Key Highlights
• Industrial sensors are electronic devices that sense fluctuations in the environment and emit additional signals or outcomes as a result. They can detect inputs such as illumination, pressure, temperature, heat, voltage, moisture, and motion and generate signals on a monitor for data communication. Some of the most common industrial sensors are proximity, motion, capacitive, inductive, photoelectric, & magnetic ultrasonic sensors. They are critical for machine automation because they ensure perfect alignment of mechanical elements and provide feedback on how effectively they are performing. In line with this, the rising popularity of wireless technology, as well as the rising demand for enhanced efficiency at manufacturing plants, has expanded the application of industrial sensors. Industries are also using such sensors to promote production, monitor industrial assets, identify & diagnose equipment troubles, and improve the security of workers. Furthermore, a large-scale industrial sensor installation to measure flood or sea levels, ecological parameters, and consumption of energy is driving market growth.
• The Worldwide Industrial Sensors Industry was valued at $ 22.75 billion by 2022 and has the potential to reach over $ 48.89 billion until 2032, increasing at a CAGR of 9.31% from 2023 to 2032.
• May’22: Honeywell was awarded 11 product development recognition, including the Red Dot and if Design honours, two of the most renowned and popular award programmes in the field of product development. These product-specific awards recognise Honeywell's continued commitment to offering an outstanding user experience that enhances workplace and employee safety by demonstrating innovation, pragmatism, and design robustness.
• Increasing adoption of Industry 4.0 & IOT production integration expands throughout the manufacturing industry, the requirements of industrial sensors will continue to rise. The rising adoption of IoT across multiple industries, including manufacturing, health, and numerous others, has produced significant market demand for industrial sensors. Furthermore, the developing Industry 4.0 revolution is expected to fuel demand for the industrial sensor market. The transition is being driven by a surge in technological advancement and digitization as an outcome of the growing adoption of more efficient and cost-effective manufacturing across a wide range of industries. The greater integration of IoT & the IIoT with manufacturing has enabled manufacturers to increase efficiency, productivity, and profit. The demand towards sensing devices has grown as due to of increased industry need for higher performance.
Scope of the Industry Profile
Key Players
• ABB LTD. (Switzerland)
• Amphenol Corporation (US)
• AMS AG (Austria)
• Analog Devices, Inc. (U.S.)
• Bosch Sensortec (Germany)
• Honeywell International (US)
• Dwyer Instruments (US)
• Endress+Hauser
• Figaro Engineering Inc. (Osaka, Japan)
• First Sensor AG
• Infineon Technologies AG (Germany)
• Integrated Device Technology (United States)
• Microchip Technology (United States)
• NXP Semiconductors N.V. (Netherlands)
• Omega Engineering (Switzerland)
• Omron Corporation
• Panasonic Corporation (Japan)
• PCB Piezotronics, Inc. (United States)
• Renesas Electronics Corporation
• Rockwell Automation (US)
• Safran Colibrys SA (Switzerland)
• Sensirion AG (Switzerland)
• Siemens AG (Germany)
• STMicroelectronics International N.V. (Switzerland)
• TE Connectivity (Switzerland)
• Teledyne Technologies Incorporated (United States)
• Texas Instruments (US)
What To Expect from Industry Profile
1. Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the Industrial Sensors industry in the world.
2. Use the PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the global Industrial Sensors market.
3. Leading company profiles reveal details of key Industrial Sensors market players’ global operations, strategies, financial performance & their recent developments.
4. Add weight to presentations and pitches by understanding the future growth prospects of the Global Industrial Sensors market with forecast for decade by both market share (%) & revenue (USD Million).
Segmentation
By Type
• Contact Based
• Non-Contact Based
By Sensor Type
• Pressure Sensors
• Position Sensors
• Level Sensors
• Gas Sensors
• Temperature Sensors
• Image Sensors
• Humidity & Moisture Sensors
• Flow Sensors
• Force Sensors
By End-User
• Oil & Gas
• Pharmaceuticals
• Chemicals
• Automotive
• Manufacturing
• Mining
• Energy & Power
Recent Developments
• April’22: TE Connectivity made investments in two new businesses and acquired 17 others. The agreements valued the company almost $3.08 billion. TE Connectivity has invested in a wide range of areas, spanning industrial sensors, cardiovascular & vascular concerns, MEMS, & other segments.
