Signal Conditioning Modules Global Market Report 2024

The signal conditioning modules market size has grown strongly in recent years. It will grow from $1.23 billion in 2023 to $1.3 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth observed in the historical period can be attributed to the demand for analog signal processing, the expansion of industrial automation, the growing complexity in sensor technologies, the proliferation of the telecommunications industry, and the establishment of signal conditioning standards.

The signal conditioning modules market size is expected to see strong growth in the next few years. It will grow to $1.63 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The anticipated growth in the forecast period can be attributed to the adoption of Industry 4.0 in manufacturing, a rising demand for accurate data acquisition, the expansion of smart grid infrastructure, and the integration of signal conditioning in edge computing. Key trends expected in the forecast period encompass industrial automation, the adoption of wireless signal transmission technologies, the integration of machine learning in signal processing, the development of low-power signal conditioning modules, the growth of signal conditioning solutions for harsh environments, and the integration with IoT and Industry 4.0.

The anticipated increase in the adoption of automation in the industrial sector is poised to drive the growth of the signal conditioning module market in the foreseeable future. Industrial automation involves the use of technology, including computer software, robots, and control systems, to operate machines and processes across various sectors. Signal conditioning modules play a crucial role in industrial automation by ensuring precise measurement of sensor signals and compatibility with automation systems. These modules address challenges such as noise, signal aberration, and varying signal levels commonly found in industrial environments. For instance, data from the International Federation of Robotics in May 2023 revealed a 12% increase in total industrial robot installations in North America to 41,624 units in 2022. The automotive sector in the United States, Canada, and Mexico installed 20,391 industrial robots in 2022, marking a 30% increase from 2021. Therefore, the growing penetration of automation in the industrial sector is set to drive the signal conditioning module market.

The rapid implementation of 5G networks is expected to propel the growth of the signal conditioning module market in the future. 5G networks, the fifth generation of wireless technology for mobile communication, rely on signal conditioning modules (SCMs) to ensure the quality and integrity of transmitted and received signals across various components. SCMs prepare signals for optimal processing and transmission, ensuring reliable communication and maximizing network performance. For example, according to Telefonaktiebolaget LM Ericsson in May 2023, around 240 5G networks were in deployment globally, with a projected increase of approximately 85% until 2028. Additionally, 5G wireless connections increased by 76% to reach 1.05 billion in 2022, as reported by 5G Americas in April 2023. The number is expected to reach 1.9 billion by the end of 2023 and 5.9 billion by 2027. Therefore, the rapid implementation of 5G networks will drive the growth of the signal conditioning module market.

Product innovations emerge as a key trend gaining traction in the signal conditioning module market, with major companies developing new products to maintain their market positions. For instance, in January 2023, Mercury Systems Inc., a US-based company specializing in chips and electronics systems for aerospace and defense industries, announced the release of a commercially available open-architecture board featuring the latest commercial signal processing technology. The Direct Radio Frequency (RF) Processing Module, designed for aerospace and defense applications, leverages Intel's new Stratix 10 AX SoC field programmable gate array (FPGA) to enable the direct digitization and analysis of broadband RF signals.

Major companies in the signal conditioning module market focus on technological advancements through product launches, such as dual operational amplifiers, to sustain their positions. Dual operational amplifiers refer to integrated circuits (ICs) containing two separate operational amplifiers within a single package. In November 2023, STMicroelectronics, a Switzerland-based multinational corporation, introduced the TSB182 dual op-amp with specific technological advancements, including medium-voltage operation, precision performance attributes, and a compact MiniSO-8 format. These features make it suitable for high-accuracy signal conditioning applications in automotive and industrial settings.

In March 2022, Cobham Advanced Electronic Solutions (CAES), a US-based company providing electronic solutions for signal chains, partnered with Trident Systems Inc. to deliver an integrated portfolio of advanced mission computing and communications solutions for defense applications in space, air, sea, and land. The collaboration combines CAES' expertise in radiation-hardened microelectronics and computing with Trident Systems' history of delivering high-performance processing and communications subsystems in demanding mission conditions. Trident Systems Inc. is a US-based corporation specializing in the design, construction, and development of integrated C4I, radar, and assured collaboration systems.

Major companies operating in the signal conditioning modules market report are Siemens AG, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Moore Industries-International Inc., Texas Instruments Incorporated, TE Connectivity Ltd., Analog Devices Inc., Rockwell Automation Inc., Microchip Technology Inc., Ametek Inc., Phoenix Contact GmbH & Co KG, Yokogawa Electric Corporation, Mouser Electronics Inc., Advantech Co. Ltd., National Instruments Corp., Weidmüller Interface GmbH & Co Kg, WAGO Kontakttechnik GmbH & Co. KG, Pepperl+Fuchs Group, Omega Engineering Inc., Red Lion Controls, Dwyer Instruments Inc., Acromag Inc., Dataforth Corporation, Applied Measurements Ltd., Eltime Controls.

North America was the largest region in the signal conditioning modules market in 2023. Asia-Pacific is expected to be the fastest-growing region in the signal conditioning modules market report during the forecast period. The regions covered in the signal conditioning modules market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the signal conditioning modules market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of signal conditioning modules include temperature input, process input, frequency input, LVDT (linear variable differential transformer), and RVDT (rotary variable differential transformer). Temperature input signals can be conditioned by these modules to amplify, filter, and transform analog signals from temperature sensors. These modules are available in rack-mounted and modular formats, suitable for applications such as data acquisition, process control, and more. They find utility across various industries, including oil and gas, energy and power, chemical processing, food and beverage, metal and mining, water and wastewater, aerospace, and defense.

The signal conditioning module market research report is one of a series of new reports that provides signal conditioning module market statistics, including signal conditioning module industry global market size, regional shares, competitors with a signal conditioning module market share, detailed signal conditioning module market segments, market trends and opportunities, and any further data you may need to thrive in the signal conditioning module industry. This signal conditioning module market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The signal conditioning modules market consists of sales of voltage and high-voltage signal conditioners, current signal conditioners, IEPE signal conditioners (or ICP/piezoelectric signal conditioners), charge signal conditioners, strain gauge signal conditioners, load cell signal conditioners, thermocouple signal conditioners, RTD signal conditioners, thermistor signal conditioners, LVDT signal conditioners, ac signal conditioning, dc signal conditioning, and digital signal conditioners. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.