Industrial Sensors Market by Type (Contact, Noncontact), Sensor (Flow Sensor, Force Sensor, Image Sensor), Technology, End-Use Industry - Global Forecast 2024-2030

Industrial Sensors Market by Type (Contact, Noncontact), Sensor (Flow Sensor, Force Sensor, Image Sensor), Technology, End-Use Industry - Global Forecast 2024-2030

The Industrial Sensors Market size was estimated at USD 25.26 billion in 2023 and expected to reach USD 27.93 billion in 2024, at a CAGR 10.64% to reach USD 51.28 billion by 2030.

Industrial sensors are devices designed to detect, measure, and transmit data about specific physical properties within industrial environments. These properties may include temperature, pressure, level, flow, force, and displacement. Sensors are integral components in the monitoring and control systems of various industries, aiding in the automation process and ensuring the safety, efficiency, and quality of production. The growing adoption of Industry 4.0 practices, which depends heavily on data collection and analysis for improved efficiency, advances in Internet of Things (IoT) integration allow for real-time monitoring and predictive maintenance and regulatory pressures for better safety measures and environmental regulations enforce the use of sensors to comply with strict standards in the industries. However, integrating new sensors with existing systems and ensuring compatibility can be complex, impeding market growth. Nevertheless, the push for energy-efficient solutions and wireless sensor network technology expansion is expected to present opportunities for innovating more flexible and scalable sensor deployments across various industrial sectors.

Regional Insights

In the Americas, the market for industrial sensors is driven by technological advancements, an increase in the adoption of smart manufacturing, and the Industrial Internet of Things (IIoT). As a result, sensor manufacturers in the U.S. are investing heavily in research and development. Furthermore, an emphasis on energy-efficient and innovative sensor technologies due to environmental concerns and governmental regulations with strategic partnerships are also shaping the competitive landscape for industrial sensors. The Asia Pacific region is witnessing rapid growth in the industrial sensors market due to large-scale industrialization, urbanization, and the rise in manufacturing activities. Furthermore, the industrial sensor market is booming in the Asia Pacific due to the local and international investment in the electronics, automotive, and textile industries. In addition, technological innovation and precision engineering, with an established semiconductor industry, play a vital role in the sensor market. Within the EU countries, advancements in manufacturing and automation, driven by Industry 4.0, are creating robust demand for industrial sensors. On the other hand, the Middle East, with its wealth in oil and gas operations, prioritizes rugged and reliable sensors capable of withstanding extreme environments. The region is also seeing growth in construction and infrastructure, spurring demand in related sectors. With its emerging markets and developmental focus, Africa presents a diverse landscape. While the demand for industrial sensors is increasing, it is also marked by a need for affordable and adaptable solutions due to heterogeneous market conditions across African countries.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Industrial Sensors Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Increasing adoption of Industry 4.0 practices and IIoT in manufacturing
Regulatory pressures for better safety measures and environmental regulations
Rising emphasis on the use of remote monitoring and predictive maintenance

Market Restraints

High upfront cost of advanced sensor systems

Market Opportunities

Ongoing research on incorporating AI and machine learning with sensors and miniaturization of sensors
Expansion of wireless sensor network technology

Market Challenges

Complexity involved in integrating new sensors with existing systems

Market Segmentation Analysis

Type: Burgeoning adoption of noncontact sensors to offer higher precision and speed
Sensor: Increasing utilization of level sensors in wide industrial application
Technology: Proliferating use of CMOS Technology owing to its low power consumption ability
End-Use Industry: Evolving application of industrial sensors in chemical industries

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Industrial Sensors Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Industrial Sensors Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

ABB Acquires Optical Sensor Company

ABB announced the acquisition of Real Tech Inc., a pioneering Canadian firm specializing in sophisticated optical sensor technology that revolutionizes real-time water quality monitoring. This strategic move significantly bolsters ABB's footprint in the water industry, enriching its product offerings with state-of-the-art optical sensors essential for intelligent water management systems.

TDK Invests in 2X Increased Production Capacity for TMR Magnetic Sensors

TDK Corporation strategically positioned itself for growth by doubling its TMR magnetic sensor production output at the Saku-based TDK Asama Techno Factory. This adaptive measure, commencing in the first half of 2025, is a direct response to the surging demands in the automotive sector for high-precision, reliable, and efficient sensors - essential for applications including electric power steering and battery monitoring systems.

New Humidity Sensor for Challenging Industrial Applications

Sensirion introduced the SHT40I-Analog, a humidity and temperature sensor tailored for the stringent demands of industrial environments, particularly where high system noise complicates the deployment of digital sensors. The SHT40I-Analog is a robust and precise solution, perfect for industrial manufacturers who demand reliable humidity sensing in their equipment.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Industrial Sensors Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Industrial Sensors Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Amphenol Corporation, Ams AG, Baumer Holding AG, Bosch Sensortec GmbH, Contrinex AG, FANUC Corporation, Figaro Engineering, Inc., Honeywell International Inc., Infineon Technologies AG, Kuka AG, Microchip Technology Inc., Mitsubishi Electric Corporation, Novanta Inc., Omron Corporation, Panasonic Corporation, Qualcomm Technologies, Inc., Renesas Electronics Corporation, Rockwell Automation, Inc., Seiko Epson Corporation, Siemens AG, Sony Corporation, STMicroelectronics N.V., TE Connectivity Ltd., and Tekscan, Inc..

Market Segmentation & Coverage

This research report categorizes the Industrial Sensors Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
Contact
Noncontact
Sensor
Flow Sensor
Force Sensor
Image Sensor
Level Sensor
Position Sensors
Angular Position Sensor
Linear Position Sensor
Pressure Sensor
Temperature Sensor
Technology
Application-Specific Integrated Circuit
CMOS Technology
Hybrid Sensor
IC-Compatible 3D Microstructuring
Major Packaging
System-in-package
System-on-chip
MEMS Technology
Microsystems Technology
Optical Spectroscopy
End-Use Industry
Automotive
Chemical
Construction
Food Processing
Metal & Mining
Power Generation
Pulp & Paper
Textile
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year