Signal Conditioning Market - Forecast(2024 - 2030)

Signal Conditioning Market Overview

The global Signal Conditioning Market size is forecast to reach US$ 1.6 billion by 2030, growing at a CAGR of 5.8% from 2024 to 2030. Signal conditioning is the process of manipulation of a signal for the next stage of processing. The sensors require signal conditioning before a data acquisition device can effectively and accurately measure the signal. Signal conditioners provide filtering, amplification, converting, and other processes to make sensor outputs suitable for reading by computer boards. These signal conditioning devices are used for log amplifiers, peak detectors, instrumentation amplifiers, resistance temperature detectors (RTD) and uses current, voltage, temperature, or frequency as inputs. The Signal Conditioning Market is experiencing robust growth driven by advancements in technology and increasing demand for accurate data acquisition across various industries. With the rising adoption of IoT devices, sensors, and automation systems, there's a growing need for efficient signal processing and conditioning solutions. The market's expansion is also fueled by the surge in industrial automation, healthcare applications, and the automotive sector. Signal conditioning components, such as amplifiers, filters, and converters, play a pivotal role in enhancing signal quality and reliability. As industries continue to invest in smart technologies, the Signal Conditioning Market is poised for continuous growth in the foreseeable future. Despite its growth, the Signal Conditioning Market faces challenges, including the increasing complexity of signal processing requirements. The demand for high-performance signal conditioning solutions often necessitates sophisticated and costly technology, creating financial barriers for some businesses. Integration issues with existing systems, compatibility concerns, and a lack of standardization in signal conditioning protocols pose additional restraints.

Report Coverage

The report: “Signal Conditioning Industry Outlook – Forecast (2024-2030)”, by IndustryARC covers an in-depth analysis of the following segments of the Signal Conditioning industry.

By Component: Circuit board, Panel or Chassis mount, Modular Bay or slot system, DIN rail or Rack mount, Stand-alone.

By Type: Temperature signal conditioner (Thermocouple, Thermistor, Resistance Temperature Devices (RTDs), Pressure sensor signal conditioner (Load cell/ strain signal conditioner, Linear Variable Differential Transformers (LVDT), Torque ), AC and DC signal conditioner, Frequency signal conditioner

By Function: Conversion, Amplification, Attenuation, Filtering, Range matching, Isolation, Excitation, Linearization, Cold junction compensation.

By Application: Data acquisition, Process control, Measurement and Evaluation, Others
By End user: Consumer Electronics, Manufacturing, Energy and Power, Aerospace and defense, Industrial equipment, Educational Institute, Food and beverage, Others.

By Geography: North America (U.S, Canada, Mexico), Europe (U.K, Germany, France, Italy, Spain, Others), APAC (China, Japan, South Korea, India, Australia, Others), South America (Brazil, Argentina, Others), RoW (Middle East, Africa)

Key Takeaways

·       The DIN rail or Rack mount segment held the largest market share in the signal conditioning market segmented by form factor. This is owing to standard installations, time efficient process and linear configuration which provides high flexibility and density.

·       The food and beverage segment are predicted to grow at the highest rate over the forecast period 2024-2030 in signal conditioning market, by end-user. This is attributed to increasing adopting process automation and instrumentation, increasing government standards for edibles and to increase operations efficiency. 

·       Asia-Pacific (APAC) market held the largest share of 34%, in 2023. This is due to rising industrial automation and growing demand for applications in data acquisition and process control for optimizing production process.

·       The advent of industry 4.0 with automation, growing demand of accurate and low noise processing signal conditioners, and growing research in micro electromechanical system (MEMs) based technology in signal conditioners are the contributing factors in the growth of signal conditioning market.

Signal Conditioning Market Value Share, By Geography, 2023 (%)

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Signal Conditioning Market Segment Analysis- By Form Factor

The Signal Conditioning Market by form factor has been segmented into circuit board, panel or chassis mount, modular bay or slot system, din rail or rack mount and stand-alone. The segment held the largest share of 40%, in 2023. This is owing to standard installations, time efficient process and linear configuration provides high flexibility and density. A signal conditioner design that is mounted on a standard DIN-rail is easy to manage and control the electronic characteristics of a sensor. It can be conveniently located away from the sensing environment, making the excitation, coarse grain, and screw terminal connections of power, analog output, shunt, and sensor signals easy to access. Hence, owing to all the benefits of DIN rail or rack mount signal conditioners, they are widely used in various industries.

Signal Conditioning Market Segment Analysis- By End User

The Signal Conditioning Market by end user has been segmented into consumer electronics, manufacturing, energy and power, aerospace and defense, industrial equipment, educational institute, food and beverage and others. Thefood and beveragessegment is predicted to grow at the fastest rate in the end user segment. A signal conditioning system assists the smooth functioning of automation mechanisms in the factories. It provides integration of freely combinable signal conditioners into industrial networks, interference-free signal transmission from the field level to the monitoring systems, easy configuration and monitoring via mobile devices or desktop with instant notifications. As food safety compliance is so critical, even the smallest of issues can impact food safety and result in unexpected downtime. Hence, proper maintenance and communication becomes essential within the production line. Here, signal Conditioners are used to provide critical communication between beverage processing equipment and other components of a food production line. In 2023, PR electronics launched signal conditioning enabled device 4116 sensor, needed Safety Integrity Level (SIL) approval for an oven temperature safety system on ovens being manufactured. TC circuit used for temperature measurement and two relay set points, one for high temperature alarm and one for over temperature cut is which designed for use in food and beverage industry. Thus, food and beverage industry have a host of potential applications for signal conditioning which drives the growth of this market.

