Market Overview:
The global solid state sensor market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for miniaturized and lightweight sensors across different applications, such as automotive, aerospace and defense, healthcare, industrial and others. In addition, the growing trend of Internet of Things (IoT) is also contributing to the growth of this market. Solid state sensors are increasingly being used in various applications owing to their advantages such as high accuracy, low power consumption and small size. Phased array type dominates the global solid state sensor market with a share of more than 60%. However, MEMS type is expected to grow at a higher CAGR during the forecast period due its advantages over phased array type. Geographically, North America dominates the global solid state sensor market followed by Europe and Asia Pacific region respectively.
Product Definition:
A solid-state sensor is a device that measures a physical quantity and converts it into an electrical signal.Solid state sensors are made of semiconductor materials, such as silicon, germanium, or gallium arsenide. They are used in many applications, including automobiles, aerospace systems, biomedical devices, and consumer electronics.
The importance of solid state sensors is that they can be miniaturized to very small sizes and they consume very little power. This makes them ideal for use in portable devices like cell phones and laptops.
Phased Array:
Phased array is a method of increasing the sensitivity of an antenna by creating multiple copies of the signal which are then phased to line up in sequence. The technique is used for improving sensitivity and range in wireless systems. Wireless sensor networks have been witnessing significant growth over the past few years owing to their use in monitoring processes, production control, and asset tracking applications among others.
Microelectromechanical Systems (MEMS):
It has no moving parts, which makes it more reliable than other technologies. MEMS sensors are used in various applications such as consumer electronics, automotive & transportation, healthcare & life sciences, military & defense along with other sectors. The growth of these end-use industries is expected to drive the global market over the forecast period.
Application Insights:
The automotive application segment accounted for the largest revenue share in 2016 and is projected to continue leading over the forecast period. The growth of this segment can be attributed to increasing demand for advanced safety features, such as airbags, antiskid brake/traction control, rollover detection and stability control. Solid-state sensors provide accurate solutions at low costs that are required in numerous automotive applications including electronic stability controls, anti-lock brakes (ABS), traction control systems and engine immobilizers among others.
The aerospace & defense application segment is expected to expand at a CAGR of XX% from 2017 to 2030 owing to growing adoption of solid-state sensors in critical applications such as flight controls and guidance systems among others. In addition, factors such as government initiatives encouraging innovation coupled with technological advancements are anticipated to boost industry growth over the coming years.
Regional Analysis:
The Asia Pacific region is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing industrialization and rapid urbanization in this region. Increasing disposable income, coupled with growing consumer awareness regarding health and fitness, has resulted in increased demand for wearable devices such as smartwatches, which will further propel the industry growth over the next eight years.
Europe accounted for a significant share of global revenue owing to early adoption of these sensors by key automotive manufacturers such as Audi AG; BMW Group; Mercedes-Benz AG; Porsche Automobility GmbH & Co., Ltd.; Volkswagen Group (Italy); Volvo Car Corporation; Jaguar Land Rover Limited and Ferrari S.p.A., among others.
Growth Factors:
- Increasing demand for miniaturization in consumer electronics
- Rising demand from automotive industry for advanced safety features
- Growing popularity of Internet of Things (IoT) and connected devices
- Proliferation of artificial intelligence and machine learning applications
- Emergence of autonomous vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Solid State Sensor Market Research Report
By Type
Phased Array, Microelectromechanical Systems (MEMS)
By Application
Automotive, Aerospace and Defense, Healthcare, Industrial, Others
By Companies
Ibeo Automotive Systems GmbH, LeddarTech Inc., Phantom Intelligence, ABAX AS, Analog Microelectronics, ADZ NAGANO, Siemens, General Electric, TT Electronics, Ifm electronic, Ibeo Automotive Systems GmbH, JUMO, Melexis, Acuity Incorporated, Kita Sensor
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
224
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Solid State Sensor Market Report Segments:
The global Solid State Sensor market is segmented on the basis of:
Types
Phased Array, Microelectromechanical Systems (MEMS)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Aerospace and Defense, Healthcare, Industrial, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ibeo Automotive Systems GmbH
- LeddarTech Inc.
