Smart/Intelligent Sensors Market is Expected to Reach USD 21.60 Billion Globally in 2019: Transparency Market Research

Smart/Intelligent Sensors Market isSmart/Intelligent Sensors Market is Expected to Reach USD 21.60 Billion Globally in 2019: Transparency Market Research PR Newswire ALBANY, New York, April 15, 2014 According to a new market report published by Transparency Market Research "Smart/Intelligent Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global Smart/Intelligent Sensorsmarket is expected to reach a value of U S D 2 1 . 6 0 b i l l i o n by 2019, growing at a CAGR of 12.2% from 2013 to 2019. Growing demand for automobiles and growth in the intelligent transport system (ITS) has led to the increase in demand of smart/intelligent sensors. The other factors driving this market are growing demand of smartphones and tablet PCs. Europewas the largest contributor insmart/intelligent sensors market and accounted for the marketshare of 34% in 2012. Browse Global Smart/Intelligent Sensors Market Report with Full TOC at h t t p : / / w w w . t r a n s p a r e n c y m a r k e t r e s e a r c h . c o m / s m a r t - i n t e l l i g e n t - s e n s o r - m a r k e t . h t m l Smart/intelligent sensors market includes various types of sensors such as image sensors, touch sensors, smart temperature sensors and smart pressure sensors among others. Depending on the need and application the sensors are installed in the devices and used accordingly.