Global Industrial Sensors Market Statistic Research report presents an in-depth analysis of the Industrial Sensors Market size, growth, share, segments, manufacturers, and forecast, competition landscape and growth opportunity. This report also focuses on key trends, market drivers, challenges, standardization, deployment models, future road-map, revenue and forecast. Moreover, this research report categorizes the global Industrial Sensors Market by companies, region, type and end-user industry.
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The global Industrial Sensors Market size is projected to reach USD 33.56 billion by 2027, exhibiting a CAGR of 7.2% during the forecast period. Increasing adoption of the industrial internet of things (IIoT) by diverse entities will play an instrumental role in propelling the growth of this market, shares Fortune Business Insights™ in its report, titled “Industrial Sensors Market Size, Share and COVID-19 Impact Analysis, By Type (Temperature Sensor, Proximity Sensor, Pressure Sensor, Position Sensor, Motion Sensor, Level Sensor, Gas and Chemical Sensor, Humidity Sensor, Flow Sensor, Others), By End Use Industry (Discrete, Process), and Regional Forecast, 2020-2027”. IIoT forms the core of Industry 4.0 as the integration of IoT technologies in the manufacturing sector has made processes and operations more data-driven and therefore, more accurate. Several end-use industries are rapidly adopting IIoT solutions to optimize their businesses and enhance the efficiency and productivity of their resources. For example, in May 2018, Missouri-based BJC HealthCare deployed IoT-based RFID technology to track and manage thousands of medical supplies. Similarly, in 2019, Bosch equipped its Automotive Diesel System Factory in Wuxi, China with sensors armed with IIoT and Big Data analytics to monitor the overall production process. Industrial sensors are thus enabling manufacturers and technology providers to automate their activities and establish smart working systems at their plants and facilities.
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This Report Answers the Following Questions:
- What are the Industrial Sensors Market growth drivers, hindrances, and dynamics?
- Which companies would lead the market by generating the largest revenue?
- How will the companies surge the processes adoption amid the COVID-19 pandemic?
- Which region and segment would dominate the Industrial Sensors Market in the coming years?
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List of Top Key Manufacturers for Industrial Sensors Market:
- Texas Instruments (Texas, United States)
- TE Connectivity (Schaffhausen, Switzerland)
- Siemens(Munich, Germany)
- Safran Colibrys SA (Yverdon-les-Bains, Switzerland)
- PCB Piezotronics, Inc. (United States)
- Omega Engineering (Biel/Bienne, Switzerland)
- Microchip (Arizona, United States)
- Honeywell (North Carolina, United States)
- Figaro Engineering Inc. (Osaka, Japan)
- Amphenol Corporation (Connecticut, United States)
- Teledyne Technologies Incorporated (California, United States)
- STMicroelectronics(Geneva, Switzerland)
- Sensirion (Stäfa, Switzerland)
- Rockwell Automation (Wisconsin, United States)
- Panasonic(Osaka, Japan)
- Integrated Device Technology (California, United States)
- Bosch Sensortec (Reutlingen, Germany)
- Ams AG (Premstätten, Austria)
Drivers & Restraints
Growing Presence of Industry 4.0 Startups to Aid Market Expansion
The proliferation of startups specializing in Industry 4.0 technologies is emerging as one of the most exciting factors augmenting the industrial sensors market growth. Manufacturers around the globe are actively searching for comprehensive solutions to bring about greater efficiency in their factory operations. To meet this urgent demand, several startups have emerged and are rapidly expanding. For example, Smart Industry Solutions, a Brazilian startup, develops information and operation technology solutions for industry 4.0 areas, encompassing activities in local factories to the end-use customer. Similarly, US-based Edge2Web offers ‘Director’, the company’s tool suite for building, testing, and operating advanced industrial functionalities. Startups are also engineering IIoT solutions and industrial sensors to address the all-important maintenance issues faced by factory managers. For example, Vibrobox, a startup based in Belarus, develops vibration sensors for automated prescriptive maintenance for industrial equipment. Thus, the birth of industry 4.0-focused startups will ensure a highly-dynamic growth trajectory for this market.
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Key Questions Answered in this Report
1) What were the pre and post-business impacts of COVID-19 on the Industrial Sensors Market?
2) What is the market size, share of the Industrial Sensors Market?
3) Who are the top market players in Industrial Sensors Market?
4) What will be the future market of the Industrial Sensors Market?
- Industrial Sensors Market Size & Forecast by Revenue | 2022−2028
- Industrial Sensors Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Market Segmentation – A detailed analysis by product, by types, end-user, applications, segments, and geography
- Competitive Landscape – Top key vendors and other prominent vendors
Key Questions Answered in the Report
- What is the expected global Industrial Sensors Market size in terms of value during the period 2022-2028?
- What is the expected future scenario and revenue to be generated by different types of solutions including software and platform, hardware, and support services?
- What is the expected future scenario and revenue to be generated by the technology segment, including guidance technology, sensing technology, variable rate application technology, and data analytics and intelligence?
- Which region is the largest market for the global Industrial Sensors Market?
- What is the expected future scenario and revenue to be generated by different regions and countries in the global Industrial Sensors Market such as North America, South America, Europe, the U.K., China, Asia-Pacific and Japan, and Middle East and Africa?
- What is the competitive strength of the key players in the global Industrial Sensors Market based on the analysis of their recent developments, product offerings, and regional presence?
- Which are the different consortiums and associations present in the global Industrial Sensors Market, and what are their roles, focus areas, and key functions in this market?
- Where do the key Industrial Sensors Market companies lie in their competitive benchmarking, compared on basis of market coverage and market potential?
- What does the technology ecosystem of market solutions constitute?
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