Asia Pacific Non-Optical Sensors And Actuators Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Sensors, Pressure, Fingerprint, Magnetometer, Inertial, Actuators, Others), By End-User Industries (Communication, Consumer Electronics, Automotive, Manufacturing, Health Care, Energy And Powe), And By Country - Forecasts From 2022 To 2027

The Asia Pacific non-optical sensors and actuators market is projected to grow at a CAGR of 8.14%.

Sensors and actuators are devices developed from semiconductors that can convert physical stimuli into electronic signals and vice versa. Sensors are electronic devices that convert physical stimuli like temperature, pressure, humidity, and force into electric signals. Sensors are components that are widely used in the electronic sector. Sensors convert physical stimuli into electric signals that are in readable form for an electronic device. Actuators are components employed for converting electric signals into the form of physical parameters. The increasing penetration of electronics into various sectors is increasing the demand for non-optical sensors and actuators in the market. The developments and advancements taking place in the electronic field are boosting the market value of sensors and actuators.  Asia Pacific is one of the fastest-growing regions in the market for sensors and actuators. Large-scale companies and industries moving forward in the electronic field are giving potential to the growth of sensors and actuators in the market. Leading technologies and the growth of Japan, China, and India-based companies are providing support to the growth and development of the electronic market, creating an increased need and demand for non-optical sensors and actuators.

The outbreak of the COVID–19 pandemic has had adverse impacts on the market for sensors and actuators. The stoppage of production and manufacturing processes resulted in the declination of market value for sensors and actuators. The isolation and lockdown actions put forward by governments have tampered with the market and production sector of electronic devices. Research and development projects taking place in the electronic field are also stopped due to the lockdown sections. The  Asia Pacific region is considered the origin of the COVID-19 pandemic, which resulted in the total decline of the electronic market in Asia Pacific countries. The blockage that occurred in the supply chain sector of the electronic industry resulted in the decline of the import and export rate of electronic devices, leading to the downfall of the non-optical sensors and actuators market.

The increasing penetration of electronic devices

According to MIIT (Ministry of Industries and Information Technology) of China,  the electronic export rate of China has shown drastic growth in the last 20  years. The increasing penetration of electronics into various industries is widely seen in the market. The introduction of artificial intelligence and automation systems has increased the applications of electronic devices in various sectors. The penetration of electronics in the automobile sector is a major change or development witnessed by the automobile sector. Automobiles with AI (Artificial Intelligence) technology and sensing systems are seeing more sales in the market. The use of sensors and sensing systems in automobiles increased the market's need for non-optical sensors and actuators.

The Introduction of giant companies into the electronic field

The introduction of new companies and industrial giants in the Asia Pacific region is expected to increase the demand for sensors and actuators in the forecasting period. The State Environmental and Protection Administration (SEPA) of China account for the participation of China in introducing production sectors that are eco-friendly. The eco-friendly industrial activities introduced by China account for the technology and developments achieved by China in the technological and industrial sectors. The support offered by the government to electronic companies and new electronic start-ups in India is potentially increasing the demand for sensors and actuators in India. The new start-ups and new electronic policies introduced by governments in developing and developed countries in the Asia Pacific region are boosting the value and demand for non-optical sensors and actuators in the market.

Segmentation

• By Type
  • Sensors
  • Pressure
  • Finger Print
  • Magnetometer
  • Inertial
  • Actuators
  • Others
• By End-User Industries
  • Communication
  • Consumer Electronics
  • Automotive
  • Manufacturing
  • Health care
  • Energy and Power
• By Country
  • Asia Pacific
    • India
    • China
    • Japan
    • Others