South America Non-Optical Sensors And Actuators Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Sensors, Pressure, Fingerprint, Magnetometer, Actuators), By End-User (Communication, Consumer Electronics, Automotive, Manufacturing), And By Country - Forecasts From 2022 To 2027

South America's non-optical sensors and actuators market was valued at a market size of US$539.689 million in 2020 and is estimated to grow at a compound annual growth rate of 5.84% to reach a market size of US$802.777 million in 2027. 

The growth is primarily attributable to the growing developments in space sensors and actuator technology. Sensors and actuators are the components of semiconductors that are designed for the assessment and delivery of changes in the physical environment. Sensors are mainly used to measure and quantify environmental factors such as humidity, heat, pressure, and many more, and work to convert their readings into electrical signals. Whereas actuators help in converting the signals into physical environmental changes, such as rotatory or linear motion, or changes in heat. The sensors and actuators are used in electronics, mining automation, and other manufacturing sectors as well. The increasing application of sensors and actuators in several sectors in South American countries is projected to contribute to the market growth during the forecast period.

Key drivers

 Non-optical sensors are used in electronics, consumer electronics, automotives,  chemicals, defense, oil, and gas. Non-optical sensors without using light as a medium, measure mechanical stress and its forms. They use a temperature sensor, a magnetic sensor, pressure sensor, and an inertia sensor. The growing demand for micro-electro-mechanical systems is boosting the growth in the non-optical and actuator markets as the demand for miniaturization of electronics has been rising in recent times. Wearable electronics are also expected to grow in the coming years, implying a bright future for non-optical sensors and actuators  Additionally, due to government regulations and aftermarket sales, the demand for the non-optical temperature sensor is also expected to grow.

The several types of non-optical sensors are piezo-resistive, resonant solid-state, electromagnetic, and capacitive sensors. These sensors are increasingly being used in various sectors, such as petrochemicals, automotives, consumer electronics, utilities, and industrial sectors. The expansion in the application of piezo technology is also expected to propel the actuator market. For instance, in March 2021, Physik Instrument (PI), the technology leader for piezo technology and high precision positioning applications, announced plans to acquire P.G.W.. the Japan-based company.

Latest developments

The rising developments in microcontrollers, which are used in non-optic sensors and actuators, are leading to improvised  performance of ono-optical sensors and actuators. Non-optical sensors and actuators are majorly used in space technologies. The development in this field is a driving factor for the non-optical sensor and actuator market. South American countries are working on research and development in the space sector. For instance, in July 2020, the National Commission for Space Activities, Argentina, announced the launch of a new satellite with advanced technology manufactured by the SAOCOM 1B satellite.

Furthermore, as non-optical sensors and actuators are widely applicable in the defense sector as well, the developments in the manufacturing of defense weapons or equipment are expected to propel the demand for non-optical sensors and actuators in South America. For instance, recently in December 2021, the Brazilian Air Force awarded a contract for multirole medium-altitude long-endurance, aerial vehicles, and the spare parts of these aerial vehicles. This contract has been awarded to AEL Sistemas with a huge investment.

Brazil is estimated to hold a significant share

Due to the increase in demand for non-optical sensors and actuators in the automotive industry, defence sector, and research and developments in space technology, the demand for non-optical; sensors and actuators is rising in these countries. Hence, it holds X.X% of the share in the non-optical sensor and actuator market in South America.  and is projected to show steady growth and dominate the market share during the forecast period.

South America Non-Optical Sensors And Actuators Market Scope:

Report Metric	Details
Market size value in 2020	US$539.689 million
Market size value in 2027	US$802.777 million
Growth Rate	CAGR of 5.84% from 2020 to 2027
Base year	2020
Forecast period	2022–2027
Forecast Unit (Value)	USD Million
Segments covered	Type, End-User, And Country
Regions covered	Brazil, Argentina, Others
Companies covered	Maxim Integrated, Analog Devices, Inc., NXP Semiconductor, INFINEON Technologies AG, STMicroelectronics, Robert Bosch GmbH, Panasonic Corporation
Customization scope	Free report customization with purchase

 

Segmentation

• By Type
  • Sensors
  • Pressure
  • Fingerprint
  • Magnetometer
  • Actuators
• By End-user
  • Communication
  • Consumer Electronics
  • Automotive
  • Manufacturing
• By Country
  • Brazil
  • Argentina
  • Others 

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