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Global Industrial Sensors Market Size, Share, Growth, Trends: By Sensor Type: Pressure Sensors, Position Sensors, Level Sensors, Image Sensors, Temperature Sensors, Humidity and Moisture Sensors, Flow Sensors, Others; By End Use: Oil and Gas, Others; Regional Analysis; Competitive Landscape; Industry Events and Developments; 2023-2028
Global Industrial Sensors Market Outlook
The global industrial sensors market is anticipated to flourish at a CAGR of 9.3% during the forecast period 2023-2028. Sensors are devices that sense, measure and identify changes in parameters such as temperature, position, electric current, displacement, etc. Industrial sensors have a key role in factory automation.
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Use of sensors in applications across domains, including power, military, medical, railways, food and beverage, household appliances, space technology, etc. is likely to stimulate the market. North America, Asia and Europe are likely to be key markets.
Global Market Likely to be Driven by Applications Across Domains
Sensors play a crucial role in automating production and enabling intelligent processes. Sensors enable monitoring and analysis of the different types of changes (such as those in motion, temperature, altitude, pressure, external, and security) that take place on an industrial manufacturing site. Industrial sensors are generally employed in automation to sense pressure, temperature, infrared radiation, level, proximity, light, smoke, etc. sensors such as MEMS sensors are employed in multiple industrial applications.
A pressure sensor is employed in different types of industrial automation settings, including water conservancy and hydropower, intelligent buildings, railway transportation, aerospace, production automation, petrochemical, military, power, oil wells, machine tools, shipbuilding, pipelines, and others. Applications across such a wide range of domains are expected to drive the global industrial sensors market.
Temperature sensors are extensively employed in multiple industries, including food, medical hydropower, petrochemical, metallurgy, printing, dyeing pharmaceutical, and others.
Infrared sensors are mainly used in domains including medicine, military, space technology, and environmental engineering. Several other industries use infrared sensors integrated with industrial IoT solutions.
Level sensors are chiefly employed in automobile and manufacturing segments; other applications include household appliances (for example ice makers in the refrigerator, washing machines).
Proximity sensors help detect displacement of objects, and are employed extensively in aviation, aerospace, and industrial domains. These sensors also find applications in restaurants, hotels, automatic doors, garages, automatic hot air blowers, etc. Proximity sensors are also used in security and anti-theft solutions in places that store valuable items, such as museums and vaults.
Smoke sensors are used in HVAC, construction site monitoring, and industrial units where chances of gas leakage and fire are high.
MEMS sensors are devices that help get data or information; these sensors have greatly enabled the miniaturization of sensing tools. MEMS sensors are employed in domains including launch vehicles, space satellites, aircraft, aerospace equipment, vehicles, medicine and consumer electronics.
Key Developments
In 2022, SiLC Technologies entered into a partnership with Cloud Light would carry out mass manufacturing of SiLC’s Eyeonic™ Vision Sensors to enhance LiDAR performance by offering precise depth, prompt velocity, and dual-polarization intensity. In 2021, SiLC Technologies had announced the launch of Eyeonic™ Vision Sensor.
In 2022, Superior Sensor Technology announced two latest pressure sensor families suited to mid-pressure range applications; the solutions would act as an extension to the company’s ND Series.
In 2022, Honeywell launched its Indoor Air Quality (IAQ) monitor, which alerted building owners and operators of possible issues to pre-emptively enhance IAQ and decrease the chances of airborne contaminant transmission.
Market Segmentation
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By sensor type, the market is segmented into:
- Pressure Sensors
- Position Sensors
- Level Sensors
- Image Sensors
- Temperature Sensors
- Humidity and Moisture Sensors
- Flow Sensors
- Others
By end use, the market is divided into:
- Oil and Gas
- Pharmaceuticals
- Chemicals
- Manufacturing
- Mining
- Energy and Power
- Others
On the basis of region, the market is divided into:
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East and Africa
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Key Industry Players in the Market
The report presents a detailed analysis of the following key players in the global industrial sensors market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Honeywell International Inc.
- Rockwell Automation, Inc.
- Panasonic Industry Co., Ltd.
- STMicroelectronics International N.V.
- TE Connectivity Ltd.
- Texas Instruments Incorporated
- Siemens AG
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Sensor Type |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Industrial Sensors Market Analysis
8.1 Key Industry Highlights
8.2 Global Industrial Sensors Historical Market (2018-2022)
8.3 Global Industrial Sensors Market Forecast (2023-2028)
8.4 Global Industrial Sensors Market by Sensor Type
8.4.1 Pressure Sensors
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Position Sensors
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Level Sensors
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Image Sensors
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.5 Temperature Sensors
8.4.5.1 Historical Trend (2018-2022)
8.4.5.2 Forecast Trend (2023-2028)
8.4.6 Humidity and Moisture Sensors
8.4.6.1 Historical Trend (2018-2022)
8.4.6.2 Forecast Trend (2023-2028)
8.4.7 Flow Sensors
8.4.7.1 Historical Trend (2018-2022)
8.4.7.2 Forecast Trend (2023-2028)
8.4.8 Others
8.5 Global Industrial Sensors Market by End Use
8.5.1 Oil and Gas
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Pharmaceuticals
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Chemicals
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Manufacturing
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Mining
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
8.5.6 Energy and Power
8.5.6.1 Historical Trend (2018-2022)
8.5.6.2 Forecast Trend (2023-2028)
8.5.7 Others
8.6 Global Industrial Sensors Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Industrial Sensors Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Industrial Sensors Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Industrial Sensors Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Industrial Sensors Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Industrial Sensors Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Rockwell Automation, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Honeywell International Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Texas Instruments Incorporated
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Panasonic Industry Co., Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 STMicroelectronics International N.V.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 TE Connectivity Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Siemens AG
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 Key Trends and Developments in the Market
List of Figures and Tables
1. Global Industrial Sensors Market: Key Industry Highlights, 2018 and 2028
2. Global Industrial Sensors Historical Market: Breakup by Sensor Type (USD Million), 2018-2022
3. Global Industrial Sensors Market Forecast: Breakup by Sensor Type (USD Million), 2023-2028
4. Global Industrial Sensors Historical Market: Breakup by Type (USD Million), 2018-2022
5. Global Industrial Sensors Market Forecast: Breakup by Type (USD Million), 2023-2028
6. Global Industrial Sensors Historical Market: Breakup by End User Industry (USD Million), 2018-2022
7. Global Industrial Sensors Market Forecast: Breakup by End User Industry (USD Million), 2023-2028
8. Global Industrial Sensors Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Industrial Sensors Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Industrial Sensors Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Industrial Sensors Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Industrial Sensors Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Industrial Sensors Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Industrial Sensors Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Industrial Sensors Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Industrial Sensors Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Industrial Sensors Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Industrial Sensors Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Industrial Sensors Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Industrial Sensors Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 9.3% between 2023 and 2028.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Position sensors is one of the most commonly used sensors across the end-use industries like automotive, agriculture, robotics, and food and beverage, among others.
Oil and gas industry is the most lucrative end-user of industrial sensors market due to the heightened application of the product in this industry for equipment monitoring and preparedness against unforeseen disruptions.
The increasing application of smart sensors across the manufacturing sector is a major reason for the flourishing demand for the product in this industry. In addition to this, industrial sensors provide information about energy consumption, humidity, and output of production, among others.
The major drivers of the market include the increasing application of the product in oil and gas industry, growing expansion of the pharmaceutical sector, and rapid industrialisation across the emerging economies of the world.
The rising application of the product in non-invasive installation of electricity distribution units, growing research and development activities across industrial plants, and increasing joint partnerships by the major market players, are some of the key trends in the market.
Pressure sensors, position sensors, level sensors, image sensors, temperature sensors, humidity and moisture sensors, and flow sensors are the different segments based on sensor type.
Automotive, oil and gas, pharmaceuticals, chemicals, manufacturing, mining, energy and power, among others, are the different end-uses based on which the market has been segmented.
The major players in the industry are Rockwell Automation, Inc., Honeywell International Inc., Texas Instruments Incorporated, Panasonic Industry Co., Ltd., STMicroelectronics International N.V., TE Connectivity Ltd., and Siemens AG, among others.
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