Industrial Sensors Market Growth, Size, Trends, Demand, Revenue, Share and Future Outlook
Industrial Sensors Market Size- By Sensor Type, By Type, By End User Industry, By Technology- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Mar-2023 | Report ID: SEMI2314 | Pages: 1 - 102 | Formats*: |
| Category : Semiconductor and Electronics | |||
Global Industrial Sensor Market Overview
According to SPER Market Research, the Global Industrial Sensor Market is estimated to reach USD 64.78 billion by 2032 with a CAGR of 9.98%.
The highly technical procedures used in the industry depend heavily on industrial sensors. The operating system uses sensors to translate physical stimuli into electrical impulses, which are then used to assess the production process and make decisions. Industrial sensors, especially in the manufacturing sector, help with the routing and administration of complex operations. The growth of the industrial sensor market in the intended period is further predicted to be hindered by the high installation cost of sensor networks. The development of the industrial sensor market may, however, face additional challenges in the near future due to the precise performance requirements of impending advanced/technological sensors.
This industrial sensor market report details recent developments, trade laws, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and local market participants, analyses opportunities in terms of emerging revenue pockets, changes in market laws, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, and geospatial data. These sensors are essential to Industry 4.0 and factory automation. Equipment condition is tracked using motion sensors, environmental sensors, and vibration sensors for linear or angular positioning, tilt sensing, levelling, and shock or fall detection. Due to the abundance of industrial automation and control system producers in these regions, North America and Europe are significant markets for industrial sensors. Due to the expanding use of industrial automation and IoT technologies across numerous industries, Asia-Pacific is also a sizable market.
In conclusion, the development of IoT and Industry 4.0 technologies, as well as the rising demand for process automation and control systems across different industries, are the key factors driving the global market for industrial sensors. Major geographic areas include North America, Europe, and Asia-Pacific, and the market is split by sensor type and application. The COVID-19 pandemic had a conflicting effect on the market, causing production and supply chain disruptions but also hastening the implementation of automation and control systems across a number of sectors.
Impact of COVID-19 on the Global Industrial Sensor Market
The global market for industrial sensors has been significantly impacted by the COVID-19 epidemic. Industrial sensor demand, production, and supply all experienced delays as a result of the pandemic. Because to trade and transit limitations, the manufacturing sector—one of the main end-users of industrial sensors—was severely impacted by the pandemic. The number of production facilities that were closed or whose operations were scaled back resulted in a decrease in the demand for industrial sensors.
However, the epidemic also sped up the deployment of automation and control systems across a range of sectors. The need for industrial sensors for monitoring and control reasons expanded as businesses aimed to preserve social distance and minimize human participation in industrial operations. The necessity for remote monitoring and preventative maintenance solutions in industrial settings has also increased as a result of the epidemic. As a result, sensors like vibration sensors and temperature sensors that can deliver real-time data and insights for predictive maintenance applications are in higher demand. Industrial sensors are also in higher demand in the healthcare sector, particularly for patient monitoring and tracking applications. This is because diagnosing and treating COVID-19 patients requires precise and timely data.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Product, By Capacity, By End User Technology, By Technology. |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | Amphenol Corporation, Bosch Sensortec, Dwyer Instruments, Honeywell International Inc., Infineon Technologies, NXP Semiconductors, Panasonic Corporation, Renesas Electronics Corporation, Rockwell Automation, INC., Siemens AG, STMicroelectronics, TE Connectivity Ltd., Texas Instruments Incorporated |
Target Audience:
- Industrial Sensors Manufacturers
- Healthcare
- Automotive
- Aerospace
- Defense
Global Industrial Sensor Market Segmentation:
1. By Sensor Type:
- Force Sensor
- Flow Sensor
- Humidity Sensor
- Level sensors
- Position Sensor
- Pressure Sensor
- Semi-Automatic Image Sensor
- Temperature Sensor
2. By Type:
- Contact
- Non- Contact
3. By End User Industry:
- Chemical
- Energy & Power
- Manufacturing
- Mining
- Oil & Gas
- Pharmaceutical
4. By Technology:
- Micro-Electro-Mechanical Systems (MEMS)
- Complementary Metal Oxide Semiconductor (CMOS)
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
- Global Industrial Sensor Market Size (FY’2019-FY’2032)
- Overview of Global Industrial Sensor Market
- Segmentation of Global Industrial Sensor Market Sensor Type (Force Sensor, Flow Sensor, Humidity Sensor, Level sensors, Position Sensor, Pressure Sensor, Semi-Automatic Image Sensor, Temperature Sensor, Others)
- Segmentation of Global Industrial Sensor Market By Type (Contact, Non- Contact)
- Segmentation of Global Industrial Sensor Market By End User Industry (Chemical, Energy & Power, Manufacturing, Mining, Oil & Gas, Pharmaceutical)
- Segmentation of Global Industrial Sensor Market By Technology (Micro-Electro-Mechanical Systems (MEMS), Complementary Metal Oxide Semiconductor (CMOS).
