Industrial Sensors Market Report: A Comprehensive Analysis of the Industry
Straits Research has published a comprehensive report on the global industrial sensors market, providing in-depth insights into the market's growth prospects, key drivers, and segmentation analysis. According to the report, the global industrial sensors market size was valued at USD 23 Billion in 2021 and is projected to reach from USD XX Billion in 2022 to USD 41 Billion by 2030, growing at a CAGR of 7% during the forecast period (2022–2030).
Industrial Sensors Market Catalysts for Expansion
The industrial sensors market is driven by the increasing demand for smart sensors and IoT devices in various industries, such as manufacturing, automotive, and aerospace. The growing need for predictive maintenance, quality control, and process optimization is also fueling the market's growth. Furthermore, the development of advanced sensor technologies, such as MEMS and NEMS, is expected to create new opportunities for the market.
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Industrial Sensors Market Segment Breakdown
The industrial sensors market can be segmented based on type, type, end-user vertical, and technology.
By Type
- Flow
- Pressure
- Proximity (Area)
- Level Measurement
- Temperature
- Image
- Position
- Humidity
- Force
- Other Sensing Types
By Type
- Contact
- Non-contact
By End-User Vertical
- Discrete
- Automotive
- Electronics
- Consumer Goods
- Aerospace and Defense
- Others
- Process
- Oil and Gas
- Energy and Power
- Chemical
- Mining
- Pharmaceutical
- Food and Beverages
- Others
By Technology
- Micro-Electro-Mechanical Systems (MEMS) Technology
- MEMS gyroscopes
- MEMS pressure sensors
- Absolute pressure sensor
- Vacuum pressure sensor
- Sealed pressure sensor
- Gauge pressure sensor
- Differential pressure sensor
- MEMS magnetic field sensors
- Complementary Metal Oxide Semiconductor (CMOS) Technology
- Nanoelectromechanical Systems (NEMS)
- Others
Top Performing Companies
Some of the top performing companies in the industrial sensors market include:
- Texas Instruments Incorporated
- TE Connectivity Inc.
- Omega Engineering Inc.
- Honeywell International Inc.
- Rockwell Automation Inc.
- Siemens AG
- STMicroelectronics Inc.
- AMS AG
- NXP Semiconductors NV
- First Sensor AG
- Bosch Sensortec GmbH
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Industrial Sensors Market Emerging Prospects
The industrial sensors market is expected to witness significant growth in the coming years, driven by the increasing adoption of Industry 4.0 and smart manufacturing technologies. The growing demand for predictive maintenance and quality control is also expected to create new opportunities for the market.
Industrial Sensors Market Industry Movements
The industrial sensors market is witnessing significant industry movements, with major players focusing on product innovation and strategic partnerships. For instance, Texas Instruments Incorporated recently launched a new line of industrial sensors, while TE Connectivity Inc. acquired the industrial sensors business of ABB.
Industrial Sensors Market Geographic Analysis
The industrial sensors market can be segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is expected to dominate the market, driven by the growing demand for industrial automation and smart manufacturing technologies in countries such as China, Japan, and South Korea.
Industrial Sensors Market Data Insights
The industrial sensors market is expected to witness significant growth in the coming years, driven by the increasing adoption of Industry 4.0 and smart manufacturing technologies. The growing demand for predictive maintenance and quality control is also expected to create new opportunities for the market.
About Straits Research
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Phone: +1 646 905 0080 (US), +91 8087085354 (India), +44 203 695 0070 (UK)
