Global Smart Sensor Market to Grow at a CAGR of 11.1 Percent over the Period 2012-2016
TechNavio's analysts forecast the Global Smart Sensor market to grow at a CAGR of 11.1 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for smart sensors in the Automotive sector. The Global Smart Sensor market has also been witnessing rapid technological advancement. However, high cost of deployment could pose a challenge to the growth of this market.
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