China Sensors Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 9.10 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
China Sensors Market Analysis
The Chinese sensors market is valued at USD 12.2 billion in the current year. It is expected to reach USD 20.5 billion by the end of the forecast period, registering a CAGR of around 9.1%.
- Agricultural, manufacturing, data centers, meteorology, heating, ventilation, and air conditioning (HVAC) are just a few of the environments and sectors where the sensors are employed. For instance, the level of a physical substance, such as water, gasoline, coolant, grain, fertilizer, or garbage, can be determined using a level sensor.
- The growing focus on equipment miniaturization is responsible for the growth of the market. The need for facility management services nationwide is driven by the requirement for strong design and improved performance in harsh conditions.
- The conventional boundaries of automation and control functions are being broken by Industry 4.0 in the process and manufacturing industries. It allows a broader range of activities and sectors to operate under global efforts and architectural frameworks, such as Made-in-China 2025. Additionally, numerous research institutions, including universities such as the Chinese Academy of Science and the Applied Institutes of Industrial Ministries, have active research and development programs on sensors, thus driving the market in the coming years.
- During the COVID-19 pandemic, due to the imposed lockdown and shutdown of manufacturing sites, the manufacture and distribution of sensors were disrupted in the country and overseas. To re-enter the market after COVID-19, manufacturers are considering several strategic choices, such as advancing the technology used in different types of sensors. The companies are engaging in a lot of R&D and introducing more sophisticated and precise sensors to the market. Many companies are focused on mergers and acquisitions to expand their market reach and business.
China Sensors Market Trends
Automotive Industry is Expected to Hold a Significant Share
- Customers' expectations for quality, functionality, and efficiency have grown due to the Chinese automobile industry's fast rise. Notably, the Chinese government views its automotive industry, including the auto parts sector, as one of the prominent industries. The Chinese government expects China's automobile output to reach 35 million units by 2025, which is expected to make the automotive sector one of the prominent users of MEMS sensors in China.
- China's government has invested significantly in EV R&D, achieving the top score on Roland Berger's E-mobility Index for 2021. Notably, China has the world's largest EV industry by a wide margin. It is the world's top EV producer and produced 3.5 million EVs in 2021, 1.6 times more than the previous year. China recently instructed automakers to sell 40% more electric vehicles (EVs) than conventional vehicles by 2030.
- According to CAAM, sales of new energy vehicles in China reached 299,000 units in April 2022, of which 280,000 were passenger electric cars and 19,000 were commercial electric cars. 212,000 and 68,000 passenger battery electric cars (BEVs) and plug-in hybrid electric vehicles (PHEVs) were sold, respectively. The growth in the adoption of electric vehicles is expected to propel the market's growth over the forecast period.
Defense Industry is Expected to Hold a Significant Share
- Modern military and defense environments need tested, dependable, and scalable technologies. Since they offer solutions for the entire defense ecosystem, including complicated controls, measurements, monitoring, and execution, sensors are crucial to the technologies. For instance, temperature sensors are common in defense in many mission-critical systems, such as liquid cooling and motion control.
- Wireless sensors are becoming increasingly important in the military and aerospace fields. Wireless sensors are a crucial semiconductor technology product. When developing military vehicles, their influence on the aircraft's structural integrity, diagnostic optimization, and ongoing health checks continues to be essential.
- These sensors aid in delivering accurate information on different aspects to increase the vehicle's efficacy and efficiency. 'Smart Skin Technology' has also recently been used in the aerospace sector. This ground-breaking technology equips the aircraft's exterior with over 10,000 microsensors, allowing the pilot to monitor the vehicle's condition. It assists in measuring wind speed, temperature, and physical strain movement, enhancing the aircraft's lifespan significantly.
- China is focusing on strengthening itself in the defense industry with the help of AI. Using AI, it will produce several unmanned aerial vehicles (UAVs), where sensors will be utilized heavily. Pilot deaths brought on by strikes from anti-craft weapons can be significantly decreased if UAVs carry sensors and radar front deployment and act as the "pathfinder" for manned aircraft.
- According to the National Bureau of Statistics of China, the country spent over CNY 1.38 trillion (~USD 216.5 billion) on national defense in 2021, a constant increase over the previous 10 years. In the same year, nearly 5% of all national government spending went toward national defense.
- According to the draught budget plans, the Chinese government proposed the defense budget for the fiscal year 2022 at CNY 1.45 trillion (USD 230 billion), an increase of 7.1% annually. This increase may help in China's fast modernization of the navy, which includes the construction of new aircraft, air force, and missile systems where optical and radar sensors will be utilized. These trends may drive the market for sensors during the forecast period.
China Sensors Industry Overview
The Chinese sensors market is highly competitive, with diverse firms of different sizes. The market is anticipated to witness several product innovations, partnerships, mergers, and acquisitions as organizations continue to invest strategically in offsetting the present slowdowns they are experiencing. The market comprises key solutions and service providers, such as Novosense, Cheemi Technology Co. Ltd, TM Automation Instruments Co. Ltd, and STMicroelectronics NV.
- September 2022 - NOVOSENSE Microelectronics introduced six new industrial and automotive-qualified chip series, including isolated sampling, isolated drivers, gate drivers, non-isolated high-voltage half-bridge drivers, silicon microphone conditioning chips, and gauge pressure sensors. These chips are used in new energy vehicles, industrial applications, consumer electronics, and the medical sector.
