Smart Sensor Market size was valued at US$ 49.78 Billion in 2022 and the total Smart Sensor revenue is expected to grow at 16% through 2023 to 2029, reaching nearly US$ 140.70 Billion.
Smart Sensor Market Overview:
A smart sensor takes input from the physical environment and uses built-in compute resources to perform predefined functions after it detects a specific input and then processes data before passing it on. It can perform data conversion, digital processing, and can communicate to external devices and or to the cloud.