Industrial Sensors Market Report: Trends, Forecast and Competitive Analysis to 2030

Industrial Sensors Trends and Forecast

The future of the global industrial sensors market looks promising with opportunities in the manufacturing, oil & gas, chemical, pharmaceutical, energy & power and mining markets. The global industrial sensors market is expected to reach an estimated $40.0 billion by 2030 with a CAGR of 9.5% from 2024 to 2030. The major drivers for this market are rising adoption of industrial 4.0 and IoT in manufacturing, rising demand for smart sensor-enabled wearable devices, and improvements in industrial sensor technology.

A more than 150-page report is developed to help in your business decisions.

Industrial Sensors by Segment

The study includes a forecast for the global industrial sensors by sensor type, end use industry, and region

Industrial Sensors Market by Sensor Type [Shipment Analysis by Value from 2018 to 2030]:

• Image Sensor
• Pressure Sensor
• Temperature Sensor
• Level sensors
• Position Sensor
• Humidity Sensor
• Force Sensor
• Others

Industrial Sensors Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Manufacturing
• Oil & Gas
• Chemical
• Pharmaceutical
• Energy & Power
• Mining
• Others

Industrial Sensors Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Industrial Sensors Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies industrial sensors companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the industrial sensors companies profiled in this report include-

• Honeywell
• Texas Instruments
• Siemens
• ABB
• Amphenol Corporation
• Te Connectivity
• Rockwell Automation
• Nxp Semiconductor
• Infineon Technologies
• Renesas Electronics

Industrial Sensors Market Insights

Lucintel forecast that image sensor is expected to witness highest growth over the forecast period.

Within this market, manufacturing will remain the largest segment.

APAC is expected to witness highest growth over the forecast period.

Features of the Global Industrial Sensors Market

Market Size Estimates: Industrial sensors market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Industrial sensors market size by sensor type, end use industry, and region in terms of value ($B).

Regional Analysis: Industrial sensors market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different sensor type, end use industry, and regions for the industrial sensors market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the industrial sensors market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the industrial sensors market size?

Answer: The global industrial sensors market is expected to reach an estimated $40.0 billion by 2030.

Q.2 What is the growth forecast for industrial sensors market?

Answer: The global industrial sensors market is expected to grow with a cagr of 9.5% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the industrial sensors market?

Answer: The major drivers for this market are rising adoption of industrial 4.0 and IoT in manufacturing, rising demand for smart sensor-enabled wearable devices, and improvements in industrial sensor technology.

Q4. What are the major segments for industrial sensors market?

Answer: The future of the industrial sensors market looks promising with opportunities in the manufacturing, oil & gas, chemical, pharmaceutical, energy & power, and mining markets.

Q5. Who are the key Industrial Sensors Market companies?

Answer: Some of the key industrial sensors companies are as follows:

• Honeywell
• Texas Instruments
• Siemens
• ABB
• Amphenol Corporation
• Te Connectivity
• Rockwell Automation
• Nxp Semiconductor
• Infineon Technologies
• Renesas Electronics

Q6. Which industrial sensors market segment will be the largest in future?

Answer: Lucintel forecast that image sensor is expected to witness highest growth over the forecast period .

Q7. In industrial sensors market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the industrial sensors market by sensor type (image sensor, pressure sensor, temperature sensor,level sensors, position sensor, humidity sensor, force sensor, and others), end use (manufacturing, oil & gas, chemical, pharmaceutical, energy & power, mining, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?