendors includes micro-electromechanical systems (MEMS) - based sensors, optical sensors, ambient light sensors, gesture sensors, proximity sensors, touch sensors, fingerprint sensors and more. These chips effectively detect changes in the environment, creating the information that is ultimately transmitted via a wireless chip and interpreted through application software to create a Smart Technology solution.

This 200-page report addresses the markets for Sensors, Microcontrollers, and Wireless Transceivers for Smart Technology segmented by Smart Cities, Smart Transportation, Smart Homes, Smart Industry, and Smart Health. Of the five analyzed sectors, Smart Homes, will be the fastest growing, primarily because of the least complexity of connecting components in a home.

Sensors for Smart Cities will be the largest user of sensors in 2020. With the advent of ubiquitous computing, one of the concepts of smart cities is to have sensors deployed virtually everywhere, in the millions.

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