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Industrial Sensors Market

Global Industrial Sensors Market Size, Share & Trends Analysis Report by Sensor Type (Flow Sensor, Pressure Sensor, Proximity Sensor, Level Sensor, Temperature Sensor, Image Sensor, and Others), By Vertical (Oil & Gas, Manufacturing, Chemicals, Pharmaceuticals, Energy & Power, and Others) and Forecast 2019-2025
    Update Available - Forecast 2024-2030   

Published: Jul 2023 | Report Code: OMR2020027 | Category : Industrial Automation | Delivery Format: /

The global Industrial sensors market is projected to grow at a CAGR of around 7% during the forecast period. The market growth is mainly driven by technological development in sensor technology coupled with the growing automation in various industrial sectors such as manufacturing, oil & gas, chemicals, and others. The rising demand for human-assisted robots in these sectors for overall cost reduction is substantially driving the market. 

Robots are playing an imperative role in the manufacturing sector. The rise of AI industrial robots witnessed a hefty expansion in developed countries and certainly seems to be inevitable being driven by a range of production demands, including a continued proliferation of automation and the IoT, increased resource efficiency, and need for safer and more simplified robotic technologies to work in collaboration with humans. According to IFR (International Federation of Robotics) in 2018, there are more than 1 million industrial robots at work in industrial units across the globe. Proximity sensors are used in advanced robots for automobiles manufacturing.

 Segmental Outlook  

The global Industrial sensors market is segmented on the basis of sensor type and vertical. Based on sensor type, the market is divided into flow sensors, pressure sensors, proximity sensors, level sensors, temperature sensors, image sensors, and others such as humidity and moisture sensors. The industrial proximity sensors segment is projected to have significant growth in the market. On the basis of vertical, the market is segregated into oil & gas, manufacturing, chemicals, pharmaceuticals, energy & power, and others. 

Global Industrial Sensors Market Share by Vertical, 2018(%)

Global Industrial Sensors Market Share by Vertical

Global Industrial Sensors Market to be Driven by the Manufacturing Industry

On the basis of verticals, the manufacturing segment is projected to contribute significant share in the market due to the rising demand for human-robot collaboration in the manufacturing sector for overall cost reduction. Industrial robots are playing an imperative role in the manufacturing sector. Many institutions and organizations have taken initiatives for the adoption of automation in the manufacturing sector. For instance, in 2019, UK’s Manufacturing Technology Centre pioneered robot technology combining laser metrology and a real-time control system. It enabled real-time corrections to a robot’s path throughout the manufacturing process, mostly functional in complex manufacturing spaces such as aerospace and automotive industries.  

Regional Outlook 

Geographically, the global Industrial sensors market is further classified into North America, Europe, Asia-Pacific and the Rest of the World. North America is estimated to hold a considerable share in the global market. The market growth is attributed to favorable government initiatives in product development along with the collaboration between the private and government sector for the development of AI technology in the manufacturing sector. For instance, in February 2019, the US President signed an Executive order 13859, Maintaining American Leadership in AI to promote AI technology in the US.

Global Industrial Sensors Market Growth, by Region 2019-2025
Global Industrial Sensors Market Share by Region

Asia-Pacific: A Potential Industrial Sensors Market

Asia-Pacific is projected to exhibit a significant growth in the market during the forecast period. The major countries which significantly contribute to the market include China, India, and Japan. The uptake of industrial robots in Asia-Pacific is accelerating at a rapid growth; the operational stock rose 70% to 887,400 units during 2010-2015, as per the International Federation of Robotics. China was the largest market for industrial robots globally, taking 43% of all the sales to Asia that include New Zealand and Australia. The sales in China was followed by the Republic of Korea, with a share of 24% of regional sales, and Japan with 22%. This employs that 89% of the sold robots in Asia and Australia went to these three countries in 2015. China will maintain its dominance; further, around 40% of the global supply will be installed in China by 2020. The growing automation in industries raises the demand for industrial sensors that in turn, contribute to the market growth.

Market Players Outlook

The key players in the industrial sensors market are contributing significantly by providing advanced technology-based products and increasing their geographical presence across the globe. Some of the key players in the market include Honeywell International Inc., Rockwell Automation Inc., Siemens AG, STMicroelectronics International N.V., Texas Instruments Inc., Amphenol Corp., First Sensor AG, Panasonic Corp., Robert Bosch GmbH, among others. These market players adopt various strategies such as product launch, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market. 

