1. Sensor: the core components of the control system, the market space is relatively broad

1.1. There are many categories of sensors, and pressure sensors account for a large proportion

KJ4001X1-NA1 Sensor is an important part of automatic detection technology and intelligent control system. Sensors are devices and devices that can convert specific information (physical, chemical, biological) into some usable signal output according to a certain law. The sensor in a broad sense is generally composed of two parts: the signal detection device and the signal processing device, so as to convert the perceived analog signal and display it in the form of an electrical signal. The sensor is generally composed of a sensitive element, a conversion element and a basic circuit. The sensitive element senses the measured state, the conversion element converts the corresponding measured into electrical parameters, and the basic circuit connects the electrical parameters to the circuit and converts them into electricity. The core part of the sensor is the conversion element, which determines the working principle of the sensor.

There are many types of sensors, and the pressure KJ4001X1-NA1 sensor accounts for the largest proportion. Sensors can be divided into physical quantity, chemical quantity and biomass sensor according to the detection object, including mechanical quantity sensor, thermal quantity sensor, optical quantity sensor, temperature sensor, biomass sensor and so on a total of 11 sub-categories. The signal form of the detection object determines the type of sensor selected. In mechanical automation and industrial process control, the commonly seen signal forms include displacement, (plus) speed, torque, force, vibration, temperature, humidity, etc. At present, the proportion of pressure sensors and image sensors in China has steadily increased, accounting for 17.9% and 10.3% respectively in 2021, which is the two sensors with the highest proportion in China.

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1.2 Sensors are widely used downstream, and the market space is broad

Sensor products are widely used downstream, and humanoid robots rely on sensors to a high degree. According to CCID data, the largest downstream area of sensor products in China is automotive electronics, accounting for 24.2%, followed by industrial manufacturing, accounting for 21.1%, ranking three to five downstream industries for network communications, consumer electronics and medical electronics, accounting for 21.0%, 14.7%, 7.2%, respectively. In order to simulate human perception, humanoid robots need to be equipped with a complex sensor system, including internal sensors and external sensors. A robot that fully simulates a human would use a large number of sensors in its body to provide information about vision, hearing, touch, position, and so on.

The global sensor market space is relatively broad. With the advancement of Industry 4.0, industrial Internet of Things and the development of emerging industries such as smart driving and smart wearable devices, the sensor market continues to expand. According to Precedence Research KJ4001X1-NA1 data, the global sensor market size reached 204.80 billion US dollars in 2022, and with the growing demand in industrial automation and other fields, the sensor market will continue to grow in the next decade, and will reach 508.64 billion US dollars in 2032.

The scale of China’s sensor market continues to expand, and the future is expected to continue a high growth rate. With the continuous advancement of industrial transformation and upgrading, the size of China’s sensor market has achieved significant growth in recent years. According to the data of China Business Industry Research Institute, the sensor market size industry has risen from 218.88 billion yuan in 2019 to 309.69 billion yuan in 2022, with a CAGR of 12.26% during the period, which is expected to reach 373.27 billion yuan in 2024. According to Mordor Intelligence data, in the automotive industry, defense industry and other industries to promote the development of the “Made in China 2025” KJ4001X1-NA1 policy goal incentive, China’s sensor market size is expected to achieve rapid growth, 2023-2028 CAGR is expected to reach 9.1%.

China’s high-end sensor market is still dominated by foreign brands, but the localization rate has a significant trend of improvement. In 2020, global leading enterprises such as Emerson, Siemens, Bosch, ST, Honeywell and other multinational companies occupy most of the domestic market share, high-end market sensor chips still rely on overseas enterprises, and domestic head enterprise products are mainly concentrated in the middle and low end, and have not formed mass applications. From the perspective of localization rate, the localization rate of domestic smart sensors increased from 13% in 2016 to 31% in 2020, with a CAGR of 24%, and the localization rate is expected to further increase in the future.