Market Trends of Taiwan Sensors Industry
Environmental Sensors are Expected to Register Significant CAGR
- An environmental sensor is a device that measures and monitors various environmental parameters. These parameters include temperature, humidity, pressure, light, rainfall, wind speed, wind direction, noise, and specific particulate matter sizes like PM2.5 and PM10. Typically, these sensors consist of a sensitive element and a conversion element. The sensitive element detects environmental changes, while the conversion element translates these changes into an electrical signal for measurement and recording.
- Environmental monitoring plays an important role in protecting the environment from toxic contaminants and pathogens. It is commonly used to prepare environmental impact assessments and establish the circumstances in which human activities risk harmful effects on the natural environment. Environmental monitoring sensors can measure air quality, water purity, and soil composition.
- Environmental sensors find diverse applications across environmental protection, agriculture, meteorology, and industry. In environmental protection, they play a crucial role in detecting air quality, pollutant emissions, and other environmental parameters, aiding in timely environmental assessments and formulating effective countermeasures.
- These sensors come in various types, each tailored to detect specific environmental parameters. These sensors operate on diverse measurement principles, including the thermoelectric effect and resistive, capacitive, and photoelectric technologies.
- Moreover, the Taiwanese government has enacted a series of regulations and policies to curb pollution, safeguard natural resources, and uphold environmental integrity. Environmental sensors play a pivotal role in ongoing monitoring to ensure adherence and gauge advancements.
- After witnessing a successful reduction in the mean concentration of fine particulate matter (PM2.5) over the past seven years, the government plans to elevate air quality standards in central and southern Taiwan, as announced by the Ministry of Environment. To combat transportation-related air pollution, local governments nationwide established 63 air quality maintenance zones.
- The National Development Council approved the Phase II Air Pollution Prevention action plan in October 2023, which is set to run from 2024 until 2027 and is now pending approval from the Executive Yuan. The ministry aims to further decrease the mean PM2.5 concentration in central and southern Taiwan to 15 mg/m2.
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Automotive is Expected to Witness Highest Growth Rate
- The automotive industry in Taiwan has experienced significant growth in recent years. With a focus on electric vehicles and smart mobility solutions, Taiwan has positioned itself as a key player in the global automotive industry. Additionally, Taiwan’s expertise in semiconductor manufacturing has allowed it to supply critical components for advanced driver-assistance systems (ADAS) and autonomous vehicles.
- Statistics from the Taiwan Transportation Vehicle Manufacturers Association revealed that from January to November 2023, Taiwan's vehicle industry production value surged to NTD 770.3 billion (USD 23.80 billion), representing about 4.8% of the nation's total manufacturing output.
- Advanced driver assistance systems (ADAS) require numerous integrated sensors to accurately determine situational assessment and action implementation. ADAS technologies, like cameras, ultrasonic, LIDAR, radar, and infrared (IR) sensors, are being utilized by OEMs and Tier 1 suppliers. The increasing penetration of ADAS in the automotive sector would offer several growth opportunities for the market studied.
- As the automotive industry endeavors to meet global environmental regulations, the need for increased efficiency and improved engine system control has become paramount. This requires the use of efficient wireless sensors to accurately monitor conditions through Bluetooth and battery-free RFID technology, thereby enhancing efficiency by targeting non-critical systems within vehicles.
- The automotive industry is presently undergoing a technology transition that focuses on increasing safety, comfort, and entertainment, providing ample opportunities for applying wireless sensors. Emerging applications like autonomous vehicles and drones further accelerate the need for wireless sensors.
