Industrial Sensors
Industrial Sensors Market Forecasts to 2030 - Global Analysis By Sensor Type (Flow Sensors, Force Sensors, Gas Sensors, Humidity & Moisture Sensors, Image Sensors, Level Sensors, Photoelectric Sensors, Position Sensors, Pressure Sensors, Temperature Sensors and Other Sensor Types), Type, Sensor Interface, Sensor Mounting, Technology, Application, End User and By Geography
According to Stratistics MRC, the Global Industrial Sensors Market is accounted for $27.01 billion in 2024 and is expected to reach $47.3 billion by 2030, growing at a CAGR of 9.8% during the forecast period. Industrial sensors are devices that detect and measure physical properties or changes in industrial environments, converting them into electrical signals for monitoring and control purposes. They are integral to automation, enabling real-time monitoring and control of processes to enhance efficiency and safety. The industrial sensor market is growing due to increased automation, advancements in sensor technology, and the adoption of Industry 4.0, which emphasizes smart manufacturing and interconnected systems.
According to Statista, the number of Internet of Things (IoT) devices worldwide is forecast to almost double from 15.9 billion in 2023 to more than 32.1 billion IoT devices in 2030.
Market Dynamics:
Driver:
Increased automation
The growing trend of automation across industries is a significant driver for the industrial sensors market. As companies seek to improve efficiency, productivity, and quality control, they are increasingly implementing automated systems that rely heavily on sensors. These sensors provide real-time data on various parameters, enabling precise monitoring and control of industrial processes. The adoption of Industry 4.0 and smart manufacturing concepts further accelerates this trend, creating a strong demand for advanced industrial sensors.
Restraint:
High initial costs
The implementation of industrial sensor systems often requires substantial upfront investments. This includes not only the cost of the sensors themselves but also expenses related to installation, integration with existing systems, and staff training. For many companies, especially small and medium-sized enterprises, these high initial costs can be a significant barrier to adoption. This financial hurdle may slow down market growth, particularly in industries or regions where budget constraints are more pronounced.
Opportunity:
Rapid industrialization in emerging economies
The rapid industrialization occurring in emerging economies presents a significant opportunity for the industrial sensors market. Countries in Asia, Africa, and Latin America are experiencing fast-paced industrial growth, leading to increased demand for automation and quality control solutions. As these nations modernize their manufacturing sectors and adopt advanced technologies, the need for industrial sensors is expected to surge. This trend opens up new markets and growth avenues for sensor manufacturers and suppliers.
Threat:
Disruptions in the global supply chain
Global supply chain disruptions pose a significant threat to the industrial sensors market. These disruptions can result from various factors, such as geopolitical tensions, natural disasters, or global health crises. Such events can lead to shortages of raw materials, components, or finished sensor products, causing production delays and increased costs. This instability in the supply chain can impact market growth, create uncertainty for manufacturers, and potentially lead to price volatility in the industrial sensors market.
Covid-19 Impact:
The COVID-19 pandemic initially disrupted the industrial sensors market due to factory closures and supply chain issues. However, it also accelerated the adoption of automation and remote monitoring solutions, driving demand for sensors in the long term. The pandemic highlighted the importance of resilient, automated industrial processes, potentially boosting market growth as industries recover and adapt to new operational norms.
The non-contact sensors segment is expected to be the largest during the forecast period
The non-contact sensors segment is expected to be the largest due to their advantages in durability, low maintenance, and suitability for harsh environments. These sensors, which include technologies like optical and ultrasonic sensors, are essential for accurate measurement without physical contact, making them ideal for automation and quality control in diverse industrial applications.
The image sensors segment is expected to have the highest CAGR during the forecast period
The image sensors segment is anticipated to experience the highest CAGR due to advancements in machine vision and automation technologies. Image sensors are crucial for quality inspection, defect detection, and process monitoring. As industries increasingly adopt smart manufacturing practices and integrate advanced vision systems, the demand for high-resolution and versatile image sensors is driving rapid market growth.