- Growth Analysis of Global Industrial Sensor Market
- Problems and Challenges in Global Industrial Sensor Market
- Competitive Landscape in the Global Industrial Sensor Market
- Impact of COVID-19 and Demonetization on Global Industrial Sensor Market
- Details on Recent Investment in Global Industrial Sensor Market
- Competitive Analysis of Global Industrial Sensor Market
- Major Players in the Global Industrial Sensor Market
- Global Industrial Sensor Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s2.2 Market size estimation2.2.1 Top-down and Bottom-up approach2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges4.2. COVID-19 Impacts of the Global Industrial Sensor Market
5. Market variables and outlook
5.1. SWOT analysis5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats5.2. PESTEL analysis5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape5.3. PORTER’S five forces analysis5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry5.4.Heat map analysis
6. Competitive Landscape
6.1 Global Industrial Sensor Market Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Industrial Sensor Market
7. Global Industrial Sensor Market, By Sensor Type, 2019-2032 (USD Million)
7.1 Force Sensor7.2 Flow Sensor7.3 Humidity Sensor7.4 Level sensors7.5 Position Sensor7.6 Pressure Sensor7.7 Semi-Automatic Image Sensor7.8 Temperature Sensor7.9 Others
8. Global Industrial Sensor Market, By Type, 2019-2032 (USD Million)
8.1 Contact8.2 Non- Contact
9. Global Industrial Sensor Market, By End User Industry, 2019-2032 (USD Million)
9.1 Chemical9.2 Energy & Power9.3 Manufacturing9.4 Mining9.5 Oil & Gas9.6 Pharmaceutical
10. Global Industrial Sensor Market, By Technology, 2019-2032 (USD Million)
10.1 Micro-Electro-Mechanical Systems (MEMS)10.2 Complementary Metal Oxide Semiconductor (CMOS)
11. Global Industrial Sensor Market, By Region, 2019-2032 (USD Million)
11.1 Global Industrial Sensor Market Size and Market Share by Region (2019-2025)11.2 Global Industrial Sensor Market Size and Market Share by Region (2026-2032)11.3 Asia-Pacific11.3.1 China11.3.2 India11.3.3 Japan11.3.4 South Korea11.3.5 Rest of Asia-Pacific11.4 Europe11.4.1 Germany11.4.2 Italy11.4.3 United Kingdom11.4.4 Russia11.4.5 Rest of Europe11.5 Middle East and Africa11.5.1 Kingdom of Saudi Arabia11.5.2 United Arab Emirates11.5.3 Rest of Middle East & Africa11.6 North America11.6.1 Canada11.6.2 Mexico11.6.3 United States11.7 Latin America11.7.1 Argentina11.7.2 Brazil11.7.3 Rest of Latin America
12. Company Profiles
12.1 Amphenol Corporation,12.1.1 Company details12.1.2 Financial outlook12.1.3 Product summary12.1.4 Recent developments12.2 Bosch Sensortec12.2.1 Company details12.2.2 Financial outlook12.2.3 Product summary12.2.4 Recent developments12.3 Dwyer Instruments12.3.1 Company details12.3.2 Financial outlook12.3.3 Product summary12.3.4 Recent developments12.4 Honeywell International Inc.,12.4.1 Company details12.4.2 Financial outlook12.4.3 Product summary12.4.4 Recent developments12.5 Infineon Technologies,12.5.1 Company details12.5.2 Financial outlook12.5.3 Product summary12.5.4 Recent developments12.6 NXP Semiconductors,12.6.1 Company details12.6.2 Financial outlook12.6.3 Product summary12.6.4 Recent development12.7 Panasonic Corporation12.7.1 Company details12.7.2 Financial outlook12.7.3 Product summary11.7.4 Recent developments12.8 Renesas Electronics Corporation,12.8.1 Company details12.8.2 Financial outlook12.8.3 Product summary12.8.4 Recent developments12.9 Rockwell Automation, INC.,12.9.1 Company details12.9.2 Financial outlook12.9.3 Product summary11.9.4 Recent developments12.10 Siemens AG,12.10.1 Company details12.10.2 Financial outlook12.10.3 Product summary11.10.4 Recent developments12.11 STMicroelectronics12.11.1 Company details12.11.2 Financial outlook12.11.3 Product summary12.11.4 Recent developments12.12 TE Connectivity Ltd.12.12.1 Company details12.12.2 Financial outlook12.12.3 Product summary12.12.4 Recent developments12.13 Texas Instruments Incorporated12.13.1 Company details12.13.2 Financial outlook12.13.3 Product summary12.13.4 Recent developments
13.List of Abbreviations
14.Reference Links
15.Conclusio
16.Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Industrial Sensor Market is projected to reach USD 64.78 billion by 2032, growing at a CAGR of 9.98% during the forecast period.
Industrial Sensor Market grew in market size from 2021. The Market is expected to reach USD 64.78 billion by 2032, at a CAGR of 9.98% during the forecast period.
Industrial Sensor Market CAGR of 9.98% during the forecast period.
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Industrial Sensor Market size is USD 64.78 billion from 2022 to 2032.
Industrial Sensor Market Segment is Covered By Mode of Transportation, By Deployment, By Solution, End-Use Industry
The North America region is anticipated to have the highest market share in Industrial Sensor Market.
The key players in the market include Companies Covered Amphenol Corporation, Bosch Sensortec, Dwyer Instruments, Honeywell International Inc., Infineon Technologies, NXP Semiconductors, Panasonic Corporation, Renesas Electronics Corporation, Rockwell Automation, INC., Siemens AG, STMicroelectronics, TE Connectivity Ltd.,
Texas Instruments Incorporated
The development of IoT and Industry 4.0 technologies, as well as the rising demand for process automation and control systems across different industries, are the key factors driving the global market for industrial sensors.
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