Sensors & Actuators - D-A-CH | Statista Market Forecast

Revenue in the Sensors & Actuators market is projected to reach US$1.12bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.94%, 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 D-A-CH, which includes Germany, Austria, and Switzerland, is experiencing significant growth and development.

Customer preferences: Customers in the D-A-CH region have shown a strong preference for advanced and innovative sensor and actuator technologies. They value products that are reliable, accurate, and efficient. Additionally, customers in this region prioritize sustainability and environmental friendliness, driving demand for sensors and actuators that are energy-efficient and have low environmental impact.

Trends in the market: One of the key trends in the Sensors & Actuators market in D-A-CH is the increasing adoption of Internet of Things (IoT) technology. This trend is driven by the need for connectivity and data-driven decision making in various industries, including manufacturing, automotive, and healthcare. As a result, there is a growing demand for sensors and actuators that can collect and transmit data in real-time, enabling businesses to optimize their operations and improve efficiency. Another trend in the market is the rising demand for sensors and actuators in the automotive industry. With the growing popularity of electric vehicles and autonomous driving technologies, there is a need for advanced sensors and actuators that can enhance safety and enable autonomous functionalities. This trend is expected to drive the growth of the Sensors & Actuators market in D-A-CH, as the region is known for its strong automotive industry.

Local special circumstances: The D-A-CH region has a highly developed industrial sector, with Germany being one of the world's leading exporters of machinery and equipment. This creates a favorable environment for the Sensors & Actuators market, as there is a high demand for these technologies in various industries, including manufacturing, automation, and robotics. Additionally, the region has a strong focus on research and development, driving innovation and the development of advanced sensor and actuator technologies.

Underlying macroeconomic factors: The strong economic performance of the D-A-CH region is a key driver of the Sensors & Actuators market. The region has a stable economy, high disposable income levels, and a strong industrial base, creating a favorable environment for businesses to invest in sensor and actuator technologies. Furthermore, the region's focus on sustainability and environmental protection is driving the adoption of energy-efficient and environmentally friendly sensor and actuator solutions. In conclusion, the Sensors & Actuators market in D-A-CH is experiencing significant growth and development, driven by customer preferences for advanced and innovative technologies, the increasing adoption of IoT, and the rising demand in the automotive industry. The region's strong industrial base, focus on research and development, and stable economy are also contributing to the growth of the market.

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.