The global non-optical sensors market is projected to grow at a CAGR of 8.76% during the forecast period to reach US$22.104 billion by 2027, from US$12.280 billion in 2020.
A sensor is a device that converts signals and is used to measure or respond to environmental changes. In the case of magnetic field sensors, magnetic fields are used to detect changes in the environment. Non-optical sensors do not use light as a means of detecting mechanical stress on objects. Optical sensors include magnetic and pressure sensors, inertial and temperature sensors, etc. Automotive, client electronics, chemical, oil and gas, and defense industries employ non-optical sensors. The non-optical sensors market is divided into three categories: type, end-user industries, and geography.
The widespread application of non-optical sensors in various sectors is one of the major drivers propelling the global non-optical sensor market forward.
The market for non-optical sensors is predicted to grow fast throughout the forecast period, owing to the numerous applications of non-optical sensors across various end-use industries. For example, non-optical pressure sensors are employed in HVAC systems to monitor the condition of air filters. The use of pressure sensors improves GPS position accuracy. An attitude can be calculated by measuring barometric pressure due to a link between barometric pressure and altitude in the atmosphere. In addition, these are employed in wearables in assisted living facilities for patient monitoring. Piezo-resistive, electromagnetic, resonant solid-state, and capacitive sensors are examples of non-optical pressure sensors. In addition, increased partnerships in the market are expected to grow the market share of pressure non-optical sensors. For instance, in June 2021, Superior Sensor Technology and Angst+Pfister Sensors and Power, a company that specializes in sensors and power solutions, announced a collaboration in the field of application-focused pressure sensors. Through this partnership, Superior Sensor's pressure sensors for HVAC, medical, and industrial applications will be promoted, distributed, and supported in Europe by Angst+Pfister Sensors and Power. Furthermore, the increased use of mobile phones is driving the demand for magnetic sensors. In June 2021, for example, Crocus, a leading producer of magnetic sensors for the industrial, consumer electronics, and IoT markets, announced a distribution deal with Heilind Electronics, a prominent distributor of electrical components globally. Sensors are increasingly being used in various industries, including automotive, petrochemicals, consumer electronics, industrial, and utilities.
In automated medicine administration systems, non-optical pressure sensors have been demonstrated to ensure that patients receive the exact amount. As a result, during the next five years, the market is predicted to grow rapidly. Two key forces pushing the use of medication delivery systems are the increased prevalence of chronic diseases such as diabetes and respiratory ailments. Furthermore, market demand is being driven up by the growing older population, which is suffering from age-related diseases. The National Institutes of Health expects a 54 percent increase in diabetes prevalence in the United States between 2015 and 2030, affecting approximately 54.9 million individuals.
The rising demand for distributed temperature sensors (DTS) is also likely to boost the growth of the global non-optical sensor market during the forecast period.
The demand for distributed temperature sensors (DTS) that can continually record temperature propels the non-optical sensors' market forward. DTS has a high degree of precision in estimating temperature over long distances, as well as various other benefits like cost-effectiveness, shock and vibration resistance, and uncertainty reduction. Additionally, due to their small size, they are simple to install in pipes and ducts, and as a result, their applications are expected to drive non-optical sensors market growth over the forecast period. Furthermore, manufacturers must maintain the proper temperature for quality control and assurance of food and drinks, which would increase demand for temperature sensors, boosting the non-optical sensors market. Moreover, temperature sensors are used in the oil and gas industry to monitor the temperature of machine drills to prevent overheating due to high temperatures. However, in the projected term, accuracy and calibration concerns during sensor fusion, as well as packaging issues and reliance on end-products, may act as limitations on the worldwide non-optical sensors market's growth.
During the projected period, the Asia Pacific and North America are expected to hold a significant proportion of the global non-optical sensors market.
