PUBLISHER: The Business Research Company | PRODUCT CODE: 1694986
PUBLISHER: The Business Research Company | PRODUCT CODE: 1694986
Sensor testing involves the critical process of assessing the performance, accuracy, reliability, and functionality of sensors utilized across diverse applications to ensure they meet predefined requirements and standards. This essential process verifies the quality, reliability, and efficacy of sensors in a broad spectrum of applications, thereby contributing to the safety, efficiency, and dependability of sensor-based technologies.
The primary offerings within the sensor testing market encompass hardware and software. Hardware pertains to the tangible components of a computer system or other electronic equipment that are visible or touchable. Various sensor types include analog sensors and digital sensors, while the technology employed in sensors encompasses non-destructive testing, destructive testing, automated testing, and manual testing. These sensor testing solutions find application across various sectors, including consumer electronics, aerospace, industrial, automotive, healthcare, and other domains.
The sensor testing market research report is one of a series of new reports from The Business Research Company that provides sensor testing market statistics, including the sensor testing industry global market size, regional shares, competitors with a sensor testing market share, detailed sensor testing market segments, market trends and opportunities, and any further data you may need to thrive in the sensor testing industry. This sensor testing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The sensor testing market size has grown strongly in recent years. It will grow from $1.74 billion in 2024 to $1.87 billion in 2025 at a compound annual growth rate (CAGR) of 7.6%. 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 $2.48 billion in 2029 at a compound annual growth rate (CAGR) of 7.3%. 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 increasing adoption of consumer electronics is expected to drive the growth of the sensor testing market in the future. Consumer electronics refers to devices designed for everyday use by individuals, typically for communication, entertainment, business, or convenience. This rise in adoption is fueled by technological advancements, affordability, demand for connectivity, evolving consumer preferences, innovations in product categories, and the growth of e-commerce. Sensor testing is critical in ensuring the quality, reliability, and functionality of sensors used in consumer electronics. For example, in May 2023, the Japan Electronics and Information Technology Industries Association, a trade association based in Japan, reported that the total production of electronic equipment in Japan reached ¥771.45 billion ($5.31 billion). Additionally, consumer electronics production amounted to ¥32.09 billion ($0.221 billion) in May 2023, up from ¥25.27 billion ($0.174 billion) in May 2022. As a result, the increasing adoption of consumer electronics is driving the growth of the sensor testing market.
Leading companies in the sensor testing market are concentrating on the development of innovative products, such as the Druck hydrogen pressure sensor, to maintain their competitive edge. Druck hydrogen pressure sensors are specialized sensors engineered to measure and monitor the pressure of hydrogen gas across various applications. For instance, in September 2023, Baker Hughes, a US-based energy technology company, introduced Druck hydrogen pressure sensor technology, offering advanced levels of durability, accuracy, and reliability for diverse hydrogen applications. These sensors find application in hydrogen refueling stations, gas turbines, and electrolysis-based hydrogen production. They feature high-performance barrier coating technology, ensuring a minimum lifespan of five years under various operating conditions, making them competitive in the market.
In June 2023, Previan, a Canada-based provider of advanced diagnostic tools, acquired Sensor Networks to expand its portfolio of high-performance non-destructive testing (NDT) technologies. This strategic acquisition enables Previan to offer a wider range of NDT solutions, including conventional and phased array ultrasonics probes, UT corrosion monitoring systems, and remote visual inspection instruments, enhancing its capabilities in monitoring safety-critical components with improved productivity. Sensor Networks, a US-based company specializing in non-destructive testing equipment, caters to industries such as energy, aerospace, petrochemicals, and power generation, providing solutions for industrial applications.
Major companies operating in the sensor testing market report are Broadcom Inc.; Texas Instruments Incorporated; Infineon Technologies AG; STMicroelectronics NV; TE Connectivity; NXP Semiconductors Inc.; Analog Devices Inc.; Renesas Electronics Corporation; Microchip Technology Inc.; ON Semiconductor Corporation; Bureau Veritas; Keysight Technologies; Teradyne Inc.; Advantest Corporation; Intertek Group plc; Rohde & Schwarz GmbH & Co. KG; Maxim Integrated; TUV Rheinland; Cypress Semiconductor Corporation; Element Materials Technology; National Instruments Corporation; Tektronix Inc.; Anritsu Corporation; Underwriters Laboratories
Asia-Pacific was the largest region in the sensor testing market in 2024. The regions covered in the sensor testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the sensor testing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The sensor testing market consist revenues earned by entities by providing services such as sensor calibration services, sensor performance testing, sensor reliability assessment, and environmental sensor testing. The market value includes the value of related goods sold by the service provider or included within the service offering. The sensor testing market also includes of sales of Multimeter, Oscilloscope, Signal Generator, and test kits for sensor evaluation. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Sensor Testing Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on sensor testing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for sensor testing ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The sensor testing market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.