How big is the South Korea Sensors Market?

The South Korea Sensors Market size is expected to reach USD 3.77 billion in 2024 and grow at a CAGR of 7.36% to reach USD 5.43 billion by 2029. Read More

What is the current South Korea Sensors Market size?

In 2024, the South Korea Sensors Market size is expected to reach USD 3.77 billion. Read More

Who are the key players in South Korea Sensors Market?

STMicroelectronics Inc., Honeywell International Inc., Infineon Technologies AG, Bosch Sensortec GmbH and Vishay Intertechnology Inc. are the major companies operating in the South Korea Sensors Market. Read More

What years does this South Korea Sensors Market cover, and what was the market size in 2023?

In 2023, the South Korea Sensors Market size was estimated at USD 3.49 billion. The report covers the South Korea Sensors Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South Korea Sensors Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

South Korea Sensors Market Size & Share Analysis - Industry Research Report

South Korea Sensors Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The South Korean Sensors Market Report is Segmented by Product Type (Temperature, Pressure, Level, Flow, Proximity, Environmental (Humidity, Gas, and Combos), Chemical, Inertial, Magnetic (Hall Effect Sensors and Other Magnetic Sensors), Position, Current, and Other Types), Mode of Operation (Optical, Electrical Resistance, Biosensor, Piezoresistive, Image, Capacitive, Piezoelectric, Lidar, Radar, and Other Modes of Operation), and End-User Industry (Automotive, Consumer Electronics, Energy, Industrial and Others, Medical and Wellness, Construction, Agriculture and Mining, Aerospace, and Robotics). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

South Korea Sensors Industry Overview

The South Korean sensors market is fragmented, with the presence of major players like STMicroelectronics Inc., Honeywell International Inc., Infineon Technologies AG, Bosch Sensortec GmbH, Vishay Intertechnology Inc., TDK Corporation, and others. The players in the market are adopting strategies such as partnerships, mergers, innovations, investments, and acquisitions to enhance their product offerings and gain a sustainable competitive advantage.

July 2024: Infineon Technologies AG and Swoboda partnered to introduce advanced current sensor modules designed for automotive use. This partnership leverages Infineon's high-quality current sensor ICs and Swoboda's prowess in sensor module development to tap into the burgeoning demand for sensing solutions in hybrid and electric vehicles. The inaugural product, Swoboda CSM510HP2, showcases a compact, fully encapsulated design, boasting a small footprint while maintaining top-notch performance.
February 2024: Goodyear partnered with TDK Corporation, an electronics provider, to trial connected tire sensors, enhancing driver safety. These sensors, powered by TDK's piezoelectric material, can harvest energy and monitor crucial conditions like strain, speed, and impacts. The sensors analyze this data by employing edge AI, deciding when and how frequently to relay it to the car's onboard system or the driver. The system transmits data wirelessly using Bluetooth Low Energy (BLE), with the potential for testing other IoT technologies in the future.