| Product Code: ETC5552504 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Grenada`s smart sensors import market saw significant growth in 2024, with top exporting countries including the USA, Trinidad and Tobago, China, Canada, and Panama. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive compound annual growth rate (CAGR) of 22.1% from 2020 to 2024 highlights a thriving industry. The growth rate of 11.37% from 2023 to 2024 suggests continued momentum and opportunity for further expansion in the smart sensors sector in Grenada.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Smart Sensors Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Smart Sensors Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Smart Sensors Market - Industry Life Cycle |
3.4 Grenada Smart Sensors Market - Porter's Five Forces |
3.5 Grenada Smart Sensors Market Revenues & Volume Share, By Sensor Type, 2021 & 2031F |
3.6 Grenada Smart Sensors Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Grenada Smart Sensors Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.8 Grenada Smart Sensors Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Grenada Smart Sensors Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for smart home technology in Grenada |
4.2.2 Government initiatives to promote smart city projects in Grenada |
4.2.3 Growing awareness about the benefits of IoT devices and sensors |
4.3 Market Restraints |
4.3.1 High initial costs associated with deploying smart sensor technology |
4.3.2 Limited technological infrastructure in certain regions of Grenada |
4.3.3 Concerns about data privacy and security hindering adoption |
5 Grenada Smart Sensors Market Trends |
6 Grenada Smart Sensors Market Segmentations |
6.1 Grenada Smart Sensors Market, By Sensor Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Smart Sensors Market Revenues & Volume, By Temperature & Humidity Sensors, 2021-2031F |
6.1.3 Grenada Smart Sensors Market Revenues & Volume, By Pressure Sensors, 2021-2031F |
6.1.4 Grenada Smart Sensors Market Revenues & Volume, By Flow Sensors, 2021-2031F |
6.1.5 Grenada Smart Sensors Market Revenues & Volume, By Touch Sensors, 2021-2031F |
6.1.6 Grenada Smart Sensors Market Revenues & Volume, By Image Sensors, 2021-2031F |
6.1.7 Grenada Smart Sensors Market Revenues & Volume, By Motion & Occupancy Sensors, 2021-2031F |
6.2 Grenada Smart Sensors Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Grenada Smart Sensors Market Revenues & Volume, By MEMS, 2021-2031F |
6.2.3 Grenada Smart Sensors Market Revenues & Volume, By CMOS, 2021-2031F |
6.2.4 Grenada Smart Sensors Market Revenues & Volume, By Others, 2021-2031F |
6.3 Grenada Smart Sensors Market, By Component |
6.3.1 Overview and Analysis |
6.3.2 Grenada Smart Sensors Market Revenues & Volume, By Analog-to-Digital Converters (ADC), 2021-2031F |
6.3.3 Grenada Smart Sensors Market Revenues & Volume, By Digital-to-Analog Converters (DAC), 2021-2031F |
6.3.4 Grenada Smart Sensors Market Revenues & Volume, By Transceivers, 2021-2031F |
6.3.5 Grenada Smart Sensors Market Revenues & Volume, By Amplifiers, 2021-2031F |
6.3.6 Grenada Smart Sensors Market Revenues & Volume, By Microcontrollers, 2021-2031F |
6.3.7 Grenada Smart Sensors Market Revenues & Volume, By Others, 2021-2031F |
6.4 Grenada Smart Sensors Market, By End-user Industry |
6.4.1 Overview and Analysis |
6.4.2 Grenada Smart Sensors Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.4.3 Grenada Smart Sensors Market Revenues & Volume, By Automotive, 2021-2031F |
6.4.4 Grenada Smart Sensors Market Revenues & Volume, By Biomedical & Healthcare, 2021-2031F |
6.4.5 Grenada Smart Sensors Market Revenues & Volume, By Industrial Automation, 2021-2031F |
6.4.6 Grenada Smart Sensors Market Revenues & Volume, By Building Automation, 2021-2031F |
6.4.7 Grenada Smart Sensors Market Revenues & Volume, By Consumer Electronics, 2021-2031F |
7 Grenada Smart Sensors Market Import-Export Trade Statistics |
7.1 Grenada Smart Sensors Market Export to Major Countries |
7.2 Grenada Smart Sensors Market Imports from Major Countries |
8 Grenada Smart Sensors Market Key Performance Indicators |
8.1 Percentage increase in the number of smart sensor installations in Grenada |
8.2 Average energy efficiency improvement achieved through smart sensor implementation |
8.3 Number of partnerships between sensor manufacturers and local businesses in Grenada |
8.4 Rate of adoption of smart sensor technology by Grenadian households and businesses |
9 Grenada Smart Sensors Market - Opportunity Assessment |
9.1 Grenada Smart Sensors Market Opportunity Assessment, By Sensor Type, 2021 & 2031F |
9.2 Grenada Smart Sensors Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Grenada Smart Sensors Market Opportunity Assessment, By Component, 2021 & 2031F |
9.4 Grenada Smart Sensors Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Grenada Smart Sensors Market - Competitive Landscape |
10.1 Grenada Smart Sensors Market Revenue Share, By Companies, 2024 |
10.2 Grenada Smart Sensors Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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