Sensor Testing Market

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Sensor Testing Market by Offering (Oscilloscope, Multimeter, Spectrum Analyzer, Signal Generator), Software, Sensor Type (Analog, Digital Sensors), Application (Automotive, Consumer Electronics, Aerospace, Healthcare, Industrial) - Global Forecast to 2028

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Report Code: SE 8771 Aug, 2023, by marketsandmarkets.com

[244 Pages Report] Global sensor testing market size is estimated to be worth USD 1.8 billion in 2023 and is projected to reach USD 2.4 billion by 2028, at a CAGR of 6.1% during the forecast period.

The growing demand for sensor testing in hybrid and autonomous vehicles and the rising adoption of IoT is contributing to this market growth. The market is likely to witness increased demand for specialized testing methodologies, customized solutions, and the integration of AI and analytics, ultimately driving innovation and global market reach while addressing the evolving complexities of modern sensor applications.

Sensor Testing Market

Sensor Testing Market Forecast to 2028

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Sensor Testing Market Trends

Driver: Surging demand for sensors in hybrid and autonomous vehicles

The demand for sensor testing in the automotive industry has increased significantly due to the growing complexity of automotive systems and the increasing adoption of advanced driver-assistance systems (ADAS) that rely heavily on sensor technology. Sensor testing is critical in the automotive industry to ensure that sensors are functioning accurately and providing correct data. Automotive sensors are used to monitor various aspects of vehicle performance, such as speed, acceleration, temperature, pressure, and proximity, among others. Therefore, the accurate and reliable operation of these sensors is crucial to the safe and efficient operation of the vehicle. In addition, the automotive industry is constantly evolving, with new technologies and innovations emerging regularly. This requires continuous sensor testing to ensure that sensors are compatible with new systems and technologies and that they function correctly under various conditions and environments.

Restraint: High cost of sensor testing equipment

While using a sensor tester, there are several costs that may be incurred as part of the testing process includes, including equipment costs, labor costs, material costs, maintenance and calibration cost, and downtime costs. These equipment are expensive for a variety of reasons as the research and development expenses for equipment designing, cost of production, maintenance, and servicing. The complexity of the sensors themselves is one of the factors contributing to their high cost. Testing can be a time-consuming process that needs qualified workers to complete depending on the complexity of the sensor and the testing processes involved. This may lead to higher labor expenses or a delay in the release of products. There are numerous types of sensors, each having its own unique characteristics and specification for performance. It takes a lot of research and development work, which can be expensive, to create testing apparatus that can precisely and consistently test all these distinct types of sensors.

Opportunity: Growing demand for sensors in emerging markets such as automotive and consumer electronics

In many industries, such as automotive and consumer electronics, there is a strong focus on industrialization and modernization, which is driving the adoption of advanced technologies such as sensors. Sensors play a critical role in enabling automation and digitization by collecting and transmitting data that can be used to optimize processes, improve efficiency, and reduce costs. As product design and development become more complex, the need for highly accurate, sophisticated sensors for test and measurement applications will increase. Moreover, manufacturers are increasing their production of sensors to meet this demand. This increased production leads to a greater need for testing to ensure that the sensors are functioning properly and meeting the required specifications. With growing technology and demand for new sensor applications, manufacturers are increasingly investing in quality control measures to ensure that their products meet the required standards and are reliable. The increasing demand for sensor testing in emerging markets such as China and India is being driven by a range of factors, including technological advancements, the need for quality control, and government regulations. This trend is expected to continue as these regions continue to invest in innovation and new technologies. This has led to an increased demand for sensors, which creates an opportunity for sensor testing companies to expand their services to these regions.

Challenge: Lack of common standardization

There are various types of sensors, such as temperature, moisture, gas, proximity, motion, light, sound, humidity, and chemical, among others. These sensors need to undergo testing to verify their performance and functionality and to ensure they deliver reliable and accurate sensing data. However, without common standards for sensor testing, different testing labs use several test methods for evaluating sensors, such as visual inspection, functional testing, calibration testing, and environmental and performance testing. Therefore, it can be difficult to compare the effectiveness of various sensors because of variations in testing results with diverse methods used. Moreover, many devices and systems, such as home automation systems, automotive systems, medical devices, and industrial control systems, depend on sensors, so reliable and precise performance is essential.

Sensor Testing Market Ecosystem

Sensor Testing Market by Ecosystem

Sensor Testing Market: Key Trends

TE Connectivity Ltd. (Switzerland), National Instruments Corp. (US), Keysight Technologies, Inc. (US), Fluke Corporation (US), and Rohde & Schwarz GmbH & Co. KG (Germany) are the top players in the sensor testing market. These sensor testing companies boast sensor trends with a comprehensive product portfolio and solid geographic footprint.

Software to grow at the highest CAGR in the offering segment of the sensor testing market during 2023-2028.

Software facilitates efficient, accurate, and systematic evaluation of sensor performance. It provides a structured framework for designing and executing complex testing scenarios, enabling the simulation of diverse real-world conditions that might be impractical or hazardous to replicate physically. Software-driven sensor testing allows for precise control over test parameters, data collection, and analysis, ensuring consistency and repeatability in results. Through automated routines and advanced algorithms, the software accelerates testing processes, reduces human error, and enables rapid iteration and optimization. Additionally, software platforms offer intuitive data visualization tools and statistical analysis capabilities that aid in deciphering sensor behavior, identifying anomalies, and making informed decisions, ultimately leading to enhanced sensor reliability and effectiveness across various industries and applications.

Industrial application to grow at the highest CAGR of the sensor testing market during the forecast period.

In industrial applications, the emphasis of sensor testing lies in performance verification. This entails assessing crucial aspects such as the sensor's response time, linearity, repeatability, sensitivity, and robustness. Through performance testing, the sensor's adherence to specified requirements is confirmed, along with its ability to withstand the demanding operational conditions typically encountered in industrial environments. In industrial applications, sensor testing encompasses environmental testing as well. This involves subjecting sensors to extreme temperatures, humidity, vibrations, and other environmental factors. By conducting environmental testing, the sensors' capacity to endure these conditions while preserving their performance and durability is ensured. This process aids in identifying any potential issues that may arise in real-world industrial settings, facilitating necessary design improvements or modifications.

Asia Pacific is expected to grow at the highest CAGR in the sensor testing market during the forecast period.

Asia Pacific region offers a promising landscape for sensor testing services due to its rapid industrialization, technological advancements, and growing demand for sensors in various sectors. The need for quality assurance, compliance with regulations, and reliable sensor performance drives the demand for comprehensive and accurate sensor testing solutions in this region. Moreover, favorable regulatory policies for the approval of new electronics technologies and the saturation of the market in developed countries are further intensifying the interest of foreign players in expanding their presence in the Asia Pacific.

Sensor Testing Market by Region

Sensor Testing Market by Region

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Sensor Testing Market Key Players

The major sensor testing companies include TE Connectivity Ltd. (Switzerland), National Instruments Corp. (US), Keysight Technologies, Inc. (US), Fluke Corporation (US), and Rohde & Schwarz GmbH & Co. KG (Germany). These companies have used both organic and inorganic growth strategies, such as product launches, acquisitions, and partnerships, to strengthen their position in the sensor testing market.

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Scope of the Report

Report Metric	Details
Estimated Market Size	USD 1.8 Billion
Projected Market Size	USD 2.4 Billion
Growth Rate	6.1%
Years Considered	2019–2028
Base year considered	2022
Forecast period	2023–2028
Forecast units	Value (USD million/Billion)
Segments Covered	Offering, Sensor Type, and Application
Regions covered	North America, Asia Pacific, Europe, and Rest of the World
Companies covered	TE Connectivity Ltd. (Switzerland), National Instruments Corp. (US), Keysight Technologies, Inc. (US), Fluke Corporation (US), and Rohde & Schwarz GmbH & Co. KG (Germany). A total of 25 players are covered.

Sensor Testing Market Highlights

In this report, the overall sensor testing market has been segmented based on offering, sensor type, application, and region.

Segment	Subsegment
By Offering	Hardware Software
By Sensor Type	Analog Sensors Digital Sensors
By Application	Automotive Consumer Electronics Aerospace Healthcare Industrial Others
By Region	North America US Canada Mexico Europe Germany UK France Rest of Europe Asia Pacific China Japan South Korea Rest of Asia Pacific Rest of the World Middle East & Africa South America

Recent Developments

In April 2023, Keysight Technologies, Inc. unveiled a new real-time spectrum analysis (RTSA) solution that can support a maximum RTSA bandwidth of 2 GHz and is compatible with the Keysight N9042B UXA Signal Analyzer. This software-based RTSA solution can effectively monitor satellite signals and interference, enabling satellite network operators to ensure optimal service quality (QoS) for their users.
In February 2023, TE Connectivity and Preddio collaborated to develop innovative solutions that integrate TE's digital sensors with Preddio's wireless technology, edge gateway, cloud software, and analytics. These integrated solutions offer operators unprecedented visibility into the condition of their equipment.
In September 2022, Rohde & Schwarz GmbH & Co. KG expanded their product line of signal and spectrum analyzers by introducing the R&S FSV3050 and R&S FSVA3050 variants. These new models offer an extended frequency range of up to 50 GHz. The R&S FSV is designed to simplify the setup of complex measurements with its user-friendly interface and high measurement speed.

Frequently Asked Questions (FAQs)

What is the current size of the global sensor testing market?

The sensor testing market is estimated to be worth USD 1.8 billion in 2023 and is projected to reach USD 2.4 billion by 2028, at a CAGR of 6.1% during the forecast period. The Increased demand for sensors in emerging markets such as automotive and consumer electronics are major factors driving the growth of the global sensor testing market.

Who are the global sensor testing market winners?

Companies such as TE Connectivity Ltd. (Switzerland), National Instruments Corp. (US), Keysight Technologies, Inc. (US), Fluke Corporation (US), and Rohde & Schwarz GmbH & Co. KG (Germany) fall under the winners’ category.

Which region is expected to hold the highest share of the sensor testing market?

Asia Pacific will dominate the sensor testing market in 2028. Countries in the Asia Pacific are showing growth from nascent sectors such as consumer electronics, industrial and automotive sectors. Moreover, rapidly growing economies, technological advancements, and burgeoning industries. With key players, research initiatives, and innovation centers spread across countries like China, Japan, and South Korea, the region is positioned to lead in sensor testing developments, catering to a wide array of applications from industrial automation to consumer electronics.

What are the major drivers and opportunities related to the sensor testing market?

Surging demand for sensors in hybrid and autonomous vehicles and growing demand for sensors in emerging markets such as automotive and consumer electronics are some of the major drivers and opportunities for the sensor testing market.

What are the major strategies adopted by sensor testing companies?

The agitator companies have adopted product launches, acquisitions, expansions, and contracts to strengthen their position in the sensor testing market.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 31)

1.1 STUDY OBJECTIVES

1.2 MARKET DEFINITION

1.3 INCLUSIONS AND EXCLUSIONS

1.4 STUDY SCOPE

1.4.1 MARKETS COVERED

FIGURE 1 SENSOR TESTING MARKET SEGMENTATION

1.4.2 REGIONAL SCOPE

1.4.3 YEARS CONSIDERED

1.5 CURRENCY CONSIDERED

1.6 STAKEHOLDERS

1.7 RECESSION IMPACT

2 RESEARCH METHODOLOGY (Page No. - 35)

2.1 RESEARCH DATA

FIGURE 2 SENSOR TESTING MARKET: RESEARCH DESIGN

2.1.1 SECONDARY DATA

2.1.1.1 List of major secondary sources

2.1.1.2 Key data from secondary sources

2.1.2 PRIMARY DATA

2.1.2.1 Primary interview participants

2.1.2.2 Breakdown of primaries

2.1.2.3 Key data from primary sources

2.1.3 SECONDARY AND PRIMARY RESEARCH

2.1.3.1 Key industry insights

2.2 MARKET SIZE ESTIMATION

2.2.1 BOTTOM-UP APPROACH

2.2.1.1 Estimation of market size using bottom-up approach (demand side)

FIGURE 3 SENSOR TESTING MARKET: BOTTOM-UP APPROACH

2.2.2 TOP-DOWN APPROACH

2.2.2.1 Estimation of market size using top-down approach (supply side)

FIGURE 4 SENSOR TESTING MARKET: TOP-DOWN APPROACH

FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH (SUPPLY-SIDE): REVENUE FROM HARDWARE/SOFTWARE PRODUCTS IN SENSOR TESTING MARKET

2.3 MARKET BREAKDOWN AND DATA TRIANGULATION

FIGURE 6 DATA TRIANGULATION

2.4 RESEARCH ASSUMPTIONS

2.5 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON SENSOR TESTING MARKET

2.6 RESEARCH LIMITATIONS

2.7 RISK ASSESSMENT

3 EXECUTIVE SUMMARY (Page No. - 47)

FIGURE 7 SENSOR TESTING MARKET SIZE, 2019−2028 (USD MILLION)

FIGURE 8 HARDWARE OFFERINGS ACCOUNTED FOR LARGER MARKET SHARE THAN SOFTWARE OFFERINGS IN 2022

FIGURE 9 ANALOG SEGMENT TO DOMINATE SENSOR TESTING MARKET, BY SENSOR TYPE, FROM 2023 TO 2028

FIGURE 10 CONSUMER ELECTRONICS SEGMENT CAPTURED LARGEST SHARE OF SENSOR TESTING MARKET, BY APPLICATION, IN 2022

FIGURE 11 ASIA PACIFIC HELD LARGEST MARKET SHARE IN 2022

4 PREMIUM INSIGHTS (Page No. - 51)

4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN SENSOR TESTING MARKET

FIGURE 12 EMERGING SENSOR APPLICATIONS IN AUTOMOTIVE AND CONSUMER ELECTRONICS SECTORS TO OFFER LUCRATIVE OPPORTUNITIES FOR MARKET PLAYERS

4.2 SENSOR TESTING MARKET, BY SENSOR TYPE

FIGURE 13 ANALOG SENSORS TO DOMINATE SENSOR TESTING MARKET THROUGHOUT FORECAST PERIOD

4.3 SENSOR TESTING MARKET, BY APPLICATION

FIGURE 14 CONSUMER ELECTRONICS APPLICATIONS TO HOLD LARGEST SHARE OF SENSOR TESTING MARKET IN 2023

4.4 SENSOR TESTING MARKET, BY COUNTRY

FIGURE 15 CHINA TO REGISTER HIGHEST CAGR IN GLOBAL SENSOR TESTING MARKET DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 53)

