The Global Industrial Sensor Market is Expected to Grow at a CAGR of 10% by 2025

According to a new market report by Lucintel, the future of the global industrial sensor market looks promising with opportunities in the chemical, energy & power, manufacturing, healthcare, and oil & gas industries. The global industrial sensor market is expected to decline in 2020 due to the global economic recession led by the COVID-19 pandemic. However, the market will witness recovery in the year 2021, and it is expected to grow with a CAGR of 10% from 2020 to 2025. The major growth drivers for this market are growing industrial 4.0 and IIoT and high demand for industrial robots.

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In this market, level sensors, image sensors, gas sensors, pressure sensors, position sensors, force sensors, flow sensors, temperature sensors, and humidity & moisture sensors are the major sensor types. Lucintel forecasts that level sensors will remain the largest sensor type segment over the forecast period due to increasing need for accuracy, appearance, & response rate; ease of calibration of instruments; size of instruments; monitoring and/or controlling of continuous or point level in various end use industries.

Within this market, manufacturing will remain the largest end use industry segment over the forecast period due to growing adoption of industrial IoT in the manufacturing industry.

Asia Pacific will remain the largest region over the forecast period due to growth of the manufacturing industry in China, Japan, and India.

Rockwell Automation, Honeywell, Texas Instruments, Panasonic, STMicroelectronics, First Sensor, NXP, TE Connectivity, Amphenol, Siemens, Robert Bosch, and Teledyne are among the major manufacturers of the global industrial sensor market.         

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global industrial sensor market by sensor type, product type, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Industrial Sensor Market 2020-2025: Trends, Forecast, and Opportunity Analysis”.  This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global industrial sensor market by sensor type, product type, end use industry, and region as follows:

By Product Type [$M shipment analysis for 2014–2025]:

Contact

Non-Contact

 

By Sensor Type [$M shipment analysis for 2014–2025]:

Level Sensors

Image Sensors

Gas Sensors

Pressure Sensors

Position Sensors

Force Sensors

Temperature Sensors

Humidity & Moisture Sensors

 

By End Use Industry [$M shipment analysis for 2014–2025]:

Manufacturing

Oil & Gas

Chemicals

Energy & Power

Healthcare

Others

 

By Region [$M shipment analysis for 2014–2025]:

North America

United States

Canada

Mexico

 

Europe

Germany

UK

Italy

 

Asia Pacific

China

Japan

India

South Korea

Rest of the World

This 150-page 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 visit us at helpdesk@lucintel.com.

 

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due Diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.