The industrial sensors market is expected to be
valued at USD 16.0 billion in 2018 and is likely to reach USD 21.6
billion by 2023, at a CAGR of 6.16% during the forecast period. The
study involved 4 major activities to estimate the current market size
for industrial sensors. Exhaustive secondary research was done to
collect information on market, peer market, and parent market. The next
step was to validate these findings, assumptions, and sizing with
industry experts across value chain through primary research. Both
top-down and bottom-up approaches were employed to estimate the complete
market size. Thereafter, market breakdown and data triangulation were
used to estimate the market size of segments and subsegments.
Industrial Sensors Market, by Sensor
- Level Sensor
- Image Sensor
- Gas Sensor
- Pressure Sensor
- Position Sensor
- Temperature Sensor
- Flow Sensor
- Force Sensor
- Humidity & Moisture Sensor
Industrial Sensors Market, by Type
- Contact
- Noncontact
Industrial Sensors Market, by Application
- Manufacturing
- Chemicals
- Pharmaceuticals
- Energy & Power
- Mining
- Oil & Gas
Industrial Sensors Market, by Geography
- North America (US, Canada, and Mexico)
- Europe (UK, Germany, France, Russia, Italy, and the Rest of Europe)
- APAC (China, Japan, India, South Korea, Vietnam, Indonesia, and the Rest of APAC)
- RoW (South America, and the Middle East and Africa)
APAC expected to hold largest share of industrial sensors market in 2018
APAC is expected to hold the largest share of the
industrial sensors market in 2018. China and Japan are the key countries
contributing to the growth of the industrial sensors market in APAC.
APAC is the largest market for industrial sensors because of the
presence of China in this region. China’s manufacturing output is the
largest in the world. It is one of the major manufacturers of consumer
electronics, automobiles, etc.
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North America is expected to account for the
second-largest share of the industrial sensors market throughout the
forecast period. The US currently accounts for the largest share of the
industrial sensors market in North America, followed by Canada and
Mexico.
A few major players operating in the industrial
sensors market are Rockwell Automation (US), Honeywell (US), Amphenol
Corporation (US), Texas Instruments (US), Panasonic (Japan),
STMicroelectronics (Switzerland), First Sensor (Germany), and Siemens
(Germany).
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