Industrial Sensors Market Size, Share, And Growth Report 2032

Industrial Sensors Market: Size

The global Industrial Sensors Market size was worth around USD 26.83 billion in 2023 and is predicted to grow to around USD 46.49 billion by 2032 with a compound annual growth rate (CAGR) of roughly 6.3% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the Industrial Sensors Market on a global and regional level.

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Industrial Sensors Market: Overview

Industrial sensors play a vital role in various end-user industries, as aid one to analyze, measure, process, and detect a wide range of changes, such as length, position, exterior, height, temperature, pressure, and dislocation, happening in and around the industrial manufacturing locations.

The global industrial sensors market is likely to experience significant growth over the upcoming years, owing to rising demand for industrial sensors by the growing Industrial 4.0 and industrial internet of things (IIoT) and growing awareness about industrial sensors measures among all end-user industries. The increasing use of wireless sensors and rising demand for industrial robots are expected to further propel the industrial sensors market in the upcoming years. Rapid industrialization and execution of industrial sensors measures by numerous governments are also expected to drive the industrial sensors market globally in the years to come. However, the huge initial investments for the installation of industrial sensors systems may limit the global industrial sensors market development. Alternatively, the rise in the acceptance of workplace safety standards, especially in emerging countries, is likely to create new growth opportunities for the major market players.

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Industrial Sensors Market: Segmentation

The study provides a crucial view of the industrial sensors market by segmenting it based on sensor type, positional type, end-use industry, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032

By sensor type, the industrial sensors market is categorized into humidity and moisture sensor, image sensor, pressure sensor, gas sensor, force sensor, position sensor, flow sensor, temperature sensor, and level sensor. Pressure sensors are anticipated to be the fastest-growing segment in the industrial sensors market in the future.

Based on positional type, the market for industrial sensors includes contact and non-contact types. The non-contact type segment was the fastest growing in the global market and accounted for a significant share in 2023.

The end-use industry segment of the industrial sensors market comprises mining, pharmaceuticals, oil and gas, chemicals, water and wastewater, manufacturing, power generation, and others. In 2023, the power generation segment dominated the industrial sensors market globally.

Industrial Sensors Market: Report Scope

Industrial Sensors Market: Regional Analysis

The regional classification includes Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.

In 2023, Europe was the largest for industrial sensors market globally, due to the stringent regulatory standards and safety directives across the region. The Asia Pacific industrial sensors market is anticipated to be the fastest-growing region over the next few years, owing to the swift urbanization and rapid industrialization across the region.

Industrial Sensors Market: Competitive Players

Some major players of the global industrial sensors market are:

• Honeywell
• Rockwell Automation
• Panasonic
• Texas Instruments
• First Sensor
• STMicroelectronics
• Amphenol Corporation
• Siemens
• Bosch Sensortec
• Integrated Device Technology
• TE Connectivity
• Safran Colibrys
• Sensirion
• Omega Engineering
• Microchip
• AMS
• Endress+Hauser Management
• NXP Semiconductors
• Figaro Engineering
• Teledyne Technologies

The Global Industrial Sensors Market is segmented as follows:

Global Industrial Sensors Market: Product Analysis

• Image Sensor
• Level Sensor
• Pressure Sensor
• Gas Sensor
• Temperature Sensor
• Position Sensor
• Force Sensor
• Flow Sensor
• Humidity and Moisture Sensor

Global Industrial Sensors Market: Positional Type Analysis

• Contact
• Non-Contact

Global Industrial Sensors Market: End-Use Industry Analysis

• Oil and Gas
• Manufacturing
• Water and Wastewater
• Pharmaceuticals
• Power Generation
• Chemicals
• Mining
• Others

Global Industrial Sensors Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa