Industrial Sensors Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Industrial sensors Market
The industrial sensors market size was valued at USD 19.28 billion in 2019, and the market is now projected to grow to USD 44.94 billion by 2032, exhibiting a CAGR of 6.2% during the forecast period of 2020-2027.
Sensor industry is adversely affected by the coronavirus pandemic and the production and sale of sensors have reduced sharply. Several industries such as manufacturing industries, industrial automation and electronics industries among others have been affected mainly because there were or still are shutdowns of production units, limited staffing, disruptions of supply of the raw materials among others. According to the AMA Association for Sensors and Measurement, conventional sensor and measuring technology revenue in Germany slumped slightly in the first quarter of 2020 and declined by about 8% in the second quarter. However, the overall industrial sensors market has been noticeably slow in the past few years because of the COVID-19 pandemic breakout; yet, it is anticipated that the growth rate of the industrial sensors market will slowly come back in the post COVID-19 world. The governments of different emerging economies are offering funds to industries for enhancing mechanization the industrial sensors market growth steady during the pandemic.
Wireless connectivity remains the most common feature of sensors used in the industrial setting. The wireless battery-operated sensors and nodes installed in the manufacturing facilities can multiply to hundreds of sensing points for a single facility. They effectively reduce or completely do away with the need for professionals or skilled people in the management of processes. The management of sensory information together with the conduction of preventive and prognostic maintenance of the physical asset is the only task of the sensing technology that is used in process plants. In the process industry, industrial sensors are employed to detect and measure properties germane to the safety, health and security of its equipment. Therefore, these discussed factors are main enablers for the expansion of industrial sensors market share.
They found that with Industrial 4.0 solutions now implemented on the factory floor, controlling and automation system is widely used with aims to improve productivity, efficiency and profitability. The industry 4.0 has made it compulsory for firms to embrace technologies like sensors, connected devices and other complex software like MES etc. A combination of IoT with local computation has helped make normal sensors into smart sensors. This has increased the ability of sensors; to be able to calculate the data they measure within the sensor module.
Comprehensive Analysis of Industrial sensors Market
The industrial sensors market is responding quite an unprecedented rate of growth because of its market segmentation. This indicators growth in different regions by substituting the major forces of supply and demand which define the shape of local pharmacy benefit management market. Therefore, they are logically divided into 2 Segments, By Type Analysis and By End Use Industry Analysis. Based on the type, the industrial sensors market has been split into temperature sensor, proximity sensor, pressure sensor, position sensor, motion sensor, level sensor, gas and chemical sensor, humidity sensor, flow sensor, and others. The pressure sensor segment is the largest due to the broad application of the pressure sensors in the liquid pressure applications, inspection, production control and monitoring of vacuum pumps, overall packaging, among other uses. Yet, the gas and chemical sensor segment is likely to have the highest growth rate during the forecasting period because such sensors can detect leakage of any type of gas in a wide range of applications starting from flammable gases in manufacturing units, to ethanol in breathalysers. From the choice of the end use industry, the market has been classified into the discrete industry and process industry. The discrete industry segment has the largest justifiable market share due to the growth in the car and electronics market worldwide.
The market size in Asia Pacific had a considerable presence in the global market. The region controls the market share due to the increasing industrialization of a country like India, China, and Vietnam. The rising significance of industry four, more foreign investment, and growing number of manufacturing unit in this region are some of the factors that will drive the market in near future. Besides this, Asia Pacific possesses the largest number of semiconductor manufacturing plants.
ABB Ltd (Switzerland), Amphenol Corporation (U.S.), Ams AG (Austria), Analog Devices, Inc. (U.S.), Bosch Sensortec (Germany), Figaro Engineering Inc. (Japan), First Sensor (Germany), Honeywell International (U.S.), Integrated Device Technology (U.S.), Microchip (U.S.), NXP Semiconductors (Netherlands), Omega Engineering (Switzerland), Panasonic (Japan), PCB Piezotronics, Inc. (U.S.), Rockwell Automation (U.S.), Safran Colibrys SA (Switzerland), Sensirion (Switzerland), Siemens (Germany), STMicroelectronics (Switzerland), TE Connectivity (Switzerland), Teledyne Technologies Incorporated (U.S.) and Texas Instruments (U.S.) are significant players in the Semiconductor & Electronics market. They are the key player that ensures the industry's success while still having to keep pace with their innovation in product and services. They offer a competitive zone that incites the growth of technologies and quality assurance. They operate on a global scale and have a wide range of product lines ensuring that the market players compete on a fair playing field bringing in innovations that result in the market's evolution.
