Sensor testing refers to the process of evaluating the performance, accuracy, reliability, and functionality of sensors used in various applications to confirm that sensors meet predefined requirements and standards. It is a vital process that ensures sensors' quality, reliability, and performance in a wide range of applications, contributing to safer, more efficient, and more reliable sensor-based technologies.
Sensor Testing Global Market Report 2024 provides data on the global sensor testing market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The Sensor Testing market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
The sensor testing market size has grown strongly in recent years. It will grow from $1.63 billion in 2023 to $1.74 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to IoT and industry 4.0 adoption, rapid growth in sensor adoption, the rise of the automotive industry, the rising adoption of smartphones, and the rise of electric vehicles. The sensor testing market size is expected to see strong growth in the next few years. It will grow to $2.31 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to demand for autonomous vehicles, increasing demand for miniaturization, increasing adoption of sensors in smart city projects, increasing demand for advanced driver assistance systems, and the growth of wearable devices and health tech. Major trends in the forecast period include customized testing solutions, environmental testing, multiparameter testing, IoT integration, and blockchain-based data security.
The sensor testing market is expected to grow with the increasing adoption of consumer electronics globally. Consumer electronics, including smartphones and other gadgets, have witnessed renewed growth driven by technological advancements, affordability, connectivity demands, and expanding e-commerce platforms. In 2023, global smartphone sales rebounded significantly, reflecting robust consumer interest and market recovery. Sensor testing plays a critical role in ensuring the quality, reliability, and functionality of sensors embedded in consumer electronics. This market segment supports the ongoing innovation and reliability standards required by modern electronic devices. As consumer electronics adoption continues to rise through 2023, 2024, and 2028, the sensor testing market is poised for growth, underpinning the quality assurance processes essential for delivering reliable and efficient electronic products.
Get Your Free Sample of the Global Sensor Testing Market ReportThe sensor testing market covered in this report is segmented –
1) By Offering: Hardware, Software
2) By Sensor Type: Analog Sensor, Digital Sensor
3) By Technology: Non-Destructive Testing, Destructive Testing, Automated testing, Manual Testing
4) By Application: Consumer Electronics, Aerospace, Industrial, Automotive, Healthcare, Other Applications
Companies in the sensor testing market are focusing on developing cutting-edge products like the Druck hydrogen pressure sensor to maintain their competitive edge. Druck hydrogen pressure sensors are engineered to measure and monitor hydrogen gas pressure across various applications. For instance, in September 2023, Baker Hughes, a US-based energy technology firm, launched Druck hydrogen pressure sensor technology offering high durability, accuracy, and reliability for hydrogen applications. This technology is suitable for use in hydrogen refueling stations, gas turbines, and electrolysis-based hydrogen production. The sensors feature a high-performance barrier coating, ensuring a minimum lifespan of five years under various operational stresses.
Asia-Pacific was the largest region in the sensor testing market in 2023. The regions covered in the sensor testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.