The growth is primarily attributable to the growing developments in space sensors and actuator technology. Sensors and actuators are the components of semiconductors that are designed for the assessment and delivery of changes in the physical environment. Sensors are mainly used to measure and quantify environmental factors such as humidity, heat, pressure, and many more, and work to convert their readings into electrical signals. Whereas actuators help in converting the signals into physical environmental changes, such as rotatory or linear motion, or changes in heat. The sensors and actuators are used in electronics, mining automation, and other manufacturing sectors as well. The increasing application of sensors and actuators in several sectors in South American countries is projected to contribute to the market growth during the forecast period.
Non-optical sensors are used in electronics, consumer electronics, automotives, chemicals, defense, oil, and gas. Non-optical sensors without using light as a medium, measure mechanical stress and its forms. They use a temperature sensor, a magnetic sensor, pressure sensor, and an inertia sensor. The growing demand for micro-electro-mechanical systems is boosting the growth in the non-optical and actuator markets as the demand for miniaturization of electronics has been rising in recent times. Wearable electronics are also expected to grow in the coming years, implying a bright future for non-optical sensors and actuators Additionally, due to government regulations and aftermarket sales, the demand for the non-optical temperature sensor is also expected to grow.
The several types of non-optical sensors are piezo-resistive, resonant solid-state, electromagnetic, and capacitive sensors. These sensors are increasingly being used in various sectors, such as petrochemicals, automotives, consumer electronics, utilities, and industrial sectors. The expansion in the application of piezo technology is also expected to propel the actuator market. For instance, in March 2021, Physik Instrument (PI), the technology leader for piezo technology and high precision positioning applications, announced plans to acquire P.G.W.. the Japan-based company.
The rising developments in microcontrollers, which are used in non-optic sensors and actuators, are leading to improvised performance of ono-optical sensors and actuators. Non-optical sensors and actuators are majorly used in space technologies. The development in this field is a driving factor for the non-optical sensor and actuator market. South American countries are working on research and development in the space sector. For instance, in July 2020, the National Commission for Space Activities, Argentina, announced the launch of a new satellite with advanced technology manufactured by the SAOCOM 1B satellite.
Furthermore, as non-optical sensors and actuators are widely applicable in the defense sector as well, the developments in the manufacturing of defense weapons or equipment are expected to propel the demand for non-optical sensors and actuators in South America. For instance, recently in December 2021, the Brazilian Air Force awarded a contract for multirole medium-altitude long-endurance, aerial vehicles, and the spare parts of these aerial vehicles. This contract has been awarded to AEL Sistemas with a huge investment.
Due to the increase in demand for non-optical sensors and actuators in the automotive industry, defence sector, and research and developments in space technology, the demand for non-optical; sensors and actuators is rising in these countries. Hence, it holds X.X% of the share in the non-optical sensor and actuator market in South America. and is projected to show steady growth and dominate the market share during the forecast period.
Key drivers
Non-optical sensors are used in electronics, consumer electronics, automotives, chemicals, defense, oil, and gas. Non-optical sensors without using light as a medium, measure mechanical stress and its forms. They use a temperature sensor, a magnetic sensor, pressure sensor, and an inertia sensor. The growing demand for micro-electro-mechanical systems is boosting the growth in the non-optical and actuator markets as the demand for miniaturization of electronics has been rising in recent times. Wearable electronics are also expected to grow in the coming years, implying a bright future for non-optical sensors and actuators Additionally, due to government regulations and aftermarket sales, the demand for the non-optical temperature sensor is also expected to grow.
The several types of non-optical sensors are piezo-resistive, resonant solid-state, electromagnetic, and capacitive sensors. These sensors are increasingly being used in various sectors, such as petrochemicals, automotives, consumer electronics, utilities, and industrial sectors. The expansion in the application of piezo technology is also expected to propel the actuator market. For instance, in March 2021, Physik Instrument (PI), the technology leader for piezo technology and high precision positioning applications, announced plans to acquire P.G.W.. the Japan-based company.
Latest developments
The rising developments in microcontrollers, which are used in non-optic sensors and actuators, are leading to improvised performance of ono-optical sensors and actuators. Non-optical sensors and actuators are majorly used in space technologies. The development in this field is a driving factor for the non-optical sensor and actuator market. South American countries are working on research and development in the space sector. For instance, in July 2020, the National Commission for Space Activities, Argentina, announced the launch of a new satellite with advanced technology manufactured by the SAOCOM 1B satellite.
Furthermore, as non-optical sensors and actuators are widely applicable in the defense sector as well, the developments in the manufacturing of defense weapons or equipment are expected to propel the demand for non-optical sensors and actuators in South America. For instance, recently in December 2021, the Brazilian Air Force awarded a contract for multirole medium-altitude long-endurance, aerial vehicles, and the spare parts of these aerial vehicles. This contract has been awarded to AEL Sistemas with a huge investment.
Brazil is estimated to hold a significant share
Due to the increase in demand for non-optical sensors and actuators in the automotive industry, defence sector, and research and developments in space technology, the demand for non-optical; sensors and actuators is rising in these countries. Hence, it holds X.X% of the share in the non-optical sensor and actuator market in South America. and is projected to show steady growth and dominate the market share during the forecast period.
Segmentation
By Type
- Sensors
- Pressure
- Fingerprint
- Magnetometer
- Actuators
By End-user
- Communication
- Consumer Electronics
- Automotive
- Manufacturing
By Country
- Brazil
- Argentina
- Others
Table of Contents
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. South America Non-Optical Sensors and Actuators Market Analysis, by Type
6. South America Non-Optical Sensors and Actuators Market Analysis, by End-User
7. South America Non-Optical Sensors and Actuators Market, by Country
8. Competitive Landscape and Analysis
9. Company Profiles
Companies Mentioned
- Maxim Integrated
- Analog Devices, Inc.
- NXP Semiconductor
- INFINEON Technologies AG
- STMicroelectronics
- Robert Bosch GmbH
- Panasonic Corporation
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 90 |
| Published | May 2022 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD | $ 539.69 million |
| Forecasted Market Value ( USD | $ 802.78 million |
| Compound Annual Growth Rate | 5.8% |
| No. of Companies Mentioned | 7 |
