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Smart Sensors in 2024: Trends, Forecasts, and Industry Insights | Exactitude Consultancy [Yahoo! Finance]
Last analog devices, inc. earnings: 2/19 08:00 am
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Luton, Bedfordshire, United Kingdom, Nov. 14, 2024 (GLOBE NEWSWIRE) -- The smart sensors market is witnessing significant growth, fueled by factors such as government initiatives supporting the construction of green buildings and the increasing demand for predictive maintenance in various industries. These sensors play a crucial role in modern applications like machine-to-machine communication, analytics, and process monitoring, where they detect changes in parameters like temperature, pressure, and acceleration. The automotive, defense, sports, and electronics sectors, along with smart grids, cities, and environmental systems (such as forest fire detection and earthquake monitoring), all benefit from the use of these advanced sensors. Smart sensors offer substantial advantages over traditional models by enabling automated, real-time data collection with improved accuracy. As the adoption of the Internet of Things (IoT) and automation in vehicles expands, the demand for smart senso
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