According to a market report by Lucintel, the future of the global machine sensor market looks promising with opportunities in the manufacturing, oil & gas, aerospace, automotive and healthcare markets. The global machine sensor market is expected to grow with a CAGR of 8.6% from 2024 to 2030. The major drivers for this market are stringent regulations for the automotive industry and the implementation of industrial internet of things and the advent of industry 4.0.
In this market, pressure
sensor, temperature sensor, position sensor, force & torque sensor, and
proximity sensor are the major segments of machine sensor market by type.
Lucintel forecasts that
pressure sensors is expected to witness highest growth over the forecast period
due to increasing demand for reliability and safety across various sectors.
Within this market, automotive
will remain the highest segment due to integrating machine sensors and advanced
technology into the automotive industry.
APAC is expected to
witness largest growth over the forecast period due to region's strong
manufacturing industry, featuring key market players like China, Japan, and
south Korea.
Honeywell, Kyocera,
Sensata Technologies, Omron, Infineon Technologies, TE Connectivity, ATI
Industrial Automation, Futek Advanced Sensor Technology, Baumer Holding, and
Tekscan are the major suppliers in the machine sensor market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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