Industrial Sensors Market by Type (Contact Sensors, Non-Contact Sensors), Sensor Type, End User, and Geography - Global Industry Analysis, Opportunities and Forecast up to 2030

Industrial Sensors Market by Type (Contact Sensors, Non-Contact Sensors), Sensor Type, End User, and Geography - Global Industry Analysis, Opportunities and Forecast up to 2030

Industrial Sensors Market Size

The global industrial sensors market size was valued at $27.36 billion in 2024 and is projected to reach $45.89 billion by 2030, growing at a CAGR of 9.0% during the forecast period.

Industrial Sensors Market Overview

Industrial sensors are devices used in various industries to detect and measure physical quantities such as temperature, pressure, humidity, flow, and level. They play a crucial role in monitoring and controlling industrial processes, ensuring efficiency, safety, and quality. These sensors gather data from the environment or machinery and convert it into electrical signals that can be interpreted by control systems or humans. Industrial sensors come in different types and designs depending on the specific application, ranging from simple switches to complex electronic devices. They are essential for automation, predictive maintenance.

Industrial Sensors Market Dynamics

• The industrial sensors market is expected to witness significant growth in the future due to the increasing adoption of automation in industries, growing demand for predictive maintenance solutions, and emphasis on improving efficiency and productivity in manufacturing processes
• Additionally, the technological advancements leading to enhanced sensor capabilities, stringent regulatory requirements regarding workplace safety, and rising demand for Internet of Things (IoT) enabled sensors are the prominent factors driving the growth of the industrial sensors market.
• However, the high initial investment and installation costs and compatibility issues with existing systems are restraining the market growth.
• On the contrary, the expansion of industrial infrastructure in emerging economies, integration of artificial intelligence and machine learning in sensor technology, and development of wireless and miniaturized sensor solutions are creating opportunities for market growth.

By Sensor Type, the Level Sensors Segment Emerged as the Dominant Segment

The level sensors segment emerged as the leading segment during the forecast period due to their expanding usage in various industries. Level sensors help monitor and control the levels of liquids, solids, or granular materials in tanks, silos, and other storage containers. Industries such as manufacturing, food and beverage, pharmaceuticals, and water treatment rely on these sensors to ensure accurate inventory management, prevent overflows or shortages, and maintain efficient production processes. Additionally, level sensors play a vital role in ensuring environmental safety and compliance with regulations by detecting leaks or spills and preventing environmental contamination. With the increasing automation and digitalization of industrial processes, the demand for reliable and precise level sensors continues to grow. These sensors help streamline operations, improve productivity, and reduce downtime, making them indispensable components in modern industrial settings.

By Geography, Asia Pacific is Projected to Show Strong Presence in the Global Market

Asia Pacific is anticipated to exhibit a robust presence in the global market due to the rapid industrialization and the presence of small and medium-sized enterprises (SMEs). This growth is expected to propel the market forward. Notably, countries such as China, India, Japan, and South Korea have seen a substantial surge in their manufacturing sectors, creating a substantial demand for various sensors such as gas sensors, position sensors, and temperature sensors. These sensors play a critical role in transforming and enhancing manufacturing facilities across the region.

Key Target Audience:

• Manufacturers of Industrial Sensors
• Industrial Automation Companies
• Engineering Firms
• End-Users
• Research and Development Organizations

List of the Key Players Profiled in the Report Includes:

• Rockwell Automation
• Texas Instruments
• Infineon Technologies AG
• NXP Semiconductors N.V.
• N.V. TE Connectivity Ltd.
• Bosch Sensortec
• Dwyer Instruments Ltd.
• Siemens AG
• Teledyne Technologies Incorporated
• Amphenol Corporation
• Panasonic
• STMicroelectronics

Recent Developments:

• In August 2023, Texas Instruments (TI) has unveiled new current sensors aimed at simplifying engineers' designs while enhancing accuracy. The TMCS1123 Hall-effect current sensor brings design simplicity and precision to high-voltage systems, boasting the industry's highest reinforced isolation and unmatched accuracy over its lifetime and across varying temperatures.
• In April 2023, Siemens introduced innovative sensor bushing, protection, and indication devices. The launch includes SIBushing, a smart and intelligent cable connection bushing, along with SICAM FCM plus, a short circuit and earth fault indicator. Additionally, the portfolio is expanded with the SIPROTEC 5 series featuring the 7SY82 universal protection device equipped with Low Power Instrument Transformer (LPIT) inputs. Engineered with sustainability in mind, these new additions offer an intelligent solution for the future of switchgear.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Sensor Type:

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

Market by, Type:

• Contact Sensors
• Non-Contact Sensors

Market by, End User:

• Manufacturing
• Oil & Gas
• Chemicals
• Pharmaceuticals
• Energy & Power
• Mining

Market by, Geography:

The industrial sensors market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:

• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis

Scope of the Report:

The report “Global Industrial Sensors Market: Industry Analysis, Opportunities and Forecast up to 2030” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2022, 2023 and offers revenue estimations for 2024, and project forecasts spanning from 2025 to 2030. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

The report offers insights into the following aspects:

• Analysis of major market trends, factors driving, restraining, threatening, and providing opportunities for the market.
• Analysis of the market structure by identifying various segments and sub-segments of the market.
• Understand the revenue forecast of the market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
• Analysis of opportunities by identification of high-growth segments/revenue pockets in the market.
• Understand major player profiles in the market and analyze their business strategies.
• Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the market.