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Industrial Sensors Trends and Forecast

The future of the global industrial sensors market looks promising with opportunities in the manufacturing, oil & gas, chemical, pharmaceutical, energy & power and mining markets. The global industrial sensors market is expected to reach an estimated $40.0 billion by 2030 with a CAGR of 9.5% from 2024 to 2030. The major drivers for this market are rising adoption of industrial 4.0 and IoT in manufacturing, rising demand for smart sensor-enabled wearable devices, and improvements in industrial sensor technology.
Industrial Sensors by Sensor Type, and End Use Industry
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Industrial Sensors by Segments

Industrial Sensors by Segment

The study includes a forecast for the global industrial sensors by sensor type, end use industry, and region

Industrial Sensors Market by Sensor Type [Shipment Analysis by Value from 2018 to 2030]:
• Image Sensor
• Pressure Sensor
• Temperature Sensor
• Level sensors
• Position Sensor
• Humidity Sensor
• Force Sensor
• Others



Industrial Sensors Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Manufacturing
• Oil & Gas
• Chemical
• Pharmaceutical
• Energy & Power
• Mining
• Others




























Industrial Sensors Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Industrial Sensors Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies industrial sensors companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the industrial sensors companies profiled in this report include-
• Honeywell
• Texas Instruments
• Siemens
• ABB
• Amphenol Corporation
• Te Connectivity
• Rockwell Automation
• Nxp Semiconductor
• Infineon Technologies
• Renesas Electronics


Industrial Sensors Market Insights
Lucintel forecast that image sensor is expected to witness highest growth over the forecast period.
Within this market, manufacturing will remain the largest segment.
APAC is expected to witness highest growth over the forecast period.

Features of the Global Industrial Sensors Market

Market Size Estimates: Industrial sensors market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Industrial sensors market size by sensor type, end use industry, and region in terms of value ($B).
Regional Analysis: Industrial sensors market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different sensor type, end use industry, and regions for the industrial sensors market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the industrial sensors market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the industrial sensors market size?
Answer: The global industrial sensors market is expected to reach an estimated $40.0 billion by 2030.

Q.2 What is the growth forecast for industrial sensors market?
Answer: The global industrial sensors market is expected to grow with a cagr of 9.5% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the industrial sensors market?
Answer: The major drivers for this market are rising adoption of industrial 4.0 and IoT in manufacturing, rising demand for smart sensor-enabled wearable devices, and improvements in industrial sensor technology.

Q4. What are the major segments for industrial sensors market?
Answer: The future of the industrial sensors market looks promising with opportunities in the manufacturing, oil & gas, chemical, pharmaceutical, energy & power, and mining markets.

Q5. Who are the key Industrial Sensors Market companies?
Answer: Some of the key industrial sensors companies are as follows:
• Honeywell
• Texas Instruments
• Siemens
• ABB
• Amphenol Corporation
• Te Connectivity
• Rockwell Automation
• Nxp Semiconductor
• Infineon Technologies
• Renesas Electronics



Q6. Which industrial sensors market segment will be the largest in future?
Answer: Lucintel forecast that image sensor is expected to witness highest growth over the forecast period .

Q7. In industrial sensors market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.

Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the industrial sensors market by sensor type (image sensor, pressure sensor, temperature sensor,level sensors, position sensor, humidity sensor, force sensor, and others), end use (manufacturing, oil & gas, chemical, pharmaceutical, energy & power, mining, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

For any questions related to Industrial Sensors Market, Industrial Sensors Market Size, Industrial Sensors Market Growth, Industrial Sensors Market Analysis, Industrial Sensors Market Report, Industrial Sensors Market Share, Industrial Sensors Market Trends, Industrial Sensors Market Forecast, Industrial Sensors Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents

1. Executive Summary

2. Global Industrial Sensors Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges 

3. Market Trends and Forecast Analysis from 2018 to 2030
3.1: Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2: Global Industrial Sensors Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Industrial Sensors Market by Sensor Type
3.3.1: Image Sensor
3.3.2: Pressure Sensor
3.3.3: Temperature Sensor
3.3.4: Level sensors
3.3.5: Position Sensor
3.3.6: Humidity Sensor
3.3.7: Force Sensor
3.3.8: Others
3.4: Global Industrial Sensors Market by End Use Industry
3.4.1: Manufacturing
3.4.2: Oil & Gas
3.4.3: Chemical
3.4.4: Pharmaceutical
3.4.5: Energy & Power
3.4.6: Mining
3.4.7: Others

4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Industrial Sensors Market by Region
4.2: North American Industrial Sensors Market
4.2.1: North American Industrial Sensors Market by End Use Industry: Manufacturing, Oil & Gas, Chemical, Pharmaceutical, Energy & Power, Mining and Others
4.3: European Industrial Sensors Market
4.3.1: European Industrial Sensors Market by Sensor Type : Image Sensor, Pressure Sensor, Temperature Sensor, Level sensors, Position Sensor, Humidity Sensor, Force Sensor, and Others
4.3.2: European Industrial Sensors Market by End Use Industry: Manufacturing, Oil & Gas, Chemical, Pharmaceutical, Energy & Power,Mining and Others
4.4: APAC Industrial Sensors Market
4.4.1: APAC Industrial Sensors Market by Sensor Type : Image Sensor, Pressure Sensor, Temperature Sensor, Level sensors, Position Sensor, Humidity Sensor, Force Sensor, and Others
4.4.2: APAC Industrial Sensors Market by End Use Industry: Manufacturing, Oil & Gas, Chemical, Pharmaceutical, Energy & Power,Mining and Others
4.5: ROW Industrial Sensors Market
4.5.1: ROW Industrial Sensors Market by Sensor Type : Image Sensor, Pressure Sensor, Temperature Sensor, Level sensors, Position Sensor, Humidity Sensor, Force Sensor, and Others
4.5.2: ROW Industrial Sensors Market by End Use Industry: Manufacturing, Oil & Gas, Chemical, Pharmaceutical, Energy & Power,Mining and Others

5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Industrial Sensors Market by Sensor Type
6.1.2: Growth Opportunities for the Global Industrial Sensors Market by End Use Industry
6.1.5: Growth Opportunities for the Global Industrial Sensors Market by Region
6.2: Emerging Trends in the Global Industrial Sensors Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Industrial Sensors Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Industrial Sensors Market
6.3.4: Certification and Licensing

7. Company Profiles of Leading Players
7.1: Honeywell International
7.2: Emerson Electric
7.3: Siemens
7.4: ABB
7.5: Analog Devices
7.6: Infineon Technologies
7.7: Texas Instruments
7.8: STMicroelectronics
7.9: Robert Bosch

.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.

Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.

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