Global Non-Optical Sensors Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Industrial, Pressure, Temperature, Fingerprint, Magnetometer, Inertial, Others), By End-User Industries (Communication, Consumer Electronics, Automotive, Manufacturing, Others), And By Geography - Forecasts From 2022 To 2027
- Published : May 2023
- Report Code : KSI061612571
- Pages : 130
The global non-optical sensors market is estimated to grow at a CAGR of 8.77% to reach US$$25.536 billion in 2028 from US$14.174 billion in 2021. Non-optical sensors are widely used in a variety of sectors, including the automobile, electronics consumer, chemical, oil and gas, and defense industries. The need for non-optical sensors is also increasing as a result of technological advancements like the miniaturization of sensors.
Several businesses have collaborated to advance research and development, and introduce ground-breaking products that will upsurge the market for non-optical sensors throughout the forecast period.
These sensors, due to their high-speed and high-precision capabilities, have become essential for accomplishing industrial automation. Industrial automation is using industrial robots. These robots' essential components are sensors and actuators. In terms of industrial robot adoption, the United States, China, and Japan are setting the pace. As demand for robot-specific products increases, businesses have widened their commercial activities by establishing partnership agreements. The market demand for non-optical sensors and actuators has thus also been influenced by such market changes.
Furthermore, in September 2021, ERNI Group AG (ERNI), a leader in electrical connectivity for industrial automation and autos, was bought by TE Connection, a global leader in connectivity and sensors. With the acquisition of ERNI, TE Connection expanded its portfolio with a wider selection of connection products, particularly in the area of high-speed and fine-pitch connectors for industrial, automotive, and automation applications. Additionally, in November 2022, Melexis introduced a new line of PCB-free pressure sensor ICs that provide the highest level of accuracy over the longest possible lifetime. The final generation of ICEs is greener in every situation as a result of this outstanding performance. Also, ATO, a well-known producer of industrial automation technology, introduced a new line of high-performance pressure sensors in April 2023. These sensors are made to detect pressure with precision and dependability in a range of applications, including those involving air, water, oil, steam, and fuel oil.
The demand for sensors is predicted to increase due to their expanding usage in industrial applications such as medical breathing devices, water purifiers, for monitoring the pressure of a vehicle's vital fluids, and alarm systems.
For instance, in November 2022, the full lineups and the beginning of volume production of AMR magnetic sensors were announced at Electronica and Electronica South China by MultiDimension Technology Co., Ltd. (MDT), a major producer of magnetic sensors with a focus on AMR (anisotropic magnetoresistance) and TMR (tunneling magnetoresistance) technologies. AMR angle, magnetic scale, linear, and switch sensors are all included in MDT's AMR sensor range. Non-optical sensors are being used in various applications due to their small size and easy accessibility. For instance, the first satellite for Steve Wozniak and Alex Fielding's start-up, Privateer, called "Pono 1," was launched into orbit on February 11, 2022. The company's goal is to become the Google Maps of space. There are 42 sensors on board the spacecraft, including 12 optical cameras and 30 non-optical ones. According to KVH Industries, Inc., the P-1775 inertial measurement unit (IMU) with KVH's revolutionary PIC InsideTM photonic integrated chip (PIC) technology was also released. The growth in technological advancements and the use of non-optical sensors is anticipated to upsurge the market during the forecast period.
Asia Pacific is expected to grow owing to the presence of major automotive manufacturers and the growing trend of miniaturization of consumer electronics.
The global non-optical sensors market by geography is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. Asia is the global manufacturing hub where the applicability of non-optical sensors such as magnetic and pressure sensors is increasing in major end-users such as automotive and consumer electronics. The growing trend of miniaturization of electronic devices coupled with an increase in smartphone penetration is further expected to boost the market demand for non-optical sensors since they are used for continuous monitoring of battery temperature. According to the China Academy of Information and Communication, the country’s domestic smartphone shipment witnessed a 15.9% increase in comparison to 2020, and also as per the GSM Association’s “Mobile Economy Report 2023” China’s smartphone penetration is expected to reach 89% by 2030.
- in 2021, Vesper Technologies, a sensor manufacturer, raised $8 million in order to expand into new markets. This funding was led by Applied Venture which enabled Vesper to scale the production of its microphones and allowed it to enter the new sensors market.
- in 2020, TE Connectivity, a leading sensor manufacturer, acquired First Sensor AG, a German-based sensor solutions provider. This acquisition expanded TE Connectivity's product portfolio, including its communication-enabled sensor offerings.
