Industrial Sensors Market

Industrial Sensors Market by Sensors (Image Sensor, Pressure Sensor, Temperature Sensor, Level Sensor, Position Sensor, Humidity Sensor, Force Sensor, and Others), End-users (Manufacturing, Pharmaceutical, Chemical, Oil & Gas, Energy & Power, and Mining), Types (Contact and Non-contact), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2021-2028

  • Report ID: ICT-SE-2918
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 3
  • No. Of Pages: 228
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The global industrial sensors market was valued at USD 18.9 billion in 2019 and is anticipated to expand at a robust CAGR during the forecast period, between 2021 and 2028. Industrial sensors refer to electronic devices that detect changes in the environment and provide a corresponding output based on the user’s settings. Industrial sensors have the ability to detect physical input such as light, heat, motion, moisture, or any other entity and produce an output in the form of electronic information. This helps in water and flood level monitoring, environment monitoring, traffic monitoring, and other applications.

Industrial Sensors Market

Market Trends, Drivers, Restraints, and Opportunities:

  • The integration of new disruptive technologies and increasing use of industrial sensors in various economies drive the industrial sensors market.
  • Increase in the use of sensors for industrial purposes such as manufacturing and supply chain monitoring drives the market.
  • Industrial sensors are custom made for the manufacturing industry, depending on the requirement, and cost in the production of industrial sensors. These customization are costly, many companies cannot bear the high costs of sensors, thereby restraining the market.
  • Technological advancements wherein the sensor technology is combined with computing powers ensures better performance and results that offer high productivity solutions to users further boost the market.
  • Increasing number of factories switching to digitally smart environments and focusing on transforming existing partial automated facilities into completely integrated facilities for  speedy and efficient operations further increase the demand for industrial sensors.

Scope of the report:

The report on the global industrial sensors market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes Details

Report Title

Industrial Sensors Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

Base Year

2020

Historic Data

2018 & 2019

Forecast Period

2021–2028

Segmentation

Sensors (Image Sensor, Pressure Sensor, Temperature Sensor, Level Sensor, Position Sensor, Humidity Sensor, Force Sensor, and Others), End-users (Manufacturing, Pharmaceutical, Chemical, Oil & Gas, Energy & Power, and Mining), Types (Contact and Non-contact)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Industrial Sensors Market Segment Insights:

Level sensors segment is forecasted to hold significant market share

Based on sensors, the industrial sensor market can be segmented into image sensor, pressure sensor, temperature sensor, level sensor, position sensor, humidity sensor, force sensor, and others. The level sensor segment is projected to hold a key share of the market during the forecast period due to its high demand in the industrial sector. Level sensors are used to detect and measure the levels of various fluids in industries for maintaining accuracy, appearance, response rate, and ease of calibration of instruments.

The demand for image sensors is increasing in the industrial sector, as they are pivotal components in a machine vision camera. Image sensors help covert incoming light rays or photons into an electric signal that can be analyzed and stored. Pressure sensors are transducers that convert an input mechanical pressure into an electric output signal. The  size, measurement method, sensing technology, and output requirements of the sensors vary from industry to industry.

Industrial Sensors Market

Industrialization and technological advancements drive the manufacturing segment

On the basis of end-users, the market can be segmented into manufacturing, pharmaceutical, chemical, oil &gas, energy & power, and mining. Rapid industrialization and the penetration of the Internet have increased the trend of industrial automation. The manufacturing segment uses sensors to detect changes in the physical environment and to provide necessary electronic output to the manufacturers. Government support toward the manufacturing industry through investments and technological developments are increasing the launch of new and improved sensors in the market, specifically catering to the manufacturing industrial segment.

Industrial Sensors Market

Contact segment to grow during the forecast period

In terms of types, the market can be bifurcated into contact and non-contact. The contact segment held a substantial share of the market in 2019, as these sensors allow physical contact between the device and the media. High-end technologies used in contact industrial sensors such as vibratory probe, hydrostatic, pneumatic, rotating paddle, and weight drive the segment. Temperature and pressure sensors are examples of contact sensors.

