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Pulished Date May, 2020
ID: 9540
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Industrial Sensors Market Segmentation by Sensor (Level Sensor, Image Sensor, Gas Sensor, Pressure Sensor, Position Sensor, Temperature Sensor, Flow Sensor, Force Sensor, and Humidity & Moisture Sensor), by Type (Contact and Noncontact), and by Application (Manufacturing, Chemicals, Pharmaceuticals, Energy & Power, Mining, and Oil & Gas) – Forecast to 2025

Pulished: May, 2020
ID: 9540
Pages: 175

Market Overview

The Global Industrial Sensors Market is supposed to rise in a considerable way during the forecast period. It is estimated that the target market is growing from USD 18 billion in 2019 to USD 24.3 billion by 2025, at a CAGR of 6.16% between 2020 and 2025. Sensors are the devices that identify the progressions in physical, electrical or other quantities to deliver yield as an affirmation of progress in the amount. Sensors that are meant to work for any detecting jobs in industries are known as Industrial sensors. These industrial sensors are employed to ensure better communication, along with precise coordination between the factories.

The growth of the target market is attributed to the rising demand for smart factories and the advent of industrial IoT (IIoT). As a result of the IIoT emergence, the assimilation of intelligent machines, industrial robots, warehouses, and entire production facilities has become convenient, which are eventually aiding smart factories for meeting the corporate goals as well as achieve key performance indicators (KPIs). The usage of these industrial sensors by smart factories helps operators in taking relevant floor decisions with the help of real-time information. Additionally, the critical information which was provided by these industrial sensors is also employed to guide the robots and machines in performing the production and assembly processes in an efficient way. And with increasing awareness of IIoT in numerous end-user industries of the emerging economies all around the world is propelling the demand for these sensors is likely to increase the market during the forecast period.

Recent Developments

• Trusted Firmware which was an open governance community project hosted by Linaro Community Projects Division has announced that Renesas Electronics Corporation and NXP Semiconductors NV have joined their plan, which has the reputed member include Arm, Cypress, Linaro, Data IO, Futurewei, Google, ST Microelectronics and Texas Instruments.

• Honeywell International Inc., an American publicly traded, multinational, conglomerate company, has entered into a 364-Day Credit Agreement with the banks, financial institutions and other institutional lenders party like Citibank, NA, as administrative agent, and JPMorgan Chase Bank, NA, as syndication agent.

Drivers and Restraints of Global Industrial Sensors Market

The increase in the penetration of remote sensing, growing demand for industrial automation, and increasing smart factories all around the world are the major drivers for the growth of the Global Industrial Sensors Market. And also, the growing adoption of wearables in industries, increasing applications of these sensors in petroleum refineries & pharmaceuticals, and increasing awareness about IIoT are the other factors that are likely to be bolstering the global industrial sensors market during the forecast period.

Moreover, factors that are fuelling the growth of the target market worldwide are rising demand for predictive maintenance as well as the growing demand for smart asset monitoring in the industries such as oil and gas.

Market Segmentation of Global Industrial Sensors Market

Based on the sensor, the global Industrial Sensors market is segmented into Level Sensor, Image Sensor, Gas Sensor, Pressure Sensor, Position Sensor, Temperature Sensor, Flow Sensor, Force Sensor, and Humidity & Moisture Sensor. Among all of these sensors, level sensors segment held for the significant share of the market's revenue and is also expected to maintain its dominance over the projection period. The growth of this segment is due to the factor that they are used in major applications such as manufacturing & process industries, automotive manufacturing, semiconductor manufacturing and aerospace, and defense manufacturing.

And based on the sensor type, the global Industrial Sensors market is segmented into Contact and Noncontact.

On the outlook of the application, the global Industrial Sensors market is segmented into Manufacturing, Chemicals, Pharmaceuticals, Energy & Power, Mining, and Oil & Gas.

Global Industrial Sensors Market Region-wise analysis

• North America

• Europe

• Asia Pacific

• South America

• Middle East & Afric

In the regional analysis of the global industrial sensors market, the Asia Pacific region has held for the significant share of the target market's revenue. The growth of the market in this area is attributed to rapid industrialization. Also, the increase in the electronics industry, rapid technological advancements, burgeoning population, and growing automotive industry are further fuelling the growth of the industrial sensors market in the region.

And the other promising areas of the global industrial sensors market are North America and Europe owing to the growing demand for smart factories, which are mainly boosting the need for these sensors.

