Industrial Sensors Market by Type, Sensor, Technology, End-Use Industry

List of Tables

[185 Pages Report] The Industrial Sensors Market size was estimated at USD 25.26 billion in 2023 and expected to reach USD 27.93 billion in 2024, at a CAGR 10.64% to reach USD 51.28 billion by 2030.

Industrial sensors are devices designed to detect, measure, and transmit data about specific physical properties within industrial environments. These properties may include temperature, pressure, level, flow, force, and displacement. Sensors are integral components in the monitoring and control systems of various industries, aiding in the automation process and ensuring the safety, efficiency, and quality of production. The growing adoption of Industry 4.0 practices, which depends heavily on data collection and analysis for improved efficiency, advances in Internet of Things (IoT) integration allow for real-time monitoring and predictive maintenance and regulatory pressures for better safety measures and environmental regulations enforce the use of sensors to comply with strict standards in the industries. However, integrating new sensors with existing systems and ensuring compatibility can be complex, impeding market growth. Nevertheless, the push for energy-efficient solutions and wireless sensor network technology expansion is expected to present opportunities for innovating more flexible and scalable sensor deployments across various industrial sectors.

KEY MARKET STATISTICS
Base Year [2023]	USD 25.26 billion
Estimated Year [2024]	USD 27.93 billion
Forecast Year [2030]	USD 51.28 billion
CAGR (%)	10.64%

Type: Burgeoning adoption of noncontact sensors to offer higher precision and speed

Contact sensors require physical interaction to detect changes in the environment or object they monitor. These include limit switches, vibration sensors, and pressure sensors that must touch the object to sense its presence or characteristics. The need-based preference for contact sensors arises in applications where robustness and reliability are crucial and environmental conditions permit physical contact without sensor damage or malfunction. Noncontact sensors utilize various technologies to detect objects, movements, or changes without requiring physical contact. This category includes sensors based on optical, ultrasonic, capacitive, and magnetic principles. These are preferred in applications where the sensor may be subjected to extreme conditions, including extreme temperatures and corrosive materials, or in areas where physical contact is not feasible due to contamination risks.

Sensor: Increasing utilization of level sensors in wide industrial application

Flow sensors are integral in industries where fluid and gas flow regulation is crucial. They ensure efficiency through accurate regulation, helping industries reduce waste and improve system performance. Force sensors are critical in process control, testing, and robotic systems. Preference for these sensors arises from their need to measure loads and prevent equipment overload. Image sensors have soared in significance owing to surging demand for automation, especially for vision-based inspection systems. Level sensors are vital in chemical, water treatment, and food & beverage industries where monitoring the level of liquids, powders, or granular materials is essential for process control. Position Sensors are used for determining the physical position of equipment; preference for these sensors usually depends on their robustness and precision required in harsh industrial settings. Angular Position Sensors, also known as rotary position sensors, are designed to measure the rotational positions of components. These sensors are crucial in industrial applications for precision control and positioning. Linear position sensors measure linear displacement or distance traveled in industrial systems. Their operational technology can be based on various methods such as magnetostriction, capacitance, laser, and more, each with its unique set of advantages for different applications. Pressure sensors ensure operational safety and performance in environments with gases or liquids under pressure. Temperature sensors are ubiquitous in nearly all manufacturing processes where temperature monitoring is vital for product quality and safety procedures.

Technology: Proliferating use of CMOS Technology owing to its low power consumption ability

