Market Research Report
Industrial Sensors - Global Market Outlook (2017-2026)
|Published by||Stratistics Market Research Consulting||Product code||804310|
|Published||Content info||176 Pages
Delivery time: 2-3 business days
|Industrial Sensors - Global Market Outlook (2017-2026)|
|Published: February 1, 2019||Content info: 176 Pages||
According to Stratistics MRC, the Global Industrial Sensors Market is accounted for $14.3 billion in 2017 and is expected to reach $27.7 billion by 2026 growing at a CAGR of 7.6% during the forecast period. Growing demand for industrial robots, rising awareness about IIoT, and increasing applications in petroleum refineries and pharmaceuticals are some of the factors propelling the market growth. However, huge implementation cost of sensor networks is restraining the market growth.
Industrial sensors are devices converting physical quantity to electrical signals which are processed through an electronic automation system that can represent physical variation or signal error. It plays an essential role in highly technical processes. They capture measured values and convert them into signals that can be further processed in order to monitor and control complex processes and entire factories. Sensors and electronics are an indispensable part of economic life.
Based on type, Noncontact has witnessed the significant growth during the forecast period owing to rising demand in pharmaceuticals and mining industries, increasing implementation of wearables in industrial facilities. By geography, Asia Pacific holds the largest market share during the forecast period due to the presence of large number of developing economies and regulatory standards set by the countries.
Some of the key players profiled in the Industrial Sensors Market include Panasonic, Microchip, Rockwell Automation, Bosch Sensortec, Siemens, Texas Instruments, AMS AG, Amphenol Corporation, NXP Semiconductors, Te Connectivity, Integrated Device Technology, Sensirion, Figaro Engineering Inc., Analog Devices, Denso and Infineon.
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.