The Global Industrial sensors market is expected to grow from USD 20.6 billion in 2021 to USD 31.9 billion by 2026; it is expected to grow at a CAGR of 9.1% during 2021-2026.
Key factors fuelling this market's growth include rising adoption of Industrial 4.0 and IIoT in manufacturing; surging demand for smart sensor-enabled wearable devices; and technological advancements in the industrial sensor. Predictive maintenance to offer lucrative opportunities to market players; and increasing demand from automobile manufacturers to deliver improved safety and comfort for smart sensors create a strong demand for industrial sensors for efficient industrial operations in the midst of COVID-19.
Level sensors to hold the largest size of Industrial Sensors market in 2020
The market for level sensors accounted for the largest size in 2020. A level sensor is used to detect and measure the level of liquids, bulk solids, and other fluids. The level measurement is either continuous or in the form of point values. The need for level sensor arises due to various factors, such as the need for accuracy, appearance, response rate; ease of calibration of instruments; size of the instrument; monitoring and/or controlling of continuous or point level.
Contact type to hold largest share of Industrial Sensors market in 2020
The market for contact type sensors is estimated to account for a larger share of the overall Industrial Sensors market, in 2020. Contact level sensors involve physical contact between the device (comprising contact type industrial sensor) and media. The technologies used in contact type level sensors are magneto resistive, vibratory probe, hydrostatic, magnetic and mechanical float, pneumatic, rotating paddle, resistive chain, and weight and chain. Some of the most common types of contact type sensors are temperature sensors, pressure sensors, force sensors, flow sensors, etc.
APAC to dominate Industrial Sensors market in 2020
In terms of value, APAC led the Industrial Sensors market in 2020, accounting for the largest share of the overall Industrial Sensors market, by region. As China is among the major industrial areas in the world, the industrial sensors market in APAC is expected to record the largest market share by 2026. Key countries for the industrial sensors market in APAC are China and Japan. APAC has vast opportunities for revenue generation from the industrial sector in the coming years.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in Industrial Sensors Market 4.2 Industrial Sensors Market, by Type 4.3 Industrial Sensors Market, by Sensor Type 4.4 Industrial Sensors Market in Apac, by End-User Industry and Country 4.5 Industrial Sensors Market, by Country
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 126.96.36.199 Rising Adoption of Industry 4.0 and IIoT in Manufacturing 188.8.131.52 Surging Demand for Smart Sensor-Enabled Wearable Devices 184.108.40.206 Growing Technological Advancements in Industrial Sensors 5.2.2 Restraints 220.127.116.11 Competitive Pricing Resulting in Decline in Average Selling Prices 18.104.22.168 High Installation Cost of Sensor Networks 5.2.3 Opportunities 22.214.171.124 Predictive Maintenance to Offer Lucrative Opportunities to Market Players 126.96.36.199 Increasing Demand from Automobile Manufacturers to Deliver Improved Safety and Comfort for Smart Sensors 5.2.4 Challenges 188.8.131.52 Precise Performance Requirements from Upcoming Advanced/ Technologically Sensors 5.3 Value Chain Analysis 5.4 Industrial Sensor Ecosystem 5.5 Trends and Disruptions Impacting Businesses of Customers 5.6 Porter's Five Forces Analysis 5.7 Case Study Analysis 5.7.1 Forbo Uses Icenta Controls Ic-Lpm Flow Meter 5.7.2 Major Agricultural Machinery Company Started Using Wika's Level Sensors 5.7.3 Pressure Sensor Package Developed with Reduced Footprint 5.7.4 Refinery Improves Vacuum Tower Level Measurement with Siemens Rosemount 3051S Ers and Thermal Range Expander 5.7.5 Innovative Gas Sensor Network Monitors Using Alphasense's (Uk) So2 Sensors in Hawaii 5.7.6 Co2Meter Inc.(Us) Uses Gas Sensing Solutions' (Gss) (Us) Sensors as Its Co2 Alarms 5.8 Technology Trends 5.8.1 Seed Technology 5.8.2 Ubiquitous Sensor Networks 5.8.3 Electronic Nose (E-Nose) 5.8.4 Printed Gas Sensors 5.8.5 Mems Temperature Sensor 5.8.6 Miniature Fiber Optic Temperature Sensor 5.9 Patent Analysis 5.9.1 Patent Registrations, 2018-2021 5.9.2 Industrial Sensor: Patent Analysis 184.108.40.206 Methodology 220.127.116.11 Document Type 18.104.22.168 Insight 5.10 Average Selling Price Analysis 5.11 Trade Analysis 5.11.1 Import Scenario of Hs Code 902690 5.11.2 Export Scenario of Hs Code 902690 5.12 Tariff 5.12.1 Tariffs 5.13 Government Regulations and Standards