An Application-Specific Integrated Circuit (ASIC) is a type of chip designed for a particular application. In the context of industrial sensors, ASICs are developed to manage sensor data efficiently, providing tailored processing capabilities and enhanced performance. Due to their specific use-case design, they are often preferred in high-volume production applications where cost per unit is critical. Complementary Metal-Oxide-Semiconductor (CMOS) technology is used to fabricate electronic circuits. CMOS sensors are prevalent in the industry due to their low power consumption and ability to integrate several analog and digital functions. Hybrid sensors combine two or more types of sensing technologies to leverage the advantages of each and improve overall sensor performance. These sensors offer enhanced accuracy and reliability, particularly in challenging industrial environments. Integrated Circuit (IC)-Compatible 3D Microstructuring relates to creating microscale three-dimensional structures compatible with standard IC processing methods. This technology allows the development of more sophisticated sensors with compact designs and multi-axis sensing capabilities. System-in-Package (SiP) technology integrates multiple integrated circuit (IC) components, such as sensors, actuators, microprocessors, or memory, into a single module or package. This approach allows for considerable space savings on a circuit board, which is particularly beneficial in compact industrial sensor designs. System-on-chip (SoC) integrates all needed electronic circuits and other electronic systems onto a single, compact chip. The SoC typically includes a central processing unit (CPU), memory, input/output ports, and secondary storage - all on a single substrate. Micro-Electro-Mechanical Systems (MEMS) Technology involves microscopic devices that merge mechanical and electronic components. MEMS sensors are viral due to their small size and high performance, making them suitable for various industrial applications. Microsystems technology is an advanced integration of microelectronics with micro-mechanical elements, leading to competent micro-scale systems. These integrated systems can incorporate sensing, actuation, and processing capabilities. Optical spectroscopy sensors are used to analyze the composition of materials by measuring their interaction with light. This technology is vital for applications like gas detection, quality control, and safety measures in industrial settings.

End-Use Industry: Evolving application of industrial sensors in chemical industries

The automotive sector extensively uses sensors for various applications such as vehicle diagnostics, safety, and comfort systems. With the advancement of autonomous vehicles and increasing demand for electric cars, the need for precision sensors has skyrocketed. Automotive manufacturers prioritize durability and accuracy, given the operating conditions of these sensors. In the chemical industry, sensors are crucial for monitoring processes, ensuring safety, and controlling the quality of products. There is a high demand for sensors that can withstand corrosive environments and offer precise measurements. The construction sector utilizes sensors primarily for automating and monitoring machinery, as well as for safety purposes. Robustness to withstand harsh environments is a critical need-based preference. Food processing requires sensors that adhere to strict hygiene and health regulations. This industry favors sensors that can operate effectively in varying temperatures and are easy to clean. Durability and precision are critical in the hostile environment of the metal and mining industry. Sensors monitor equipment, detect hazardous gases, and control processes. Sensors are indispensable for power plants' efficient and safe operation in power generation. The need for high-temperature and pressure-resistant sensors is prevalent. The pulp and paper industry has a specific requirement for humidity and chemical-resistant sensors used to control and optimize manufacturing processes. Sensors in the textile industry are commonly utilized to automate textile machinery and ensure consistent product quality. There is a particular focus on sensors that provide detailed data analysis for enhancing production techniques.

Regional Insights

In the Americas, the market for industrial sensors is driven by technological advancements, an increase in the adoption of smart manufacturing, and the Industrial Internet of Things (IIoT). As a result, sensor manufacturers in the U.S. are investing heavily in research and development. Furthermore, an emphasis on energy-efficient and innovative sensor technologies due to environmental concerns and governmental regulations with strategic partnerships are also shaping the competitive landscape for industrial sensors. The Asia Pacific region is witnessing rapid growth in the industrial sensors market due to large-scale industrialization, urbanization, and the rise in manufacturing activities. Furthermore, the industrial sensor market is booming in the Asia Pacific due to the local and international investment in the electronics, automotive, and textile industries. In addition, technological innovation and precision engineering, with an established semiconductor industry, play a vital role in the sensor market. Within the EU countries, advancements in manufacturing and automation, driven by Industry 4.0, are creating robust demand for industrial sensors. On the other hand, the Middle East, with its wealth in oil and gas operations, prioritizes rugged and reliable sensors capable of withstanding extreme environments. The region is also seeing growth in construction and infrastructure, spurring demand in related sectors. With its emerging markets and developmental focus, Africa presents a diverse landscape. While the demand for industrial sensors is increasing, it is also marked by a need for affordable and adaptable solutions due to heterogeneous market conditions across African countries.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Industrial Sensors Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Industrial Sensors Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Industrial Sensors Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Amphenol Corporation, Ams AG, Baumer Holding AG, Bosch Sensortec GmbH, Contrinex AG, FANUC Corporation, Figaro Engineering, Inc., Honeywell International Inc., Infineon Technologies AG, Kuka AG, Microchip Technology Inc., Mitsubishi Electric Corporation, Novanta Inc., Omron Corporation, Panasonic Corporation, Qualcomm Technologies, Inc., Renesas Electronics Corporation, Rockwell Automation, Inc., Seiko Epson Corporation, Siemens AG, Sony Corporation, STMicroelectronics N.V., TE Connectivity Ltd., and Tekscan, Inc..