For creating back-lit sensing surfaces, in June 2020, STMicroelectronics introduced a capacitive touch sensor dubbed QST108, which would enable companies eliminate vast chunks of touch-panel expenses and develop modern-looking interfaces.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016–2027
Base Year 2019
Forecast Period 2020–2027
Historical Period 2016– 2018
Unit Value (USD billion)
Segmentation Type; End Use Industry and Region
By Type
Temperature Sensor
Proximity Sensor
Pressure Sensor
Position Sensor
Motion Sensor
Level Sensor
Gas and Chemical Sensor
Humidity Sensor
Flow Sensor
Others
By End Use Industry
Discrete
Automotive
Electronics
Consumer Goods
Aerospace and Defense
Others
Process
Oil and Gas
Energy and Power
Chemical
Mining
Pharmaceutical
Food and Beverages
Others
By Region
North America
The US
By Type
Canada
By Type
Mexico
By Type
South America
Brazil
By Type
Argentina
By Type
Rest of South America
Europe
The UK
By Type
Germany
By Type
France
By Type
Italy
By Type
Spain
By Type
Russia
By Type
Benelux
By Type
Nordics
By Type
Rest of Europe
The Middle East and Africa
Turkey
By Type
Israel
By Type
GCC
By Type
North Africa
By Type
South Africa
By Type
Rest of the MEA
Asia Pacific
China
By Type
Japan
By Type
India
By Type
South Korea
By Type
ASEAN
By Type
Oceania
By Type
Rest of APAC
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Key Takeaways
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19
- 3.3.1. Short-term Impact
- 3.3.2. Long-term Impact
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. PESTLE Analysis
- 4.4. Porter’s Five Force Analysis
- 4.5. Supply chain Analysis
- 5. Global Industrial Sensors Key Players Market Share Insights and Analysis, 2019
- 6. Key Market Insights and Strategic Recommendations
- 7. Primary Interviewee’s Key Responses
- 8. Companies Profiled (Covered for key 10 players only)
- 8.1. Overview
- 8.1.1. Key Management
- 8.1.2. Headquarters etc
- 8.2. Offerings/Business Segments
- 8.3. Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
- 8.3.1. Employee Size
- 8.3.2. Key Financials
- 8.3.2.1. Past and Current Revenue
- 8.3.2.2. Gross Margin
- 8.3.2.3. Geographical Share
- 8.3.2.4. Business Segment Share
- 8.4. Recent Developments
- 9. Annexure / Appendix
- 9.1. Global Industrial Sensors Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- 9.1.1. By Type (Value)
- 9.1.1.1. Temperature Sensor
- 9.1.1.2. Proximity Sensor
- 9.1.1.3. Pressure Sensor
- 9.1.1.4. Position Sensor
- 9.1.1.5. Motion Sensor
- 9.1.1.6. Level Sensor
- 9.1.1.7. Gas and Chemical Sensor
- 9.1.1.8. Humidity Sensor
- 9.1.1.9. Flow Sensor
- 9.1.1.10. Others
- 9.1.2. By End Use Industry (Value)
- 9.1.2.1. Discrete
- 9.1.2.1.1. Automotive
- 9.1.2.1.2. Electronics
- 9.1.2.1.3. Consumer Goods
- 9.1.2.1.4. Aerospace and Defence
- 9.1.2.1.5. Others
- 9.1.2.2. Process
- 9.1.2.2.1. Oil and Gas
- 9.1.2.2.2. Energy and Power
- 9.1.2.2.3. Chemical
- 9.1.2.2.4. Mining
- 9.1.2.2.5. Pharmaceutical
- 9.1.2.2.6. Food and Beverages
- 9.1.2.2.7. Others
- 9.1.3. By Region (Value)
- 9.1.3.1. North America
- 9.1.3.2. South America
