Industrial Sensors Market Share

Global Industrial Sensor Market Overview

Industrial Sensor Market Size was valued at USD 24107.10 million in 2023. Industrial Sensor Market industry is projected to grow from USD 25915.13 million in 2024 to 46060.44 million by 2032, exhibiting a compound annual growth rate (CAGR) of 7.45% during the forecast period (2024-2032). Rising adoption of temperature industrial sensors, growing adoption of IoT and industry 4.0 in manufacturing, and rising demand for smart sensor-based wearable devices are driving the growth of the market.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Industrial Sensor Market Trends

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  Rising adoption of temperature industrial sensor

  
  

Temperature sensors are widely deployed in a wide range of industries, including the medical, food, hydropower station, petrochemical, metallurgy, printing and dyeing pharmaceutical business, and others. Temperature is the most measured physical parameter in industrial production, and many sensors can be employed to monitor it. A temperature sensor is a device that receives temperature information from its surroundings and translates it into specified values. The impact of Industry 4.0 can transform manufacturing businesses. Smart sensors are used to monitor different industrial processes, collecting data, taking measurement, and sending the data to centralized cloud computing platforms where information is collected and analyzed for patterns. The use of wearable electronics for physiological parameter monitoring in the healthcare sector is advancing quickly and having a favorable effect on society. Monitoring physiological parameters can help with early illness identification because they are crucial health markers.

Industrial Sensor Market Segment Insights

Industrial Sensor Market Sensor Type Insights

By sensor type segment, the Industrial Sensors market has been segmented into Pressure Sensor, Position Sensor, Gas Sensor, Image Sensor, Magnetic Sensor, Electromagnetic Sensor, Temperature Sensor, and Others. According to MRFR analysis, the pressure sensor segment is expected to have the largest market share, followed by the temperature sensor segment. The image sensor segment is expected to exhibit the highest CAGR during the forecast period. Position sensor is a device that is used to detect the movement of an object and converts these into signals suitable for processing, transmission, or control. Majorly pressure sensors are used for measuring range, resolution, size & weight, and repeatability. Position sensors are extensively used in applications such as security systems, process control, aerospace, and automotive.

Industrial Sensor Market: Sensor Type Insights (2022 VS 2032) (USD MILLION)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Industrial Sensor Market Type Insights

Industrial Sensors is mainly divided into contact and non-contact type. According to MRFR analysis, the contact segment is expected to have the largest market share, as compare to non-contact type segment. The non-contact segment is expected to exhibit the highest CAGR during the forecast period. The term non-contact or non-contacting usually refers to a sensor that can measure movement or displacement. This sensor has many benefits, including long life, quick responses, high reliability, dependability, and consistent performance (no wear and tear). and offer resistance to contamination and high accuracy.

Industrial Sensor Market: Type Insights (2022 VS 2032) (USD MILLION)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Industrial Sensor Market Technology Insights

By Technology segment, the Industrial Sensors market has been segmented into Micro-Electro-Mechanical Systems (MEMS) Technology, Complementary Metal Oxide Semiconductor (CMOS) Technology, Nanoelectromechanical Systems (NEMS), and Others. According to MRFR analysis, the Micro-Electro-Mechanical Systems (MEMS) Technology segment is expected to have the largest market share, followed by the Complementary Metal Oxide Semiconductor (CMOS) Technology segment. Micro-Electro-Mechanical System (MEMS) Technology is used in microscopic devices, particularly with moving parts, MEMS technology utilizes nanoscales and nanoelectromechanical systems. MEMS technology is extensively used in the fabrication of semiconductor devices used in the manufacturing of electronics such as sensors.

Industrial Sensor Market: Technology Insights (2022 VS 2032) (USD MILLION)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Industrial Sensor Market End User Industry Insights

Industrial Sensors is mainly divided into Oil & Gas, Pharmaceuticals, Chemicals, Manufacturing, and Others End User Industry. According to MRFR analysis, the Oil & Gas segment is expected to have the largest market share, followed by manufacturing segment. Pharmaceuticals industry emit a lot of toxic chemical and gases during production various sensors are used in the industry for the detection of leakage from gas cylinders or fixed piped gas systems within the industry premise; hence, these sensors are used for the detection or monitoring of leakages. These sensors are used in the areas of the pharmaceutical industry where gases are stored and produced.