- Phantom Intelligence
- ABAX AS
- Analog Microelectronics
- ADZ NAGANO
- Siemens
- General Electric
- TT Electronics
- Ifm electronic
- Ibeo Automotive Systems GmbH
- JUMO
- Melexis
- Acuity Incorporated
- Kita Sensor
Highlights of The Solid State Sensor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Phased Array
- Microelectromechanical Systems (MEMS)
- By Application:
- Automotive
- Aerospace and Defense
- Healthcare
- Industrial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Solid State Sensor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A solid state sensor is a type of electronic sensor that uses semiconductor materials to detect physical or chemical stimuli. These sensors are often smaller and more efficient than traditional sensors, making them ideal for applications where size and weight are important factors.
Some of the key players operating in the solid state sensor market are Ibeo Automotive Systems GmbH, LeddarTech Inc., Phantom Intelligence, ABAX AS, Analog Microelectronics, ADZ NAGANO, Siemens, General Electric, TT Electronics, Ifm electronic, Ibeo Automotive Systems GmbH, JUMO, Melexis, Acuity Incorporated, Kita Sensor.
The solid state sensor market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Solid State Sensor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Solid State Sensor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Solid State Sensor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Solid State Sensor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Solid State Sensor Market Size & Forecast, 2018-2028
4.5.1 Solid State Sensor Market Size and Y-o-Y Growth
4.5.2 Solid State Sensor Market Absolute $ Opportunity
Chapter 5 Global Solid State Sensor Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Solid State Sensor Market Size Forecast by Type
5.2.1 Phased Array
5.2.2 Microelectromechanical Systems (MEMS)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Solid State Sensor Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Solid State Sensor Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Aerospace and Defense
6.2.3 Healthcare
6.2.4 Industrial
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Solid State Sensor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Solid State Sensor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Solid State Sensor Analysis and Forecast
9.1 Introduction
9.2 North America Solid State Sensor Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Solid State Sensor Market Size Forecast by Type
9.6.1 Phased Array
9.6.2 Microelectromechanical Systems (MEMS)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Solid State Sensor Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Aerospace and Defense
9.10.3 Healthcare
9.10.4 Industrial
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Solid State Sensor Analysis and Forecast
10.1 Introduction
10.2 Europe Solid State Sensor Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Solid State Sensor Market Size Forecast by Type
10.6.1 Phased Array
10.6.2 Microelectromechanical Systems (MEMS)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Solid State Sensor Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Aerospace and Defense
10.10.3 Healthcare
10.10.4 Industrial
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Solid State Sensor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Solid State Sensor Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Solid State Sensor Market Size Forecast by Type
11.6.1 Phased Array
11.6.2 Microelectromechanical Systems (MEMS)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Solid State Sensor Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Aerospace and Defense
11.10.3 Healthcare
11.10.4 Industrial
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Solid State Sensor Analysis and Forecast
12.1 Introduction
12.2 Latin America Solid State Sensor Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Solid State Sensor Market Size Forecast by Type
12.6.1 Phased Array
12.6.2 Microelectromechanical Systems (MEMS)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Solid State Sensor Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Aerospace and Defense
12.10.3 Healthcare
12.10.4 Industrial
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Solid State Sensor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Solid State Sensor Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Solid State Sensor Market Size Forecast by Type
13.6.1 Phased Array
13.6.2 Microelectromechanical Systems (MEMS)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Solid State Sensor Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Aerospace and Defense
13.10.3 Healthcare
13.10.4 Industrial
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Solid State Sensor Market: Competitive Dashboard
14.2 Global Solid State Sensor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ibeo Automotive Systems GmbH
14.3.2 LeddarTech Inc.
14.3.3 Phantom Intelligence
14.3.4 ABAX AS
14.3.5 Analog Microelectronics
14.3.6 ADZ NAGANO
14.3.7 Siemens
14.3.8 General Electric
14.3.9 TT Electronics
14.3.10 Ifm electronic
14.3.11 Ibeo Automotive Systems GmbH
14.3.12 JUMO
14.3.13 Melexis
14.3.14 Acuity Incorporated
14.3.15 Kita Sensor
