Global Machine Sensor Market Size study & Forecast, by Type (Temperature Sensor, Pressure Sensor, Position Sensor, Proximity Sensor, Force and Torque Sensor, Others), by End User Industry (Manufacturing, Oil and Gas, Automotive, Aerospace, Healthcare, Oth

Global Machine Sensor Market Size study & Forecast, by Type (Temperature Sensor, Pressure Sensor, Position Sensor, Proximity Sensor, Force and Torque Sensor, Others), by End User Industry (Manufacturing, Oil and Gas, Automotive, Aerospace, Healthcare, Others), and Regional Analysis, 2023-2030

Global Machine Sensor Market is valued at approximately USD 16.5 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 8.2% over the forecast period 2023-2030. The machine sensor market refers to the industry segment that encompasses the production, distribution, and utilization of sensors specifically designed for machines and automated systems. These sensors are utilized to monitor and detect various physical parameters such as temperature, pressure, motion, proximity, and other relevant factors, providing essential data for controlling and optimizing the performance of machines and processes. The machine sensor market is being driven by factors such as rising investment in industrial automation and proliferation of IoT devices

The automation system can then analyze the sensor data, identify patterns or anomalies, and trigger appropriate actions such as adjusting machine settings or initiating maintenance tasks. By utilizing machine sensors industries and automation manufacturing can boost their output. The Global private investment in industrial automation is rising. For instance, on June 2023, Siemens Announces USD 219.74 Million Industrial Automation Investment in Singapore. Similarly, on March 2023, Schneider Electric investing USD 43.95 million in new smart factory in Hungary. Thus, rising investment in industrial automation is fueling the growth of the market for machine sensors. In addition, the development of smart sensors and the growing focus on sustainability create lucrative opportunities for the market. However, the high cost of machine sensors hinders the growth of the market over the forecasted period 2023-2030.

The key regions considered for the Global Machine Sensor Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the presence of several established machine sensor solution providers in region. These companies have invested heavily in R&D and have developed advanced machine sensor systems that cater to the specific needs of various industries. Asia Pacific is considered the fastest growing region during the forecasted period due to emerging economies and the increasing disposable income which develop the demand for consumer electronics and smart devices which are heavily relay on machine sensors.

Major market player included in this report are:
Baumer Holding AG
KYOCERA AVX Components (Werne) GmbH
TE Connectivity Ltd.
Tekscan, Inc.
Sensata Technologies, Inc.
ATI Industrial Automation Inc.
OMRON Corporation
FUTEK Advanced Sensor Technology, Inc.
Honeywell International Inc.
Infineon Technologies AG

Recent Developments in the Market:
In May 2023, OMRON recently unveiled an exciting strategic partnership with LAMBDA Automation. This collaboration aims to leverage OMRON's cutting-edge products and technology to drive the development of innovative industrial automation solutions. By working closely with OMRON as a Strategic Partner, LAMBDA Automation is expected to meet specific demands of End Users in key markets such as Food and Commodities, Pharma, Automotive, and Warehousing and Logistics. This partnership aims to promote rapid innovation and enable OMRON's advanced automation solutions to effectively meet the distinctive challenges and specific requirements of these industries.

Global Machine Sensor Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Type, End User Industry, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type:
Temperature Sensor
Pressure Sensor
Position Sensor
Proximity Sensor
Force and Torque Sensor
Others

By End User Industry:
Manufacturing
Oil and Gas
Automotive
Aerospace
Healthcare
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies
Baumer Holding AG
KYOCERA AVX Components (Werne) GmbH
TE Connectivity Ltd.
Tekscan, Inc.
Sensata Technologies, Inc.
ATI Industrial Automation Inc.
OMRON Corporation
FUTEK Advanced Sensor Technology, Inc.
Honeywell International Inc.
Infineon Technologies AG

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