5.1 INTRODUCTION

5.2 MARKET DYNAMICS

FIGURE 16 SENSOR TESTING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES

5.2.1 DRIVERS

5.2.1.1 Surging use of sensors in hybrid and autonomous vehicles

5.2.1.2 Rising adoption of IoT and automation technologies

FIGURE 17 SENSOR TESTING MARKET: IMPACT ANALYSIS OF DRIVERS

5.2.2 RESTRAINTS

5.2.2.1 High cost of sensor testing equipment

5.2.2.2 Rapidly evolving sensor technologies

FIGURE 18 SENSOR TESTING MARKET: IMPACT ANALYSIS OF RESTRAINTS

5.2.3 OPPORTUNITIES

5.2.3.1 Emerging sensor applications in automotive and consumer electronics sectors

5.2.3.2 Rising adoption of predictive maintenance techniques by manufacturing firms

FIGURE 19 SENOR TESTING MARKET: IMPACT ANALYSIS OF OPPORTUNITIES

5.2.4 CHALLENGES

5.2.4.1 Lack of common testing standards

5.2.4.2 Difficulties in calibrating sensors under varied environmental conditions

FIGURE 20 SENSOR TESTING MARKET: IMPACT ANALYSIS OF CHALLENGES

5.3 SUPPLY CHAIN ANALYSIS

FIGURE 21 SENSOR TESTING MARKET: SUPPLY CHAIN ANALYSIS

5.4 ECOSYSTEM MAPPING

TABLE 1 ROLE OF PARTICIPANTS IN SENSOR TESTING ECOSYSTEM

FIGURE 22 KEY PLAYERS IN SENSOR TESTING ECOSYSTEM

5.5 PRICING ANALYSIS

5.5.1 AVERAGE SELLING PRICE (ASP) TREND

TABLE 2 ASP OF SENSOR TESTING EQUIPMENT, 2022 (USD)

TABLE 3 AVERAGE SELLING PRICE OF OSCILLOSCOPES, BY REGION

FIGURE 23 AVERAGE SELLING PRICE OF SENSOR TESTING EQUIPMENT, 2019−2028

5.5.2 PRICING ANALYSIS OF SENSOR TESTING EQUIPMENT OFFERED BY KEY PLAYERS

FIGURE 24 AVERAGE SELLING PRICE OF SENSOR TESTING EQUIPMENT PROVIDED BY KEY PLAYERS

TABLE 4 AVERAGE SELLING PRICE OF TOP 3 PRODUCTS PROVIDED BY TOP 3 PLAYERS (USD)

5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS

FIGURE 25 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN SENSOR TESTING ECOSYSTEM

5.7 TECHNOLOGY ANALYSIS

5.7.1 NON-DESTRUCTIVE TESTING

5.7.2 PREDICTIVE ANALYTICS

5.7.3 ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING

5.7.4 IOT

5.8 PORTER’S FIVE FORCES ANALYSIS

FIGURE 26 SENSOR TESTING MARKET: PORTER’S FIVE FORCES ANALYSIS

TABLE 5 SENSOR TESTING MARKET: PORTER’S FIVE FORCES ANALYSIS

5.9 KEY STAKEHOLDERS AND BUYING CRITERIA

5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS

FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS

TABLE 6 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS (%)

5.9.2 BUYING CRITERIA

FIGURE 28 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS

TABLE 7 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS

5.10 CASE STUDY ANALYSIS

TABLE 8 SAMSUNG FOUNDRY ADOPTS KEYSIGHT TECHNOLOGIES’ NOISE ANALYZER TO MEASURE LOW-FREQUENCY NOISE OF SEMICONDUCTOR DEVICES

TABLE 9 ON SEMICONDUCTOR CORPORATION RELEASES ATE SOLUTION TO REDUCE IMAGE SENSOR TESTING TIME

5.11 TRADE ANALYSIS

5.11.1 IMPORT SCENARIO

FIGURE 29 IMPORT DATA FOR KEY COUNTRIES, 2017−2021 (USD MILLION)

5.11.2 EXPORT SCENARIO

FIGURE 30 EXPORT DATA FOR KEY COUNTRIES, 2017−2021 (USD MILLION)

5.12 PATENT ANALYSIS

FIGURE 31 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS

TABLE 10 TOP 20 PATENT OWNERS IN LAST 10 YEARS

FIGURE 32 NUMBER OF PATENTS GRANTED PER YEAR FROM 2013 TO 2022

TABLE 11 LIST OF PATENTS RELATED TO SENSOR TESTING MARKET

5.13 KEY CONFERENCES AND EVENTS, 2023–2024

TABLE 12 SENSOR TESTING MARKET: CONFERENCES AND EVENTS

5.14 REGULATORY LANDSCAPE

5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 13 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 14 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 15 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 16 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

5.14.2 STANDARDS AND REGULATIONS

TABLE 17 STANDARDS FOR SENSOR TESTING

6 SENSOR TESTING METHODS (Page No. - 80)

6.1 INTRODUCTION

6.2 VISUAL INSPECTION

6.2.1 PHYSICAL INSPECTION

6.2.2 CONNECTION AND ASSEMBLY VERIFICATION

6.2.3 LABELING AND PACKAGING

6.3 FUNCTIONAL TESTING

6.3.1 RESPONSE TIME TESTING

6.3.2 SENSITIVITY TESTING

6.3.3 SIGNAL CONDITIONING TESTING

6.4 CALIBRATION TESTING

6.4.1 COMPARISON CALIBRATION

6.4.2 SOFTWARE-BASED CALIBRATION

6.4.3 CALIBRATION SOFTWARE AND DATA MANAGEMENT

6.5 ENVIRONMENTAL TESTING

6.5.1 TEMPERATURE TESTING

6.5.2 HUMIDITY TESTING

6.5.3 VIBRATION TESTING

6.5.4 EMI/EMC TESTING

6.6 PERFORMANCE TESTING

6.6.1 ACCURACY TESTING

6.6.2 SENSITIVITY TESTING

6.6.3 LINEARITY TESTING

6.6.4 DYNAMIC RANGE TESTING

6.6.5 DRIFT TESTING

6.7 OTHER TESTING TECHNIQUES

6.7.1 COMPARISON TESTING

6.7.2 LIFE TESTING

6.7.3 DURABILITY TESTING

6.7.4 STABILITY TESTING

7 SENSOR TESTING MARKET, BY OFFERING (Page No. - 84)

7.1 INTRODUCTION

FIGURE 33 SENSOR TESTING MARKET, BY OFFERING

FIGURE 34 HARDWARE SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2028

TABLE 18 SENSOR TESTING MARKET, BY OFFERING, 2019–2022 (USD MILLION)

TABLE 19 SENSOR TESTING MARKET, BY OFFERING, 2023–2028 (USD MILLION)

7.2 HARDWARE

FIGURE 35 OSCILLOSCOPES TO HOLD LARGEST SHARE OF SENSOR TESTING MARKET FOR HARDWARE OFFERINGS IN 2023

TABLE 20 HARDWARE: SENSOR TESTING MARKET, BY TYPE, 2019–2022 (USD MILLION)

TABLE 21 HARDWARE: SENSOR TESTING MARKET, BY TYPE, 2023–2028 (USD MILLION)

TABLE 22 HARDWARE: SENSOR TESTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)

TABLE 23 HARDWARE: SENSOR TESTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)

TABLE 24 HARDWARE: SENSOR TESTING MARKET, BY REGION, 2019–2022 (USD MILLION)

TABLE 25 HARDWARE: SENSOR TESTING MARKET, BY REGION, 2023–2028 (USD MILLION)

7.2.1 MULTIMETERS

7.2.1.1 Rising use of multimeters to measure electrical parameters in sensors to drive segmental growth

7.2.2 OSCILLOSCOPES

7.2.2.1 Growing adoption of oscilloscopes to visualize and analyze electrical signals to fuel segmental growth

7.2.3 SPECTRUM ANALYZERS

7.2.3.1 Increasing use of spectrum analyzers to analyze electromagnetic interference affecting sensor performance to drive market

7.2.4 SIGNAL GENERATORS

7.2.4.1 Surging demand for signal generators to test overall functionality of sensors to accelerate market growth

7.2.5 OTHER HARDWARE OFFERINGS

7.3 SOFTWARE

7.3.1 RISING NEED FOR EFFICIENT EVALUATION AND CHARACTERIZATION OF SENSOR PERFORMANCE TO BOOST SOFTWARE DEMAND

TABLE 26 SOFTWARE: SENSOR TESTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)

TABLE 27 SOFTWARE: SENSOR TESTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)

TABLE 28 SOFTWARE: SENSOR TESTING MARKET, BY REGION, 2019–2022 (USD MILLION)

TABLE 29 SOFTWARE: SENSOR TESTING MARKET, BY REGION, 2023–2028 (USD MILLION)

8 SENSOR TESTING MARKET, BY SENSOR TYPE (Page No. - 96)

8.1 INTRODUCTION

FIGURE 36 SENSOR TESTING MARKET, BY SENSOR TYPE

FIGURE 37 ANALOG TO ACCOUNT FOR LARGER MARKET SHARE THAN DIGITAL IN 2028

TABLE 30 SENSOR TESTING MARKET, BY SENSOR TYPE, 2019–2022 (USD MILLION)

TABLE 31 SENSOR TESTING MARKET, BY SENSOR TYPE, 2023–2028 (USD MILLION)

8.2 ANALOG

8.2.1 INCREASING USE OF ANALOG SENSORS TO CALIBRATE SENSOR PERFORMANCE ON ACCURACY, NOISE LEVELS, AND RESPONSE TIME TO DRIVE MARKET

8.2.2 ACCELEROMETERS

8.2.3 SOUND SENSORS

8.2.4 PRESSURE SENSORS

8.2.5 TEMPERATURE SENSORS

8.2.6 LIGHT SENSORS

8.2.7 HUMIDITY SENSORS

TABLE 32 ANALOG: SENSOR TESTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)

TABLE 33 ANALOG: SENSOR TESTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)

8.3 DIGITAL

8.3.1 GROWING IMPLEMENTATION OF DIGITAL SENSORS TO CONVERT PHYSICAL QUANTITIES INTO DIGITAL SIGNALS TO FUEL SEGMENTAL GROWTH

8.3.2 LEVEL SENSORS

8.3.3 MAGNETIC SENSORS

8.3.4 PROXIMITY SENSORS

8.3.5 MOTION SENSORS

8.3.6 OPTICAL ENCODERS

TABLE 34 DIGITAL: SENSOR TESTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)

TABLE 35 DIGITAL: SENSOR TESTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)

9 SENSOR TESTING MARKET, BY APPLICATION (Page No. - 104)

9.1 INTRODUCTION

FIGURE 38 SENSOR TESTING MARKET, BY APPLICATION

FIGURE 39 CONSUMER ELECTRONICS SEGMENT TO HOLD LARGEST SHARE OF SENSOR TESTING MARKET, BY APPLICATION, IN 2028

TABLE 36 SENSOR TESTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)

TABLE 37 SENSOR TESTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)

9.2 AUTOMOTIVE

9.2.1 RISING DEMAND FOR SENSOR TESTING FROM SELF-DRIVING AND HYBRID CAR MANUFACTURERS TO SUPPORT MARKET GROWTH

TABLE 38 AUTOMOTIVE: SENSOR TESTING MARKET, BY OFFERING, 2019–2022 (USD MILLION)

TABLE 39 AUTOMOTIVE: SENSOR TESTING MARKET, BY OFFERING, 2023–2028 (USD MILLION)

TABLE 40 AUTOMOTIVE: SENSOR TESTING MARKET, BY SENSOR TYPE, 2019–2022 (USD MILLION)

TABLE 41 AUTOMOTIVE: SENSOR TESTING MARKET, BY SENSOR TYPE, 2023–2028 (USD MILLION)

TABLE 42 AUTOMOTIVE: SENSOR TESTING MARKET, BY REGION, 2019–2022 (USD MILLION)

TABLE 43 AUTOMOTIVE: SENSOR TESTING MARKET, BY REGION, 2023–2028 (USD MILLION)

9.3 CONSUMER ELECTRONICS

9.3.1 GROWING ATTENTION OF CONSUMER ELECTRONICS COMPANIES ON INCREASING CREDIBILITY AND MARKET COMPETITIVENESS TO BOOST DEMAND FOR SENSOR TESTING EQUIPMENT

TABLE 44 CONSUMER ELECTRONICS: SENSOR TESTING MARKET, BY OFFERING, 2019–2022 (USD MILLION)

TABLE 45 CONSUMER ELECTRONICS: SENSOR TESTING MARKET, BY OFFERING, 2023–2028 (USD MILLION)

TABLE 46 CONSUMER ELECTRONICS: SENSOR TESTING MARKET, BY SENSOR TYPE, 2019–2022 (USD MILLION)

TABLE 47 CONSUMER ELECTRONICS: SENSOR TESTING MARKET, BY SENSOR TYPE, 2023–2028 (USD MILLION)

TABLE 48 CONSUMER ELECTRONICS: SENSOR TESTING MARKET, BY REGION, 2019–2022 (USD MILLION)

TABLE 49 CONSUMER ELECTRONICS: SENSOR TESTING MARKET, BY REGION, 2023–2028 (USD MILLION)

9.4 AEROSPACE

9.4.1 INCREASING FOCUS ON OPTIMIZING PERFORMANCE, SAFETY, AND EFFICIENCY OF AEROSPACE SYSTEMS TO FOSTER ADOPTION OF SENSOR TESTING SERVICES

FIGURE 40 NORTH AMERICA TO CAPTURE LARGEST MARKET SHARE FOR AEROSPACE APPLICATIONS IN 2028

TABLE 50 AEROSPACE: SENSOR TESTING MARKET, BY OFFERING, 2019–2022 (USD MILLION)

TABLE 51 AEROSPACE: SENSOR TESTING MARKET, BY OFFERING, 2023–2028 (USD MILLION)

TABLE 52 AEROSPACE: SENSOR TESTING MARKET, BY SENSOR TYPE, 2019–2022 (USD MILLION)

TABLE 53 AEROSPACE: SENSOR TESTING MARKET, BY SENSOR TYPE, 2023–2028 (USD MILLION)

TABLE 54 AEROSPACE: SENSOR TESTING MARKET, BY REGION, 2019–2022 (USD MILLION)

TABLE 55 AEROSPACE: SENSOR TESTING MARKET, BY REGION, 2023–2028 (USD MILLION)

9.5 HEALTHCARE

9.5.1 SURGING NEED FOR ACCURATE AND PRECISE MEDICAL DEVICES TO INCREASE DEMAND FOR SENSOR TESTING EQUIPMENT

TABLE 56 HEALTHCARE: SENSOR TESTING MARKET, BY OFFERING, 2019–2022 (USD MILLION)

TABLE 57 HEALTHCARE: SENSOR TESTING MARKET, BY OFFERING, 2023–2028 (USD MILLION)

TABLE 58 HEALTHCARE: SENSOR TESTING MARKET, BY SENSOR TYPE, 2019–2022 (USD MILLION)

TABLE 59 HEALTHCARE: SENSOR TESTING MARKET, BY SENSOR TYPE, 2023–2028 (USD MILLION)

TABLE 60 HEALTHCARE: SENSOR TESTING MARKET, BY REGION, 2019–2022 (USD MILLION)

TABLE 61 HEALTHCARE: SENSOR TESTING MARKET, BY REGION, 2023–2028 (USD MILLION)

9.6 INDUSTRIAL

9.6.1 GROWING USE OF INDUSTRY 4.0 AND IIOT TECHNOLOGIES BY INDUSTRIAL PLAYERS TO ELEVATE DEMAND FOR SENSOR TESTING

TABLE 62 INDUSTRIAL: SENSOR TESTING MARKET, BY OFFERING, 2019–2022 (USD MILLION)

TABLE 63 INDUSTRIAL: SENSOR TESTING MARKET, BY OFFERING, 2023–2028 (USD MILLION)

TABLE 64 INDUSTRIAL: SENSOR TESTING MARKET, BY SENSOR TYPE, 2019–2022 (USD MILLION)

TABLE 65 INDUSTRIAL: SENSOR TESTING MARKET, BY SENSOR TYPE, 2023–2028 (USD MILLION)

TABLE 66 INDUSTRIAL: SENSOR TESTING MARKET, BY REGION, 2019–2022 (USD MILLION)

TABLE 67 INDUSTRIAL: SENSOR TESTING MARKET, BY REGION, 2023–2028 (USD MILLION)

9.7 OTHER APPLICATIONS

TABLE 68 OTHER APPLICATIONS: SENSOR TESTING MARKET, BY OFFERING, 2019–2022 (USD MILLION)

TABLE 69 OTHER APPLICATIONS: SENSOR TESTING MARKET, BY OFFERING, 2023–2028 (USD MILLION)

TABLE 70 OTHER APPLICATIONS: SENSOR TESTING MARKET, BY SENSOR TYPE, 2019–2022 (USD MILLION)

TABLE 71 OTHER APPLICATIONS: SENSOR TESTING MARKET, BY SENSOR TYPE, 2023–2028 (USD MILLION)

TABLE 72 OTHER APPLICATIONS: SENSOR TESTING MARKET, BY REGION, 2019–2022 (USD MILLION)

TABLE 73 OTHER APPLICATIONS: SENSOR TESTING MARKET, BY REGION, 2023–2028 (USD MILLION)

10 SENSOR TESTING MARKET, BY REGION (Page No. - 122)

10.1 INTRODUCTION

FIGURE 41 CHINA TO REGISTER HIGHEST CAGR IN SENSOR TESTING MARKET FROM 2023 TO 2028

TABLE 74 SENSOR TESTING MARKET, BY REGION, 2019–2022 (USD MILLION)

TABLE 75 SENSOR TESTING MARKET, BY REGION, 2023–2028 (USD MILLION)

10.2 NORTH AMERICA

10.2.1 NORTH AMERICA: RECESSION IMPACT

FIGURE 42 NORTH AMERICA: SNAPSHOT OF SENSOR TESTING MARKET

TABLE 76 NORTH AMERICA: SENSOR TESTING MARKET, BY OFFERING, 2019–2022 (USD MILLION)

TABLE 77 NORTH AMERICA: SENSOR TESTING MARKET, BY OFFERING, 2023–2028 (USD MILLION)

TABLE 78 NORTH AMERICA: SENSOR TESTING MARKET, BY SENSOR TYPE, 2019–2022 (USD MILLION)

TABLE 79 NORTH AMERICA: SENSOR TESTING MARKET, BY SENSOR TYPE, 2023–2028 (USD MILLION)

TABLE 80 NORTH AMERICA: SENSOR TESTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)

TABLE 81 NORTH AMERICA: SENSOR TESTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)

TABLE 82 NORTH AMERICA: SENSOR TESTING MARKET, BY COUNTRY, 2019–2022 (USD MILLION)

TABLE 83 NORTH AMERICA: SENSOR TESTING MARKET, BY COUNTRY, 2023–2028 (USD MILLION)

10.2.2 US

10.2.2.1 Increasing adoption of electric vehicles and smart grid systems to fuel market growth

10.2.3 CANADA

10.2.3.1 Rising focus on improving environmental sustainability to boost demand for sensor testing equipment

10.2.4 MEXICO

10.2.4.1 Growing manufacturing sector to create opportunities for sensor testing service providers

10.3 EUROPE

10.3.1 EUROPE: RECESSION IMPACT

FIGURE 43 EUROPE: SNAPSHOT OF SENSOR TESTING MARKET

TABLE 84 EUROPE: SENSOR TESTING MARKET, BY OFFERING, 2019–2022 (USD MILLION)

TABLE 85 EUROPE: SENSOR TESTING MARKET, BY OFFERING, 2023–2028 (USD MILLION)

TABLE 86 EUROPE: SENSOR TESTING MARKET, BY SENSOR TYPE, 2019–2022 (USD MILLION)

TABLE 87 EUROPE: SENSOR TESTING MARKET, BY SENSOR TYPE, 2023–2028 (USD MILLION)

TABLE 88 EUROPE: SENSOR TESTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)

TABLE 89 EUROPE: SENSOR TESTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)

TABLE 90 EUROPE: SENSOR TESTING MARKET, BY COUNTRY, 2019–2022 (USD MILLION)

TABLE 91 EUROPE: SENSOR TESTING MARKET, BY COUNTRY, 2023–2028 (USD MILLION)

10.3.2 GERMANY

10.3.2.1 Booming automotive industry to drive market

10.3.3 UK

10.3.3.1 Rising investments and innovations in sensor technologies to support market growth

10.3.4 FRANCE

10.3.4.1 Thriving aerospace & defense sector to contribute to market growth

10.3.5 REST OF EUROPE

10.4 ASIA PACIFIC

10.4.1 ASIA PACIFIC: RECESSION IMPACT

FIGURE 44 ASIA PACIFIC: SNAPSHOT OF SENSOR TESTING MARKET

TABLE 92 ASIA PACIFIC: SENSOR TESTING MARKET, BY OFFERING, 2019–2022 (USD MILLION)

TABLE 93 ASIA PACIFIC: SENSOR TESTING MARKET, BY OFFERING, 2023–2028 (USD MILLION)

TABLE 94 ASIA PACIFIC: SENSOR TESTING MARKET, BY SENSOR TYPE, 2019–2022 (USD MILLION)

TABLE 95 ASIA PACIFIC: SENSOR TESTING MARKET, BY SENSOR TYPE, 2023–2028 (USD MILLION)

TABLE 96 ASIA PACIFIC: SENSOR TESTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)

TABLE 97 ASIA PACIFIC: SENSOR TESTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)

TABLE 98 ASIA PACIFIC: SENSOR TESTING MARKET, BY COUNTRY, 2019–2022 (USD MILLION)

TABLE 99 ASIA PACIFIC: SENSOR TESTING MARKET, BY COUNTRY, 2023–2028 (USD MILLION)

10.4.2 CHINA

10.4.2.1 Smart city initiatives by government to boost adoption of sensor testing equipment

10.4.3 JAPAN

10.4.3.1 Increasing FDIs in robotics and automation technologies to create opportunities for market players

10.4.4 SOUTH KOREA

10.4.4.1 Rising investments in cutting-edge manufacturing technologies to contribute to market growth

10.4.5 REST OF ASIA PACIFIC

10.5 REST OF THE WORLD (ROW)

10.5.1 ROW: RECESSION IMPACT

TABLE 100 ROW: SENSOR TESTING MARKET, BY OFFERING, 2019–2022 (USD MILLION)

TABLE 101 ROW: SENSOR TESTING MARKET, BY OFFERING, 2023–2028 (USD MILLION)

TABLE 102 ROW: SENSOR TESTING MARKET, BY SENSOR TYPE, 2019–2022 (USD MILLION)

TABLE 103 ROW: SENSOR TESTING MARKET, BY SENSOR TYPE, 2023–2028 (USD MILLION)

TABLE 104 ROW: SENSOR TESTING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)

TABLE 105 ROW: SENSOR TESTING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)