Based on geography, the global non-optical sensors market is segmented into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. The Asia Pacific is likely to hold a substantial share of the global non-optical sensors market throughout the forecast period. The presence of major automakers in Japan, such as Toyota, Honda, Nissan, Suzuki, and Mitsubishi Motors, will be a crucial driver driving market growth in this region. Furthermore, key manufacturers in this region, such as Xiaomi, Samsung, LG, HTC, and ZTE, are expected to raise the demand for pressure sensors as a result of the recent trend of miniaturization in consumer electronics and mobile devices. In the coming years, this will help to boost the semiconductor sensors industry ahead. North America, on the other hand, is supposed to hold a significant share of the non-optical sensor market throughout the forecast period, owing to a surge in automobile sales and stringent regulations in the region, such as the mandatory installation of tire pressure monitors and electronic stability control systems. For instance, in March 2006, the International Organization for Standardization (ISO) published ISO 21750: 2006, an international standard for tire pressure monitor systems. The SAE J 2657 standard for tire pressure monitoring systems for light cars was produced by the American Society of Automotive Engineers in December 2004.
COVID-19 Insights
COVID-19 had many implications in a variety of industries. The use of pressure sensors in medical ventilators had a favorable impact on market demand in 2020 due to the spike in demand for ventilators to treat patients suffering from terrible sickness during the pandemic. Furthermore, because of the rise in consumer electronics during the pandemic, this sector had a positive impact on market growth. However, due to the closure of industrial facilities due to workforce shortages, work-from-home policies, and lockdown actions, the market in several industries shrank marginally in 2020.
Market Segmentation:
Industrial
Pressure
Temperature
Fingerprint
Magnetometer
Inertial
Others
Communication
Consumer Electronics
Automotive
Manufacturing
Others
North America
South America
Europe
- Germany
- France
- United Kingdom
- Spain
- Others
Middle East and Africa
- Saudi Arabia
- Israel
- Others
Asia Pacific
- China
- Japan
- South Korea
- India
- Thailand
- South Korea
- Taiwan
- Indonesia
- Others
TABLE OF CONTENTS
1. INTRODUCTION
- 1.1. Market Definition
- 1.2. Market Segmentation
2. RESEARCH METHODOLOGY
- 2.1. Research Data
- 2.2. Assumptions
3. EXECUTIVE SUMMARY
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 Powers of Buyers
- 4.3.3. Threat of Substitutes
- 4.3.4. Threat of New Entrants
- 4.3.5. Competitive Rivalry in Industry
- 4.4. Industry Value Chain Analysis
5. GLOBAL NON-OPTICAL SENSORS MARKET, BY TYPE
- 5.1. Introduction
- 5.2. Pressure
- 5.3. Fingerprint
- 5.4. Temperature
- 5.5. Magnetometer
- 5.6. Inertial
- 5.7. Others
6. GLOBAL NON-OPTICAL SENSORS MARKET, BY END-USER INDUSTRY
- 6.1. Introduction
- 6.2. Communication
- 6.3. Consumer Electronics
- 6.4. Automotive
- 6.5. Manufacturing
- 6.6. Others
7. GLOBAL NON-OPTICAL SENSORS MARKET, BY GEOGRAPHY
- 7.1. Introduction
- 7.2. North America
- 7.2.1. United States
- 7.2.2. Canada
- 7.2.3. Mexico
- 7.3. South America
- 7.3.1. Brazil
- 7.3.2. Argentina
- 7.3.3. Others
- 7.4. Europe
- 7.4.1. Germany
- 7.4.2. France
- 7.4.3. United Kingdom
- 7.4.4. Spain
- 7.4.5. Others
- 7.5. Middle East and Africa
- 7.5.1. Saudi Arabia
- 7.5.2. Israel
- 7.5.3. Others
- 7.6. Asia Pacific
- 7.6.1. China
- 7.6.2. Japan
- 7.6.3. South Korea
- 7.6.4. India
- 7.6.5. Thailand
- 7.6.6. South Korea
- 7.6.7. Taiwan
- 7.6.8. Indonesia
- 7.6.9. Others
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
- 8.1. Major Players and Strategy Analysis
- 8.2. Emerging Players and Market Lucrativeness
- 8.3. Mergers, Acquisition, 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
- 9.6. STMicroelectronics
- 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
