What is the development prospect of the smart sensor industry? What are the noteworthy companies in China?

Intelligent sensors have received widespread attention

Sensors since its inception, roughly through the structural, solid-type, intelligent three phases, with the advancement of various types of technology, the first two types of sensors are gradually unable to meet the demand for data acquisition, processing and other processes, the fusion of software algorithms, artificial intelligence technology, intelligent sensors began to Being concerned.

According to the data, the beginning of the 20th century, China began to explore the field of intelligent sensors; the 1980s, universities and colleges have reported intelligent sensors related research results; the early 1990s, several domestic research institutions developed practical intelligent sensors using hybrid integration technology; in 2010, China's Machinery Industry Instrumentation Comprehensive Technical and Economic Research Institute ( ITEI) initially established a standard system architecture for smart sensor systems; since 2013, along with the rise of the Internet of Things and smart manufacturing, smart sensors have received widespread attention.

Policy to promote the development of intelligent sensor industry

Since 2013, China's intelligent sensor industry support policies have been introduced to promote the development of the intelligent sensor industry. 2013, the state four ministries and commissions issued the "accelerated promotion of sensors and intelligent instrumentation industry development plan of action", the focus of which is to make sensors and Intelligent instrumentation to achieve miniaturization, digitization, modularization, networking; in 2017, the Ministry of Industry and Information Technology to develop a "three-year action plan for the smart sensor industry (2017-2019)", proposed the deployment of the design and manufacturing of the key links to make up for the short board, and promote the smart sensors to the medium and high-end upgrading; smart sensors belong to a kind of electronic components, the "Fourteenth Five-Year "The plan proposes to focus on advantageous resources to attack new outbreaks of infectious diseases and biosafety risk prevention and control, medicine and medical equipment, key components and parts and basic materials, oil and gas exploration and development and other areas of key core technologies.

Industry presented in the form of industrial clusters to develop, the main areas of application and advantageous products and other characteristics

Currently, China's smart sensor industry is presented in the form of industrial clusters to develop, the main areas of application focused on consumer electronics, automotive electronics, as well as the advantage of smart sensors are mainly acoustic, inertial, pressure sensors, etc. features

To 2026 the domestic manufacturers market size of nearly 70 billion yuan

According to the "Smart Sensor Industry Map", China's smart sensor market size rose from $10.6 billion in 2015 to $13.7 billion in 2019, in the early stage of industrial development, China's smart sensor market to large multinational enterprises dominated by large multinational enterprises, and the competitiveness of local enterprises is relatively weak and their share is limited, with the output value of local enterprises accounting for only 13%.

In 2019, the total output value of smart sensors of domestic manufacturers accounted for a rapid increase to 27%, the compound annual growth rate of the total output value of domestic manufacturers is 37%, significantly higher than the industry's growth rate, and in the future, with the continuous iteration of technology of domestic manufacturers, further enrichment of product lines, and the continuous enhancement of market awareness, the localization rate of the smart sensors market is expected to be further improved. By the 2019 market size of China's sensor industry and the proportion contributed by domestic manufacturers, the size of the smart sensor industry for domestic manufacturers in 2019 was 25.9 billion yuan. Preliminary estimates indicate that in 2020, the market size of China's smart sensor industry is $14.8 billion.

According to the China Communications Academy's estimation of the market size of China's smart sensor industry, the market size of China's smart sensor industry has a CAGR of about 8.3% from 2016-2019, and estimated on the basis of this growth rate, it is expected that the market size of China's smart sensor industry will reach $23.9 billion in 2026. Meanwhile, the domestic production rate is expected to reach 31% in 2021, and increase to 40% in 2026. By 2026, the size of China's smart sensor industry contributed by domestic manufacturers will be $66.9 billion.

-- The above data refer to China Smart Sensor Industry Market Outlook and Investment Strategy Planning Analysis Report

by Prospect Industry Research Institute.