Signal Conditioning Market Segment Analysis- By Geography

The Signal Conditioning Market by geography is segmented into North America, Europe, Asia-Pacific (APAC), South America, and the rest of the world (RoW). APAC (Asia-Pacific) held the largest signal conditioning market share of 34%, in 2023. This is owing to rise in quality standard compliances in manufacturing, growing industrial automation implementing signal conditioners for data acquisition and process control applications and rise in research of signal conditioning devices to improve noise processing and efficient output. Asian countries such as China, Japan and India being populated with manufacturing units are increasingly adopting signal conditioning devices to ensure continuous flow of processes in production line with remote monitoring and automated response. In December 2023, according to a paper published by groups in Tsinghua-Berkeley Shenzhen Institute, China a significant development in the field of Robotics for human-computer interface (HMIs) uses a unique trans-impedance amplifier-based signal conditioning circuit eliminates most of the crosstalk and noise in the real-time transmission of multi-channel signals, enhancing the robustness of the system. As a result, signal conditioning is also being used in robotics for quality communication interface. Thus, these growing fields of applications across Asian countries are fuelling the growth of signal conditioning market.

Signal Conditioning Market Drivers

There is an increasing demand for automation of industrial processes and monitoring systems with continuous communication which boosts the growth of signal conditioning market:

Signal conditioning is an essential step to ensure continuous flow of process in production line while adopting industry 4.0 automation technologies. Additional use cases of signal conditioning are signal isolation, amplification, attenuation, range matching or any other signal processing requirement that makes the output suitable for the subsequent stage. Factors such as increasing need to confirm to quality benchmarks in production and rise in research for remote monitoring technologies also boosts the need of signal conditioning systems. In industrial applications, signal conditioners used as instrumental amplifiers prevent the passage of high voltages into the control-side loop by galvanic isolation. Many industrial applications, such as oil and gas or chemical production, often require process measurement signals to be accurately transmitted over long distances using signal conditioning systems. As a result of mentioned wide range of application of signal conditioning which improves the processes on production line helps the signal conditioning market growth. In March 2023, Kistler, a leading electronics solutions company, announced collaboration with MAN Energy Solutions Fuel-flexible gas turbines for developing a customized signal conditioning unit that simplifies the entire measuring chain and contributes significantly to cost optimization. Thus, numerous industries are adopting signal conditioning system solutions for seamless processes Hence, rapidly expanding applications of signal conditioning in industrial automation helps in the growth of this market.

The growing research and innovations for use of Micro electromechanical system (MEMS) signal conditioning is propelling the growth of this market:

The growing research and innovations in signal conditioning have led to a few better Micro electromechanical systems (MEMS) and sensor signal conditioning in some design cases. Technology has advanced beyond analog sensors to piezoelectric sensors in modern day technology.

Signal Conditioning Market Challenges

The external factor based technical issues such as input and output, mismatch or ground loops acts as a restraining factor for the growth of signal conditioning market:

Automation systems need to transmit analogue signals representing engineering values from a measurement point to a monitoring or control point. There can be many issues that will affect how a signal is conditioned from the mismatch of inputs to outputs, to the environment in which the system is located. The output signal type and level from process sensors can cause problems in being matched to the input requirements for controllers or Programmable logic controllers (PLCs). Matching the signals parameters is the primary requirement of any signal conditioner. Isolation of equipment inputs/outputs on the same control loop may be required, if ground loops that can cause signal errors are to be avoided. Isolation between sensors that may become live in a fault condition can be a safety concern in some applications, so a conditioner with a suitable rating is a major factor. For example, Status Instruments’ rail mounted SEM1700 range of single and dual channel conditioning and splitter products has been designed with a view to overcoming many of the common problems associated with signal conditioning. Thus, many such integration issues arise over the external factors which still restrain the market growth.

Signal Conditioning Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Signal Conditioning industry. The Signal Conditioning top 10 companies include:

·       AMETEK, Inc.

·       ABB Ltd.

·       Analog Devices, Inc.

·       Pepperl+Fuchs

·       Schneider Electric

·       Rockwell Automation, Inc

·       Phoenix Contact GmbH & Co.

·       Yokogawa Electric Corporation

·       TE Connectivity Ltd.

·       Advantech Co. Ltd.

Recent Developments:

• In September 2023 Analog Devices releases the AD7158 low-noise, high-precision instrumentation amplifier, aimed at medical, industrial, and scientific applications requiring accurate signal capture and amplification.
• In October 2023, Texas Instruments unveils the AWR1642 millimeter-wave (mmWave) radar sensor with integrated signal conditioning, targeting industrial automation and robotics with enhanced obstacle detection and distance measurement.
• In November 2023, Maxim Integrated introduces the MAX9939 high-voltage isolated delta-sigma ADC, providing safe and accurate signal acquisition for battery management systems in electric vehicles.