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Frost & Sullivan: Improved Smartness and Higher Intelligence Necessary to Open Growth Opportunities for Sensors


News provided by

Frost & Sullivan

23 Oct, 2013, 11:43 GMT

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-- Increased applications and higher end-user reliance, in turn, inspire advances in sensor technology

MOUNTAIN VIEW, California, Oct. 23, 2013 /PRNewswire/ -- Seamless integration, increased intelligence, and diagnostic capabilities are key challenges in the sensors market. As new production plants are ultra modern and complicated, smartness and seamless integration at the device, subsystem and system level is necessary to ensure continuous high performance in the automation space.

Frost & Sullivan (www.frost.sensors.com) finds that in 2012 the global sensors and transmitters market generated revenue of $64.78 billion and estimates this to increase to $95.67 billion in 2016.

If you are interested in more information on this research, please send an e-mail to Jeannette Garcia, Corporate Communications, at jeannette.garcia@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country.

With evolution of technology and need for greater control, optimal resource utilization and integrated solutions that enable cost reduction are vital. Meeting this challenge requires in-depth understanding and commitment of technical and commercial resources from sensor manufacturers.

"Consistent high-quality customer service is a key element, especially with constant technology up-gradation and continuous product innovations on the horizon," said Sensors & Instrumentation Principal Analyst Dr. Rajender Thusu. "Sensor companies that monitor the changing market pulse and meet client needs will see success."

Evolving sensor features that have been developed for dynamic customer needs include soft sensors, self calibration, auto-correction and wireless communication for monitoring and control applications.

"With an increased level of accuracy, the reliance on sensors is growing in most end-user applications as never before," said Dr. Thusu. "In fact, sensors are experiencing unprecedented penetration into industrial, commercial, consumer and service sectors. These target markets have well-entrenched market participants that exhibit continuous commitment through product development, innovation, and a perennial customer service approach to stay ahead."

Global Sensor Outlook - 2013 is part of the Measurement & Instrumentation Growth Partnership Services program, which provides global Mega Trends, information on emerging markets, and the latest technology innovations, market, economic, customer, competitive, and best practices research. This CEO 360 degree perspective will enable your company to effectively plan your strategies for growth. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

Connect with Frost & Sullivan on social media, including Twitter, Facebook, SlideShare and LinkedIn, for the latest news and updates.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion

Join Us: Join our community

Subscribe: Newsletter on "The Next Big Thing"

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Global Sensor Outlook - 2013
N978-32

Contact:
Jeannette Garcia 
Corporate Communications – North America
P: +1.210.477.8427
F: +1.210.348.1003
E: Jeannette.Garcia@frost.com
Twitter: @Frost_Sullivan
Facebook: FrostandSullivan
Linkedin: Future of Measurement and Instrumentation

www.frost.com

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