The Business Research Company’s report on the Industrial Sensor Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How have key drivers contributed to the rapid growth of the industrial sensor market?
Increasing industrial automation is significantly driving the growth of the industrial sensor market. Industrial sensors are crucial to industrial automation because they allow processes to be intelligent and self-contained. These enable the detection, evaluation, measurement, and processing of a wide range of transformations that occur in industrial manufacturing facilities, including changes in position, length, height, exterior, and dislocation. Through industrial automation, several sensing devices enable robotic procedures like deburring, grinding, polishing, and sanding. For instance, According to the International Federation of Robotics (IFR) indicates that the number of industrial robots installed globally reached approximately 3.1 million units in 2022, with an expected growth of 12% in the number of units installed by 2023 . This increase in automation not only enhances operational efficiency but also underscores the importance of advanced sensor technologies in facilitating robotic applications such as grinding, polishing, and more.
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How has the industrial sensor market size evolved, and what are the latest forecasts for its expansion?
The industrial sensor market size has grown strongly in recent years. It will grow from $22.93 billion in 2024 to $25.02 billion in 2025 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to increase in automation and control, increased demand for quality control, rise in demand for predictive maintenance, rise in environmental monitoring, rise in demand for energy efficiency.
The industrial sensor market size is expected to see strong growth in the next few years. It will grow to $35.36 billion in 2029 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to rising sustainability and green manufacturing, rising regulatory changes, growing demand in healthcare and medical devices markets, rising demand in predictive analytics sector. Major trends in the forecast period include iot and industry 4.0 integration, wireless and iot connectivity, miniaturization and mems sensors, smart sensors, edge computing.
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Which major companies dominate the industrial sensor market?
Major companies operating in the industrial sensor market include Rockwell Automation Inc., Honeywell International Inc., TE Connectivity Ltd., Panasonic Corporation, STMicroelectronics N.V., First Sensor AG, Siemens Aktiengesellschaft, Amphenol Corporation, Bosch Sensortec GmbH, NXP Semiconductors N.V., Renesas Electronics Corporation, Teledyne Digital Imaging Inc., Figaro Engineering Inc., Endress+Hauser Group, Safran Colibrys SA, Integrated Device Technology Inc., Infineon Technologies AG, Sony Corporation, BorgWarner Inc., Emerson Electric Co., General Electric Company, Samsung Electronics Co. Ltd., Qualcomm Incorporated, Texas Instruments Incorporated, Omega Engineering Inc., Sick AG, ABB Limited, Omron Corporation, ams OSRAM AG, Balluff GmbH, Micro-Epsilon Messtechnik GmbH & Co. KG
What trends will shape the future of the industrial pc market?
Technological advancement is a trend gaining popularity in the industrial sensor market. Technological advancement helps in gaining an edge over competitors. Companies in the market are focusing on developing new technological solutions to get more precise, real-time control to address the challenges posed by long-term exposure to hydrogen gas, which can degrade the performance of pressure sensors. For instance, in September 2023, Baker Hughes., a US-based oil field services companies,. launched its new Druck hydrogen-rated pressure sensors. Designed for long-term stability in harsh environments, these sensors cater to applications like gas turbines, hydrogen electrolysis production, and hydrogen filling stations. They counteract the adverse effects of hydrogen on sensor performance, using a high-performance barrier coating technology. This ensures the sensors have a lifespan of at least five years. The new sensors are part of two ranges, spanning from 700 mbar to 700 mbar.
Which region dominates the industrial sensor market, and what factors contribute to its leadership?
Asia-Pacific was the largest region in the industrial sensor market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial sensor market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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How is the industrial sensor market segmented, and which segment holds the largest share?
The industrial sensor market covered in this report is segmented –
1) By Sensor Type: Image Sensor, Pressure Sensor, Temperature Sensor, Level Sensor, Position Sensor, Humidity Sensor, Force Sensor, Other Sensors
2) By Operation Type: Contact, Non-Contact
3) By End-User: Manufacturing, Oil And gas, Chemicals, Pharmaceuticals, Energy And power, Mining
Subsegments:
1) By Image Sensor: CMOS Image Sensor, CCD Image Sensor,
2) By Pressure Sensor: Absolute Pressure Sensor, Gauge Pressure Sensor, Differential Pressure Sensor
3) By Temperature Sensor: Thermocouples, RTDs (Resistance Temperature Detectors), Thermistors
4) By Level Sensor: Capacitive Level Sensor, Ultrasonic Level Sensor, Radar Level Sensor
5) By Position Sensor: Linear Position Sensor, Rotary Position Sensor, Proximity Sensor
6) By Humidity Sensor: Capacitive Humidity Sensor, Resistive Humidity Sensor
7) By Force Sensor: Strain Gauge Force Sensor, Piezoelectric Force Sensor
8) By Other Sensors: Gas Sensors, Vibration Sensors, Flow Sensors
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How is the industrial sensor market defined?
An industrial sensor consists of an input device that provides an output signal with respect to a physical quantity or input. It is used to monitor, analyze, and process several changes in the industrial manufacturing process.
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