Impact Assessment of Smart Sensors in Industrial Automation

Impact Assessment of Smart Sensors in Industrial Automation

Connected Intelligent Sensors Increase Efficiency, ROI, & Margin

RELEASE DATE
29-May-2023
REGION
Global
Research Code: DAA0-01-00-00-00
SKU: ES01247-GL-TR_27713
AvailableYesPDF Download
$4,950.00
In stock
SKU
ES01247-GL-TR_27713
$4,950.00
DownloadLink
ENQUIRE NOW

Description

Smart sensors employs microelectromechanical systems (MEMS) and very-large-scale integration (VLSI) technology to function effectively. A smart sensor is a device that receives input from the physical world, and upon detection, leverages internal computing power to carry out predefined actions to provide optimized output. Key operations of smart sensors include measurement, configuration, verification, and communication. Performance capabilities, such as data processing, communication, multisensing, decision-making, and self-calibration/correction enable smart sensors to be employed in industrial applications. Optical sensing, UV and infrared detection, biological hazard identification, structural monitoring, and floor mapping are some of the current opportunities provided by smart sensors in an industrial setting.

Research efforts are driving technological developments in quantum sensing and neuromorphic chip-based sensors and leading to new application areas for smart sensors, such as continuous remote sensing in structural monitoring and sustainable IIoT infrastructure in remote locations and self-aware industrial equipment. The growing demand for decentralized and localized sensing electronic devices because of rapid digitization and the ability to carry out continuous remote monitoring across different industries (e.g., healthcare, industrial) are key market drivers. The reduced burden on centralized computing systems and better reliability due to the lack of dependence on a single system will drive adoption in the future.

The report covers the current state and impact of smart sensor technologies on industrial automation processes and provides an outlook on future developments. The research report covers the following topics:

•     Significance of the smart sensor and different configurations
•     Recent trends and developments driving market opportunities
•     Factors influencing technology development and adoption
•     Key innovators and key technologies driving smart sensor advancements
•     Key growth opportunities in the industrial automation sector

Table of Contents

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Smart Sensor Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Research Methodology

Key Findings

Key Findings (continued)

Scope of Analysis

Segmentation

Growth Drivers

Growth Restraints

Smart Sensor Architecture and Relevance

Smart Sensor Generic Architecture

The Significance of Smart Sensors

Advantages of Employing Intelligent Sensors in Industrial Automation

Trends Driving Adoption of Smart Sensors in Industrial Automation

Smart Sensors, a Compliment to Advanced Emerging Technologies

Patent Research Focus Areas

Technology Convergence and Exploration of New Applications and Opportunities

Key Funding Focus Areas and Initiatives Include Development of Sensor Devices, Connected Systems and Analytics, and System Integration

Growing Automation and Ongoing R&D

Impact Assessment of Industries and Applications

Viewpoint on Key Industries Impacted by Industrial Smart Sensors

Technology Strategy 1: Start-up Leveraging ML-based Analytics System to Improve Overall Efficiency

Technology Strategy 2: Automation Major’s Partnership with Materials Provider to Develop an Integrated Automated System

Case Study: Smart MEMS Pressure Sensors Enhance Efficiency of Smart Factory

Competitive Assessment of Smart Sensors using Porters’ Five Force Model

Smart Sensors to Drive Digital Upskilling and Social Enterprise Mega Trends

Growth Opportunity 1: Prescriptive Analytics

Growth Opportunity 1: Prescriptive Analytics (continued)

Growth Opportunity 2: Industrial Metaverse

Growth Opportunity 2: Industrial Metaverse (continued)

Growth Opportunity 3: IO-Link

Growth Opportunity 3: IO-Link (continued)

Technology Readiness Levels (TRL): Explanation

Your Next Steps

Why Frost, Why Now?

Legal Disclaimer

Smart sensors employs microelectromechanical systems (MEMS) and very-large-scale integration (VLSI) technology to function effectively. A smart sensor is a device that receives input from the physical world, and upon detection, leverages internal computing power to carry out predefined actions to provide optimized output. Key operations of smart sensors include measurement, configuration, verification, and communication. Performance capabilities, such as data processing, communication, multisensing, decision-making, and self-calibration/correction enable smart sensors to be employed in industrial applications. Optical sensing, UV and infrared detection, biological hazard identification, structural monitoring, and floor mapping are some of the current opportunities provided by smart sensors in an industrial setting. Research efforts are driving technological developments in quantum sensing and neuromorphic chip-based sensors and leading to new application areas for smart sensors, such as continuous remote sensing in structural monitoring and sustainable IIoT infrastructure in remote locations and self-aware industrial equipment. The growing demand for decentralized and localized sensing electronic devices because of rapid digitization and the ability to carry out continuous remote monitoring across different industries (e.g., healthcare, industrial) are key market drivers. The reduced burden on centralized computing systems and better reliability due to the lack of dependence on a single system will drive adoption in the future. The report covers the current state and impact of smart sensor technologies on industrial automation processes and provides an outlook on future developments. The research report covers the following topics: • Significance of the smart sensor and different configurations • Recent trends and developments driving market opportunities • Factors influencing technology development and adoption • Key innovators and key technologies driving smart sensor advancements • Key growth opportunities in the industrial automation sector
More Information
Author Varun B
Industries Electronics and Sensors
No Index No
Is Prebook No
Keyword 1 Industrial Smart Sensor Market
Keyword 2 Industrial Automation Sensors Market
Keyword 3 Impact of Automation
Podcast No
WIP Number DAA0-01-00-00-00