Global Non-Optical Sensors Market 2017-2021

Global outlook of the non-optical sensors market

Technavio’s market research analysts predict the global non optical sensors market to grow steadily during the forecast period and post a CAGR of almost 9% by 2021. This industry research report identifies the increased importance of temperature sensors in food, beverage, and oil and gas industry to be one of the major factors that will have a positive impact on the growth of this market in the coming years. The need to ensure the quality assurance of food products across the various stages of production induces food and beverage manufacturers to maintain optimal temperatures to maintain the freshness of their food products. This will increase the demand for temperature sensors, in turn, aiding market growth. Additionally, temperature sensors are increasingly used by the oil and gas industry in reading the temperature of machine drills to eliminate the possibility of machine overheating or break down due to high temperatures, which will also drive the growth of the non-optical sensors market in the coming years.

One of the major factors that will gain traction in the non-optical sensors market is the growth in demand for distributed temperature sensors (DTS) that can be used to continuously record temperatures. DTS has high accuracy in determining temperature over long distances and have several other advantages including cost-effectiveness, immunity to shock and vibrations, and reduced uncertainty. Moreover, their miniature size makes it easy to fit them fit into pipes and ducts and there will be an increase in their adoption especially in long length applications such as power cables, tunnels, and pipes.

Competitive landscape and key vendors

The non-optical sensors market is characterized by the presence of a number of sensor manufacturing companies and appears to be highly fragmented. With all vendors competing to increase their revenue shares, the market appears to be highly competitive. With the increasing demand for different sensors from various industries such as the consumer electronics, automobiles, and defense and aerospace, the market’s competitive environment will further intensify in the coming years. To sustain the competition and improve their revenue shares, sensor manufacturers have the need to distinguish their product and service offerings through a clear and unique value proposition. In addition to developing new technologies vendor should also stay updated on advanced technologies that will impact their product lines, which will help them remain competitive in the semiconductor sensors market.

The leading vendors in the market are -

• Allegro MicroSystems
• Infineon Technologies
• Micronas Semiconductor Holding
• Robert Bosch
• DENSO
• Sensata Technologies
• Freescale Semiconductor
• Honeywell International
• Microchip Technology
• NXP Semiconductors
• Panasonic
• STMicroelectronics
• Texas Instruments
• Asahi Kasei Microdevices
• Bosch Sensortec
• InvenSense

The other prominent vendors in the market are ABB, Analog Devices, Delphi Automotive, Emerson, General Electric, Melexis Microelectronic Integrated Systems, MEMSI, Maxim Integrated, Schneider Electric, and Siemens.

Segmentation by type and analysis of the non-optical sensors market

• Temperature sensors
• Pressure sensors
• Magnetic field sensors
• Inertial sensors

During 2016, the inertial sensors segment accounted for the major market shares and dominated the semiconductor sensors market. The increasing demand for smartphones and tablets will be a major factor aiding market growth. Furthermore, the rise in demand for vehicle automation and regulations from the governments of various countries across the globe that mandate the usage of automotive safety sensors, will also fuel the growth of this market segment in the non-optical sensors market. 

Geographical segmentation and analysis of the non-optical sensors market

• Americas
• APAC
• EMEA

According to this market research and analysis, APAC will be the major revenue contributor to the non-optical sensors market throughout the predicted period. The presence of the major automotive manufacturers such as Toyota Motor, Honda Motor, Nissan Motor, Suzuki Motor, and Mitsubishi Motors in Japan will be a major factor fueling market growth in this region. Additionally, the recent trend of miniaturization of consumer electronics and mobile devices that will increase the demand for pressure sensors from major manufacturers in this region including Xiaomi, Samsung, LG, HTC, and ZTE, will also boost market growth of the semiconductor sensors market in the coming years.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global non-optical sensors market?
• What are the key market trends impacting the growth of the global non-optical sensors market?
• What are the challenges to market growth?
• Who are the key vendors in the global non-optical sensors market?
• What are the market opportunities and threats faced by the vendors in the global non-optical sensors market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global non-optical sensors market?

Technavio also offers customization on reports based on specific client requirement.

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