• April’22: Omega Engineering's industrial controlling and measurement technologies will be sold in the US for a total of $525 million in cash by Spectris Plc along with venture capital firm Arcline Capital Management. Omega Engineers is valued at around 20.4 times its normalised profits before interests, taxes, and amortisation for 2021, according to a statement released by Spectris on Tuesday. According to the release, Arcline will unite Omega Engineering into the sensor manufacturer Dwyer Group, gained last year.
• Feb’22: VackerGlobal, a consulting engineering company, has introduced its brand-new Global Sensor range, which includes proximity sensors as well as two other sensors that aid in manufacturing automation and assess the flow of liquid and level in tanks.
• Mar’22: Rockwell Automation, the world's largest corporation committed to industrial automation & digital transformation, announced its participation at MODEX 2022 at Atlanta, Georgia. The company displayed its tried-and-true solutions with the goal to make consumers' activities smarter, connected, and productive.
Segment Insights
• During the forecast period, the non-contact industrial sensor category is expected to grow at the fastest CAGR. It is expected to expand owing to the variety of benefits that non-contact sensors have over contact devices, such as spontaneity, dependability, longevity, and performance uniformity. Furthermore, this sensors enable businesses to remotely track plant locations, improve worker and asset security, and maximise operational effectiveness. Machine vision applications are primarily driving the growth of the industrial sensor technology market. Hence, Image sensors are also expected to play an important role in emerging fields.
Regional Insights
• In light of the widespread use of the IIoT & the concepts of Industry 4.0 in factories, as well as the existence of major sensors manufactures in the region, particularly in the United States, North America is predicted to be the biggest marketplace for industrial sensors. Since the presence of major producers including Texas Instruments Corp., Rockwell Automation Group, Amphenol Corporation, and Honeywell International Inc. it is one of the most technologically proficient regions and has a substantial market for industrial sensor devices.
• The United States government is taking various initiatives towards promoting Industry 4.0 across the nation. The National Network of Manufacturing Innovation (NNMI) is one such initiative which consists of regional centres that will speed the discovery and implementation of modern manufacturing methods for the production of novel and highly competitive products.
1 INTRODUCTION
1.1 Study Objectives
1.2 Market Definitions
1.2.1 Inclusions & Exclusions
1.2.2 Region: Inclusions & Exclusions
1.2.3 Study Scope
1.2.3.1 Markets Covered
1.2.3.2 Regional Scope
1.2.3.3 Years Considered
1.2.4 Currency Considered
1.2.5 Limitations
1.2.6 Summary Of Report (Chapter Wise Summary)
2 RESEARCH METHODOLOGY
2.1 Research Data
2.1.1 Secondary & Primary Research
2.1.2 Secondary Data
2.1.2.1 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Sources
2.2 Market Breakdown & Data Triangulation
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 EXECUTIVE SUMMARY
4 ACROSS THE GLOBE
4.1 Upcoming Attractive Market Opportunities
4.2 Country Wise Market Growth
4.3 Segment Wise Market Growth
5 MARKET OVERVIEW
5.1 Market Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 PORTOR’S Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Market Premium insights (Enterprise license)
5.4.1 Case Study Analysis
5.4.2 Country Wise Import & Export Data (If
Applicable)
5.4.3 Regulatory Bodies & Authorization
Across the Globe
5.4.4 Key Conferences & Events: 2022 &
2023
5.4.5 Top Patents for The Market: 2022
6 INDUSTRIAL SENSORS MARKET OVERVIEW,
BY TYPE
6.1 Global Market Revenue & Share Analysis, By Type
6.1.1 Contact Based
