Self-Powered Sensors Market

Self-Powered Sensors Market Outlook (2022-2032)

The valuation of the global self-powered sensors market has reached US$ 560.3 million in 2022 and is forecasted to increase at a high-value CAGR of 14.6% to reach US$ 2.19 billion by the end of 2032.

Sales of self-powered sensors accounted for close to 10% share of the global wireless sensors market in 2021

Report Attributes	Details
Self-Powered Sensors Market Size (2021A)	US$ 497.9 Million
Estimated Market Value (2022E)	US$ 560.3 Million
Forecasted Market Value (2032F)	US$ 2.19 Billion
Global Market Growth Rate (2022-2032)	14.6% CAGR
North America Market Share (2021)	~21.5%
East Asia Market Growth Rate (2022-2032)	~15.1% CAGR
United States Market Growth Rate (2022-2032)	~13.9% CAGR
Market Share of Top 5 Companies	~24.3%
Key Companies Profiled	8power Aeinnova Ambetronics Engineers Private Limited Bigbelly Solar LLC Clarity Movement Co Edyza Sensors EnOcean

Sales Analysis of Self-Powered Sensors (2017-2021) Vs. Market Estimations (2022-2032)

Wireless technology has been in the development phase and has witnessed significant growth across all end-use applications. Manufacturers of self-powered sensors have channelized their focus on energy harvesting as it offers potential revenue generation opportunities.

Manufacturing companies will continue to see a rise in self-powered sensors due to increased automation in end-use industries. Sensors are a crucial part and the backbone of any IoT system. There is the chance to realize the potential for greater productivity, transparency, and efficiency with the integration of self-powered sensors.

• Short Term (2022 Q2 to 2025): Integration and utilization of consumer electronics in different end-use industries will positively impact self-powered sensors market expansion.
• Medium Term (2025-2028): East Asia and North America will exhibit high demand for self-powered sensors due to rising demand for energy sources.
• Long Term (2028-2032): Upgrading high-end technology in the automation of smart devices and mounting demand for advanced technology will propel the usage of self-powered sensors.

Over the past four years, the global self-powered sensors market registered a CAGR of 11.1%, and according to Fact.MR, which is a market research and competitive intelligence provider, sales of self-powered sensors are forecasted to exhibit higher growth at 14.6% CAGR over the decade.

Market share analysis of self-powered sensors based on power source and region. Under power source, vibrations (piezoelectric energy harvesting) currently dominate with 42.1% market share.

Why is the Importance of Self-Powered Sensors Rising at a Fast Pace?

“Need to Reduce Sensor Size Will Drive Usage of Self-Powered Sensors in IoT Applications”

Different types of sensors, including temperature sensors, level, pressure sensors, and image sensors, have experienced a significant size reduction as a result of technological advancements over the past ten years. As a result, sensors are being utilized more widely across industries, including automotive, healthcare, consumer electronics, and many more. This has significantly contributed to the expansion of the market for all battery-free sensors.

Small form factor sensors have been quickly incorporated into gadgets such as smartphones, drones, wearables, and robots over the past few years. The usage of sensing technologies in IoT applications has expanded owing to the development of low-cost, highly dependable sensors.

At present, sensors are utilized in practically all applications across several end-use industries. Based on these factors, the market for self-powered sensors is expected to showcase 3.9X growth over the forecast period of 2022 to 2032.

“Data Security Concerns & Advancements in Self-powered Sensors”

Despite the enormous potential of IoT, there are worries about data privacy and security related to IoT devices. Every aspect of IoT is data-driven. Sensors and IoT-enabled devices produce enormous amounts of data every second. Different kinds of sensors are used by businesses and organizations to monitor this data and make decisions based on it. It is vital to ensure the authenticity of data as well as the security, resilience, and dependability of devices that gather data since real-time business operations increasingly rely on machine-generated data.

IoT creates additional decentralized entry opportunities for malware since it connects various gadgets. Cyber attackers may use IoT infrastructure as an access point and harm other networked devices if they are not adequately secured. Unless market players come up with robust solutions with respect to cybersecurity, the market will not grow as per its full potential.

“Increasing Use of Wearable Devices to Aid Market Progress”

With an increase in the standard of living, smart wearable device penetration will further increase in society. Self-powered sensor usage in wearable devices will only drive the overall wearable devices industry but also make these products more cost-effective.

In wearable devices, self-powered sensors provide energy supply for portable and wearable products. Consumers use wearable devices because they can save time from travelling for a check-up or they can monitor health at home with ease. A wearable device is also used as a tracking device.

An upsurge in the number of service and manufacturing companies has completely changed the wearable device sector in the last few years. Increasing use of wearable devices is directly supporting the market growth of self-powered sensors.

Thereby, demand for self-powered sensors to be used in wearable devices is set to create an absolute dollar opportunity of US$ 260.2 million during the forecast period.

