The global industrial sensors market is set to experience considerable growth as smart sensors find a rising demand in supply chain management systems. Valuable market insights have been shared by Fortune Business Insights in its report, titled “Industrial Sensors Market Size, Share And Global Trend By Type (Contact, Non-contact), By Sensor (Level Sensor, Image Sensor, Gas Sensor, Pressure Sensor, Flow Sensor, Temperature Sensor, Humidity Sensor), By End-Use Industry (Chemical, Pharmaceutical, Manufacturing, Mining, Energy & Power, Oil, and Gas), And Geography Forecast Till 2026”. The report provides an in-depth analysis of market trends and the key factors that will influence market growth in the forecast period. A sensor is a device that is used to sense any change in its surroundings such as temperature, pressure, and humidity and respond accordingly. Industrial sensors enable equipment, products, and the physical environment in a workplace such as a factory to become more intelligent and adaptive. Sensors mostly operate using semiconductors and are, therefore, also known as semiconductor sensors. The most commonly used sensors in industries are temperature sensors, pressure sensors, MEMS sensors, and torque sensors.
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Top Players Overview:
- Rockwell Automation
- Amphenol Corporation
- Texas Instruments Incorporated
- Panasonic Corporation
- ST Microelectronics
- First Sensor
- Bosch Sensortec
- Siemens AG
- Honeywell International Inc.
- NXP Semiconductors
- TE Connectivity
Rising Demand for Smart Sensors to Fuel the Market
Growing awareness of the benefits of smart sensors is expected to accelerate the growth of the global industrial sensors market during the forecast period. Smart sensors enable more intelligent and automated monitoring of different environmental factors such as temperature and humidity. They can also help in preventing or mitigating imminent disasters. For example, image sensors can be deployed to anticipate train crashes by cautioning the driver of any approaching dangers. Pressure sensors have been used extensively in healthcare such as in ventilator machines and oxygen concentrators. Widespread applicability of these devices will play a key role in augmenting the global industrial sensors market till 2026.
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Key Industry Developments
- December 2018: Metso expanded its digital Metso Metrics offering with the launch of a new predictive maintenance solution for mining equipment. This initiative is aimed to help maximize the uptime and performance of comminution circuits.
- November 2018: Texas Instruments announced the launch of its 60-GHz sensor portfolio, to drive millimeter-wave sensor development in overall present-day applications, the most critical objectives single-chip, corresponding metal-oxide-semiconductor (CMOS), for mechanical structures.
- October 2018: Texas Instruments launched TMP117x, a new edition in digital temperature sensors. This 16-bit, single-chip sensor device offers an accuracy of ±0.1°Celcius over wide temperature ranges.
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Asia Pacific to Hold Significant Market Share
The Asia-Pacific region is going through a phase of heightened industrialization, particularly India and China. As a result, the region is expected to occupy a prominent market position and make a marked contribution to market revenue during the forecast period. Demand for better management and production processes from this region will boost the global industrial sensors market.
North America and Europe are also set to emerge as key regions in the global industrial sensors market till 2026. Main factors fuelling the expansion of market in these continents are rising demand for Internet of Things (IoT), advancement in self-driving vehicles, and presence of large companies investing in this technology
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Major Table of Content For Industrial Sensors Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Industrial Sensors Market Analysis, Insights and Forecast, 2026
- North America Industrial Sensors Market Analysis, Insights and Forecast, 2026
- Europe Industrial Sensors Market Analysis, Insights and Forecast, 2026
- Asia Pacific Industrial Sensors Market Analysis, Insights and Forecast, 2026
- The Middle East and Africa Industrial Sensors Market Analysis, Insights and Forecast, 2026
- Latin America Industrial Sensors Market Analysis, Insights and Forecast, 2026
- Competitive Landscape
- Company Profile
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