Published Date: 3-Nov-2023
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According to a new report, published by KBV research, The Global Sensor Testing Market size is expected to reach $2.7 billion by 2030, rising at a market growth of 6.2% CAGR during the forecast period.
The Software segment is expected to witness a CAGR of 7% during (2023 - 2030). It provides a structured framework for designing and executing complex testing scenarios, allowing the simulation of various real-world conditions that impractical or risky to replicate physically. Software-driven sensor testing enables exact control over test parameters, data collecting, and analysis, ensuring consistency and repeatability in results.
The Analog Sensor segment dominated the Global Sensor Testing Market, By Sensor Type in 2022; thereby, achieving a market value of $1.7 billion by 2030. Analog sensors are widely used in various industries, including automotive, industrial automation, and healthcare. As the use of analog sensors continues to expand, the demand for sensor testing services will increase proportionally. Companies will need to ensure these analog sensors' accuracy, reliability, and performance, which will drive the need for testing.
The Industrial segment is expected to witness a CAGR of 6.6% during (2023 - 2030). The industrial segment procured a promising growth rate in the sensor testing market in 2022. This involves evaluating essential characteristics such as the sensor's response time, linearity, repeatability, sensitivity, and durability. The sensor's compliance with specified requirements and capability to withstand the demanding operational conditions typical of industrial environments are confirmed through performance testing.
The Asia Pacific region dominated the Global Sensor Testing Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.1 billion by 2030. The Europe region is poised to grow at a CAGR of 5.7% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 5.5% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/sensor-testing-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Sensor Type
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