TABLE 106 ROW: SENSOR TESTING MARKET, BY REGION, 2019–2022 (USD MILLION)

TABLE 107 ROW: SENSOR TESTING MARKET, BY REGION, 2023–2028 (USD MILLION)

10.5.2 SOUTH AMERICA

10.5.2.1 Heavy reliance of aerospace, energy, and healthcare sectors on advanced technologies to boost demand for sensor testing

10.5.3 MIDDLE EAST & AFRICA

10.5.3.1 Growing manufacturing sector to support market growth

11 COMPETITIVE LANDSCAPE (Page No. - 145)

11.1 OVERVIEW

11.2 STRATEGIES ADOPTED BY KEY PLAYERS

TABLE 108 OVERVIEW OF STRATEGIES FOLLOWED BY PLAYERS IN SENSOR TESTING MARKET

11.3 REVENUE ANALYSIS OF TOP COMPANIES

FIGURE 45 FIVE-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN SENSOR TESTING MARKET

11.4 MARKET SHARE ANALYSIS

TABLE 109 SENSOR TESTING MARKET SHARE ANALYSIS, 2022

FIGURE 46 SENSOR TESTING MARKET: SHARE OF KEY PLAYERS

11.5 COMPANY EVALUATION MATRIX

11.5.1 STARS

11.5.2 EMERGING LEADERS

11.5.3 PERVASIVE PLAYERS

11.5.4 PARTICIPANTS

FIGURE 47 SENSOR TESTING MARKET (GLOBAL): COMPANY EVALUATION MATRIX, 2022

11.6 STARTUPS/SMES EVALUATION MATRIX

11.6.1 PROGRESSIVE COMPANIES

11.6.2 RESPONSIVE COMPANIES

11.6.3 DYNAMIC COMPANIES

11.6.4 STARTING BLOCKS

FIGURE 48 SENSOR TESTING MARKET (GLOBAL): STARTUPS/SMES EVALUATION MATRIX, 2022

11.7 SENSOR TESTING MARKET: COMPANY FOOTPRINT

TABLE 110 OVERALL COMPANY FOOTPRINT

TABLE 111 OFFERING: COMPANY FOOTPRINT

TABLE 112 APPLICATION: COMPANY FOOTPRINT

TABLE 113 REGION: COMPANY FOOTPRINT

11.8 COMPETITIVE BENCHMARKING

TABLE 114 SENSOR TESTING MARKET: LIST OF KEY STARTUPS/SMES

TABLE 115 SENSOR TESTING MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES

11.9 COMPETITIVE SCENARIO

TABLE 116 SENSOR TESTING MARKET: PRODUCT LAUNCHES, 2021−2023

TABLE 117 SENSOR TESTING MARKET: DEALS, 2021−2023

TABLE 118 SENSOR TESTING MARKET: OTHERS, 2021−2023

12 COMPANY PROFILES (Page No. - 168)

(Business overview, Products/Solutions/Services offered, Recent Developments, MNM view)*