- 9.1.3.3. Europe
- 9.1.3.4. Middle East & Africa
- 9.1.3.5. Asia Pacific
- 9.2. North America Industrial Sensors Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- 9.2.1. By Type (Value)
- 9.2.1.1. Temperature Sensor
- 9.2.1.2. Proximity Sensor
- 9.2.1.3. Pressure Sensor
- 9.2.1.4. Position Sensor
- 9.2.1.5. Motion Sensor
- 9.2.1.6. Level Sensor
- 9.2.1.7. Gas and Chemical Sensor
- 9.2.1.8. Humidity Sensor
- 9.2.1.9. Flow Sensor
- 9.2.1.10. Others
- 9.2.2. By End Use Industry (Value)
- 9.2.2.1. Discrete
- 9.2.2.1.1. Automotive
- 9.2.2.1.2. Electronics
- 9.2.2.1.3. Consumer Goods
- 9.2.2.1.4. Aerospace and Defence
- 9.2.2.1.5. Others
- 9.2.2.2. Process
- 9.2.2.2.1. Oil and Gas
- 9.2.2.2.2. Energy and Power
- 9.2.2.2.3. Chemical
- 9.2.2.2.4. Mining
- 9.2.2.2.5. Pharmaceutical
- 9.2.2.2.6. Food and Beverages
- 9.2.2.2.7. Others
- 9.2.3. By Country (Value)
- 9.2.3.1. United States
- 9.2.3.1.1. By Type
- 9.2.3.2. Canada
- 9.2.3.2.1. By Type
- 9.2.3.3. Mexico
- 9.2.3.3.1. By Type
- 9.3. South America Industrial Sensors Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- 9.3.1. By Type (Value)
- 9.3.1.1. Temperature Sensor
- 9.3.1.2. Proximity Sensor
- 9.3.1.3. Pressure Sensor
- 9.3.1.4. Position Sensor
- 9.3.1.5. Motion Sensor
- 9.3.1.6. Level Sensor
- 9.3.1.7. Gas and Chemical Sensor
- 9.3.1.8. Humidity Sensor
- 9.3.1.9. Flow Sensor
- 9.3.1.10. Others
- 9.3.2. By End Use Industry (Value)
- 9.3.2.1. Discrete
- 9.3.2.1.1. Automotive
- 9.3.2.1.2. Electronics
- 9.3.2.1.3. Consumer Goods
- 9.3.2.1.4. Aerospace and Defence
- 9.3.2.1.5. Others
- 9.3.2.2. Process
- 9.3.2.2.1. Oil and Gas
- 9.3.2.2.2. Energy and Power
- 9.3.2.2.3. Chemical
- 9.3.2.2.4. Mining
- 9.3.2.2.5. Pharmaceutical
- 9.3.2.2.6. Food and Beverages
- 9.3.2.2.7. Others
- 9.3.3. By Country (Value)
- 9.3.3.1. Brazil
- 9.3.3.1.1. By Type
- 9.3.3.2. Argentina
- 9.3.3.2.1. By Type
- 9.3.3.3. Rest of South America
- 9.4. Europe Industrial Sensors Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- 9.4.1. By Type (Value)
- 9.4.1.1. Temperature Sensor
- 9.4.1.2. Proximity Sensor
- 9.4.1.3. Pressure Sensor
- 9.4.1.4. Position Sensor
- 9.4.1.5. Motion Sensor
- 9.4.1.6. Level Sensor
- 9.4.1.7. Gas and Chemical Sensor
- 9.4.1.8. Humidity Sensor
- 9.4.1.9. Flow Sensor
- 9.4.1.10. Others
- 9.4.2. By End Use Industry (Value)
- 9.4.2.1. Discrete
- 9.4.2.1.1. Automotive
- 9.4.2.1.2. Electronics
- 9.4.2.1.3. Consumer Goods
- 9.4.2.1.4. Aerospace and Defence
- 9.4.2.1.5. Others
- 9.4.2.2. Process
- 9.4.2.2.1. Oil and Gas
- 9.4.2.2.2. Energy and Power
- 9.4.2.2.3. Chemical
- 9.4.2.2.4. Mining
- 9.4.2.2.5. Pharmaceutical
- 9.4.2.2.6. Food and Beverages
- 9.4.2.2.7. Others
- 9.4.3. By Country (Value)
- 9.4.3.1. United Kingdom
- 9.4.3.1.1. By Type
- 9.4.3.2. Germany
- 9.4.3.2.1. By Type
- 9.4.3.3. France
- 9.4.3.3.1. By Type
- 9.4.3.4. Italy
- 9.4.3.4.1. By Type
- 9.4.3.5. Spain
- 9.4.3.5.1. By Type
- 9.4.3.6. Russia
- 9.4.3.6.1. By Type
- 9.4.3.7. Benelux
- 9.4.3.7.1. By Type
- 9.4.3.8. Nordics
- 9.4.3.8.1. By Type
- 9.4.3.9. Rest of Europe
