Pressure Sensor Signal Conditioner ICs Gain Prominence in Consumer Applications
Sensor signal conditioner ICs are gaining recognition in industrial and automotive applications. For instance, in June 2029, Integrated Device Technology, Inc. (IDT), a wholly owned subsidiary of leading provider for complete semiconductor solutions Renesas Electronics Corporation, announced to showcase their sensor signal conditioner ICs for challenging applications in industrial and automotive applications at the SENSOR+TEST 2019 in Germany. As such, the automotive end-use industry is predicted to generate the second-highest revenue in the sensor signal conditioner (SSC) ICs market, with an estimated value of ~US$ 1 Bn by the end of 2030.
Companies in the sensor signal conditioner (SSC) ICs market are increasing their production to manufacture capacitive and resistive SSCs for consumer applications. They are capitalizing on value-grab opportunities in the automotive sector to develop SSCs that can perform in high temperature applications. Manufacturers are increasing their focus in pressure sensors that are being increasingly used in exhaust and HVAC (Heating, Ventilation, and Air Conditioning) systems.
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Miniaturized Sensors Reduce Manufacturing Costs of Silicon Systems in IoT Ecosystems
The growing electronic miniaturization trend is rising at a rapid pace in the sensor signal conditioner (SSC) ICs market. The introduction of new Digital-to-Analog (DAC) and Analog-to-Digital Converters (ADC) are fueling the demand for sensor signal conditioner ICs in fully-automated digital design methodologies. For instance, researchers at the National University of Singapore revealed a novel class of DAC and ADC converters within their fully-digital architecture. Such innovations are creating the foundation for uninterrupted sensor signal monitoring even under unfavorable power conditions.
Traditional analog architectures in data convertors are associated with unprecedented signal fidelity, especially when its supply voltage or clock frequency are subject to wide fluctuations. Hence, companies in the sensor signal conditioner (SSC) ICs market are increasing their focus on the new DAC and ADC converters that have led to innovations in miniaturized sensors. This trend of miniaturization has significantly reduced the manufacturing costs for companies in the market landscape. As such, a drastic decline in design efforts for sensors are beneficial for cost-sensitive silicon systems in IoT (Internet of Things) environments.
Flexible Pressure Sensors Boost Credibility of Manufacturers
Companies in the sensor signal conditioner (SSC) ICs market are leveraging their R&D activities to develop pressure sensors that perform in almost all industry applications. For instance, First Sensor— a provider of customer-specific sensor solutions has gained expertise in pressure sensors that can be used virtually in all industry applications such as medical technology, aerospace as well as environmental engineering. This explains why the sensor signal conditioner (SSC) ICs market is anticipated to expand at a CAGR of ~8% during the forecast period.
There is a growing demand for innovative and flexible pressure sensors that meet individual customer-specific solutions. The introduction of novel pressure sensors are bolstering the demand for sensor signal conditioner ICs. High accuracy pressure sensors and pressure transmitters are boosting the credibility of companies in the market of sensor signal conditioner ICs. As such, pressure sensors dictate the highest revenue among all applications in the market landscape.
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Onset of COVID-19 Encourages Manufacturers to Focus on Intelligent Pressure Sensor Signaling
The COVID-19 (coronavirus) pandemic has disrupted supply chains, thus causing a delay for shipments in the sensor signal conditioner (SSC) ICs market. The growing emphasis on maintaining optimum health owing to the life-threatening symptoms of COVID-19 is encouraging manufacturers to tap opportunities in the healthcare sector. Companies in the sensor signal conditioner (SSC) ICs market are increasing focus on intelligent pressure sensor signal conditioning, which is being linked to respiratory indications of individuals.
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Respiratory complications are one of the key symptoms as a result of the coronavirus infection. Thus, ongoing and future R&D activities in respiration monitors can help to boost the credibility of manufacturers in the market landscape. Likewise, global leader of integrated circuits Maxim Integrated Products is innovating in new IC technologies that offer low-cost solutions in respiration monitors. Such innovations are boosting the production output of manufacturers, where the global market is estimated to reach a volume of ~408,700 units by the end of 2030.
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