Europe Sensor Testing Market Size, Share & Industry Trends Analysis Report By Offering (Hardware and Software), By Sensor Type (Analog Sensor and Digital Sensor), By Application, By Country and Growth Forecast, 2023 - 2030
The Europe Sensor Testing Market would witness market growth of 5.7% CAGR during the forecast period (2023-2030).
Sensors are used in various applications, from temperature and pressure sensors in industrial machinery to cameras and touch sensors in smartphones. Sensor testing is crucial in meeting these standards to assure the safety and reliability of products. Advances in sensor technology, including developing new sensor types (e.g., LiDAR for autonomous vehicles) and miniaturization, lead to increased complexity in testing requirements. The Internet of Things (IoT) has led to many sensors embedded in everyday objects and devices. Ensuring the reliability of these sensors is critical for the success of IoT applications.
Companies in the market provide various products and services, including testing equipment, software, and testing laboratories. These services include calibration, performance testing, and failure analysis. The market is expected to grow as sensor technology evolves and finds new applications. Additionally, as industries increasingly rely on sensor data for decision-making, accurate and reliable sensors through thorough testing will remain paramount.
Europe has stringent emissions regulations, and governments are incentivizing the adoption of hybrid and electric vehicles (EVs) to reduce greenhouse gas emissions. Sensors are integral for monitoring and optimizing the performance of hybrid powertrains and EVs, which are becoming increasingly popular in Europe. Europe is actively testing autonomous vehicles on public roads and investing in research and development for self-driving technology. The surging demand for sensors in hybrid and autonomous vehicles in the European region is driven by several factors, reflecting the region's commitment to automotive innovation, sustainability, and safety.
The Germany market dominated the Europe Sensor Testing Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $159 million by 2030. The UK market is exhibiting a CAGR of 4.8% during (2023 - 2030). Additionally, The France market would experience a CAGR of 6.5% during (2023 - 2030).
Based on Offering, the market is segmented into Hardware and Software. Based on Sensor Type, the market is segmented into Analog Sensor and Digital Sensor. Based on Application, the market is segmented into Consumer Electronics, Aerospace, Industrial, Automotive, Healthcare and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Keysight Technologies, Inc., Rohde & Schwarz GmbH & Co. KG, Fortive Corporation, Advantest Corporation, Pepperl + Fuchs Group, Intertek Group PLC, TE Connectivity Ltd., National Instruments Corporation, Omega Engineering Inc. and Teradyne, Inc.
Scope of the Study
Market Segments covered in the Report:
By Offering
- Hardware
- Software
- Analog Sensor
- Digital Sensor
- Consumer Electronics
- Aerospace
- Industrial
- Automotive
- Healthcare
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Keysight Technologies, Inc.
- Rohde & Schwarz GmbH & Co. KG
- Fortive Corporation
- Advantest Corporation
- Pepperl + Fuchs Group
- Intertek Group PLC
- TE Connectivity Ltd.
- National Instruments Corporation
- Omega Engineering Inc.
- Teradyne, Inc.
