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INDUSTRIES
&
MARKETSSensors
&
Actuators:
marketdata
&
analysisMarket
Insights
reportSeptember2023Table
of
ContentsOverviewAppendixSummary567ProductOverviewAuthor1415MarketDefinitionKeyTakeawaysMarket
NumbersMarketsize9RegionalComparison102MARKET
INSIGHTSThis
report
is
part
ofour
Market
Insights
productGainabetterunderstandingofmarketsacross190+
geographicalentities
–
onaglobal,
regional,country,
and/orstatelevel.
Accessourdatavia
webinterface,download(XLS,
PDF,PPT),or
reports.Benefitfromour48-hourcustomerservice
guarantee.•
10
sectors:
advertising&media,consumers,countries,digital
sector,finance,health,
industrialsector,mobility,andtechnology•
1,000+
markets,
e.g.,
FinTech,Food,or
Robotics•
KPIs,
e.g.,
revenue,marketshares,prices,andvolume•
Features:Compare
countries®ions,
change
currencies,
selectvisualizations,
and/or
customize
downloads•
Usecases:
sales
planning,
investment
decision
support,resourceallocation,andportfolio
management10sectors190+geographicalentities1,000+markets400+reportsFind
out
more
on:https://www.Goto
Market
Insightscom/outlook/3CHAPTER
1OverviewThe
marketfor
sensors
and
actuators
will
continue
to
grow
for
5
years
as
aresult
of
smaller
size
and
better
performanceOverview:
summarySummaryTheSensors
&Actuatorsmarket
isexpected
to
continue
to
grow
over
thenextfiveyears,
driven
bythedemandforsensors
andactuatorsofsmaller
sizeandincreased
performance
inindustrialautomation,consumer
electronics,
Internetof
Things
(IoT),andimplantableelectronic
applications.Thegrowing
demand
forMEMS
sensors
used
inadvanceddriver
assistance
systems
(ADAS),which
supportincreasing
road
safety,would
furtherdrive
this
market.Overall,
themarket
is
expected
toshow
anannualgrowth
rate(CAGR)of
nearly10%
inthenext
fiveyears.
TheAsianregion
especially
remains
to
bethelargestmarket
forsensors
and
actuatorsinthistime.5Sources:MarketInsights
2023Sensors
&
Actuators
is
an
important
part
of
the
Semiconductors
marketOverview:
market
definitionDefinition:governments
(B2G).TheSensors
&
Actuatorsmarket
includessemiconductor
devices
thataremadeformeasuring
physical,chemical,
and
biological
properties
suchastemperature,
pressure,
and
acceleration,
as
well
asgyroscopes
sensors,
andmicroelectromechanical
(MEMS)
devices
thatconvert
electrical
signalsintophysicalactionsindevices
such
asrelays,
digitalmicromirrors,
etc.Key
players
inthis
market
includeTexas
Instruments,NXPSemiconductors,
STMicroelectronics,
Amphenol
Corporation,
etc.,AdditionalInformation:TheSensors
&
Actuatorsmarket
comprises
revenue
and
revenue
changeasthekey
performance
indicators.
Onlytherevenues
thataregenerated
byprimaryvendors
atthemanufacturer
pricelevel
either
directly
or
throughdistributionchannels
(excludingvalue-added
tax)are
includedand
therevenues
generated
byresellers
areexcluded.
Revenues
are
generated
through
bothonlineandofflinesales
channelsandincludespending
byconsumers
(B2C),enterprises
(B2B),
and6Sources:MarketInsights
2023Sensors
&
Actuators
accounted
for
3.79%
of
the
Semiconductors
marketrevenue
in
2022Overview:
key
takeaways
and
inscope
/outof
scopeKeyTakeawaysInscopeOutof
scopeRevenue
intheSensors
&Actuatorsmarket
isprojected
toreach
US$22bn
in2023.Thissegment
includes:Thissegment
excludes:Revenue
is
expected
toshow
anannualgrowth
rate(CAGR2023-2027)
of
9.24%,resulting
inamarket
volume
of
0.00
by2027.•Temperature
sensors•Pressure
sensors•Opticalsensors•Imagesensors•MotorsInglobalcomparison,
most
revenue
will
begenerated
inChina(US$7,688m
in2023).•Acceleration
sensors•Yaw
and
Spinratesensors•Magneticsensors•MEMS
devices7Sources:MarketInsights
2023CHAPTER
2Market
NumbersSensors
&
Actuators
revenues
are
estimated
to
increase
at
a
CAGR(1)
of
9.5%from2016
to
2027Market
Size:
globalRevenue
forecast
inbillionUS$31.328.9+9.5%(1)26.423.223.022.020.416.415.114.613.611.62016201720182019202020212022202320242025202620279Notes:(1)
CAGR:
Compound
Annual
GrowthRateSources:MarketInsights
2023With
revenue
of
US$
16.2
billion,
Asia
is
the
biggest
market
among
selectedregions
in
2022Market
Size:
regional
comparison
(1/2)Revenue
forecast
inbillionUS$+6.6%(1)22.316.2+5.3%(1)+4.9%(1)5.44.10.0%(1)+8.4%(1)3.32.60.10.10.20.32022202720222027202220272022202720222027EuropeAfricaAmericasAsiaAustralia10
Notes:Sources:(1)
CAGR:
Compound
Annual
GrowthRateMarketInsights
2023With
revenue
of
US$
8.0
billion,
China
is
the
biggest
market
among
selectedcountries
in
2022Market
Size:
regional
comparison
(2/2)Revenue
forecast
inbillionUS$+6.0%(1)10.78.0+7.1%(1)4.8+4.5%(1)3.4+5.0%(1)+5.6%(1)2.11.71.41.11.10.82022202720222027202220272022202720222027ChinaJapanUnited
StatesGermanySouthKorea11
Notes:Sources:(1)
CAGR:
Compound
Annual
GrowthRateMarketInsights
2023Sensors
&
Actuators
volume
is
estimated
to
increase
from
2016
to
2027Market
Size:
GlobalVolume
forecast
inbillion7060.458.26056.053.851.649.447.25045.241.541.938.640
35.9302010020162017201820192020202120222023202420252026202712
Notes:Sources:(1)
CAGR:
Compound
Annual
GrowthRateMarketInsights
2023CHAPTER
3AppendixMARKET
INSIGHTSMarket
Insights
–
market
data,forecasts,
and
qualitative
insightsGainabetterunderstandingofmarketsacross190+
geographicalentities
–
onaglobal,
regional,country,
and/orstatelevel.
Accessourdatavia
webinterface,download(XLS,
PDF,PPT),or
reports.Benefitfromour48-hourcustomerservice
guarantee.•
10
sectors:
advertising&media,consumers,countries,digital
sector,finance,health,
industrialsector,mobility,andtechnology•
1,000+
markets,
e.g.,
FinTech,Food,or
Robotics•
KPIs,
e.g.,
revenue,marketshares,prices,andvolume•
Features:Compare
countries®ions,
change
currencies,
selectvisualizations,
and/or
customize
down
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