Region with largest share:
North America's dominance in the industrial sensors market is attributed to its advanced manufacturing sector, high adoption of automation technologies, and strong presence of major sensor manufacturers. The region's focus on innovation, stringent quality standards, and investments in Industry 4.0 initiatives contribute to the widespread use of industrial sensors across various sectors, maintaining its leading position in the market.
Region with highest CAGR:
The Asia Pacific region is set to witness rapid growth in the industrial sensors market, driven by accelerating industrialization, increasing automation, and expanding manufacturing capabilities. Countries like China, Japan, and India are investing heavily in infrastructure and technology, boosting the demand for industrial sensors to enhance production efficiency and quality control in their burgeoning industrial sectors.
Key players in the market
Some of the key players in Industrial Sensors market include Rockwell Automation, Honeywell International Inc., Texas Instruments Incorporated, Panasonic, STMicroelectronics, TE Connectivity, Siemens AG, Amphenol Corporation, Dwyer Instruments, LLC, Bosch Sensortec GmbH, Omega Engineering Inc., Sensirion AG, ams-OSRAM AG, Microchip Technology Inc., ABB Ltd., NXP Semiconductors, Endress+Hauser Group Services AG, and Omron Corporation.
Key Developments:
In May 2024, Siemens, a leading technology company announced a breakthrough in the longstanding challenge of closely managing numerous hardware control points throughout the factory. The solution is the new Siemens Simatic Automation Workstation, which allows manufacturers to replace a hardware PLC, a conventional HMI and an edge device with a single, software-based workstation. This ushers in Information Technology (IT) workflows to Operational Technology (OT) environments.
In January 2024, Texas Instruments recently introduced new semiconductors designed to improve automotive safety and intelligence. The AWR2544 77GHz millimeter-wave radar sensor chip is the industry’s first for satellite radar architectures, enabling higher levels of autonomy by improving sensor fusion and decision-making in ADAS. TI’s new software-programmable driver chips, the DRV3946-Q1 integrated contactor driver and DRV3901-Q1 integrated squib driver for pyro fuses, offer built-in diagnostics and support functional safety for battery management and powertrain systems. TI is demonstrating these new products at the 2024 Consumer Electronics Show (CES).
In December 2023, Panasonic Life Solutions India’s Industrial Devices Division (INDD) introduced an innovative 6-in-1, 6DoF (Degrees of Freedom) Inertial Sensor. The sensor measures vehicle acceleration and angular rate across three axes (X, Y, and Z), providing critical information that enhances vehicle safety and stability. These sensors adhere rigorously to the ISO26262 Functional Safety Standards, including the Automotive Safety Integrity Level (ASIL-D), reflecting the robustness and dependability in mission-critical applications.