The Report Covers

  • Market value data analysis of 2018 and forecast to 2025.
  • Annualized market revenues ($ million) for each market segment.
  • Country-wise analysis of major geographical regions.
  • Key companies operating in the global industrial sensors market. Based on the availability of data, information related to products, and relevant news is also available in the report.
  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
  • Analysis of market-entry and market expansion strategies.
  • Competitive strategies by identifying ‘who-stands-where’ in the market.   

1. Report Summary

1.1. Research Methods and Tools

1.2. Market Breakdown

1.2.1. By Segments

1.2.2. By Geography

2. Market Overview and Insights

2.1. Scope of the Report

2.2. Analyst Insight & Current Market Trends

2.2.1. Key Findings

2.2.2. Recommendations

2.2.3. Conclusion

2.3. Rules & Regulations

3. Competitive Landscape

3.1. Company Share Analysis

3.2. Key Strategy Analysis

3.3. Key Company Analysis

3.3.1. Honeywell International Inc.

3.3.1.1. Overview 

3.3.1.2. Financial Analysis 

3.3.1.3. SWOT Analysis

3.3.1.4. Recent Developments

3.3.2. Rockwell Automation Inc. 

3.3.2.1. Overview 

3.3.2.2. Financial Analysis 

3.3.2.3. SWOT Analysis

3.3.2.4. Recent Developments

3.3.3. Siemens AG

3.3.3.1. Overview 

3.3.3.2. Financial Analysis 

3.3.3.3. SWOT Analysis

3.3.3.4. Recent Developments

3.3.4. STMicroelectronics International N.V. 

3.3.4.1. Overview 

3.3.4.2. Financial Analysis 

3.3.4.3. SWOT Analysis

3.3.4.4. Recent Developments

3.3.5. Texas Instruments Inc. 

3.3.5.1. Overview 

3.3.5.2. Financial Analysis 

3.3.5.3. SWOT Analysis

3.3.5.4. Recent Developments

4. Market Determinants

4.1. Motivators

4.2. Restraints

4.3. Opportunities

5. Market Segmentation

5.1. Global Industrial sensors Market by Sensor Type

5.1.1. Flow Sensor

5.1.2. Pressure Sensor

5.1.3. Proximity Sensor

5.1.4. Level Sensor

5.1.5. Temperature Sensor

5.1.6. Image Sensor

5.1.7. Others (Humidity and Moisture Sensor

5.2. Global Industrial sensors Market by Vertical

5.2.1. Oil & Gas 

5.2.2. Manufacturing

5.2.3. Chemicals

5.2.4. Pharmaceuticals 

5.2.5. Energy & Power

5.2.6. Others

6. Regional Analysis

6.1. North America

6.1.1. United States

6.1.2. Canada

6.2. Europe

6.2.1. UK

6.2.2. Germany

6.2.3. Italy

6.2.4. Spain

6.2.5. France

6.2.6. Rest of Europe 

6.3. Asia-Pacific

6.3.1. China

6.3.2. India

6.3.3. Japan

6.3.4. Rest of Asia-Pacific 

6.4. Rest of the World

7. Company Profiles

7.1. Amphenol Corp.

7.2. ams AG

7.3. Endress+Hauser Management AG

7.4. Figaro Engineering Inc.

7.5. First Sensor AG

7.6. Honeywell International Inc.

7.7. NXP Semiconductors N.V.

7.8. OMEGA Engineering, Inc., a Spectris PLC Company

7.9. OMRON Corp.

7.10. Panasonic Corp.

7.11. Renesas Electronics Corp.

7.12. Robert Bosch GmbH

7.13. Rockwell Automation Inc.

7.14. Safran Colibrys SA

7.15. Sensirion AG

7.16. Siemens AG

7.17. STMicroelectronics International N.V.

7.18. TE Connectivity Ltd.

7.19. Teledyne Technologies Inc.

7.20. Texas Instruments Inc.

1. GLOBAL INDUSTRIAL SENSORS MARKET RESEARCH AND ANALYSIS BY SENSOR TYPE, 2018-2025 ($ MILLION)

2. GLOBAL INDUSTRIAL FLOW SENSOR MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

3. GLOBAL INDUSTRIAL PRESSURE SENSOR MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

4. GLOBAL INDUSTRIAL PROXIMITY SENSOR MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