Country-wise Insights

What Makes the U.S. an Attractive Market for Self-Powered Sensor Producers?

The United States self-powered sensors market is currently valued at US$ 107.6 million and is expected to reach US$ 397.3 million by 2032. The country possesses one of the world's largest smart device manufacturing industries, including the wearable device manufacturing industry.

Moreover, rapid development of the country’s automotive & transportation sectors presents significant opportunities for market participants. Due to the increasing demand for healthcare devices, these allied end-use industries are likely to create a lot of opportunities for self-powered sensor manufacturers in the near future.

Because of developments in safety standards and technologies, and government regulations in this direction, the United States will hold significant potential for self-powered sensor sales over the coming years, and is expected to grow 3.7X by 2032.

Why is China Leading the East Asia Market for Self-Powered Sensors?

China holds a commanding position and accounted for 67% of East Asia’s self-powered sensor production in 2021.

China has increased its focus on know-how in knowledge-intensive manufacturing and developing the capacity of semiconductors. East Asia is expected to exhibit high growth of the self-powered sensors market as it has the most portable device users in the world, which are mostly based in China. R&D of energy harvesting systems for self-powered sensors is currently increasing in China to support the major build-up of new power plants in the country.

Demand is primarily driven by established traditional industries and wireless sensor industries in the country. The China market for self-powered sensors is valued at US$ 86.1 million in 2022.

Category-wise Insights

How Will the Automotive Sector Create High Revenue Streams for Self-Powered Sensor Manufacturers?

During the projected period, the automotive sector is anticipated to account for the largest market share for battery-free sensors. Automobile manufacturers all over the world are putting a lot of effort into automating and modernizing their manufacturing lines as well as end products. This is because of benefits such as improving the performance and efficiency of assets and equipment at lower maintenance costs.

Self-powered sensors are being used at a substantial rate by the auto industry. These sensors assist vehicle assembly activities effectively and enable predictive maintenance. Consequently, it is anticipated that over the course of the projected period, the automotive industry will hold the greatest market share.

Integration of technology in self-powered sensors has witnessed significant growth at 14.6% CAGR and has reached a market valuation of US$ 560.3 million in 2022.

Why is the Vibration Power Source Widely Used in Sensors?

A power source is used to gain or absorb power in self-powered sensors. There are three types of power sources that are used. A temperature gradient (thermoelectric energy harvesting) is a unique power source used to gain power in self-powered sensors. This power source can absorb power only within certain temperature limits.

The shortcoming of radio waves (RF energy harvesting) is that they may interfere with the already existing frequency in the environment and get modulated, which can disrupt communication.

These two types of power sources have many limitations. The vibration power source (piezoelectric energy harvesting) has certain limits that can stop the device from gaining power. It is very easy to gain power in self-powered sensors by using the vibration power source. As such, the vibration power source is widely used in self-powered sensors. These self-powered sensors have increased in prominence in recent years, reaching a market valuation of US$ 207 million at the end of 2021.

Competitive Landscape

Prominent self-powered sensor manufacturers are 8power, Aeinnova, Ambetronics Engineers Private Limited, Bigbelly Solar LLC, Clarity Movement Co., Edyza Sensors, EnOcean, Everactive, Fludia, Intertraffic, Kando, Lightricity Ltd, MesoScribe Technologies, ONIO AS, Parker Hannifin Corp, Rentricity, Sensor-Works, and Wiliot.

Global manufacturers of self-powered sensors are trying to adopt newer technologies to stay on the top of the competition. Key manufacturers are focusing on inventing new solutions for vehicles with wireless charging, enhancement of safety & comfort, and creativity in their products.

Strategic alliances, product launches, partnership agreements, capacity expansion, and other related strategies are being resorted to by industry participants.

• In January 2022, ROHM Co Ltd announced the development of an automotive wireless charging solution integrated with NFC communication. It comes with key features such as Foreign Object Detection (FOD), which will help detect metallic objects and NFC will enable infotainment operations via device authentication.

Fact.MR has provided detailed information about the price points of key manufacturers of self-powered sensors positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Self-Powered Sensors Market Research

• By Sensor Type :

  • Temperature Sensors
  • Humidity / Moisture Sensors
  • Pressure Sensors
  • Motion & Position Sensors
  • Light Sensors
  • Others

• By Power Source :

  • Vibrations (Piezoelectric Energy Harvesting)
  • Temperature Gradients (Thermoelectric Energy Harvesting)
  • Radio Waves (RF Energy Harvesting)

• By End Use :

  • Aerospace & Defense
  • Agriculture
  • Automotive & Transportation
  • Building Automation
  • Healthcare Devices
  • Industrial Automation
  • Retail & e-Commerce
  • Wearable Devices
  • Others

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA