The industrial sensors market size is set to grow by USD 21.26 billion, between 2021 and 2025, accelerating at a CAGR of over 8% during the forecast period. The market is driven by factors such as the rise in demand for smart factories and IIoT, miniaturization of industrial sensors, and increase in demand for wireless sensors by process industries. However, growing challenges in delivering high-quality at low cost will restrict the market growth.
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Industrial Sensors Market: Product Landscape
By product, the market witnessed maximum growth in the pressure industrial sensors segment in 2020. The strong, robust, precise, and easy-to-use nature of pressure sensors is driving the growth of the segment. The market growth in the segment will be maximum during the forecast period.
Industrial Sensors Market: Geographic Landscape
By geography, APAC is going to have a lucrative growth during the forecast period. About 44% of the market's overall growth is expected to originate from APAC. The thriving automotive and manufacturing sectors are contributing to the growth of the industrial sensors market in APAC. China and Japan are the key markets for industrial sensors in APAC.
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Industrial Sensors Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of over 8%
Market growth 2021-2025
$ 21.26 billion
YoY growth (%)
APAC, Europe, North America, MEA, and South America
Performing market contribution
APAC at 44%
Key consumer countries
US, China, Japan, Germany, and France
Leading companies, competitive strategies, consumer engagement scope
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
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