Industrial Sensor Market End User Industry Insights (2022 VS 2032) (USD MILLION)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Industrial Sensor Market Regional Insights

By Region, the study segments the market into North America, Europe, Asia-Pacific, and Rest of the World. North America is a major market for industrial sensors due to rising automation and increased adoption of industry 4.0 in the region. The region especially the US has the presence of a large number of sensor manufacturers including Rockwell Automation, Honeywell International, Texas Instruments, Amphenol Corporation, Omega Engineering, and Microchip Technology.

Asia pacific regions include countries such as China, India, Japan, South Korea, and others. In recent years the region has witnessed rapid growth in industrialization combined with an increasing presence of small and medium-sized enterprises (SMEs) in the region are some of the factors that are expected to drive the market growth. Countries such as China, India, Japan, and South Korea have witnessed a rapid rise in the manufacturing sector creating a huge demand for gas sensors, position sensors, temperature sensors, and many others to transform and manufacturing facilities. 

Further, the countries considered in the scope of the Industrial Sensor Market are the US, Canada, Mexico, UK, Germany, France, Italy, Spain, Switzerland, Austria, Belgium, Denmark, Finland, Greece, Hungary, Italy, Luxembourg, Netherlands, Norway, Poland, Portugal, Slovakia, Sweden, Romania, Ireland, China, Japan, Singapore, Malaysia, Indonesia, Philippines, South Korea, Hong Kong, Macau, Singapore, Brunei, India, Australia & New Zealand, South Africa, Egypt, Nigeria, Saudi Arabia, Qatar, United Arab Emirates, Bahrain, Kuwait, and Oman, Brazil, Argentina, Chile, and others.

Industrial Sensor Market Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Industrial Sensor Market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Industrial Sensor Industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

Amphenol Corporation mission is to be a world-leading supplier of sensor products. The company has launched a new series of CO2 sensors—the Telaire T3022 series. These sensors are designed to meet the requirements of low-cost carbon dioxide (CO2) sensing. Amphenol Corporation is one of a few companies aiming to offer various types of industrial sensors products.

Key Companies in the Industrial Sensor Market include

• ROCKWELL AUTOMATION INC


• HONEYWELL INTERNATIONAL INC


• TEXAS INSTRUMENTS INC


• PANASONIC CORPORATION


• CROCUS TECHNOLOGY, INC


• TE CONNECTIVITY


• SIEMENS AG


• AMPHENOL CORPORATION


• DWYER INSTRUMENTS, INC


• BOSCH SENSORTEC GMBH


• OMEGA ENGINEERING INC


• SENSIRION AG


• AMS AG


• MICROCHIP TECHNOLOGY INC


• ABB GROUP, among others

Industrial Sensor Market Industry Developments

July 2022 Bosch Sensortech GmbH partnered with Edge Impulse. The collaboration will enable Edge Impulse’s machine learning development platform to support Bosch Sensortec Sensors. The collaboration will help develop the next generation of industrial monitoring and sensing solutions.

April 2022 ABB Group invested USD 1.1 Million in its Brno Transformers and Sensors Czech republic factory to increase the production of advanced sensors. The investment will ramp up the production of sensors and is expected to reach 100,000 units per annum by 2026.

Intended Audience

• Technology Industry


• Technology Investors


• Government Bodies


• Transportation industry


• Business leaders


• Executives and decision-makers in industries such as manufacturing, automotive, aerospace, and defense


• Manufacturing Investors

Industrial Sensor Market Segmentation

Industrial Sensor Market Sensor Type Outlook

• Pressure Sensors


• Position Sensors


• Gas Sensors


• Image Sensor


• Magnetic Sensor


• Electromagnetic Sensor


• Temperature Sensor


• Others

Industrial Sensor Market Type Outlook

• Contact


• Non-contact

Industrial Sensor Market Technology Outlook

• Micro-Electro-Mechanical Systems (MEMS) Technology
  
  
  
  • MEMS gyroscopes
  
  
  • MEMS pressure sensors
    
    
    
    • Absolute pressure sensor
    
    
    • Vacuum pressure sensor
    
    
    • Sealed pressure sensor
    
    
    • Gauge pressure sensor
    
    
    • Differential pressure sensor
    
    
    
    
  
  
  • MEMS magnetic field sensors
  
  
  
  


• Complementary Metal Oxide Semiconductor (CMOS) Technology


• Nanoelectromechanical Systems (NEMS)


• Others

Industrial Sensor Market End User Industry Outlook

• Oil & Gas


• Pharmaceuticals


• Chemicals


• Manufacturing


• Others

Industrial Sensor Market Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  


• Europe
  
  
  
  • UK
  
  
  • Germany
  
  
  • France
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America