Sensors & Actuators - United Kingdom

Revenue in the Sensors & Actuators market is projected to reach US$115.60m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 11.95%, 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 United Kingdom is experiencing steady growth due to increasing customer preferences for smart devices and automation technologies.

Customer preferences: Customers in the United Kingdom are increasingly demanding smart devices and automation technologies in various industries such as automotive, healthcare, and manufacturing. This is driven by the need for improved efficiency, productivity, and convenience. Smart sensors and actuators play a crucial role in enabling automation and connectivity in these industries. Additionally, the growing adoption of Internet of Things (IoT) devices is further driving the demand for sensors and actuators, as they are essential components for collecting and transmitting data.

Trends in the market: One of the key trends in the Sensors & Actuators market in United Kingdom is the increasing integration of sensors and actuators in smart home systems. With the rise of smart home technology, homeowners are looking for ways to automate and control various aspects of their homes, such as lighting, heating, and security. Sensors and actuators are essential components in these systems, enabling the detection of changes in the environment and the activation of corresponding actions. This trend is expected to continue as more consumers embrace the convenience and energy efficiency offered by smart home systems. Another trend in the market is the growing demand for sensors and actuators in the automotive industry. The United Kingdom has a strong automotive manufacturing sector, and there is a growing focus on developing electric and autonomous vehicles. Sensors and actuators are critical components in these vehicles, enabling functions such as collision detection, adaptive cruise control, and autonomous driving. As the demand for electric and autonomous vehicles continues to rise, the demand for sensors and actuators in the automotive industry is expected to grow as well.

Local special circumstances: The United Kingdom has a highly developed technology and manufacturing sector, which provides a conducive environment for the growth of the Sensors & Actuators market. The presence of leading technology companies and research institutions in the country fosters innovation and drives the development of advanced sensor and actuator technologies. Additionally, the strong manufacturing capabilities in the country support the production and assembly of sensors and actuators for various industries.

Underlying macroeconomic factors: The United Kingdom has a stable and growing economy, which provides a favorable business environment for the Sensors & Actuators market. The government's focus on promoting innovation and technology adoption further supports the growth of the market. Additionally, the increasing awareness and acceptance of automation technologies in industries such as manufacturing and healthcare contribute to the demand for sensors and actuators. In conclusion, the Sensors & Actuators market in United Kingdom is witnessing growth due to increasing customer preferences for smart devices and automation technologies. The integration of sensors and actuators in smart home systems and the demand for these components in the automotive industry are key trends driving the market. The country's strong technology and manufacturing sectors, along with a stable macroeconomic environment, further support 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.