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
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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:
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
Key Topics Covered in the Report:- 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 report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Industrial Sensor Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4.Heat map analysis
6. Competitive Landscape
6.1 Global Industrial Sensor Market Manufacturing Base Distribution, Sales Area, Product Type
6.2 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 Sensor
7.2 Flow Sensor
7.3 Humidity Sensor
7.4 Level sensors
7.5 Position Sensor
7.6 Pressure Sensor
7.7 Semi-Automatic Image Sensor
7.8 Temperature Sensor
7.9 Others
8. Global Industrial Sensor Market, By Type, 2019-2032 (USD Million)
8.1 Contact
8.2 Non- Contact
9. Global Industrial Sensor Market, By End User Industry, 2019-2032 (USD Million)
9.1 Chemical
9.2 Energy & Power
9.3 Manufacturing
9.4 Mining
9.5 Oil & Gas
9.6 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-Pacific
11.3.1 China
11.3.2 India
11.3.3 Japan
11.3.4 South Korea
11.3.5 Rest of Asia-Pacific
11.4 Europe
11.4.1 Germany
11.4.2 Italy
11.4.3 United Kingdom
11.4.4 Russia
11.4.5 Rest of Europe
11.5 Middle East and Africa
11.5.1 Kingdom of Saudi Arabia
11.5.2 United Arab Emirates
11.5.3 Rest of Middle East & Africa
11.6 North America
11.6.1 Canada
11.6.2 Mexico
11.6.3 United States
11.7 Latin America
11.7.1 Argentina
11.7.2 Brazil
11.7.3 Rest of Latin America
12. Company Profiles
12.1 Amphenol Corporation,
12.1.1 Company details
12.1.2 Financial outlook
12.1.3 Product summary
12.1.4 Recent developments
12.2 Bosch Sensortec
12.2.1 Company details
12.2.2 Financial outlook
12.2.3 Product summary
12.2.4 Recent developments
12.3 Dwyer Instruments
12.3.1 Company details
12.3.2 Financial outlook
12.3.3 Product summary
12.3.4 Recent developments
12.4 Honeywell International Inc.,
12.4.1 Company details
12.4.2 Financial outlook
12.4.3 Product summary
12.4.4 Recent developments
12.5 Infineon Technologies,
12.5.1 Company details
12.5.2 Financial outlook
12.5.3 Product summary
12.5.4 Recent developments
12.6 NXP Semiconductors,
12.6.1 Company details
12.6.2 Financial outlook
12.6.3 Product summary
12.6.4 Recent development
12.7 Panasonic Corporation
12.7.1 Company details
12.7.2 Financial outlook
12.7.3 Product summary
11.7.4 Recent developments
12.8 Renesas Electronics Corporation,
12.8.1 Company details
12.8.2 Financial outlook
12.8.3 Product summary
12.8.4 Recent developments
12.9 Rockwell Automation, INC.,
12.9.1 Company details
12.9.2 Financial outlook
12.9.3 Product summary
11.9.4 Recent developments
12.10 Siemens AG,
12.10.1 Company details
12.10.2 Financial outlook
12.10.3 Product summary
11.10.4 Recent developments
12.11 STMicroelectronics
12.11.1 Company details
12.11.2 Financial outlook
12.11.3 Product summary
12.11.4 Recent developments
12.12 TE Connectivity Ltd.
12.12.1 Company details
12.12.2 Financial outlook
12.12.3 Product summary
12.12.4 Recent developments
12.13 Texas Instruments Incorporated
12.13.1 Company details
12.13.2 Financial outlook
12.13.3 Product summary
12.13.4 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.