Industrial Sensors Market worth USD 31.9 Billion by 2026


Industrial 4.0 and IIoT are two major trends driving this market's expansion, along with increased wearable device demand for smart sensors and industrial sensor technology improvements. In the midst of COVID-19, there is a significant demand for industrial sensors for effective industrial operations due to predictive maintenance's potential to provide lucrative opportunities to Industrial Sensors Market Players and the growing demand from automobile manufacturers to deliver improved safety and comfort for smart sensors.

Level Sensors Market to dominate in 2020

In 2020, the level sensor market was expected to be the largest. To find and gauge the level of liquids, bulk solids, and other fluids, a level sensor is employed. Either the level measurement is continuous or it is expressed as a set of point values. Level sensors are necessary for a number of reasons, including monitoring and/or controlling of continuous or point levels, as well as the necessity for precision, aesthetics, and response rates.

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Contact type to dominate Industrial Sensors Market, in 2020

In 2020, a higher portion of the Industrial Sensors Market is anticipated to come from the market for contact type sensors. Industrial contact type sensors used in contact level sensors require direct physical contact with the medium. Magnetoresistive, vibratory probe, hydrostatic, magnetic and mechanical float, pneumatic, revolving paddle, resistive chain, and weight and chain are the technologies employed in contact type level sensors. Temperature sensors, pressure sensors, force sensors, flow sensors, and other sensor types are some of the most used contact type sensors.

APAC to hold the largest share of Industrial Sensors Market in 2020

APAC held the highest share of the global Industrial Sensors Market by region in 2020, leading the market in terms of value. Due to the fact that China is one of the world's major industrial hubs, the Industrial Sensors Market in APAC is anticipated to have the greatest market share by 2026. China and Japan are important markets for industrial sensors in APAC. In the upcoming years, APAC will have numerous options to generate income from the industrial sector.

Key Players

Key Players in the Industrial Sensors Market are Rockwell Automation (US), Honeywell International (US), Texas Instruments (US), Panasonic Corporation (Japan), STMicroelectronics (Switzerland), TE Connectivity (Switzerland), Siemens, incorporated (Germany), Amphenol Corporation (US), Dwyer Instruments (US), and Bosch Sensortec (Germany). Many of these companies focus on adopting both organic and inorganic growth strategies, such as product launches and developments, expansions, acquisitions, and collaborations to strengthen their position in the market.

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