Global Virtual Sensors Market to Reach $8.2 Billion by 2030
The global market for Virtual Sensors estimated at US$1.2 Billion in the year 2022, is projected to reach a revised size of US$8.2 Billion by 2030, growing at a CAGR of 26.8% over the analysis period 2022-2030. Solutions, one of the segments analyzed in the report, is projected to record 26.3% CAGR and reach US$5.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 27.8% CAGR for the next 8-year period.The U.S. Market is Estimated at $359.1 Million, While China is Forecast to Grow at 25.7% CAGR
The Virtual Sensors market in the U.S. is estimated at US$359.1 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 25.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 22.8% and 21.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 15.2% CAGR.Select Competitors (Total 36 Featured) -
- Algorithmica Technologies
- Andata
- Aspen Technology
- Cisco
- Elliptic Labs
- Exputec
- General Electric
- Honeywell
- Intellidynamics
- LMI Technologies
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISCANADAITALYREST OF EUROPEREST OF WORLDIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Algorithmica Technologies
- Andata
- Aspen Technology
- Cisco
- Elliptic Labs
- Exputec
- General Electric
- Honeywell
- Intellidynamics
- LMI Technologies
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 92 |
Published | May 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 1.2 Billion |
Forecasted Market Value ( USD | $ 8.2 Billion |
Compound Annual Growth Rate | 27.2% |
Regions Covered | Global |