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Smart Sensor Market to Witness Major Growth in Coming Years

Global Smart Sensors Market Report, published by Allied Market Research, forecasts that the global market is anticipated to account for $60 billion by 2022, growing at a CAGR of 19.2% from 2016 to 2022. Automotive industry dominated the smart sensors market in2015. In the same year, Europe led the global market, accounting for 32% market share. Smart sensors transmit data over all the available networks, and enable features such as digital processing, data conversion, and interaction with external devices. Such sensors hold significant importance in the current scenario, owing to the augmented usage across various application verticals such as consumer electronics, automotive, and healthcare.

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