Sensor Types Covered:
• Flow Sensors
• Force Sensors
• Gas Sensors
• Humidity & Moisture Sensors
• Image Sensors
• Level Sensors
• Photoelectric Sensors
• Position Sensors
• Pressure Sensors
• Temperature Sensors
• Other Sensor Types
Types Covered:
• Contact Sensors
• Non-Contact Sensors
Sensor Interface Covered:
• Wired
• Wireless
• Analog
• Digital
Sensor Mountings Covered:
• Inline
• Panel Mount
• Remote Mount
• Other Mountings
Technologies Covered:
• MEMS (Micro-Electro-Mechanical Systems)
• NEMS (Nano-Electro-Mechanical Systems)
• Optical Sensing
• Other Technologies
Applications Covered:
• Process Automation
• Condition Monitoring
• Safety & Security
• Environmental Monitoring
• Predictive Maintenance
• Other Applications
End Users Covered:
• Manufacturing
• Oil & Gas
• Chemicals
• Pharmaceuticals
• Energy & Power
• Mining
• Automotive
• Aerospace & Defense
• Food & Beverage
• Water & Wastewater Treatment
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Industrial Sensors Market, By Sensor Type
5.1 Introduction
5.2 Flow Sensors
5.3 Force Sensors
5.4 Gas Sensors
5.5 Humidity & Moisture Sensors
5.6 Image Sensors
5.7 Level Sensors
5.8 Photoelectric Sensors
5.9 Position Sensors
5.10 Pressure Sensors
5.11 Temperature Sensors
5.12 Other Sensor Types
6 Global Industrial Sensors Market, By Type
6.1 Introduction
6.2 Contact Sensors
6.3 Non-Contact Sensors
7 Global Industrial Sensors Market, By Sensor Interface
7.1 Introduction
7.2 Wired
7.3 Wireless
7.4 Analog
7.5 Digital
8 Global Industrial Sensors Market, By Sensor Mounting
8.1 Introduction
8.2 Inline
8.3 Panel Mount
8.4 Remote Mount
8.5 Other Mountings
9 Global Industrial Sensors Market, By Technology
9.1 Introduction
9.2 MEMS (Micro-Electro-Mechanical Systems)
9.3 NEMS (Nano-Electro-Mechanical Systems)
9.4 Optical Sensing
9.4.1 Photoelectric Technology
9.4.2 Fiber Optic Technology
9.5 Other Technologies
10 Global Industrial Sensors Market, By Application
10.1 Introduction
10.2 Process Automation
10.3 Condition Monitoring
10.4 Safety & Security
10.5 Environmental Monitoring
10.6 Predictive Maintenance
10.7 Other Applications
11 Global Industrial Sensors Market, By End User
11.1 Introduction
11.2 Manufacturing
11.3 Oil & Gas
11.4 Chemicals
11.5 Pharmaceuticals
11.6 Energy & Power
11.7 Mining
11.8 Automotive
11.9 Aerospace & Defense
11.10 Food & Beverage
11.11 Water & Wastewater Treatment
11.12 Other End Users
12 Global Industrial Sensors Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 Rockwell Automation
14.2 Honeywell International Inc.
14.3 Texas Instruments Incorporated
14.4 Panasonic
14.5 STMicroelectronics
14.6 TE Connectivity
14.7 Siemens AG
14.8 Amphenol Corporation
14.9 Dwyer Instruments, LLC
14.10 Bosch Sensortec GmbH
14.11 Omega Engineering Inc.
14.12 Sensirion AG
14.13 ams-OSRAM AG
14.14 Microchip Technology Inc.
14.15 ABB Ltd.
14.16 NXP Semiconductors
14.17 Endress+Hauser Group Services AG
14.18 Omron Corporation
List of Tables
1 Global Industrial Sensors Market Outlook, By Region (2022-2030) ($MN)
2 Global Industrial Sensors Market Outlook, By Sensor Type (2022-2030) ($MN)
3 Global Industrial Sensors Market Outlook, By Flow Sensors (2022-2030) ($MN)
4 Global Industrial Sensors Market Outlook, By Force Sensors (2022-2030) ($MN)
5 Global Industrial Sensors Market Outlook, By Gas Sensors (2022-2030) ($MN)
6 Global Industrial Sensors Market Outlook, By Humidity & Moisture Sensors (2022-2030) ($MN)
7 Global Industrial Sensors Market Outlook, By Image Sensors (2022-2030) ($MN)
8 Global Industrial Sensors Market Outlook, By Level Sensors (2022-2030) ($MN)
9 Global Industrial Sensors Market Outlook, By Photoelectric Sensors (2022-2030) ($MN)
