Sensors & Actuators - New Zealand

Revenue in the Sensors & Actuators market is projected to reach US$7.86m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 10.45%, 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 New Zealand is experiencing significant growth and development. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors are all contributing to this positive trend. Customer preferences in New Zealand are shifting towards smart and connected devices. Consumers are increasingly seeking products that can be controlled and monitored remotely, providing convenience and efficiency. This has led to a growing demand for sensors and actuators that enable connectivity and automation in various industries, including manufacturing, healthcare, and agriculture. In line with global trends, the Sensors & Actuators market in New Zealand is witnessing a rise in the adoption of Internet of Things (IoT) technology. The increasing connectivity of devices and the ability to collect and analyze data in real-time are driving the demand for sensors and actuators. This trend is expected to continue as more industries embrace digital transformation and seek to optimize their operations. Another trend in the market is the growing focus on sustainability and energy efficiency. New Zealand has set ambitious targets to reduce greenhouse gas emissions and transition to a low-carbon economy. This has created a demand for sensors and actuators that can help monitor and control energy consumption, optimize resource usage, and enable more sustainable practices across industries. Local special circumstances also play a role in the development of the Sensors & Actuators market in New Zealand. The country has a strong agricultural sector, and there is a growing need for sensors and actuators to improve productivity and efficiency in farming practices. This includes precision agriculture techniques, such as soil moisture sensors and automated irrigation systems, which help optimize water usage and enhance crop yields. Furthermore, New Zealand has a well-developed healthcare sector that is increasingly adopting digital solutions. Sensors and actuators are being used in medical devices and wearable technology to monitor patients' health, provide real-time data, and enable remote patient monitoring. The aging population in New Zealand is also driving the demand for healthcare technologies that can support independent living and improve the quality of life for elderly individuals. Underlying macroeconomic factors are also contributing to the growth of the Sensors & Actuators market in New Zealand. The country has a stable economy with a strong focus on innovation and technology. Government initiatives and investments in research and development are supporting the development of the technology sector, including the Sensors & Actuators market. In conclusion, the Sensors & Actuators market in New Zealand is experiencing growth and development driven by customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The shift towards smart and connected devices, the adoption of IoT technology, the focus on sustainability and energy efficiency, and the specific needs of the agricultural and healthcare sectors are all contributing to this positive trend.

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 are expected to surpass 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.