PUBLISHER: Industry Experts | PRODUCT CODE: 1473270
PUBLISHER: Industry Experts | PRODUCT CODE: 1473270
Industrial sensors offer the capability of perceiving a physical quantity at the input point and transmitting an equivalent electrical output at the output point. Sensors, being devices that convert one form of energy into another, are considered to be transducers. In simple terms, sensors are able to detect their surroundings and transform that input into an output capable of being comprehended by a computer or a process controller. Irrespective of complexity, the role played by industrial sensors in virtually every modern manufacturing process is highly significant, owing to which it is inconceivable to imagine an automated system without sensors.
A shift towards the concept of Industry 4.0 and wider automation protocols has propelled the use of sensors in various manufacturing operations, as these devices enable in maximizing efficiency of operations and also increasing production uptime. With growth in demand for industrial automation, a subsequent rise in sensor deployment across various stages of manufacturing and product control has become vital.
North America, Europe and Asia-Pacific account for nearly 80% of the global market for Industrial Sensors based on type and functionality. Among these, Asia-Pacific is likely to emerge as the fastest growing market, with an expected CAGR of over 12% during the analysis period. This can be attributed to increasing technological advancements and rapid industrialization, plus to fact that the region has for long been the hub of electronics manufacturing, and the use of sensors in this area is widespread.
The market for types of Industrial Sensors analyzed in this report including:
Functionality types of Industrial Sensors market analyzed in this report consist the following:
The report analyzes the market for end-use industries of Industrial Sensors comprises:
The report reviews, analyzes and projects the global Engineering Plastics market for the period 2020-2029 in terms of value in US$ and the compound annual growth rates (CAGRs) projected from 2023 through 2029.