In 2023, the global test and measurement sensors market was predicted to be valued at USD 12,608.8 million. Rising funding from government and private organizations for the healthcare segment, the growing prevalence of cardiovascular diseases, and the need for minimally invasive procedures are accountable for the market growth for test and measurement sensors.
The test and measurement sensors industry is anticipated to reach nearly USD 24,648.8 million by 2033, with an evolving CAGR of 6.9% from 2023 to 2033.
Accurate measurement and thorough testing of devices and systems have become mandatory in everyday scenarios where applications such as precision electronics and automobiles aim for granulated efficacy. This has forced many market players to go for designs that assist in keeping track of several parameters, such as the pressure & load of a system, acceleration under testing or operation.
Test and measurement sensors are crucial to several manufacturers' quality checks and product development processes. Test and measurement sensors implemented at several testing environments measure equipment based on set parameters to assess their fit to desired quality standards. These sensors assist test and measurement sensors manufacturers in determining defects and flaws in their test products and estimating the feasibility of products based on potential use cases.
With its use across a product lifestyle, from research and development to manufacturing to deployment, testing, and measurement, sensors are vital to ensure a shorter time to market and product performance, even though consumers' needs vary broadly across these segments.
The research and development test and measurement market may gain profit from high-speed digital trends and revitalize the bit error ratio tester (BERT) market powered by data center buildout with the advent of 400 gigabit Ethernet (GbE) technologies and complex modulation signals such as pulse amplitude modulation.
Market (From 2018 to 2022)
| Attributes | Details |
|---|---|
| Market HCAGR (From 2018 to 2022) | 4.8% |
| Market Size - 2018 | USD 9,907.7 million |
| Market Size - 2022 | USD 11,974.2 million |
Market (From 2023 to 2033)
| Attributes | Details |
|---|---|
| Market CAGR (From 2023 to 2033) | 6.9% |
| Market Size - 2023 | USD 12,608.8 million |
| Market Size - 2033 | USD 24,648.8 million |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The test and measurement sensors market experienced significant growth from 2018 to 2022, driven by technological advancements and increasing demand across various industries. During this period, the test and measurement sensors industry witnessed a steady rise in adopting sensor-based test and measurement solutions.
From 2023 to 2033, the test and measurement sensors business is expected to grow more substantially. The growing need for precise and accurate measurement systems in automotive, aerospace, healthcare, and manufacturing fuels this projection. The test and measurement sensors industry is anticipated to benefit from continuous innovations, emerging applications, and the integration of IoT and AI technologies into sensor-based systems, enabling more efficient and intelligent data analysis.
The growing technological progress in communication and networking is the primary factor boosting the market growth for test and measurement sensors. The rising need for these sensors in various applications like consumer electronics, telecommunications, and semiconductors contributes to the test and measurement sensors market growth.
The growing disposable income of the majority population and the development of 5G technologies are anticipated to contribute to market growth during the forecast period.
Regulatory organizations have begun incorporating stringent regulations on the products’ quality. The test and measurement sensors manufacturers with a global footprint or planning to expand their presence across different regions are struggling to meet the quality standards stated by the regulatory authorities. Regulatory bodies need to fulfill stringent demands spurs the need for test & measurement sensors globally.
Principal Consultant
The market has several difficulties in the fast-changing technological environment of today. It is difficult for sensor makers to match the need for more accurate, precise, and sensitive sensors due to the complexity and diversity of devices and systems.
Electronics' march towards miniaturization necessitates increasingly compact and smaller sensors without compromising performance. The requirement for sensors to function in hostile conditions with high temperatures, jarring shocks, and electromagnetic interference is another difficulty.
Due to the market's intense competition and the ongoing development of new sensor technologies, businesses must constantly innovate to stay on top. As sensors acquire and send sensitive information while performing measurements, data security and privacy issues remain challenging.
| Attributes | Details |
|---|---|
| North America Market Share - 2023 | 27.1% |
| United States Market Share - 2023 | 19.6% |
| Australia Market Share - 2023 | 2.5% |
North America is expected to dominate the test and measurement sensors by accounting for 36.4% market share in the global market owing to increasing demand from several end-use sectors such as automotive, electrical, and electronics.
The usual inclination of necessary test and measurement sensor manufacturers in the United States has moved from authentic and quality products owing to advancements in autonomous surging technology and modern research fields. This is likely to promote this region’s market.
In the Internet of Things (IoT) technology trends, there is a growing demand for enhanced bandwidth and reduction in latency; this can be easily achieved via 5G. The United States is one of the active players in the league for commercializing the 5G network nationwide.
| Attributes | Details |
|---|---|
| Japan Market Share - 2023 | 4.4% |
| China Market CAGR (From 2023 to 2033) | 6.5% |
| India Market CAGR (From 2023 to 2033) | 7.1% |
Asia Pacific is predicted to grow faster as several regional governments are undertaking several initiatives to encourage inventions, research, and development in their countries. The automotive industry is anticipated to attain maximum market share, owing to recent trends related to autonomous and connected cars.