12.1 KEY PLAYERS

12.1.1 TE CONNECTIVITY LTD.

TABLE 119 TE CONNECTIVITY LTD.: COMPANY OVERVIEW

FIGURE 49 TE CONNECTIVITY LTD.: COMPANY SNAPSHOT

TABLE 120 TE CONNECTIVITY LTD.: PRODUCT/SOLUTION/SERVICE OFFERINGS

TABLE 121 TE CONNECTIVITY LTD.: DEALS

12.1.2 NATIONAL INSTRUMENTS CORP.

TABLE 122 NATIONAL INSTRUMENTS CORP.: COMPANY OVERVIEW

FIGURE 50 NATIONAL INSTRUMENTS CORP.: COMPANY SNAPSHOT

TABLE 123 NATIONAL INSTRUMENTS CORP.: PRODUCT/SOLUTION/SERVICE OFFERINGS

TABLE 124 NATIONAL INSTRUMENTS CORP.: PRODUCT LAUNCHES

TABLE 125 NATIONAL INSTRUMENTS CORP.: DEALS

12.1.3 KEYSIGHT TECHNOLOGIES, INC.

TABLE 126 KEYSIGHT TECHNOLOGIES, INC.: COMPANY OVERVIEW

FIGURE 51 KEYSIGHT TECHNOLOGIES, INC.: COMPANY SNAPSHOT

TABLE 127 KEYSIGHT TECHNOLOGIES, INC.: PRODUCT/SOLUTION/SERVICE OFFERINGS

TABLE 128 KEYSIGHT TECHNOLOGIES, INC.: PRODUCT LAUNCHES

TABLE 129 KEYSIGHT TECHNOLOGIES, INC.: DEALS

TABLE 130 KEYSIGHT TECHNOLOGIES, INC.: OTHERS

12.1.4 FLUKE CORPORATION

TABLE 131 FLUKE CORPORATION: COMPANY OVERVIEW

FIGURE 52 FORTIVE CORPORATION: COMPANY SNAPSHOT

TABLE 132 FLUKE CORPORATION: PRODUCT/SOLUTION/SERVICE OFFERINGS

TABLE 133 FLUKE CORPORATION: PRODUCT LAUNCHES

12.1.5 ROHDE & SCHWARZ GMBH & CO. KG

TABLE 134 ROHDE & SCHWARZ GMBH & CO. KG: COMPANY OVERVIEW

TABLE 135 ROHDE & SCHWARZ GMBH & CO. KG: PRODUCT/SOLUTION/SERVICE OFFERINGS

TABLE 136 ROHDE & SCHWARZ GMBH & CO. KG: PRODUCT LAUNCHES

TABLE 137 ROHDE & SCHWARZ GMBH & CO. KG: DEALS

12.1.6 TERADYNE INC.

TABLE 138 TERADYNE INC.: COMPANY OVERVIEW

FIGURE 53 TERADYNE INC.: COMPANY SNAPSHOT

TABLE 139 TERADYNE INC.: PRODUCT/SOLUTION/SERVICE OFFERINGS

TABLE 140 TERADYNE INC.: DEALS

12.1.7 OMEGA ENGINEERING, INC.

TABLE 141 OMEGA ENGINEERING, INC.: COMPANY OVERVIEW

TABLE 142 OMEGA ENGINEERING, INC.: PRODUCT/SOLUTION/SERVICE OFFERINGS

TABLE 143 OMEGA ENGINEERING, INC.: PRODUCT LAUNCHES

TABLE 144 OMEGA ENGINEERING, INC.: DEALS

12.1.8 ADVANTEST CORPORATION

TABLE 145 ADVANTEST CORPORATION: COMPANY OVERVIEW

FIGURE 54 ADVANTEST CORPORATION: COMPANY SNAPSHOT

TABLE 146 ADVANTEST CORPORATION: PRODUCT/SOLUTION/SERVICE OFFERINGS

TABLE 147 ADVANTEST CORPORATION: PRODUCT LAUNCHES

TABLE 148 ADVANTEST CORPORATION: DEALS

12.1.9 PEPPERL+FUCHS SE

TABLE 149 PEPPERL+FUCHS SE: COMPANY OVERVIEW

TABLE 150 PEPPERL+FUCHS SE: PRODUCTS OFFERED

TABLE 151 PEPPERL+FUCHS SE: PRODUCT LAUNCHES

TABLE 152 PEPPERL+FUCHS SE: DEALS

12.1.10 ANRITSU CORPORATION

TABLE 153 ANRITSU CORPORATION: COMPANY OVERVIEW

FIGURE 55 ANRITSU CORPORATION: COMPANY SNAPSHOT

TABLE 154 ANRITSU CORPORATION: PRODUCT/SOLUTION/SERVICE OFFERINGS

TABLE 155 ANRITSU CORPORATION: PRODUCT LAUNCHES

TABLE 156 ANRITSU CORPORATION: DEALS

12.2 OTHER PLAYERS

12.2.1 TÜV RHEINLAND AG

TABLE 157 TÜV RHEINLAND AG: COMPANY OVERVIEW

12.2.2 VX INSTRUMENTS GMBH

TABLE 158 VX INSTRUMENTS GMBH: COMPANY OVERVIEW

12.2.3 ELEMENT MATERIALS TECHNOLOGY

TABLE 159 ELEMENT MATERIALS TECHNOLOGY: COMPANY OVERVIEW

12.2.4 ITM INTEGRATED TEST + MEASUREMENT

TABLE 160 ITM INTEGRATED TEST + MEASUREMENT: COMPANY OVERVIEW

12.2.5 UL LLC

TABLE 161 UL LLC: COMPANY OVERVIEW

12.2.6 UNI-TREND TECHNOLOGY (CHINA) CO., LTD.

TABLE 162 UNI-TREND TECHNOLOGY (CHINA) CO., LTD.: COMPANY OVERVIEW

12.2.7 RIGOL TECHNOLOGIES, CO. LTD.

TABLE 163 RIGOL TECHNOLOGIES, CO. LTD.: COMPANY OVERVIEW

12.2.8 AECO SRL

TABLE 164 AECO SRL: COMPANY OVERVIEW

12.2.9 U-THERM INTERNATIONAL (H.K.) LIMITED

TABLE 165 U-THERM INTERNATIONAL (H.K.) LIMITED: COMPANY OVERVIEW

12.2.10 BOSCH SENSORTEC GMBH

TABLE 166 BOSCH SENSORTEC GMBH: COMPANY OVERVIEW

12.2.11 HORIBA, LTD.

TABLE 167 HORIBA, LTD.: COMPANY OVERVIEW

12.2.12 B&K PRECISION CORPORATION

TABLE 168 B&K PRECISION CORPORATION: COMPANY OVERVIEW

12.2.13 MEASX GMBH & CO. KG

TABLE 169 MEASX GMBH & CO. KG: COMPANY OVERVIEW

12.2.14 TEKTRONIX, INC.

TABLE 170 TEKTRONIX, INC.: COMPANY OVERVIEW

12.2.15 H&B SENSORS LTD.

TABLE 171 H&B SENSORS LTD.: COMPANY OVERVIEW

*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

13 ADJACENT MARKET (Page No. - 219)

13.1 TEST AND MEASUREMENT EQUIPMENT MARKET

13.2 INTRODUCTION

FIGURE 56 INDUSTRIAL VERTICAL TO HOLD LARGEST SHARE OF TEST AND MEASUREMENT EQUIPMENT MARKET IN 2028

TABLE 172 TEST AND MEASUREMENT EQUIPMENT MARKET, BY VERTICAL, 2019–2022 (USD MILLION)

TABLE 173 TEST AND MEASUREMENT EQUIPMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION)

13.3 AUTOMOTIVE & TRANSPORTATION

13.3.1 INTEGRATION OF ADVANCED ELECTRONIC SYSTEMS IN VEHICLES TO BOOST DEMAND FOR TEST AND MEASUREMENT EQUIPMENT

TABLE 174 AUTOMOTIVE & TRANSPORTATION: TEST AND MEASUREMENT EQUIPMENT MARKET, BY TYPE, 2019–2022 (USD MILLION)

TABLE 175 AUTOMOTIVE & TRANSPORTATION: TEST AND MEASUREMENT EQUIPMENT MARKET, BY TYPE, 2023–2028 (USD MILLION)

TABLE 176 AUTOMOTIVE & TRANSPORTATION: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)

TABLE 177 AUTOMOTIVE & TRANSPORTATION: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)

TABLE 178 AUTOMOTIVE & TRANSPORTATION: TEST AND MEASUREMENT EQUIPMENT MARKET, BY SERVICE TYPE, 2019–2022 (USD MILLION)

TABLE 179 AUTOMOTIVE & TRANSPORTATION: TEST AND MEASUREMENT EQUIPMENT MARKET, BY SERVICE TYPE, 2023–2028 (USD MILLION)

13.4 AEROSPACE & DEFENSE

13.4.1 SAFETY AND RELIABILITY CONCERNS IN AIR TRAFFIC CONTROL SYSTEMS TO INCREASE ADOPTION OF TEST AND MEASUREMENT EQUIPMENT

TABLE 180 AEROSPACE & DEFENSE: TEST AND MEASUREMENT EQUIPMENT MARKET, BY TYPE, 2019–2022 (USD MILLION)

TABLE 181 AEROSPACE & DEFENSE: TEST AND MEASUREMENT EQUIPMENT MARKET, BY TYPE, 2023–2028 (USD MILLION)

TABLE 182 AEROSPACE & DEFENSE: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)

TABLE 183 AEROSPACE & DEFENSE: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)

TABLE 184 AEROSPACE & DEFENSE: TEST AND MEASUREMENT EQUIPMENT MARKET, BY SERVICE TYPE, 2019–2022 (USD MILLION)

TABLE 185 AEROSPACE & DEFENSE: TEST AND MEASUREMENT EQUIPMENT MARKET, BY SERVICE TYPE, 2023–2028 (USD MILLION)

13.5 IT & TELECOMMUNICATIONS

13.5.1 GROWING USE OF WIRELESS TECHNOLOGIES TO FUEL REQUIREMENT FOR TEST AND MEASUREMENT EQUIPMENT

TABLE 186 IT & TELECOMMUNICATIONS: TEST AND MEASUREMENT EQUIPMENT MARKET, BY TYPE, 2019–2022 (USD MILLION)

TABLE 187 IT & TELECOMMUNICATIONS: TEST AND MEASUREMENT EQUIPMENT MARKET, BY TYPE, 2023–2028 (USD MILLION)

TABLE 188 IT & TELECOMMUNICATIONS: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)

TABLE 189 IT & TELECOMMUNICATIONS: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)

TABLE 190 IT & TELECOMMUNICATIONS: TEST AND MEASUREMENT EQUIPMENT MARKET, BY SERVICE TYPE, 2019–2022 (USD MILLION)

TABLE 191 IT & TELECOMMUNICATIONS: TEST AND MEASUREMENT EQUIPMENT MARKET, BY SERVICE TYPE, 2023–2028 (USD MILLION)

13.6 EDUCATION & GOVERNMENT

13.6.1 HIGH DEMAND FOR GENERAL-PURPOSE TEST EQUIPMENT FROM EDUCATION & GOVERNMENT VERTICAL TO SUPPORT MARKET GROWTH

TABLE 192 EDUCATION & GOVERNMENT: TEST AND MEASUREMENT EQUIPMENT MARKET, BY TYPE, 2019–2022 (USD MILLION)

TABLE 193 EDUCATION & GOVERNMENT: TEST AND MEASUREMENT EQUIPMENT MARKET, BY TYPE, 2023–2028 (USD MILLION)

TABLE 194 EDUCATION & GOVERNMENT: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)

TABLE 195 EDUCATION & GOVERNMENT: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)

TABLE 196 EDUCATION & GOVERNMENT: TEST AND MEASUREMENT EQUIPMENT MARKET, BY SERVICE TYPE, 2019–2022 (USD MILLION)

TABLE 197 EDUCATION & GOVERNMENT: TEST AND MEASUREMENT EQUIPMENT MARKET, BY SERVICE TYPE, 2023–2028 (USD MILLION)

13.7 ELECTRONICS & SEMICONDUCTOR

13.7.1 RISING USE OF ADVANCED TECHNOLOGIES IN CONSUMER ELECTRONICS TO ACCELERATE NEED FOR TEST AND MEASUREMENT EQUIPMENT

TABLE 198 ELECTRONICS & SEMICONDUCTOR: TEST AND MEASUREMENT EQUIPMENT MARKET, BY TYPE, 2019–2022 (USD MILLION)

TABLE 199 ELECTRONICS & SEMICONDUCTOR: TEST AND MEASUREMENT EQUIPMENT MARKET, BY TYPE, 2023–2028 (USD MILLION)

TABLE 200 ELECTRONICS & SEMICONDUCTOR: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)

TABLE 201 ELECTRONICS & SEMICONDUCTOR: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)

TABLE 202 ELECTRONICS & SEMICONDUCTOR: TEST AND MEASUREMENT EQUIPMENT MARKET, BY SERVICE TYPE, 2019–2022 (USD MILLION)

TABLE 203 ELECTRONICS & SEMICONDUCTOR: TEST AND MEASUREMENT EQUIPMENT MARKET, BY SERVICE TYPE, 2023–2028 (USD MILLION)

13.8 INDUSTRIAL

13.8.1 INCREASING FOCUS ON MACHINE HEALTH MONITORING AND PREVENTIVE MAINTENANCE TO CONTRIBUTE TO MARKET GROWTH

TABLE 204 INDUSTRIAL: TEST AND MEASUREMENT EQUIPMENT MARKET, BY TYPE, 2019–2022 (USD MILLION)

TABLE 205 INDUSTRIAL: TEST AND MEASUREMENT EQUIPMENT MARKET, BY TYPE, 2023–2028 (USD MILLION)

TABLE 206 INDUSTRIAL: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)

TABLE 207 INDUSTRIAL: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)

TABLE 208 INDUSTRIAL: TEST AND MEASUREMENT EQUIPMENT MARKET, BY SERVICE TYPE, 2019–2022 (USD MILLION)

TABLE 209 INDUSTRIAL: TEST AND MEASUREMENT EQUIPMENT MARKET, BY SERVICE TYPE, 2023–2028 (USD MILLION)

13.9 HEALTHCARE

13.9.1 SURGING NEED FOR EFFECTIVE AND PRECISE MEDICAL DEVICES TO INCREASE DEMAND FOR TEST AND MEASUREMENT EQUIPMENT

TABLE 210 HEALTHCARE: TEST AND MEASUREMENT EQUIPMENT MARKET, BY TYPE, 2019–2022 (USD MILLION)

TABLE 211 HEALTHCARE: TEST AND MEASUREMENT EQUIPMENT MARKET, BY TYPE, 2023–2028 (USD MILLION)

TABLE 212 HEALTHCARE: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)

TABLE 213 HEALTHCARE: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)

TABLE 214 HEALTHCARE: TEST AND MEASUREMENT EQUIPMENT MARKET, BY SERVICE TYPE, 2019–2022 (USD MILLION)

TABLE 215 HEALTHCARE: TEST AND MEASUREMENT EQUIPMENT MARKET, BY SERVICE TYPE, 2023–2028 (USD MILLION)

14 APPENDIX (Page No. - 238)

14.1 INSIGHTS FROM INDUSTRY EXPERTS

14.2 DISCUSSION GUIDE

14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL

14.4 CUSTOMIZATION OPTIONS

14.5 RELATED REPORTS

14.6 AUTHOR DETAILS

The study involves four major activities that estimate the size of the sensor testing market. Exhaustive secondary research was conducted to collect information related to the market. Following this was validating these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the overall size of the sensor testing market. Subsequently, market breakdown and data triangulation procedures were used to determine the extent of different segments and subsegments of the market.

Secondary Research

Secondary sources in this research study include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers, certified publications, articles from recognized authors; directories; and databases. The secondary data were collected and analyzed to estimate the overall market size, further validated by primary research.

Primary Research

In the primary research process, numerous sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information about this report. The primary sources from the supply side included various industry experts such as Chief X Officers (CXOs), Vice Presidents (VPs), and Directors from business development, marketing, product development/innovation teams, and related key executives from sensor testing providers, such as TE Connectivity Ltd. (Switzerland), National Instruments Corp. (US), Keysight Technologies, Inc. (US), Fluke Corporation (US), and Rohde & Schwarz GmbH & Co. KG (Germany); research organizations, distributors, professional and managed service providers, industry associations, and key opinion leaders. Approximately 25% of the primary interviews were conducted with the demand side and 75% with the supply side. These data were collected mainly through questionnaires, emails, and telephonic interviews, accounting for 80% of the primary interviews.

Sensor Testing Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the market engineering process, both top-down and bottom-up approaches were implemented, along with several data triangulation methods, to estimate and validate the size of the market and other dependent submarkets listed in this report.

The key players in the industry and markets were identified through extensive secondary research.
Both the supply chain of the industry and the market size, in terms of value, were determined through primary and secondary research.
All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Market Size Estimation Methodology-Bottom-up approach and Top-down Approach

Sensor Testing Market Size, and Bottom-up Approach

Sensor Testing Market Size, and Top-down Approach

Data Triangulation

After estimating the overall market size, the total market was split into several segments. The market breakdown and data triangulation procedures were employed wherever applicable to complete the overall market engineering process and gauge exact statistics for all segments. The data were triangulated by studying various factors and trends from both the demand and supply sides. The market was also validated using both top-down and bottom-up approaches.

Market Definition

Sensor testing is the process of evaluating the performance and functionality of sensors used in a wide range of applications. It involves verifying the accuracy, precision, sensitivity, and response time of sensors to ensure they operate correctly and reliably within their specified parameters. This testing includes calibration, assessing the sensor's accuracy and precision, evaluating its sensitivity and response time, and considering the impact of environmental conditions. By conducting comprehensive sensor testing, industries can ensure that sensors provide accurate and reliable data, enabling effective decision-making and enhancing the performance of automated systems, control processes, and monitoring systems.

Stakeholders

Government bodies and policymakers
Industry organizations, forums, alliances, and associations
Raw material suppliers and distributors
Retail service providers
Raw Material and Manufacturing Equipment Suppliers
Semiconductor Wafer Vendors
Original Equipment Manufacturers (OEMs)
Original Design Manufacturers (ODMs) And OEM Technology Solution Providers
Networking Solutions Providers
Distributors and Retailers
Research Organizations
Technology Standards Organizations, Forums, Alliances, and Associations
Technology Investors
Software Providers
Value-added Resellers (Vars)

The main objectives of this study are as follows:

To define, describe, and forecast the sensor testing market in terms of value by offering, sensor type, application, and region
To forecast the market size, in terms of value, for four main regions—North America, Europe, Asia Pacific, and the Rest of the World (RoW)
To provide detailed information regarding factors (drivers, restraints, opportunities, and challenges) influencing the market growth
To provide a detailed overview of the sensor testing value chain, along with industry trends, technology trends, use cases, security standards, and Porter’s five forces
To analyze opportunities for stakeholders by identifying high-growth segments of the sensor testing market
To analyze the probable impact of the recession on the market in the future
To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market size
To strategically profile key players and comprehensively analyze their market positions in terms of ranking and core competencies2, and provide a detailed competitive landscape of the market
To analyze competitive developments, such as product launches, acquisitions, collaborations, agreements, and partnerships, in the battery energy storage system market

Available Customizations:

With the given market data, MarketsandMarkets offer customizations according to the specific requirements of companies. The following customization options are available for the report:

Country-wise Information:

Analysis for additional countries (up to five)

Company Information:

Detailed analysis and profiling of different market players (up to five)

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.