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$550+ Million Smart Transducer Markets, 2026

Research and Markets
·4-min read

Dublin, Sept. 15, 2021 (GLOBE NEWSWIRE) -- The "Smart Transducers: Global Markets" report has been added to ResearchAndMarkets.com's offering.

The global market for smart transducers should grow from $375 million in 2021 to $551.8 million by 2026, at a CAGR of 8% for the period of 2021-2026.

This report provides an overview of the global market for smart transducers and analyzes market trends. Using 2020 as the base year, the report provides estimated market data for the forecast period 2021 through 2026. Revenue forecasts for this period are segmented based on type, format, operation, application, end-user, and region.

With the adoption of the IEEE 1451 standard, the use of smart transducers has significantly increased in the industrial, medical and other applications, where control is being decentralized to the transducing site.

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Smart transducers are devices in a measurement environment that can carry out the core functions of transduction/actuation, signal conditioning, signal conversion, computation, control, memory and communication.

Smart transducers also incorporate added functionalities such as self-identification, self-test/diagnostics, and automatic calibration and compensation. Many smart transducer systems are designed for mass-market applications, where low manufacturing costs are essential.

The report also focuses on the major driving trends and challenges that affect the market and the vendor landscape. The report explains the current trends in the smart transducers market. The report concludes with detailed profiles of the major players in the global smart transducers market.

Key Findings

  • North America's market for smart transducers should grow from $143.4 million in 2021 to $200.2 million by 2026, at a CAGR of 6.9% for the period of 2021-2026.

  • APAC's market for smart transducers should grow from $89.9 million in 2021 to $132.4 million by 2026, at a CAGR of 10.7% for the period of 2021-2026.

Report Includes:

  • Analyses of the global market trends, with historic data from 2020, market estimation for 2021, 2022 and 2024, and projections of compound annual growth rates (CAGRs) through 2026

  • Evaluation of the current and potential market size and revenue forecast for smart transducers, and corresponding market share analysis by transducer type, variety, operation, application, end user industry, and geographic region

  • Highlights of the key market dynamics (DROs), industry structure, regulatory landscape, and COVID-19 impact assessment on the progress of this market

  • Detailed review of the current market scenario for smart or intelligent transducers, industry value chain analysis, and the future direction of this market

  • Porter's five forces analysis of smart transducers market with each of the frameworks outlined and graphically depicted

  • Review of the patents released/granted in the recent years for smart transducers systems

  • Insight into the recent industry activities, competitive benchmarking of key players in the market, and their company share analysis

  • Descriptive company profiles of the leading market participants, including Ametek Inc., Hitachi Ltd., Honeywell International Inc., Siemens AG and TE Connectivity Ltd.

Key Topics Covered:

Chapter 1 Introduction

Chapter 2 Summary and Highlights

Chapter 3 Market Overview

  • Value Chain Analysis

  • Industry Overview

  • Configuration Support

  • Communications in Smart Transducer Networks

  • Computer-aided Configuration

  • OMG Smart Transducer Interface Standard Description

  • Future of Smart Transducers

  • Impact of COVID-19

  • Market Drivers

  • Market Restraints and Challenges

  • Market Opportunities

  • Porter's Five Forces Analysis

  • Patent Analysis

Chapter 4 Market Breakdown by Type

  • Active Transducers

  • Passive Transducers

Chapter 5 Market Breakdown by Format

  • Analog Smart Transducers

  • Digital Smart Transducers

Chapter 6 Market Breakdown by Operation

  • Mechanical Transducers

  • Electrical Transducers

Chapter 7 Market Breakdown by Application

  • Electromagnetic

  • Electromechanical

  • Electrochemical

  • Electroacoustic

  • Photoelectric

  • Thermoelectric

  • Radio Acoustic

Chapter 8 Market Breakdown by End-User Industry

  • Consumer Electronics

  • Telecommunications

  • Industrial Manufacturing

  • Healthcare and Biomedical

  • Other Industries

Chapter 9 Market Breakdown by Region

Chapter 10 Competitive Landscape

Chapter 11 Company Profiles

  • Airmar Technology Corp.

  • Ametek Inc.

  • Asg-Jergens Inc.

  • Endevco Corp.

  • Hitachi Ltd.

  • Honeywell International Inc.

  • Hottinger Bruel & Kjaer A/S

  • Koninklijke Philips N.V.

  • LEM International Sa

  • Norbar Torque Tools Ltd.

  • Raymarine Plc

  • Siemens Ag

  • Stellar Technology

  • TE Connectivity Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/v42x4m

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900