- 9.5. Middle East & Africa Industrial Sensors Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- 9.5.1. By Type (Value)
- 9.5.1.1. Temperature Sensor
- 9.5.1.2. Proximity Sensor
- 9.5.1.3. Pressure Sensor
- 9.5.1.4. Position Sensor
- 9.5.1.5. Motion Sensor
- 9.5.1.6. Level Sensor
- 9.5.1.7. Gas and Chemical Sensor
- 9.5.1.8. Humidity Sensor
- 9.5.1.9. Flow Sensor
- 9.5.1.10. Others
- 9.5.2. By End Use Industry (Value)
- 9.5.2.1. Discrete
- 9.5.2.1.1. Automotive
- 9.5.2.1.2. Electronics
- 9.5.2.1.3. Consumer Goods
- 9.5.2.1.4. Aerospace and Defence
- 9.5.2.1.5. Others
- 9.5.2.2. Process
- 9.5.2.2.1. Oil and Gas
- 9.5.2.2.2. Energy and Power
- 9.5.2.2.3. Chemical
- 9.5.2.2.4. Mining
- 9.5.2.2.5. Pharmaceutical
- 9.5.2.2.6. Food and Beverages
- 9.5.2.2.7. Others
- 9.5.3. By Country (Value)
- 9.5.3.1. Turkey
- 9.5.3.1.1. By Type
- 9.5.3.2. Israel
- 9.5.3.2.1. By Type
- 9.5.3.3. GCC
- 9.5.3.3.1. By Type
- 9.5.3.4. North Africa
- 9.5.3.4.1. By Type
- 9.5.3.5. South Africa
- 9.5.3.5.1. By Type
- 9.5.3.6. Rest of MEA
- 9.6. Asia Pacific Industrial Sensors Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- 9.6.1. By Type (Value)
- 9.6.1.1. Temperature Sensor
- 9.6.1.2. Proximity Sensor
- 9.6.1.3. Pressure Sensor
- 9.6.1.4. Position Sensor
- 9.6.1.5. Motion Sensor
- 9.6.1.6. Level Sensor
- 9.6.1.7. Gas and Chemical Sensor
- 9.6.1.8. Humidity Sensor
- 9.6.1.9. Flow Sensor
- 9.6.1.10. Others
- 9.6.2. By End Use Industry (Value)
- 9.6.2.1. Discrete
- 9.6.2.1.1. Automotive
- 9.6.2.1.2. Electronics
- 9.6.2.1.3. Consumer Goods
- 9.6.2.1.4. Aerospace and Defence
- 9.6.2.1.5. Others
- 9.6.2.2. Process
- 9.6.2.2.1. Oil and Gas
- 9.6.2.2.2. Energy and Power
- 9.6.2.2.3. Chemical
- 9.6.2.2.4. Mining
- 9.6.2.2.5. Pharmaceutical
- 9.6.2.2.6. Food and Beverages
- 9.6.2.2.7. Others
- 9.6.3. By Country (Value)
- 9.6.3.1. China
- 9.6.3.1.1. By Type
- 9.6.3.2. India
- 9.6.3.2.1. By Type
- 9.6.3.3. Japan
- 9.6.3.3.1. By Type
- 9.6.3.4. South Korea
- 9.6.3.4.1. By Type
- 9.6.3.5. ASEAN
- 9.6.3.5.1. By Type
- 9.6.3.6. Oceania
- 9.6.3.6.1. By Type
- 9.6.3.7. Rest of Asia Pacific
- 10. Companies Analyzed (In order to estimate the market size and/or understanding the market ecosystem) (Note that the purpose of the below list is to highlight the exhaustiveness of coverage. This does not necessarily mean that all the below companies are profiled in the scope. Kindly refer Companies Profiled Section for more details. However, at the same, we are open to profile additional company(s) on specific request)
- 10.1. ABB Ltd
- 10.2. Amphenol Corporation
- 10.3. Ams AG
- 10.4. Analog Devices, Inc.
- 10.5. Bosch Sensortec
- 10.6. Figaro Engineering inc
- 10.7. First Sensor
- 10.8. Honeywell
- 10.9. Integrated Device Technology
- 10.10. Microchip
- 10.11. NXP Semiconductors
- 10.12. Omega Engineering
- 10.13. Panasonic
- 10.14. PCB Piezotronics, Inc.
- 10.15. Rockwell Automation
- 10.16. Safran Colibrys SA
- 10.17. Sensirion
- 10.18. Siemens
- 10.19. STMicroelectronics
- 10.20. TE Connectivity
- 10.21. Teledyne Technologies Incorporated
- 10.22. Texas Instruments
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