6 Industrial Sensors Market, by Technology 6.1 Introduction 6.2 Major Packaging Types Considered in Industrial Sensors Market 6.2.1 Introduction 6.2.2 System-In-Package (Sip) 22.214.171.124 Rising Demand for Miniaturization and Higher Functionality of Devices to Drive Demand for Sip Technology 6.2.3 System-On-Chip (Soc) 126.96.36.199 Benefits Associated with Soc Such as Compactness, Portability, High Reliability, Fast Circuit Operation, and Small Form Factor to Propel Market Growth 6.3 Mems Technology 6.3.1 Increasing Adoption of Mems Technology-Based Industrial Sensors in Various Process Industries to Boost Market Growth 6.3.2 Role of Very-Large-Scale Integration Technology (Vlsi) 6.3.3 Relevance of Nanoelectromechanical Systems (Nems) 6.3.4 Merits and Demerits of Mems Technology 6.4 Cmos Technology 6.4.1 Characteristics Such as Low Static Power Consumption and High Noise Immunity are Driving Demand for Cmos Technology 6.4.2 Merits and Demerits of Cmos Technology 6.5 Optical Sensing 6.5.1 Optical Pressure Sensors are Widely Used in Healthcare Industry 6.6 Other Technologies 6.6.1 Optical Spectroscopy 6.6.2 Microsystems Technology (Mst) 6.6.3 Integrated Industrial Sensor - Hybrid Sensor 6.6.4 Ic-Compatible 3D Microstructuring 6.6.5 Application-Specific Integrated Circuit (Asic)
7 Industrial Sensors Market, by Sensor Type 7.1 Introduction 7.2 Level Sensors 7.2.1 Growing Use of Level Sensors in Processing Industries 7.3 Temperature Sensors 7.3.1 Automotive and Pharmaceuticals Industries to Propel Demand for Temperature Sensors 7.4 Flow Sensors 7.4.1 Flow Sensors are Widely Used in Automotive, Aerospace, Medical, and Building Automation Industries to Measure Rate of Fluid Flow 7.5 Gas Sensors 7.5.1 Rising Air Pollution Levels to Boost Demand for Gas Sensors 7.6 Position Sensors 7.6.1 Major Types of Position Sensors 188.8.131.52 Linear Position Sensors 184.108.40.206.1 Linear Position Sensors Held Largest Market Share in 2020 220.127.116.11 Rotary Position Sensors 18.104.22.168.1 Rotary Position Sensors Used to Measure the Rotational or Angular Movement of an Object. 7.7 Pressure Sensors 7.7.1 Increasing Application of Pressure Sensors in Automotive Industry to Drive Market Growth 7.8 Force Sensors 7.8.1 Increasing Use of Force Sensors in Various Industrial Applications to Boost Market Growth 7.9 Humidity and Moisture Sensors 7.9.1 Types of Humidity Sensors 22.214.171.124 Capacitive Humidity Sensors 126.96.36.199.1 Capacitive Humidity Sensors are Suitable for Operations in Temporary High Temperatures 188.8.131.52 Resistive Humidity Sensors 184.108.40.206.1 Resistive Humidity Sensors Require More Complex Circuitry 7.1 Image Sensors 7.10.1 Image Sensors Segment to Register Highest CAGR from 2021 to 2026
8 Industrial Sensors Market, by Type 8.1 Introduction 8.2 Contact Sensors 8.2.1 Contact Sensors Require Physical Contact with Substance/Object/Source 8.3 Non-Contact Sensors 8.3.1 Non-Contact Sensors Do Not Require Physical Touch Between Sensors and Objects Being Monitored to Function
9 Industrial Sensors Market, by End-User Industry 9.1 Introduction 9.2 Manufacturing 9.2.1 Surge in Adoption of Industrial Automation and IIoT in Automotive and Process Industries to Drive Market 9.3 Oil & Gas 9.3.1 Need to Enhance Safety and Improve Production Yields to Boost Use of Industrial Sensors in Oil & Gas Industry 9.4 Chemicals 9.4.1 Sensors are Used in Chemicals Industry to Ensure Safety and for Continuous Chemical Process Monitoring 9.5 Pharmaceuticals 9.5.1 Heightened Demand for Sensors by Pharmaceutical Companies for Supervision and Management of Various Processes Occurring on Production Floor to Augment Market Growth 9.6 Energy & Power 9.6.1 Increasing Renewable Power Generation is Positively Impacting Industrial Sensors Market 9.7 Mining 9.7.1 Increasing Need for Safety in Mining Industry is Driving Demand for Sensors
10 Geographic Analysis
11 Competitive Landscape 11.1 Introduction 11.2 Key Player Strategies/Right to Win 11.2.1 Product Portfolio 11.2.2 Regional Focus 11.2.3 Manufacturing Footprint 11.2.4 Organic/Inorganic Growth Strategies 11.3 Market Share Analysis, 2020 11.4 Revenue Analysis of Top Players in Industrial Sensors Market 11.5 Company Evaluation Quadrant 11.5.1 Star 11.5.2 Pervasive 11.5.3 Emerging Leader 11.5.4 Participant 11.6 Startup/Sme Evaluation Quadrant 11.6.1 Progressive Company 11.6.2 Responsive Company 11.6.3 Dynamic Company 11.6.4 Starting Block 11.7 Company Footprint 11.8 Competitive Situation and Trends 11.8.1 Product Launches & Developments 11.8.2 Deals 11.8.3 Others
12 Company Profiles 12.1 Key Players 12.1.1 Rockwell Automation 12.1.2 Honeywell 12.1.3 Texas Instruments 12.1.4 Panasonic 12.1.5 Stmicroelectronics 12.1.6 Te Connectivity 12.1.7 Siemens 12.1.8 Amphenol Corporation 12.1.9 Dwyer Instruments 12.1.10 Bosch Sensortec 12.2 Other Key Players 12.2.1 Omega Engineering 12.2.2 Sensirion Ag 12.2.3 Ams Ag 12.2.4 Microchip Technology Inc. 12.2.5 Abb Ltd. 12.2.6 Nxp Semiconductors N.V. 12.2.7 Endress+Hauser Management Ag 12.2.8 Figaro Engineering Inc. 12.2.9 Safran Colibrys Sa 12.2.10 Analog Devices, Inc. 12.2.11 Infineon Technologies Ag 12.2.12 Renesas Electronics Corporation (Renesas) 12.2.13 Breeze Technologies 12.2.14 Elichens 12.2.15 Edinburgh Sensors