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Sensor Testing Market, by Offering
- 1.4.2 Europe Sensor Testing Market, by Sensor Type
- 1.4.3 Europe Sensor Testing Market, by Application
- 1.4.4 Europe Sensor Testing Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2022
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 4.4.2 Key Strategic Move: (Mergers & Acquisitions: 2019, Feb – 2023, Jan) Leading Players
- 4.5 Porter Five Forces Analysis
- Chapter 5. Europe Sensor Testing Market, By Offering
- 5.1 Europe Hardware Market, By Country
- 5.2 Europe Software Market, By Country
- Chapter 6. Europe Sensor Testing Market, By Sensor Type
- 6.1 Europe Analog Sensor Market, By Country
- 6.2 Europe Digital Sensor Market, By Country
- Chapter 7. Europe Sensor Testing Market, By Application
- 7.1 Europe Consumer Electronics Market, By Country
- 7.2 Europe Aerospace Market, By Country
- 7.3 Europe Industrial Market, By Country
- 7.4 Europe Automotive Market, By Country
- 7.5 Europe Healthcare Market, By Country
- 7.6 Europe Others Market, By Country
- Chapter 8. Europe Sensor Testing Market, By Country
- 8.1 Germany Sensor Testing Market
- 8.1.1 Germany Sensor Testing Market, By Offering
- 8.1.2 Germany Sensor Testing Market, By Sensor Type
- 8.1.3 Germany Sensor Testing Market, By Application
- 8.2 UK Sensor Testing Market
- 8.2.1 UK Sensor Testing Market, By Offering
- 8.2.2 UK Sensor Testing Market, By Sensor Type
- 8.2.3 UK Sensor Testing Market, By Application
- 8.3 France Sensor Testing Market
- 8.3.1 France Sensor Testing Market, By Offering
- 8.3.2 France Sensor Testing Market, By Sensor Type
- 8.3.3 France Sensor Testing Market, By Application
- 8.4 Russia Sensor Testing Market
- 8.4.1 Russia Sensor Testing Market, By Offering
- 8.4.2 Russia Sensor Testing Market, By Sensor Type
- 8.4.3 Russia Sensor Testing Market, By Application
- 8.5 Spain Sensor Testing Market
- 8.5.1 Spain Sensor Testing Market, By Offering
- 8.5.2 Spain Sensor Testing Market, By Sensor Type
- 8.5.3 Spain Sensor Testing Market, By Application
- 8.6 Italy Sensor Testing Market
- 8.6.1 Italy Sensor Testing Market, By Offering
- 8.6.2 Italy Sensor Testing Market, By Sensor Type
- 8.6.3 Italy Sensor Testing Market, By Application
- 8.7 Rest of Europe Sensor Testing Market
- 8.7.1 Rest of Europe Sensor Testing Market, By Offering
- 8.7.2 Rest of Europe Sensor Testing Market, By Sensor Type
- 8.7.3 Rest of Europe Sensor Testing Market, By Application
- Chapter 9. Company Profiles
- 9.1 Keysight Technologies, Inc.
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expenses
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Partnerships, Collaborations, and Agreements:
- 9.1.6 SWOT Analysis
- 9.2 Rohde & Schwarz GmbH & Co. KG
- 9.2.1 Company Overview
- 9.2.2 SWOT Analysis
- 9.3 Fortive Corporation (Fluke Corporation)
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expense
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Partnerships, Collaborations, and Agreements:
- 9.3.5.2 Product Launches and Product Expansions:
- 9.3.6 SWOT Analysis
- 9.4 Advantest Corporation
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expenses
- 9.4.5 Recent strategies and developments:
- 9.4.5.1 Partnerships, Collaborations, and Agreements:
- 9.4.5.2 Acquisition and Mergers:
- 9.4.6 SWOT Analysis
- 9.5 Pepperl + Fuchs Group
- 9.5.1 Company Overview
- 9.5.2 SWOT Analysis
- 9.6 Intertek Group PLC
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Recent strategies and developments:
- 9.6.4.1 Acquisition and Mergers:
- 9.6.5 SWOT Analysis
- 9.7 TE Connectivity Ltd.
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Research & Development Expense
- 9.7.5 Recent strategies and developments:
- 9.7.5.1 Partnerships, Collaborations, and Agreements:
- 9.7.5.2 Acquisition and Mergers:
- 9.7.6 SWOT Analysis
- 9.8 National Instruments Corporation
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Regional Analysis
- 9.8.4 Research & Development Expense
- 9.8.5 Recent strategies and developments:
- 9.8.5.1 Partnerships, Collaborations, and Agreements:
- 9.8.5.2 Acquisition and Mergers:
- 9.8.6 SWOT Analysis
- 9.9 Omega Engineering, Inc. (Arcline Investment Management)
- 9.9.1 Company Overview
- 9.9.2 Recent strategies and developments:
- 9.9.2.1 Product Launches and Product Expansions:
- 9.9.3 SWOT Analysis
- 9.10. Teradyne, Inc.
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental and Regional Analysis
- 9.10.4 SWOT Analysis
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