Market Segmentation & Coverage

This research report categorizes the Industrial Sensors Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Contact
- Noncontact

Sensor
- Flow Sensor
- Force Sensor
- Image Sensor
- Level Sensor
- Position Sensors
  - Angular Position Sensor
  - Linear Position Sensor

Pressure Sensor
Temperature Sensor

Technology
- Application-Specific Integrated Circuit
- CMOS Technology
- Hybrid Sensor
- IC-Compatible 3D Microstructuring
- Major Packaging
  - System-in-package
  - System-on-chip

MEMS Technology
Microsystems Technology
Optical Spectroscopy

End-Use Industry
- Automotive
- Chemical
- Construction
- Food Processing
- Metal & Mining
- Power Generation
- Pulp & Paper
- Textile

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Industrial Sensors Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Industrial Sensors Market?

3. What are the technology trends and regulatory frameworks in the Industrial Sensors Market?

4. What is the market share of the leading vendors in the Industrial Sensors Market?

5. Which modes and strategic moves are suitable for entering the Industrial Sensors Market?

Product Code: MRR-4F4C36263201

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing adoption of Industry 4.0 practices and IIoT in manufacturing
  - 5.1.1.2. Regulatory pressures for better safety measures and environmental regulations
  - 5.1.1.3. Rising emphasis on the use of remote monitoring and predictive maintenance
- 5.1.2. Restraints
  - 5.1.2.1. High upfront cost of advanced sensor systems
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing research on incorporating AI and machine learning with sensors and miniaturization of sensors
  - 5.1.3.2. Expansion of wireless sensor network technology
- 5.1.4. Challenges
  - 5.1.4.1. Complexity involved in integrating new sensors with existing systems
5.2. Market Segmentation Analysis
- 5.2.1. Type: Burgeoning adoption of noncontact sensors to offer higher precision and speed
- 5.2.2. Sensor: Increasing utilization of level sensors in wide industrial application
- 5.2.3. Technology: Proliferating use of CMOS Technology owing to its low power consumption ability
- 5.2.4. End-Use Industry: Evolving application of industrial sensors in chemical industries
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Industrial Sensors Market, by Type

6.1. Introduction
6.2. Contact
6.3. Noncontact

7. Industrial Sensors Market, by Sensor

7.1. Introduction
7.2. Flow Sensor
7.3. Force Sensor
7.4. Image Sensor
7.5. Level Sensor
7.6. Position Sensors
7.7. Pressure Sensor
7.8. Temperature Sensor

8. Industrial Sensors Market, by Technology

8.1. Introduction
8.2. Application-Specific Integrated Circuit
8.3. CMOS Technology
8.4. Hybrid Sensor
8.5. IC-Compatible 3D Microstructuring
8.6. Major Packaging
8.7. MEMS Technology
8.8. Microsystems Technology
8.9. Optical Spectroscopy

9. Industrial Sensors Market, by End-Use Industry

9.1. Introduction
9.2. Automotive
9.3. Chemical
9.4. Construction
9.5. Food Processing
9.6. Metal & Mining
9.7. Power Generation
9.8. Pulp & Paper
9.9. Textile

10. Americas Industrial Sensors Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Industrial Sensors Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Industrial Sensors Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. ABB Acquires Optical Sensor Company
- 13.3.2. TDK Invests in 2X Increased Production Capacity for TMR Magnetic Sensors
- 13.3.3. New Humidity Sensor for Challenging Industrial Applications
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio