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. 

Segmental Outlook 

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.

The Automotive Sub-Segment is Anticipated to Hold a Considerable Share of the Global Sensor Testing Market

Among the applications, the automotive sub-segment is expected to hold a considerable share of the global sensor testing market. The automotive industry witnessing a surge in the demand for sensors due to the rising adoption of advanced driver assistance systems (ADAS), autonomous vehicles, and electric vehicles. Hence, companies are working on the development of better sensors and adopting various strategic initiatives such as partnerships, product launches, and acquisitions to stay competitive in the market. For instance, in October 2022, with the new Mobility and Sensor Test Center, AVL opened a unique indoor laboratory for the verification and validation of sensors for driver assistance systems in Roding, Bavaria. In the 1,600 square meter test area, safety-relevant functions can be tested under adverse weather conditions, independent of real outdoor conditions, thus ensuring the safety of vehicles in semi-autonomous operation. Roding, Germany, The AVL Mobility and Sensor Test Center is one of the first industrial test centers for ADAS/AD systems in Bavaria and makes a decisive contribution to the safeguarding and validation of future automated vehicles. To ensure even more safety on the roads in the future, it is crucial to have intelligent sensor technologies and their validation, since they must function safely in all weather conditions.

Regional Outlook

The global sensor testing market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). 

Global Sensor Testing Market Growth, by Region 2023-2030

European Region is Expected to Grow at a Significant CAGR in the Global Sensor Testing Market

Among all regions, the European region is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to ongoing research and development efforts in sensor testing are leading to the development of new and improved testing methods and the proliferation of IoT devices is driving the demand for sensor testing. IoT devices rely on sensors to collect data from the environment. To ensure the accuracy and reliability of the data collected by IoT devices, sensors must be rigorously tested. Hence, the market players are focusing on strategic initiatives such as partnerships, mergers, and product launches to capture the market. For instance, in October 2022, IoT ecosystems and connected devices enabled new service offerings and peripheral services to be bought and unlocked. However, prototyping sensor-based IoT use cases can become a resource-intensive process until smart IoT systems are ready to be deployed. To support hardware and software engineers in the development of IoT devices, Infineon Technologies AG has launched the XENSIV connected sensor kit (CSK), a new IoT sensor platform for rapid prototyping and development of customized IoT solutions.

Market Players Outlook

The major companies serving the Sensor testing market include Fluke Corp., Teradyne, Inc., Pico Technology Ltd., Tektronix, Inc., Keysight Technologies, Inc., National Instruments Corp., Robert Bosch GmbH, Rohde & Schwarz GmbH & Co., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in May 2023, SPEA and GongJin Microelectronics announced that the companies have entered into a strategic partnership that will strengthen the development of their MEMS testing and calibration business in the mainland China territory. The agreement brings together GJM’s leading manufacturing services and quality management capabilities with SPEA's world-class testing technologies and expertise and is expected to accelerate growth for both companies in the fast-growing MEMS field in China. GJM is committed to providing customers with professional assembly and testing services in the fields of sensors and automotive electronic chips. The strategic partnership with SPEA will help us provide customers with higher-quality services

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.