Sensors & Actuators - Czechia | Statista Market Forecast

Revenue in the Sensors & Actuators market is projected to reach US$66.72m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 10.50%, resulting in a market volume of 0.00 by 2029.
In global comparison, most revenue will be generated China (US$6.22bn in 2024).

Definition:

The Sensors & Actuators market includes semiconductor devices that are made for measuring physical, chemical, and biological properties such as temperature, pressure, and acceleration, as well as gyroscopes sensors, and microelectromechanical (MEMS) devices that convert electrical signals into physical actions in devices such as relays, digital micromirrors, etc.

Additional Information:

The Sensors & Actuators market comprises revenue and revenue change as the key performance indicators. Only the revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included and the revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B), and governments (B2G).

Key players in this market include Texas Instruments, NXP Semiconductors, ST Microelectronics, Amphenol Corporation, etc.,

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Temperature sensors
Pressure sensors
Acceleration sensors
Yaw and Spin rate sensors
Magnetic sensors
MEMS devices

Optical sensors
Image sensors
Motors

The Sensors & Actuators market in Czechia is experiencing significant growth due to several key factors. Customer preferences in the market are driving demand for innovative and advanced sensor and actuator technologies. Additionally, local special circumstances and underlying macroeconomic factors are contributing to the development of the market. Customer preferences in Czechia are favoring sensors and actuators that offer high accuracy, reliability, and efficiency. Customers are increasingly seeking out advanced technologies that can enhance their operations and improve overall performance. This includes sensors and actuators with features such as wireless connectivity, IoT integration, and real-time data monitoring. The demand for these technologies is driven by the need for automation and optimization in various industries, including manufacturing, automotive, and healthcare. Trends in the Sensors & Actuators market in Czechia are aligned with global market trends. There is a growing adoption of sensors and actuators in the automotive industry, particularly for applications such as vehicle safety systems, autonomous driving, and electric vehicle components. The increasing focus on sustainability and energy efficiency is also driving the demand for sensors and actuators in the renewable energy sector, including wind and solar power plants. Furthermore, the healthcare industry is witnessing a surge in the use of sensors and actuators for remote patient monitoring, medical devices, and wearable technology. Local special circumstances in Czechia, such as the presence of a highly skilled workforce and a favorable business environment, are contributing to the development of the Sensors & Actuators market. The country has a strong engineering and technical talent pool, which enables the local industry to develop and manufacture high-quality sensor and actuator solutions. Additionally, Czechia has a favorable business environment with supportive government policies, access to funding, and a well-developed infrastructure, which attracts both domestic and international companies to invest in the market. Underlying macroeconomic factors are also playing a role in the growth of the Sensors & Actuators market in Czechia. The country has a stable economy with steady GDP growth, which provides a conducive environment for businesses to thrive. Furthermore, Czechia is strategically located in the heart of Europe, making it an attractive market for sensor and actuator manufacturers to establish their presence and serve customers not only in Czechia but also in neighboring countries. In conclusion, the Sensors & Actuators market in Czechia is experiencing growth driven by customer preferences for advanced technologies, global market trends, local special circumstances, and underlying macroeconomic factors. The demand for high-performance sensors and actuators is expected to continue to rise as industries in Czechia seek to enhance their operations and embrace automation and optimization.

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the money spent at the manufacturer price level (excluding VAT).

Modeling approach / Market size:

Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market. As a basis for evaluating markets, we use the annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Governments and companies across the entire semiconductor value chain have had to navigate changing demands, supply chain imbalances, and geopolitical factors in recent times. As a result, action plans and policies have had to be established to safeguard the supply of semiconductors. In 2024, global semiconductor sales surpassed 600 billion U.S. dollars, a jump from the previous year as the industry reaps the rewards from the artificial intelligence (AI) revolution sweeping across the world.