Sensor Testing Market 2023 Driving Factors Forecast Research 2029

Sensor testing market is anticipated to grow at a CAGR of 5.8% during the forecast period (2023-2030). Sensors are used in a variety of applications, including automotive, consumer electronics, aerospace, healthcare, and industrial. The demand for sensors in these industries continues to grow, which contributes to the demand for sensor testing. The market players are focusing on introducing new sensors with new applications to stay competitive in the market. For instance, in November 2022, Mitsubishi Electric Corp announced that its new KD-CXF series of contact image sensors (CISs) equipped with the industry's deepest depth of field was launched. CISs are widely used in manufacturing to inspect product surfaces for scratches, dirt, miscoloring, or mispositioning of printed labels, plastic film, and others.

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The global sensor testing market is segmented on the offering, type, and application. Based on the offering, the market is sub-segmented into hardware (oscilloscope, multimeter, spectrum analyzer, and signal generator) and software. Based on type, the market is sub-segmented into analog and digital. Based on the application, the market is sub-segmented into automotive, healthcare, industrial, aerospace, and consumer electronics. Among the applications, the healthcare sub-segment is anticipated to grow significantly, owing to strict regulatory standards related to medical device's performance and reliability to prevent failures. Hence, companies are focusing on developing and testing sensors for better results. For instance, in October 2023, Discovery Park invested in Calibration House sensor testing. Utilizing Calibrationhouse's mobile expertise, the park, which recently opened a new lab complex for start-ups and small businesses, has completed annual in-service performance checks on more than 120 sensors spread across its estate of 20 laboratories, in under 48 hours. Calibrationhouse's work at Discovery Park has contributed towards ensuring onsite facilities are fit-for-purpose, helping to minimize laboratory downtime and any disruption to operations necessitated by routine test requirements.

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• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Global Sensor Testing Market by Offering
o Hardware
o Oscilloscope
o Multimeter
o Spectrum Analyzer
o Signal Generator
o Software

Global Sensor Testing Market by Type
o Analog
o Digital

Global Sensor Testing Market by Application
o Automotive
o Consumer Electronics
o Healthcare
o Industrial
o Aerospace

Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World

Company Profiles
o B&K Precision Corp.
o Digilent (an NI company)
o H&B Sensors
o Liquid Instruments, Inc.
o National Instruments Corp.
o Olimex Ltd.
o Pico Technology Ltd.
o Robert Bosch GmbH
o Rohde & Schwarz GmbH & Co.
o Seeed Technology Co. Ltd.
o SGS SA
o TE Connectivity Ltd.
o Tektronix, Inc.
o TÜV Rheinland
o TÜV SÜD

The Report Covers
• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global sensor testing market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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