Global Industrial Sensor Market, By Type (Contact, Noncontact), Sensor Type (Level Sensor, Temperature Sensor, Flow Sensor, Position Sensor, Pressure Sensor, Force Sensor, Humidity and Moisture Sensor, Image Sensor, Gas Sensor), Technology (Micro-Electro-Mechanical Systems (MEMS) Technology, Complementary Metal Oxide Semiconductor (CMOS) Technology), End User (Manufacturing, Oil and Gas, Chemicals, Pharmaceuticals, Energy and Power, Mining), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Industrial sensor market size is valued at USD 36.49 billion by 2028 and is expected to grow at a compound annual growth rate of 7.96% in the forecast period of 2021 to 2028. Data Bridge Market Research report on industrial sensor provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Industrial sensors play a very significant role in extremely technical processes in the industry. Sensor is kind of device that converts physical stimulus into electrical signal which is used for evaluating manufacturing process and making decisions by operation system. Industrial sensors help to route and control complex operations especially in the factory area.
The growing uses of force sensors in the manufacturing of automobiles have been directly influencing the growth of industrial sensor market over the forecast period of 2021 to 2028. Also the growing demand for industrial robots as well as increasing popularity of Industrial 4.0 are also flourishing the growth of the industrial sensor market. Also the rising trend of automation and data exchange in industries is also positively impacting the growth of the market. Furthermore, the increasing industry digitalization and high adoption of industry internet of things (IIoT) are also lifting the growth of the industrial sensor market. The major factors that determine the growth of the industrial sensor market is the growing preference for industrial wireless sensors. However, the high cost of sensor network implementation, high installation cost of sensor networks as well as price competitive market are acting as the major limitations for the growth of industrial sensor in the above mentioned forecasted period, whereas the reluctance in adopting sensor technology in old industries have the potential to challenge the industrial sensor market growth in the forecast period of 2021 to 2028.
Likewise, the increasing use of smart sensors in several manufacturing industries as well as the increasing use of industrial robots for various applications in the industry will further cater ample new opportunities that will lead to the growth of the industrial sensor market in the above mentioned forecasted period.
This industrial sensor market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on industrial sensor market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Industrial Sensor Market Scope and Market Size
Industrial sensor market is segmented on the basis of type, sensor type, technology and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the industrial sensor market is segmented into contact and noncontact.
- Based on sensor type, the industrial sensor market is segmented into level sensor, temperature sensor, flow sensor, position sensor, pressure sensor, force sensor, humidity and moisture sensor, image sensor and gas sensor. Position sensor is further segmented into linear position sensor and angular position sensor.
- On the basis of technology, the industrial sensor market is segmented into micro-electro-mechanical systems (MEMS) technology and complementary metal oxide semiconductor (CMOS) technology.
- The end user segment of the industrial sensor market is segmented into manufacturing, oil and gas, chemicals, pharmaceuticals, energy and power and mining.
Industrial Sensor Market Country Level Analysis
Industrial sensor market is analyzed and market size, volume information is provided by country, type, sensor type, technology and end user as referenced above.
The countries covered in the industrial sensor market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
Asia-Pacific leads the industrial sensor market due to the s strong presence of large number of manufacturing base in the emerging countries within the region. North America is expected to expand at a significant growth rate of over the forecast period of 2021 to 2028 due to the high investment in technology as well as early adoption of the technology within this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Industrial Sensor Market Share Analysis
Industrial sensor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to industrial sensor market.
The major players covered in the industrial sensor market report are Rockwell Automation, Inc., Honeywell International Inc., Texas Instruments Incorporated, Panasonic Corporation of North America, STMicroelectronics, First Sensor AG, Siemens, Amphenol Advanced Sensors, Renesas Electronics Corporation, Bosch Sensortec GmbH, Te Connectivity, OMEGA Engineering, Sensirion AG Switzerland, ams AG, Microchip Technology Inc., NXP Semiconductors, Endress+Hauser Group Services AG, Teledyne Digital Imaging Inc., Figaro Engineering Inc., and Safran Colibrys SA among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Industrial Sensor Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.