Global Smart Sensor Market Size and Forecast To 2025 Global Smart Sensor Market Analysis According to Verified Market Intelligence, The Global Smart Sensor Market was valued at USD 29.44 billion in 2017 and is projected to reach USD 72.61 billion by 2025, growing at a CAGR of 17.83% from 2018 to 2025.
What is a Smart Sensor? A smart sensor is a device that takes input from the external physical environment and uses builtin resources to perform predefines functions upon the detection of a specific input and then process the data before passing it on. The smart sensor is an integral element of the Internet of Things (IoT). The smart sensor enables more accurate and automated collection of external data with less erroneous noise among the recorded information. Smart sensors are used for the monitoring and control mechanisms for a wide range of environments and can also incorporate software defined elements which provide functions such as data conversion, digital processing, and communication to external devices.
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