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.
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.
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.
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
Communications in Smart Transducer Networks
OMG Smart Transducer Interface Standard Description
Future of Smart Transducers
Impact of COVID-19
Market Restraints and Challenges
Porter's Five Forces Analysis
Chapter 4 Market Breakdown by Type
Chapter 5 Market Breakdown by Format
Analog Smart Transducers
Digital Smart Transducers
Chapter 6 Market Breakdown by Operation
Chapter 7 Market Breakdown by Application
Chapter 8 Market Breakdown by End-User Industry
Healthcare and Biomedical
Chapter 9 Market Breakdown by Region
Chapter 10 Competitive Landscape
Chapter 11 Company Profiles
Airmar Technology Corp.
Honeywell International Inc.
Hottinger Bruel & Kjaer A/S
Koninklijke Philips N.V.
LEM International Sa
Norbar Torque Tools Ltd.
TE Connectivity Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/v42x4m
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