Commercialization and application-driven economic viability of sensor technology

Sensor technology often provides cost-effective solutions for a large range of applications. Miniaturization and standardization have become critical drivers for cost reduction in the design and development process, giving rise to a new era of smart sensors. These devices contain more components, but normally provide significant cost savings due to wider applicability and mass production. This chapter introduces the key topics that engineers need to understand during the development of sensor technologies for commercially successful products.