GIA announces the release of a comprehensive global report on Smart Sensors markets. World market for Smart Sensors is projected to reach US$6.7 billion by the year 2017. As the technology moves up its lifecycle curve, growth will be led by the accompanying price declines and the ensuing increase in adoption among end-use industries. Growing acceptance of advanced technologies such as Micro-Electromechanical Systems (MEMS) also augurs well for the future of the market.
Sensor networks and smart sensors are being used widely in most of the industries, including automotive, medical, industrial, entertainment, security, and defense due to increased usage of process controls and sensing elements in different sectors. Changing end-user requirements in these industries are being met through advancements in sensor network and smart sensor technologies. While micromachining enhanced the scope of sensor fabrication applications, nanotechnology and micro-electromechanical technology led to improvements in sensor development, design, and the production of in-expensive compact sensors. The aforementioned developments led to the production of more compact implantable biosensors, biomedical sensors and electronic noses. Advanced models of such sensors possess the capability to normalize, digitize, learn, fuse, sense, understand, adapt, and initiate appropriate action. Read more

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