- in 2021, Honeywell launched its Smart Line Wireless Pressure Transmitter, a communication-enabled non-optical sensor that provides accurate and reliable pressure measurements in industrial applications.
Global Non-Optical Sensors Market Scope:
|Market size value in 2020||US$12.280 billion|
|Market size value in 2027||US$22.104 billion|
|Growth Rate||CAGR of 8.76% from 2020 to 2027|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Type, End-User Industries, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Texas Instruments Incorporated, Analog Devices, Inc., Maxim Integrated, NXP Semiconductors, Infineon Technologies AG, STMicroelectronics, ON Semiconductor, Vishay Intertechnology, Inc., ROHM SEMICONDUCTOR, Robert Bosch GmbH, TE Connectivity, TDK Corporation, OMRON Corporation, Sensirion AG, Panasonic Corporation|
|Customization scope||Free report customization with purchase|
- By Type
- Inertial Sensor
- Pressure Sensor
- Chemical/Gas Sensor
- Magnetic Sensor
- By End-User Industries
- Consumer Electronics
- By Geography
- North America
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- South Korea
- North America
Frequently Asked Questions (FAQs)
Q1. What will be the non-optical sensors market size by 2027?
A1. The global non-optical sensors market is projected to reach a total market size of US$22.104 billion by 2027.
Q2. What is the size of the global non-optical sensors market?
A2. Non-Optical Sensors Market was valued at US$12.280 billion in 2020.
Q3. What are the growth prospects for the non-optical sensors market?
A3. The non-optical sensors market is projected to grow at a CAGR of 8.76% over the forecast period.
Q4. What factors are anticipated to drive the non-optical sensors market growth?
A4. The widespread application of non-optical sensors in various sectors is one of the major drivers propelling the global non-optical sensor market growth.
Q5. Which region holds the largest market share in the non-optical sensors market?
A5. The Asia Pacific and North America are expected to hold a notable share in the global non-optical sensors market during the forecast period.
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
2.3. Research Design
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. GLOBAL NON-OPTICAL SENSORS MARKET ANALYSIS, BY TYPE
5.2. Inertial Sensor
5.3. Pressure Sensor
5.4. Chemical/Gas Sensor
5.5. Magnetic Sensor
6. GLOBAL NON-OPTICAL SENSORS MARKET ANALYSIS, BY END-USER INDUSTRY
6.3. Consumer Electronics
7. GLOBAL NON-OPTICAL SENSORS MARKET ANALYSIS, BY GEOGRAPHY
7.2. North America
7.2.1. North America Non-Optical Sensors Market, By Type, 2021 to 2028
7.2.2. North America Non-Optical Sensors Market, By End User Industry, 2021 to 2028
7.2.3. By Country
7.3. South America
7.3.1. South America Non-Optical Sensors Market, By Type, 2021 to 2028
7.3.2. South America Non-Optical Sensors Market, By End User Industry, 2021 to 2028
7.3.3. By Country
7.4.1. Europe Non-Optical Sensors Market, By Type, 2021 to 2028
7.4.2. Europe Non-Optical Sensors Market, By End User Industry, 2021 to 2028
7.4.3. By Country
126.96.36.199. United Kingdom
7.5. Middle East and Africa
7.5.1. Middle East and Africa Non-Optical Sensors Market, By Type, 2021 to 2028
7.5.2. Middle East and Africa Non-Optical Sensors Market, By End User Industry, 2021 to 2028
7.5.3. By Country
188.8.131.52. Saudi Arabia
7.6. Asia Pacific
7.6.1. Asia Pacific Non-Optical Sensors Market, By Type, 2021 to 2028
7.6.2. Asia Pacific Non-Optical Sensors Market, By End User Industry, 2021 to 2028
7.6.3. By Country
184.108.40.206. South Korea
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. COMPANY PROFILES
9.1. Texas Instruments Incorporated
9.2. Analog Devices, Inc.
9.3. Maxim Integrated
9.4. NXP Semiconductors
9.5. Infineon Technologies AG
9.7. ON Semiconductor
9.8. Vishay Intertechnology, Inc.
9.9. ROHM SEMICONDUCTOR
9.10. Robert Bosch GmbH
9.11. TE Connectivity
9.12. TDK Corporation
9.13. OMRON Corporation
9.14. Sensirion AG
9.15. Panasonic Corporation
Texas Instruments Incorporated
Analog Devices, Inc.
Infineon Technologies AG
Vishay Intertechnology, Inc.
Robert Bosch GmbH
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