- February 2022 - The Intelligent Sensor Processing Unit (ISPU), which combines a Digital Signal Processor (DSP) designed to execute AI algorithms and MEMS sensor on the same silicon, was introduced by STMicroelectronics. By combining sensors with AI, it is possible to reduce size compared to system-in-package devices, reduce power consumption by up to 80%, and move electronic decision-making to the application edge.
China Sensors Market Leaders
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Novosense
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Cheemi Technology Co. Ltd.
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HeYi Electronics Technology Co. Ltd.
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TM Automation Instruments Co., Ltd.
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STMicroelectronics N.V.
*Disclaimer: Major Players sorted in no particular order
China Sensors Market News
- April 2022 - Chinese meteorologists launched monitoring and assessment services for winter wheat distribution nationwide based on remote sensing satellite technology. The new satellite-powered service could address the previous lack-of-precision problems in weather forecasts for grain production.
- January 2022 - At CES 2022, RoboSense, a leading smart LiDAR sensor provider based in Shenzhen, Guangdong Province, South China, displayed the world's first mass-produced automotive grade solid-state LiDAR and the RS-Helios-5515, a new customized 32-line LiDAR first carried by Alibaba's logistics robot Xiaomanlv.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Degree of Competition
4.3 Industry Value Chain/Supply Chain Analysis
4.4 Analysis of the Macroeconomic Factors Affecting the Industry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Emergence of Automation and Industry 4.0
5.1.2 Technological Advancements and Decreasing Cost of Sensors
5.2 Market Restraints
5.2.1 High Initial Cost Involved
6. MARKET SEGMENTATION
6.1 By Parameters Measured
6.1.1 Temperature
6.1.2 Pressure
6.1.3 Level
6.1.4 Flow
6.1.5 Proximity
6.1.6 Environmental
6.1.7 Chemical
6.1.8 Inertial
6.1.9 Magnetic
6.1.10 Vibration
6.1.11 Other Parameters Measured
6.2 By Mode of Operation
6.2.1 Optical
6.2.2 Electrical Resistance
6.2.3 Biosensors
6.2.4 Piezoresistive
6.2.5 Image
6.2.6 Capacitive
6.2.7 Piezoelectric
6.2.8 Lidar
6.2.9 Radar
6.2.10 Other Modes of Operation
6.3 By End-user Industry
6.3.1 Automotive
6.3.2 Consumer Electronics
6.3.2.1 Smartphones
6.3.2.2 Tablets, Laptops, and Computers
6.3.2.3 Wearable Devices
6.3.2.4 Smart Appliances or Devices
6.3.2.5 Other Consumer Electronics
6.3.3 Energy
6.3.4 Industrial and Other
6.3.5 Medical and Wellness
6.3.6 Construction, Agriculture, and Mining
6.3.7 Aerospace
6.3.8 Defense
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Novosense
7.1.2 Cheemi Technology Co. Ltd
7.1.3 TM Automation Instruments Co. Ltd
7.1.4 Ninghai Sendo Sensor Co. Ltd
7.1.5 STMicroelectronics NV
7.1.6 HeYi Electronics Technology Co. Ltd
7.1.7 Honeywell International Inc.
7.1.8 Trihero Group
7.1.9 Amphenol Advanced Sensors
7.1.10 First Sensor AG (TE Connectivity Ltd)
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
China Sensors Industry Segmentation
A sensor is an object, a machine, a module, or a system that monitors its surroundings and communicates information to other electronics, most frequently a computer processor, when it notices changes or occurrences. A sensor changes a physical phenomenon into a quantifiable digital signal that may be read, displayed, or processed further.
The Chinese sensors market is segmented by parameters measured (temperature, pressure, level, flow, proximity, environmental, chemical, inertial, magnetic, vibration), mode of operation (optical, electrical resistance, biosensors, piezoresistive, image, capacitive, piezoelectric, lidar, radar), and end-user industry (automotive, consumer electronics (smartphones, tablets, laptops, and computers, wearable devices, smart appliances or devices), energy, industrial and other, medical and wellness, construction, agriculture, and mining, aerospace, and defense). The market sizes and forecasts are provided in terms of value in USD for all the above segments.
| By Parameters Measured | |
| Temperature | |
| Pressure | |
| Level | |
| Flow | |
| Proximity | |
| Environmental | |
| Chemical | |
| Inertial | |
| Magnetic | |
| Vibration | |
| Other Parameters Measured |
| By Mode of Operation | |
| Optical | |
| Electrical Resistance | |
| Biosensors | |
| Piezoresistive | |
| Image | |
| Capacitive | |
| Piezoelectric | |
| Lidar | |
| Radar | |
| Other Modes of Operation |
| By End-user Industry | |||||||
| Automotive | |||||||
| |||||||
| Energy | |||||||
| Industrial and Other | |||||||
| Medical and Wellness | |||||||
| Construction, Agriculture, and Mining | |||||||
| Aerospace | |||||||
| Defense |
Frequently Asked Questions
What is the current China Sensors Market size?
The China Sensors Market is projected to register a CAGR of 9.10% during the forecast period (2024-2029)
Who are the key players in China Sensors Market?
Novosense, Cheemi Technology Co. Ltd., HeYi Electronics Technology Co. Ltd., TM Automation Instruments Co., Ltd. and STMicroelectronics N.V. are the major companies operating in the China Sensors Market.
What years does this China Sensors Market cover?
The report covers the China Sensors Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China Sensors Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
China Sensors Industry Report
Statistics for the 2024 China Sensors market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Sensors analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
