How Has the Industrial Sensor Market Evolved Historically and What is its Current Size?
The industrial sensor market has seen considerable growth due to a variety of factors.
• The expansion of the industrial sensor market has been robust in the past few years, rising from $22.93 billion in 2024 and projected to reach $25.02 billion in 2025 with a compound annual growth rate (CAGR) of 9.1%.
The historical growth has been influenced by factors such as the surge in automation and control, heightened demand for quality control, an increase in predictive maintenance needs, enhanced environmental monitoring, and a growing need for energy efficiency.
What is the Forecasted Market Size and CAGR for the Industrial SensorMarket?
The industrial sensor market is expected to maintain its strong growth trajectory in upcoming years.
• Over the coming years, the industrial sensor market size is projected to experience significant expansion, increasing to a valuation of $35.36 billion in 2029, with a compound annual growth rate (CAGR) of 9.0%.
This growth within the forecast period can be traced back to the increasing focus on sustainability and green manufacturing, evolving regulatory changes, rising demands from healthcare and medical devices sectors as well as the predictive analytics sector. Key trends projected during the forecast period encompass the integration of IoT and Industry 4.0, IoT and wireless connectivity, the miniaturization and utilization of MEMS sensors, intelligent sensors, and edge computing.
What Are The Key Drivers Fueling Growth In The Industrial Sensor Market?
The expansion of industrial automation is a significant factor propelling the industrial sensor market's growth. Industrial sensors play an essential role in automation, granting processes the ability to be smart and self-sufficient. They facilitate the recognition, assessment, quantification, and operation of various transformations in industrial manufacturing units, including alterations in position, length, height, exterior, and dislocation. Numerous sensing devices pave the way for undertakings such as deburring, grinding, polishing, and sanding via industrial automation. For example, data from the International Federation of Robotics (IFR) shows that the tally of industrial robots installed across the globe was roughly 3.1 million units in 2022 and is predicted to grow by 12% in the quantity installed by 2023. This escalated automation not only improves operational effectiveness but also highlights the significance of cutting-edge sensor technologies in enabling robotic functions like grinding, polishing, and additional applications.
What Are The Principal Market Segments In The Global Industrial Sensor Industry?
The industrial sensor market covered in this report is segmented –
1) By Sensor Type: Image Sensor, Pressure Sensor, Temperature Sensor, Level Sensor, Position Sensor, Humidity Sensor, Force Sensor, Other Sensors
2) By Operation Type: Contact, Non-Contact
3) By End-User: Manufacturing, Oil And gas, Chemicals, Pharmaceuticals, Energy And power, Mining
Subsegments:
1) By Image Sensor: CMOS Image Sensor, CCD Image Sensor,
2) By Pressure Sensor: Absolute Pressure Sensor, Gauge Pressure Sensor, Differential Pressure Sensor
3) By Temperature Sensor: Thermocouples, RTDs (Resistance Temperature Detectors), Thermistors
4) By Level Sensor: Capacitive Level Sensor, Ultrasonic Level Sensor, Radar Level Sensor
5) By Position Sensor: Linear Position Sensor, Rotary Position Sensor, Proximity Sensor
6) By Humidity Sensor: Capacitive Humidity Sensor, Resistive Humidity Sensor
7) By Force Sensor: Strain Gauge Force Sensor, Piezoelectric Force Sensor
8) By Other Sensors: Gas Sensors, Vibration Sensors, Flow Sensors
Pre-Book The Industrial Sensor Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
Which Emerging Market Trends Are Altering The Industrial Sensor Sector?
The trend of technological advancement in the industrial sensor market is becoming increasingly popular. This technological leap allows companies to outperform their competitors. The focus of businesses in this market is on the creation of novel technological solutions that provide accurate, real-time control to tackle the issues stemming from prolonged exposure to hydrogen gas, a factor that can reduce the performance of pressure sensors. For example, in September 2023, Baker Hughes, an oil field services company based in the US, unveiled its innovative Druck hydrogen-rated pressure sensors. These sensors, designed for enduring stability in extreme conditions, are apt for usage in areas such as gas turbines, hydrogen electrolysis production, and hydrogen refilling stations. These sensors leverage high-end barrier coating technology to resist the damaging impact of hydrogen on the sensor's efficiency, assuring a minimum five-year lifespan for the sensors. These new sensors are available in two ranges, extending from 700 mbar to 700 mbar.
Who Are the Key Players in the Industrial Sensor Market?
Major companies operating in the industrial sensor market include:
• Rockwell Automation Inc.
• Honeywell International Inc.
• TE Connectivity Ltd.
• Panasonic Corporation
• STMicroelectronics N.V.
• First Sensor AG
• Siemens Aktiengesellschaft
• Amphenol Corporation
• Bosch Sensortec GmbH
• NXP Semiconductors N.V.
• Renesas Electronics Corporation
• Teledyne Digital Imaging Inc.
• Figaro Engineering Inc.
• Endress+Hauser Group
• Safran Colibrys SA
• Integrated Device Technology Inc.
• Infineon Technologies AG
• Sony Corporation
• BorgWarner Inc.
• Emerson Electric Co.
• General Electric Company
• Samsung Electronics Co. Ltd.
• Qualcomm Incorporated
• Texas Instruments Incorporated
• Omega Engineering Inc.
• Sick AG
• ABB Limited
• Omron Corporation
• ams OSRAM AG
• Balluff GmbH
• Micro-Epsilon Messtechnik GmbH & Co. KG
What are the Regional Insights into the Industrial Sensor Market?
Asia-Pacific was the largest region in the industrial sensor market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial sensor market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