10 Global Industrial Sensors Market Outlook, By Position Sensors (2022-2030) ($MN)
11 Global Industrial Sensors Market Outlook, By Pressure Sensors (2022-2030) ($MN)
12 Global Industrial Sensors Market Outlook, By Temperature Sensors (2022-2030) ($MN)
13 Global Industrial Sensors Market Outlook, By Other Sensor Types (2022-2030) ($MN)
14 Global Industrial Sensors Market Outlook, By Type (2022-2030) ($MN)
15 Global Industrial Sensors Market Outlook, By Contact Sensors (2022-2030) ($MN)
16 Global Industrial Sensors Market Outlook, By Non-Contact Sensors (2022-2030) ($MN)
17 Global Industrial Sensors Market Outlook, By Sensor Interface (2022-2030) ($MN)
18 Global Industrial Sensors Market Outlook, By Wired (2022-2030) ($MN)
19 Global Industrial Sensors Market Outlook, By Wireless (2022-2030) ($MN)
20 Global Industrial Sensors Market Outlook, By Analog (2022-2030) ($MN)
21 Global Industrial Sensors Market Outlook, By Digital (2022-2030) ($MN)
22 Global Industrial Sensors Market Outlook, By Sensor Mounting (2022-2030) ($MN)
23 Global Industrial Sensors Market Outlook, By Inline (2022-2030) ($MN)
24 Global Industrial Sensors Market Outlook, By Panel Mount (2022-2030) ($MN)
25 Global Industrial Sensors Market Outlook, By Remote Mount (2022-2030) ($MN)
26 Global Industrial Sensors Market Outlook, By Other Mountings (2022-2030) ($MN)
27 Global Industrial Sensors Market Outlook, By Technology (2022-2030) ($MN)
28 Global Industrial Sensors Market Outlook, By MEMS (Micro-Electro-Mechanical Systems) (2022-2030) ($MN)
29 Global Industrial Sensors Market Outlook, By NEMS (Nano-Electro-Mechanical Systems) (2022-2030) ($MN)
30 Global Industrial Sensors Market Outlook, By Optical Sensing (2022-2030) ($MN)
31 Global Industrial Sensors Market Outlook, By Photoelectric Technology (2022-2030) ($MN)
32 Global Industrial Sensors Market Outlook, By Fiber Optic Technology (2022-2030) ($MN)
33 Global Industrial Sensors Market Outlook, By Other Technologies (2022-2030) ($MN)
34 Global Industrial Sensors Market Outlook, By Application (2022-2030) ($MN)
35 Global Industrial Sensors Market Outlook, By Process Automation (2022-2030) ($MN)
36 Global Industrial Sensors Market Outlook, By Condition Monitoring (2022-2030) ($MN)
37 Global Industrial Sensors Market Outlook, By Safety & Security (2022-2030) ($MN)
38 Global Industrial Sensors Market Outlook, By Environmental Monitoring (2022-2030) ($MN)
39 Global Industrial Sensors Market Outlook, By Predictive Maintenance (2022-2030) ($MN)
40 Global Industrial Sensors Market Outlook, By Other Applications (2022-2030) ($MN)
41 Global Industrial Sensors Market Outlook, By End User (2022-2030) ($MN)
42 Global Industrial Sensors Market Outlook, By Manufacturing (2022-2030) ($MN)
43 Global Industrial Sensors Market Outlook, By Oil & Gas (2022-2030) ($MN)
44 Global Industrial Sensors Market Outlook, By Chemicals (2022-2030) ($MN)
45 Global Industrial Sensors Market Outlook, By Pharmaceuticals (2022-2030) ($MN)
46 Global Industrial Sensors Market Outlook, By Energy & Power (2022-2030) ($MN)
47 Global Industrial Sensors Market Outlook, By Mining (2022-2030) ($MN)
48 Global Industrial Sensors Market Outlook, By Automotive (2022-2030) ($MN)
49 Global Industrial Sensors Market Outlook, By Aerospace & Defense (2022-2030) ($MN)
50 Global Industrial Sensors Market Outlook, By Food & Beverage (2022-2030) ($MN)
51 Global Industrial Sensors Market Outlook, By Water & Wastewater Treatment (2022-2030) ($MN)
52 Global Industrial Sensors Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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