PRZOOM - /newswire/ -
Palo Alto, CA, United States, 2007/06/26 - New analysis from Frost & Sullivan, World Plug and Play Smart TEDS Sensors Markets, reveals that revenues in this market totaled $27.6 million in 2006, and estimates this to reach $40.9 million in 2013.
Despite extensive media coverage as well as publicity from a few renowned sensor and instrument companies, transducer electronic datasheet (TEDS) smart sensors have yet to achieve their expected level of growth and acceptance. Currently, customers do not see their value, and few users have the required software or the electronics to make use of the TEDS information. Due to these challenges, the plug and play smart TEDS sensors market has grown very little.
New analysis from Frost & Sullivan (sensors.frost.com), World Plug and Play Smart TEDS Sensors Markets, reveals that revenues in this market totaled $27.6 million in 2006, and estimates this to reach $40.9 million in 2013.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants an overview of the latest analysis of the World Plug and Play Smart TEDS Sensors Markets, then send an email to Sara Villarruel - Corporate Communications at sara.villarruel[.]frost.com with the following information: your full name, company name, title, telephone number, email address, city, state, and country. We will send you the information via email upon receipt of the above information.
“Plug and play smart TEDS sensors made sense for customers using data acquisition systems as they faced many challenges using ’dumb’ sensors,” notes Frost & Sullivan Senior Research Analyst V.Sankaranarayanan. “Some of these challenges included set up, tracking, calibration, and knowing what sensor is connected where, particularly in several larger applications.”
Typically plug and play smart TEDS sensors are utilized for large channel counts. Therefore, companies requiring a large array of sensors will likely drive this market. Presently, a vast proportion of the demand for TEDS-based sensors comes from the aerospace and automotive industries as well as universities.
However, existing legacy systems thwart the growth of the smart sensors market. Convincing end users to employ smart TEDS sensors and the associated data acquisition systems, has become a major challenge and poor customer awareness only amplifies the problem.
Therefore, market participants must now convince prospective customers of the value of smart sensors by finding solutions that can integrate these sensors with existing legacy systems. This will require a considerable amount of support from the data acquisition system manufacturers.
“A considerable number of end users in the smart sensors market, especially in emerging end-user sectors, are not aware of the benefits offered by smart TEDS sensors,” says Sankaranarayanan. “One of the most important benefits of smart TEDS sensors is the ability to save cost, setup time, and labor.”
World Plug and Play Smart TEDS Sensors Markets is part of the Sensors and Instrumentation Growth Partnership Service. It provides a detailed analysis of the various smart TEDS that cater to a number of end-user segments. In this research, Frost & Sullivan's expert analysts thoroughly examine the following application segments: automotive, aerospace and defense, research labs, and other industrial applications. Interviews with the press are available.
About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective, and combines ongoing analysis of markets, technologies, econometrics, and demographics.