5. GLOBAL INDUSTRIAL LEVEL SENSOR MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

6. GLOBAL INDUSTRIAL TEMPERATURE SENSOR MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

7. GLOBAL INDUSTRIAL IMAGE SENSOR MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

8. GLOBAL OTHER INDUSTRIAL SENSOR MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

9. GLOBAL INDUSTRIAL SENSORS MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2018-2025 ($ MILLION)

10. GLOBAL INDUSTRIAL SENSORS IN OIL & GAS INDUSTRY MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

11. GLOBAL INDUSTRIAL SENSORS IN MANUFACTURING INDUSTRY MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

12. GLOBAL INDUSTRIAL SENSORS IN CHEMICAL INDUSTRY MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

13. GLOBAL INDUSTRIAL SENSORS IN PHARMACEUTICALS INDUSTRY MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

14. GLOBAL INDUSTRIAL SENSORS IN ENERGY & POWER INDUSTRY MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

15. GLOBAL INDUSTRIAL SENSORS IN OTHER VERTICAL MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

16. GLOBAL INDUSTRIAL SENSORS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2018-2025 ($ MILLION)

17. NORTH AMERICAN INDUSTRIAL SENSORS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)

18. NORTH AMERICAN INDUSTRIAL SENSORS MARKET RESEARCH AND ANALYSIS BY SENSOR TYPE, 2018-2025 ($ MILLION)

19. NORTH AMERICAN INDUSTRIAL SENSORS MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2018-2025 ($ MILLION)

20. EUROPEAN INDUSTRIAL SENSORS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)

21. EUROPEAN INDUSTRIAL SENSORS MARKET RESEARCH AND ANALYSIS BY SENSOR TYPE, 2018-2025 ($ MILLION)

22. EUROPEAN INDUSTRIAL SENSORS MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2018-2025 ($ MILLION)

23. ASIA-PACIFIC INDUSTRIAL SENSORS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)

24. ASIA-PACIFIC INDUSTRIAL SENSORS MARKET RESEARCH AND ANALYSIS BY SENSOR TYPE, 2018-2025 ($ MILLION)

25. ASIA-PACIFIC INDUSTRIAL SENSORS MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2018-2025 ($ MILLION)

26. REST OF THE WORLD INDUSTRIAL SENSORS MARKET RESEARCH AND ANALYSIS BY SENSOR TYPE, 2018-2025 ($ MILLION)

27. REST OF THE WORLD INDUSTRIAL SENSORS MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2018-2025 ($ MILLION)

1. GLOBAL INDUSTRIAL SENSORS MARKET SHARE BY SENSOR TYPE, 2018 VS 2025 (%)

2. GLOBAL INDUSTRIAL SENSORS MARKET SHARE BY VERTICAL, 2018 VS 2025 (%)

3. GLOBAL INDUSTRIAL SENSORS MARKET SHARE BY GEOGRAPHY, 2018 VS 2025 (%)

4. US INDUSTRIAL SENSORS MARKET SIZE, 2018-2025 ($ MILLION)

5. CANADA INDUSTRIAL SENSORS MARKET SIZE, 2018-2025 ($ MILLION)

6. UK INDUSTRIAL SENSORS MARKET SIZE, 2018-2025 ($ MILLION)

7. FRANCE INDUSTRIAL SENSORS MARKET SIZE, 2018-2025 ($ MILLION)

8. GERMANY INDUSTRIAL SENSORS MARKET SIZE, 2018-2025 ($ MILLION)

9. ITALY INDUSTRIAL SENSORS MARKET SIZE, 2018-2025 ($ MILLION)

10. SPAIN INDUSTRIAL SENSORS MARKET SIZE, 2018-2025 ($ MILLION)

11. ROE INDUSTRIAL SENSORS MARKET SIZE, 2018-2025 ($ MILLION)

12. INDIA INDUSTRIAL SENSORS MARKET SIZE, 2018-2025 ($ MILLION)

13. CHINA INDUSTRIAL SENSORS MARKET SIZE, 2018-2025 ($ MILLION)

14. JAPAN INDUSTRIAL SENSORS MARKET SIZE, 2018-2025 ($ MILLION)

15. REST OF ASIA-PACIFIC INDUSTRIAL SENSORS MARKET SIZE, 2018-2025 ($ MILLION)

16. REST OF THE WORLD INDUSTRIAL SENSORS MARKET SIZE, 2018-2025 ($ MILLION)

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