6.1.2 Non-Contact Based
6.2 Global Market Revenue & Share Analysis, 2018 – 2022
6.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
6.4 Key Takeaways
7 INDUSTRIAL SENSORS MARKET OVERVIEW,
BY SENSOR TYPE
7.1 Global Market Revenue & Share Analysis, By Sensor Type
7.1.1 Pressure Sensors
7.1.2 Position Sensors
7.1.3 Level Sensors
7.1.4 Gas Sensors
7.1.5 Temperature Sensors
7.1.6 Image Sensors
7.1.7 Humidity & Moisture Sensors
7.1.8 Flow Sensors
7.1.9 Force Sensors
7.2 Global Market Revenue & Share Analysis, 2018 – 2022
7.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
7.4 Key Takeaways
8 INDUSTRIAL SENSORS MARKET OVERVIEW,
BY END-USER
8.1 Global Market Revenue & Share Analysis, By End-User
8.1.1 Oil & Gas
8.1.2 Pharmaceuticals
8.1.3 Chemicals
8.1.4 Automotive
8.1.5 Manufacturing
8.1.6 Mining
8.1.7 Energy & Power
8.1.8 Other End Users
8.2 Global Market Revenue & Share Analysis, 2018 – 2022
8.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
8.4 Key Takeaways
9 INDUSTRIAL SENSORS MARKET OVERVIEW,
BY REGION
9.1 Global Market Revenue & Share Analysis, By Region
9.1.1 North America
9.1.2 Europe
9.1.3 Asia Pacific
9.1.4 Middle East & Africa
9.1.5 South America
9.2 Global Market Revenue & Share Analysis, 2018 – 2022
9.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
9.4 Key Takeaways
10 NORTH AMERICA MARKET
ANALYSIS
10.1 North America Market Revenue & Share Analysis, By Type
10.2 North America Market Revenue & Share Analysis, By Sensor
Type
10.3 North America Market Revenue & Share Analysis, By End-User
10.4 North America Market Revenue & Share Analysis, By Country
10.4.1 US
10.4.2 Canada
10.4.3 Mexico
10.5 Key Takeaways
11 EUROPE MARKET ANALYSIS
11.1 Europe Market Revenue & Share Analysis, By Type
11.2 Europe Market Revenue & Share Analysis, By Sensor Type
11.3 Europe Market Revenue & Share Analysis, By End-User
11.4 Europe Market Revenue & Share Analysis, By Country
11.4.1 UK
11.4.2 Italy
11.4.3 Spain
11.4.4 Germany
11.4.5 France
11.4.6 Rest of Europe
11.5 Key Takeaways
12 ASIA PACIFIC MARKET ANALYSIS
12.1 APAC Market Revenue & Share Analysis, By Type
12.2 APAC Market Revenue & Share Analysis, By Sensor Type
12.3 APAC Market Revenue & Share Analysis, By End-User
12.4 APAC Market Revenue & Share Analysis, By Country
12.4.1 China
12.4.2 Japan
12.4.3 India
12.4.4 South Korea
12.4.5 Rest of APAC
12.5 Key Takeaways
13 MIDDLE EAST & AFRICA MARKET
ANALYSIS
13.1 MEA Market Revenue & Share Analysis, By Type
13.2 MEA Market Revenue & Share Analysis, By Sensor Type
13.3 MEA Market Revenue & Share Analysis, By End-User
13.4 MEA Market Revenue & Share Analysis, By Country
13.4.1 GCC
13.4.2 South Africa
13.4.3 Rest of MEA
13.5 Key Takeaways
14 SOUTH AMERICA MARKET ANALYSIS
14.1 SA Market Revenue & Share Analysis, By Type
14.2 SA Market Revenue & Share Analysis, By Sensor Type
14.3 SA Market Revenue & Share Analysis, By End-User
14.4 SA Market Revenue & Share Analysis, By Country
14.4.1 Brazil
14.4.2 Argentina
14.4.3 Rest of SA
14.5 Key Takeaways
15 COMPETITIVE SCENARIO
15.1 Overview
15.2 Key Players Market Share Analysis
15.3 Recent Developments & Product Launches
15.4 Mergers & Acquisitions
15.5 Partnerships, Agreements & Collaborations
16 COMPANY PROFILES
16.1 Overview
16.2 Key players
16.2.1 ABB LTD. (Switzerland)
16.2.1.1 Business Overview
16.2.1.2 Products Offered
16.2.1.3 Financial Insights
16.2.1.4 Strategic Developments
16.2.1.4.1 New Product Launches
16.2.1.4.2 Agreements & Collaborations
16.2.1.5 Business Aspects (NOISE Analysis)
16.2.1.5.1 Key Strengths
16.2.1.5.2 Opportunities
16.2.1.5.3 Weaknesses & Competitive Threats
16.2.1.5.4 Needs & Improvements
16.2.2 Amphenol Corporation (US)
16.2.3 AMS AG (Austria)
16.2.4 Analog Devices, Inc. (U.S.)
16.2.5 Bosch Sensortec (Germany)
16.2.6 Honeywell International (US)
16.2.7 Dwyer Instruments (US)
16.2.8 Endress+Hauser
16.2.9 Figaro Engineering Inc. (Osaka, Japan)
16.2.10 First Sensor AG
17 DISCLAIMER
18 APPENDIX
