The Signal Conditioning Modules Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Signal Conditioning Modules Global Market Report 2024, The signal conditioning modules market size has grown strongly in recent years. It will grow from $1.23 billion in 2023 to $1.3 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to analog signal processing needs, growth of industrial automation, increasing complexity in sensor technologies, expansion of the telecommunications industry, development of signal conditioning standards.
The signal conditioning modules market size is expected to see strong growth in the next few years. It will grow to $1.63 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to adoption of industry 4.0 in manufacturing, increasing demand for accurate data acquisition, expansion of the smart grid infrastructure, integration of signal conditioning in edge computing. Major trends in the forecast period include industrial automation, adoption of wireless signal transmission technologies, integration of machine learning in signal processing, development of low-power signal conditioning modules, growth of signal conditioning solutions for harsh environments, integration with iot and industry 4.0.
The increasing penetration of automation in the industrial sector is expected to propel the growth of the signal conditioning module market going forward. Industrial automation refers to using technology such as computer software, robots, and control systems to operate machines and processes in various sectors. Signal conditioning modules play a vital role in industrial automation by ensuring that sensor signals are precisely measured and compatible with the automation system, as these modules are intended to tackle issues such as noise, signal aberration, and varying signal levels standard in industrial environments. For instance, in May 2023, according to the report published by the International Federation of Robotics, a Germany-based non-profit organization for the robotics industry, total industrial robot installations in North America increased by 12% to 41,624 units in 2022. Further, automotive sector businesses in the United States, Canada, and Mexico installed 20,391 industrial robots in 2022, a 30% increase from 2021. Therefore, the increasing penetration of automation in the industrial sector will drive the signal conditioning module market.
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The signal conditioning modules market covered in this report is segmented –
1) By Type: Temperature Input, Process Input, Frequency Input, LVDT (Linear Variable Differential Transformer) Or RVDT (Rotary Variable Differential Transformer)
2) By Factor: Din-Rail Or Rack-Mounted Modules, Standalone Or Modular Modules
3) By Application: Data Acquisition, Process Control, Other Applications
4) By End-User: Oil And Gas, Energy And Power, Chemical Processing, Food And Beverage, Metal And Mining, Water And Wastewater, Aerospace And Defense
Product innovations are a key trend gaining popularity in the signal conditioning module market. Major companies operating in the signal conditioning module market are developing new products to sustain their position in the market. For instance, in January 2023, Mercury Systems Inc., a US-based company that manufactures chips and electronics systems for the aerospace and defense industries, announced the release of a new commercially available open-architecture board that provides the latest commercial signal processing technology for aerospace and defense applications, resulting in higher performance from a smaller form factor. The Direct Radio Frequency (RF) Processing Module is the first standard product explicitly designed for the aerospace and defense industries, leveraging Intel’s new Stratix 10 AX SoC field programmable gate array (FPGA), which adds a critical ability to the Mercury Processing Platform by facilitating the direct digitization and analysis of broadband radio frequency (RF) signals.
The signal conditioning modules market report table of contents includes:
1. Executive Summary
2. Signal Conditioning Modules Market Characteristics
3.Signal Conditioning Modules Market Trends And Strategies
4. Signal Conditioning Modules market analysis
5.Signal Conditioning Modules Market Size And Growth
6.Signal Conditioning Modules Segmentation
7.Signal Conditioning Modules Regional And Country Analysis
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27.Signal Conditioning Modules Competitive Landscape And Company Profiles
28. Signal Conditioning Modules Key Mergers And Acquisitions
29.Signal Conditioning Modules Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Siemens AG
- Schneider Electric SE
- Honeywell International Inc.
- ABB Ltd.
- Moore Industries-International Inc.
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