The healthcare segment is anticipated to promote the test and measurement sensors market because of the development of novel healthcare equipment, personal emergency reporting systems, and patient-monitoring systems.
| Attributes | Details |
|---|---|
| Europe Market Share - 2023 | 23.7% |
| Germany Market Share - 2023 | 10.4% |
| United Kingdom Market CAGR (From 2023 to 2033) | 3.2% |
The Europe test and measurement sensors market is experiencing significant growth. Test and measurement sensors are devices used to gather data and monitor various industry parameters. The test and measurement sensors industry is driven by factors such as the increasing adoption of sensor technologies in industries like automotive, aerospace, and healthcare and the growing demand for accuracy and reliability in measurements.
The rise in investments in research and development activities and the advancements in sensor technologies are fueling market growth for test and measurement sensors. Key test and measurement sensor manufacturers in the European market focus on product innovation and strategic partnerships to gain a competitive edge.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
| Category | Sensor Type |
|---|---|
| Leading Segment | Pressure Measurement Sensors |
| Market Share | 32.4% |
Among the sensor types in the test and measurement sensors market, the pressure measurement sensors segment leads for several reasons. Pressure measurement sensors are crucial in various industries, including automotive, aerospace, and manufacturing, where accurate and reliable pressure monitoring is essential.
These sensors enable precise fluid or gas pressure measurements, ensuring safety, efficiency, and quality control. The demand for pressure measurement sensors is driven by the need for process optimization, regulatory compliance, and the increasing complexity of industrial systems, making it the leading segment in the test and measurement sensors industry.
| Category | Application |
|---|---|
| Leading Segment | Semiconductor & Electronics |
| Market Share | 25.3% |
The semiconductor & electronics segment leads among the various applications in the test and measurement sensors market. This is due to several factors. The semiconductor & electronics segment heavily relies on precise and accurate measurements to ensure the quality and performance of electronic components and devices.
The constant advancements in semiconductor technology surge the need for specialized testing and measurement sensors. The growing demand for semiconductors in various applications such as consumer electronics, automotive electronics, and IoT devices fuels the need for test and measurement sensors in this segment.
Some key test and measurement sensors manufacturers are Honeywell International Inc., Kistler Group, Hoskin Scientific, TE Connectivity Corporation, FUTEK Advanced Sensor Technology, Inc, Tekscan, Inc., Spectris PLC, ROHDE&SCHWARZ, PCB Piezotronics, Inc, Hydrotechnik UK Ltd & KEYENCE CORPORATION.
| Who | NOVELDA |
|---|---|
| When | January 2022 |
| What | Norwegian start-up Novelda is setting its grip on the market with pioneering presence detection using ultra-wideband sensors. In short, this start-up has been making waves with its state-of-the-art technology, from awards to funding. Recently, the company made it to the news by securing new funding rounds and raising the availability of its novel sensors. |
| Who | Vivoo |
|---|---|
| When | November 2021 |
| What | Vivoo, the first ever personalized nutrition and lifestyle start-up which made-at-home urine tests, announced a US$ 6 million Series A fundraise. The round was led by Draper Associates, along with contributions from ONCE Ventures, Revo Capital, 500 Start-ups, Global Ventures, and Halogen Ventures. The raised capital can mainly used in the team's expansion to influence the rising need for wellness solutions, with the mobile health app market anticipated to be worth USD 236 billion by 2026. |
Recent Breakthroughs and Developments
| Who | Spectris PLC |
|---|---|
| When | May 2022 |
| Strategic Move | Spectris Plc., the expert company that provides insights through accurate measurements, announced its purchase agreement to acquire Dytran Instruments, Inc. for US$ 82 million. This transaction is subject to regulatory approval and is predicted to close in the fourth quarter. |
| Who | PCB Piezotronics |
|---|---|
| When | April 2022 |
| Strategic Move | PCB Piezotronics launched Case Isolated Triaxial ICP Accelerometers with an expanded frequency range of up to 10,000 Hz at a 5% deviation. Models 354B04 and 354B05 are case isolated to help ensure measurement quality in the presence of electrical noise, and both sensors are TEDS IEEE 1451.4 enabled for easy tracking and record keeping. |
North America is estimated to witness lucrative growth opportunities through 2033.
The market is valued at USD 12,608.8 million in 2023.
Kistler Group and Honeywell International Inc. are the key market players.
Pressure measurement sensor is likely to remain preferred through 2033.
Players opt for mergers, new launches, collaborations, and acquisitions.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sensor Type 5.1. Load Measurement Sensors 5.2. Pressure Measurement Sensors 5.3. Torque Measurement Sensors 5.4. Displacement Measurement Sensors 5.5. Accelerometers 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Automotive 6.2. Aerospace & Defense 6.3. IT & Telecommunications 6.4. Semiconductor & Electronics 6.5. Healthcare 6.6. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Honeywell International Inc. 17.2. Kistler Group 17.3. Hoskin Scientific 17.4. TE Connectivity Corporation 17.5. FUTEK Advanced Sensor Technology, Inc 17.6. Tekscan, Inc. 17.7. Spectris PLC 17.8. ROHDE&SCHWARZ 17.9. PCB Piezotronics, Inc 17.10. Hydrotechnik UK Ltd & KEYENCE CORPORATION. 18. Assumptions & Acronyms Used 19. Research Methodology
Explore Technology Insights
View Reports
Test and Measurement Sensors Market
