Industrial Sensors Market: Enhancing Safety, Efficiency and Productivity


The Industrial Sensors Market Share is anticipated to reach USD 20.6 billion in 2021 and is projected to increase to USD 31.9 billion by 2026, with a Compound Annual Growth Rate (CAGR) of 9.1% from 2021 to 2026, according to the Industrial sensors market analysis. The Industrial Internet of Things (IIoT), Industrial 4.0, the increased use of force sensors in the vehicle manufacturing industry, and the rising need for industrial robots are all factors contributing to the market growth. Due to advances in sensor technology, industrial sensors are increasingly being utilised to monitor and manage production processes and machinery across a variety of industries. According to the report, the market for industrial sensors will expand over the next few years as a result of the rising need for automation as well as reliable, real-time data monitoring and control.

Level sensors, temperature sensors, flow sensors, position sensors, pressure sensors, moisture and humidity sensors, image sensors, and gas sensors are the different types of sensors used in the industrial sensors market. In 2019 the industrial sensors market was dominated by the segment of level sensors. Because of the large range of industries in which level sensors are used, including manufacturing and process industries, semiconductor manufacturing, automotive manufacturing, and aerospace and military manufacturing, the category has a sizable market share. Due to the demand for precise and trustworthy monitoring and management of industrial operations, level sensors are used to measure the level of liquid or fluid in a container or tank. According to the analysis, the industrial sensors market will continue to be dominated by the level sensors sector in the years to come due to the rising demand for automation as well as the requirement for effective monitoring and control of industrial processes.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=108042398

Based on the type of sensor, the industrial sensors market has been divided into contact and noncontact types. The industrial sensor market segment that uses contact types had the biggest market share of these in 2019. Industrial contact type sensors are a well-established technology with a developed market. Throughout the projected period, the noncontact industrial sensors market is anticipated to expand at a faster compound annual growth rate (CAGR). The market for non-contact sensors is expanding as a result of the spread of wireless sensor and remote monitoring technologies. Noncontact industrial sensors are useful in tough settings or in situations where contact might harm the sensors since they can detect and measure without making direct physical contact with the object or surface. According to the report, the market for noncontact industrial sensors will expand during the next years due to rising demand for automation as well as the requirement for effective monitoring and management of industrial processes.

Based on the end-use industry, the industrial sensors market has been divided into manufacturing, chemical, oil & gas, pharmaceutical, energy & power, and mining. The pharmaceutical sector is anticipated to experience the greatest Compound Annual Growth Rate (CAGR) of all of them throughout the projection period. The high standards for safety, precision, and sterility in the pharmaceutical industry are what are driving the market for industrial sensors because they call for the usage of cutting-edge sensors to monitor and regulate the manufacturing process. According to the report, the pharmaceutical industry's need for industrial sensors will increase over the next few years due to the industry's growing need for quality control and its need to adhere to severe regulatory requirements. Manufacturing, chemical, oil & gas, energy & power, and mining are some of the other main end-use industries using industrial sensors. Industrial sensors are required in each of these sectors for a different reason, and each sector's expansion is likely to drive up demand for them.

Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/industrial-sensor-market-108042398.html

Among all regions, North America and Asia-Pacific (APAC) are anticipated to see the market for industrial sensors to develop at the fastest rate. Due to China's significant manufacturing output and its status as a key producer of consumer electronics, autos, and other goods, the APAC region held the greatest share of the industrial sensors market in 2019 and is anticipated to continue doing so. The growing adoption of automation and the demand for effective monitoring and control of industrial processes are further driving the region's growth. Due to the widespread use of the Industrial Internet of Things (IIoT) and Industry 4.0 in industries, particularly in the United States, North America is predicted to grow at the quickest rate during the forecast period. Some of the top industrial sensor manufacturers are based in this region, and the region's growing demand for automation and digitalization is anticipated to fuel the market's expansion.

Rockwell Automation (US), Honeywell (US), Texas Instruments (US), Siemens (Germany), Bosch Sensortec (US), Panasonic (Japan), STMicroelectronics (Switzerland), First Sensor (Germany), Amphenol Corporation (US), Integrated Device Technology (US), TE Connectivity (Switzerland), Omega Engineering (US), Sensirion (Switzerland), Ams AG (Austria), Microchip (US), NXP Semiconductors (Netherlands), Teledyne Technologies Incorporated (US), Figaro Engineering inc (Japan), and Safran Colibrys SA (Switzerland) are a few major companies dominating the industrial sensors market.

News Covered:

https://www.prnewswire.com/news-releases/industrial-sensors-market-worth-31-9-billion-by-2026--exclusive-report-by-marketsandmarkets-301454393.html 

About MarketsandMarkets™ 

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. 

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. 

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. 

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. 

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com

Comments

Post a Comment

Popular posts from this blog

Trends Shaping the Environmental Test Chambers Market

The   Environmental Test Chambers Market Size  is expected to rise steadily; estimates show that it will reach USD 938 million by 2024 from USD 842 million in 2019, a compound annual growth rate (CAGR) of 2.18%. The most recent market research report outlines this growth trajectory and highlights the several variables that are driving this expansion. A variety of industrial verticals, including aerospace and defence, automotive, telecommunications, and electronics, are served by the market's segmentation based on type, which includes temperature and humidity chambers, customised chambers, and thermal shock chambers. Over the course of the forecast period, factors like strict regulatory requirements, rising need for dependable testing solutions, and technical developments in environmental testing equipment are anticipated to drive market expansion. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107895228 The environmental test chambers market is pro
Read more

Microwave Revolution: Unraveling the Monolithic Microwave IC Market

Image
The   Monolithic Microwave IC Market  showed strong growth, reaching a worth of USD 9.7 billion in 2022 and expected to reach USD 17.0 billion by 2027. It is anticipated that the market would expand at a notable compound annual growth rate (CAGR) of 11.9% from 2022 to 2027. This growth trend shows how Monolithic Microwave Integrated Circuits (MMICs) are becoming more and more popular in a variety of industries. MMICs are essential parts of applications like consumer electronics, aircraft, defence, and telecommunications because of their small size and excellent performance at microwave frequencies. Technological developments, the growing need for high-frequency communication systems, and the extensive use of MMICs in developing technologies are the main factors propelling the market's growth. The MMIC market is expanding significantly due to a number of important factors. The smartphone industry is a major trigger for the spike in demand for Monolithic Microwave Integrated Circuits
Read more

Innovation Unleashed: RF Gallium Nitride Market Role in Emerging Technologies

Image
With a projected value of USD 2.8 billion by 2028, the global   RF Gallium Nitride (GaN) Market   is expected to experience substantial expansion from its estimated USD 1.3 billion in 2022. Over the course of the projected period, this forecast indicates a strong Compound Annual Growth Rate (CAGR) of 12.9%. The growing use of RF GaN devices in aerospace, defence, and military applications is driving up demand for them. GaN's commercial appeal is further enhanced by its appropriateness for Radio Frequency (RF) applications, which propels its wider adoption. With the growing need for sophisticated and high-performing RF semiconductor devices, the RF GaN Market is leading the way and is expected to grow significantly in the upcoming years.  Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=183000597   Sumitomo Electric Device Innovations, Inc. (Japan), Qorvo, Inc. (US), WOLFSPEED, INC. (US), NXP Semiconductors (Netherlands), MACOM (US), Infineon Technolo
Read more