Key Players of Global Industrial Sensors Market

The key players of the global industrial sensors market include Amphenol Corporation, AMS AG, Analog Devices, Inc., Bosch Sensortec GmbH, Figaro Engineering, Inc., First Sensor AG, Honeywell International Inc., Integrated Device Technology, Inc. (Renesas Electronics Corporation), NXP Semiconductors N.V., OMEGA Engineering Inc. (SPECTRIS PLC.), Panasonic Corporation, Rockwell Automation, Inc., Safran Colibrys SA, Sensirion AG, Siemens AG, STMicroelectronics N.V., TE Connectivity, Teledyne Technologies Incorporated, and Texas Instruments Incorporated.

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Industrial Sensors Market, By Sensor          

                    6.1.1 Level Sensor  

                    6.1.2 Image Sensor 

                    6.1.3 Gas Sensor    

                    6.1.4 Pressure Sensor       

                    6.1.5 Position Sensor        

                    6.1.6 Temperature Sensor 

                    6.1.7 Flow Sensor   

                    6.1.8 Force Sensor  

                    6.1.9 Humidity & Moisture Sensor         

                    6.1.10 Market Size Estimations & Forecasts (2019-2024)      

                    6.1.11 Y-o-Y Growth Rate Analysis       

                    6.1.12 Market Attractiveness Index       

          6.2 Industrial Sensors Market, By Type            

                    6.2.1 Contact         

                    6.2.2 Noncontact    

                    6.2.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.2.4 Y-o-Y Growth Rate Analysis         

                    6.2.5 Market Attractiveness Index         

          6.3 Industrial Sensors Market, By Application             

                    6.3.1 Manufacturing         

                    6.3.2 Chemicals      

                    6.3.3 Pharmaceuticals       

                    6.3.4 Energy & Power        

                    6.3.5 Mining 

                    6.3.6 Oil & Gas       

                    6.3.7 Market Size Estimations & Forecasts (2019-2024)        

                    6.3.8 Y-o-Y Growth Rate Analysis         

                    6.3.9 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Sensor      

                    7.2.3 By Type         

                    7.2.4 By Application

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Sensor      

                    7.3.3 By Type         

                    7.3.4 By Application

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Sensor      

                    7.4.3 By Type         

                    7.4.4 By Application

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Sensor      

                    7.5.3 By Type         

                    7.5.4 By Application

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Sensor      

                    7.6.3 By Type         

                    7.6.4 By Application

8. Key Player Analysis                           

          8.1 Amphenol Corporation          

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 AMS AG            

          8.3 Analog Devices, Inc.              

          8.4 Bosch Sensortec GmbH                   

          8.5 Figaro Engineering, Inc.                  

          8.6 First Sensor AG           

          8.7 Honeywell International Inc             

          8.8 Integrated Device Technology, Inc             

          8.9 NXP Semiconductors N.V                 

          8.10 OMEGA Engineering Inc.                

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by end-user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Industrial Sensors Market By Region, From 2020-2025 ( USD Billion )
  2. Global Industrial Sensors Market By Sensor, From 2020-2025 ( USD Billion )
  3. Global Level Sensor Market By Region, From 2020-2025 ( USD Billion )
  4. Global Image Sensor Market By Region, From 2020-2025 ( USD Billion )
  5. Global Gas Sensor Market By Region, From 2020-2025 ( USD Billion )
  6. Global Pressure Sensor Market By Region, From 2020-2025 ( USD Billion )
  7. Global Position Sensor Market By Region, From 2020-2025 ( USD Billion )
  8. Global Temperature Sensor Market By Region, From 2020-2025 ( USD Billion )
  9. Global Flow Sensor Market By Region, From 2020-2025 ( USD Billion )
  10. Global Force Sensor Market By Region, From 2020-2025 ( USD Billion )
  11. Global Humidity & Moisture Sensor Market By Region, From 2020-2025 ( USD Billion )
  12. Global Industrial Sensors Market By Type, From 2020-2025 ( USD Billion )
  13. Global Contact Market By Region, From 2020-2025 ( USD Billion )
  14. Global Noncontact Market By Region, From 2020-2025 ( USD Billion )
  15. Global Industrial Sensors Market By Application, From 2020-2025 ( USD Billion )
  16. Global Manufacturing Market By Region, From 2020-2025 ( USD Billion )
  17. Global Chemicals Market By Region, From 2020-2025 ( USD Billion )
  18. Global Pharmaceuticals Market By Region, From 2020-2025 ( USD Billion )
  19. Global Energy & Power Market By Region, From 2020-2025 ( USD Billion )
  20. Global Mining Market By Region, From 2020-2025 ( USD Billion )
  21. Global Oil & Gas Market By Region, From 2020-2025 ( USD Billion )

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