Industrial Sensors Market

Asia Pacific dominates the market

Based on regions, the global industrial sensors market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific constituted a significant share of the market in 2020 due to mergers & acquisitions conducted by key market players. Moreover, increase in R&D spending by industrial information technology companies and growing urbanization in the developing countries are driving the market in Asia Pacific. The market in North America is projected to expand at a significant CAGR during the forecast period due to growing R&D expenditure and government initiatives in the field of information technology.

Industrial Sensors Market

Segments

Segments covered in the report

By Sensors

  • Image Sensor
  • Pressure Sensor
  • Temperature Sensor
  • Level Sensor
  • Position Sensor
  • Humidity Sensor
  • Force Sensor
  • Others

By End-users

  • Manufacturing
  • Pharmaceutical
  • Chemical
  • Oil & Gas
  • Energy & Power
  • Mining

By Types

  • Contact
  • Non-contact

By Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

Competitive Landscape

Key players in the global industrial sensors market include Rockwell Automation; Honeywell; Texas Instruments; Siemens; Bosch Sensortec; Panasonic; STMicroelectronics; First Sensor; Amphenol Corporation; Integrated Device Technology; TE Connectivity; Omega Engineering; Sensirion; AmsAG; Microchip; NXP Semiconductors; Teledyne Technologies Incorporated; Figaro Engineering inc; and Safran Colibrys SA. These players are widely engaged in several business development strategies including collaborations, agreements, mergers & acquisitions, production capacity expansion, product launches, and partnerships to strengthen their geographical presence, expand their customer base globally, and increase their market share.
 

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Sensors Market Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Industrial Sensors Market Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Industrial Sensors Market Market - Supply Chain
  4.5. Global Industrial Sensors Market Market Forecast
     4.5.1. Industrial Sensors Market Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Industrial Sensors Market Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Industrial Sensors Market Market Absolute $ Opportunity
5. Global Industrial Sensors Market Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Industrial Sensors Market Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Industrial Sensors Market Demand Share Forecast, 2019-2026
6. North America Industrial Sensors Market Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Industrial Sensors Market Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Industrial Sensors Market Demand Share Forecast, 2019-2026
7. Latin America Industrial Sensors Market Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Industrial Sensors Market Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Industrial Sensors Market Demand Share Forecast, 2019-2026
8. Europe Industrial Sensors Market Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Industrial Sensors Market Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Industrial Sensors Market Demand Share Forecast, 2019-2026
9. Asia Pacific Industrial Sensors Market Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Industrial Sensors Market Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Industrial Sensors Market Demand Share Forecast, 2019-2026
10. Middle East & Africa Industrial Sensors Market Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Industrial Sensors Market Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Industrial Sensors Market Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Industrial Sensors Market Market: Market Share Analysis
  11.2. Industrial Sensors Market Distributors and Customers
  11.3. Industrial Sensors Market Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Segments covered in the report

By Sensors

  • Image Sensor
  • Pressure Sensor
  • Temperature Sensor
  • Level Sensor
  • Position Sensor
  • Humidity Sensor
  • Force Sensor
  • Others

By End-users

  • Manufacturing
  • Pharmaceutical
  • Chemical
  • Oil & Gas
  • Energy & Power
  • Mining

By Types

  • Contact
  • Non-contact

By Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

Key players in the global industrial sensors market include Rockwell Automation; Honeywell; Texas Instruments; Siemens; Bosch Sensortec; Panasonic; STMicroelectronics; First Sensor; Amphenol Corporation; Integrated Device Technology; TE Connectivity; Omega Engineering; Sensirion; AmsAG; Microchip; NXP Semiconductors; Teledyne Technologies Incorporated; Figaro Engineering inc; and Safran Colibrys SA. These players are widely engaged in several business development strategies including collaborations, agreements, mergers & acquisitions, production capacity expansion, product launches, and partnerships to strengthen their geographical presence, expand their customer base globally, and increase their market share.
 

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