Industrial Sensors Market Report 2022: Industry Overview, Size, Share, Trends, Growth and Forecast 2027

The latest report by IMARC Group, titled "Industrial Sensors Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027"The global industrial sensors market is expected to exhibit a CAGR of 9.1% during 2022-2027.

 Industrial sensors refer to devices that can detect changes in the environment and provide subsequent signals or outputs accordingly. They can gauge inputs, such as light, heat, pressure, temperature, voltage, moisture, motion, etc., and aid in generating a response on the display screen for transmitting the information for processing. Some of the commonly utilized industrial sensors include proximity, inductive, photoelectric, capacitive, magnetic, ultrasonic, velocity, etc. They are critical for machine automation as they help in ensuring the accurate positioning of mechanical components and also provide feedback regarding their operational conditions. As a result, industrial sensors find extensive applications across various sectors, such as oil and gas, manufacturing, power generation, healthcare, etc.

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Industrial Sensors Market Trends:

The rising digitization levels across industries and the increasing need for industrial automation are primarily driving the industrial sensors market. Besides this, the growing adoption of wireless devices and the escalating requirement for improved efficiency of industrial units are further catalyzing the market growth. In addition to this, numerous organizations use industrial sensors to maximize their output, run equipment fault diagnostics, monitor plant assets, etc., which is also augmenting the global market. Moreover, the development of artificial intelligence (AI) and Internet of Things (IoT)-enabled smart sensors is acting as another significant growth-inducing factor. Furthermore, the emergence of Industry 4.0 trends and the expanding research and development (R&D) activities are anticipated to stimulate the industrial sensors market in the coming years.

Key Market Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• ABB Ltd.
• Amphenol Corporation
• ams AG
• Bosch Sensortec GmbH (Robert Bosch GmbH)
• Honeywell International Inc.
• NXP Semiconductors N.V.
• Omega Engineering Inc. (Spectris Plc)
• Panasonic Corporation
• Renesas Electronics Corporation
• Rockwell Automation
• Siemens AG
• STMicroelectronics
• TE Connectivity Ltd.
• Texas Instruments Incorporated.

The report has segmented the market on the basis on region, sensor, type and end-use industry.

Breakup by Sensor:

• Level Sensor
• Temperature Sensor
• Flow Sensor
• Position Sensor
• Pressure Sensor
• Force Sensor
• Image Sensor
• Gas Sensor
• Others

Breakup by Type:

• Contact
• Noncontact

Breakup by End-Use Industry:

• Mining, Oil and Gas
• Manufacturing
• Chemical
• Energy and Power
• Healthcare
• Water and Wastewater Treatment
• Aerospace and Defense
• Others

Breakup by Region:

• North America:( United States, Canada)
• Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico,Others)
• Middle East and Africa

Key highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

TOC for the Report:

Preface
Scope and Methodology
Executive Summary
Introduction
Global Market
SWOT Analysis
Value Chain Analysis
Price Analysis
Competitive Landscape

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Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

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