Industry Overview

Global sensor signal conditioner (SSC) IC market was valued at USD XX Bn in 2020 and is expected to grow at a CAGR of 6.6% during 2021–2030 to reach 1.83 Bn by the year 2030. During the forecast period, the worldwide sensor signal conditioner (SSC) IC market is positioned to gain from increased demand from the automotive sector, increased use of industrial automation and optimal utilization, and expanding usage in special hardware.

Introduction

Sensor signal conditioning is the manipulation of a sensor signal in a way that prepares it for the next stage of processing. SSC ICs offer digital compensation of sensor sensitivity, offset, nonlinearity, and temperature drift, in wide operational temperature ranges

The market is expected to register a significant shift from end-user owing to technological advancement and introduction of low cost highly efficient alternatives

Sensor Signal Conditioner (SSC) IC Market Covid-19 Pandemic Impact & Recovery Analysis

Following the worldwide economic slowdown by the coronavirus pandemic, industrial companies are offering creative solutions to keep ahead of the competition. Companies in the sensor signal conditioner (SSC) IC industry are expanding manufacturing of capacitive and resistive SSCs to ensure company viability. Market participants are investing in the automotive sector to improve value-grab opportunities. Furthermore, market players are concentrating their efforts on the healthcare sector, owing to the growing use of smart sensor technology in respiratory monitors. Manufacturers’ credibility in the sensor signal conditioner (SSC) IC market is boosted by technological improvements in ICs, as well as increased knowledge regarding low-cost SSC devices.

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Sensor Signal Conditioner (SSC) IC Market Dynamics

Rising Specific application demand from the end-user segment

Because of the growing use of sensors in automotive and medical applications, demand for pressure sensors is predicted to surge. Due to the shrinking of electronic instruments, technological advancements have resulted in a reduction in the size and cost of pressure sensors, which is expected to open up new market prospects.

Furthermore, specific application ICs are used in the consumer electronics and healthcare industries for user-friendly interfaces and indoor navigation. Because of new technologies and their applications in electronics and electrical systems, demand for motor drive controllers is expected to increase in the coming years. Various applications, such as elevator control, process automation, robotics, assembly/packaging, and flight control systems, also influence demand for motor drive controllers. SSC ICs are required for digital output on this equipment.

During the forecast period 2021-2030, these factors are expected to boost the worldwide sensor signal conditioner (SSC) IC market.

Growing demand for industrial automation to ensure higher productivity

Honeywell International, Inc. and Tech Mahindra Limited announced cooperation in February 2020 to start developing digital technologies under the motto “Factories for the Future.”

The sensor signal conditioner (SSC) IC market is being fueled by the use of automation for industrial optimization. Across a variety of process sectors, industrial automation lowers operational costs, improves product quality, boosts productivity, and addresses industrial health and safety.

The current trend in manufacturing technology is Industry 4.0, which combines automation and data. Cyber-physical systems, the Internet of Things (IoT), and cloud computing are all included. With the introduction of Industry 4.0, an ecosystem of multiple interlinked smart devices has emerged which is projected to act as a catalyst for the sensor signal conditioner (SSC) IC market over the forecast period.

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Sensor Signal Conditioner (SSC) IC Market Segment Analysis

The Sensor Signal Conditioner (SSC) IC market is segmented by type, by application, by end-use industry, & by region.

Insights by Type

Base on the type the sensor signal conditioner (SSC) IC market is bifurcated into resistive and capacitive. In the year 2020, resistive sensor signal conditioner dominated the market in terms of revenue accounted for its growing demand from end-user industry sectors such as automotive and transportation. Its precise signal transmission capabilities are among the key growth driver for the resistive sensors market demand.

However capacitive sensor segment registered promising CAGR over the forecast period 2021-2031 suggesting its growth potential in the coming years.

Insights by Application

Based on application the sensor signal conditioner (SSC) IC market is segmented into accelerometers, temperature Sensors, motor Drive Controllers, pressure Sensors, Humidity Sensors, strain Gauges, and others (Flow Sensor, pH Sensor, etc.).

In the year 2020, temperature sensors accounted for the largest market share in terms of revenue owing to the demand rise from various industries. Temperature measurement forms an integral part of many industrial operations and precise data ensure higher efficiency which is the key driver for segment growth in the sensor signal conditioner (SS) IC market.

Insights by End-Use Industry

Based on the end-use industry the sensor signal conditioner (SSC) IC market is segmented into consumer electronics, automotive, industrial, and others(oil & gas, energy, and utility, etc.)

The consumer electronics segment has promising growth opportunities over the forecast period owing to market expansion in countries such as China, India, Malaysia, and Singapore in the APAC region and increasing demand for sensor signal conditioners in various consumer electronics applications

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Sensor Signal Conditioner (SSC) IC Market Regional Analysis

In the year 2020, North America accounted for the largest market share in sensor signal conditioner (SSC) IC in terms of revenue. The market growth in the region was attributed to technological advancement in the countries such as U.S. and Canada and the presence of key market players in the region.

However, the Asia Pacific region is expected to hold significant growth opportunities over the forecast period with an increasing number of startups and government initiatives to boost technological development in countries such as China and India

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Competitive Insights

The market is highly competitive in nature with direct & indirect competitors focusing on leveraging growth opportunities to drive business.

Major companies in the sensor signal conditioner market include:

• Analog Devices, Inc.
• iC-Haus GmbH
• Micro Analog Systems Oy
• Renesas Electronics Corporation
• Suzhou NOVOSENSE Microelectronics Co., Ltd.
• Texas Instruments Incorporated
• Melexis
• Allegro Microsystems, Inc. (15+ Companies are profiled in the final report)

Key market players are focusing on mergers, acquisitions, partnerships, and joint ventures to gain a competitive edge in the sensor signal conditioner market.

• March 2021: Micro Analog Systems Oy has released the “MAS6513,” a 24-bit capacitive sensor signal conditioning IC with a delta-sigma based capacitance to digital converter (CDC) and a high-resolution output of 24-bit that is essential for pressure and humidity sensor modules.
• February 2021: Allegro MicroSystems, Inc. has released the A17700 interface IC with signal conditioning techniques, which could also be used for resistive bridge pressure sensors in automotive applications with limited space and high efficiency, such as electric and hybrid automobiles.

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Sensor Signal Conditioner (SSC) IC Market Report Coverage

Global Sensor Signal Conditioner (SSC) IC Market, by Type

• Capacitive
• Resistive

Global Sensor Signal Conditioner (SSC) IC Market, by
Application

• Accelerometers
• Strain Gauges
• Temperature Sensors
• Motor Drive Controllers
• Pressure Sensors
• Humidity Sensors
• Others (pH Sensor, Flow Sensor, etc.)

Global Sensor Signal Conditioner (SSC) IC Market, by
End-use Industry

• Automotive
• Consumer Electronics
• Industrial
• Others (Oil & Gas, Energy and Utility)

Global Sensor Signal Conditioner (SSC) IC Market, by Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • South Korea
  • Japan
  • India
  • China
  • Australia
  • Malaysia
• Middle East & Africa
  • Saudi Arabia
  • United Arab Emirates
  • South Africa
• South America
  • Brazil
  • Argentina