Investment Rating - The report provides a positive investment rating for the strain sensor industry, indicating growth potential and favorable market conditions. Core Insights - The strain sensor market in China is projected to grow significantly, with a market size of 43.27 billion RMB in 2023, expected to reach 56.72 billion RMB in 2024 and 69.99 billion RMB in 2025, reflecting a compound annual growth rate (CAGR) of approximately 30% from 2023 to 2025 [29][28]. - The market share of strain sensors within the smart sensor market is expected to remain stable at 2.5% from 2021 to 2028, indicating a consistent demand for these sensors in various applications [29][28]. Market Size Overview - The strain sensor market size is projected as follows: - 2021: 21.9 billion RMB - 2022: 35.87 billion RMB - 2023: 43.27 billion RMB - 2024E: 56.72 billion RMB - 2025E: 69.99 billion RMB - 2026E: 75.74 billion RMB - 2027E: 82.21 billion RMB - 2028E: 89.45 billion RMB [29]. Automotive Sensor Market - The automotive sensor market, which includes strain sensors, is expected to grow from 432.7 billion RMB in 2023 to 589.92 billion RMB in 2024E, and further to 755.89 billion RMB in 2025E [54]. - The market for magnetic sensors in traditional fuel vehicles is projected to decline from 3.19 billion RMB in 2021 to 1.28 billion RMB by 2028E, indicating a shift towards electric and hybrid vehicles [35][48]. Electric and Hybrid Vehicle Sales - Sales of traditional fuel vehicles in China are expected to decrease from 2,275.4 thousand units in 2021 to 914 thousand units by 2028E, while sales of plug-in hybrid and other new energy vehicles are projected to increase significantly from 60.5 thousand units in 2021 to 737.9 thousand units in 2028E [30][37]. - Pure electric vehicle sales are anticipated to grow from 291.6 thousand units in 2021 to 1,755.5 thousand units by 2028E, reflecting a strong market shift towards electric mobility [40][46]. Sensor Value per Vehicle - The value of magnetic sensors per traditional fuel vehicle is expected to remain constant at 14 RMB from 2021 to 2028E, while the value for plug-in hybrid vehicles is set at 105 RMB throughout the same period [33][38]. - The value of magnetic sensors for pure electric vehicles is also projected to remain stable at 560 RMB from 2021 to 2028E [43][44]. Market Share of Automotive Sensors - The market share of automotive magnetic sensors is expected to stabilize at 10% from 2021 to 2028, indicating a consistent demand for these components in the automotive sector [51][54]. - The downstream automotive application market share for smart sensors is projected to increase from 23% in 2021 to 30% by 2028E, highlighting the growing importance of smart technologies in vehicles [55].
中国应变式传感器行业市场规模测算逻辑模型 头豹词条报告系列
Tou Bao Yan Jiu Yuan·2024-11-14 11:38