Industrial Sensors Market: Temperature Sensors Hold Largest Share of Contact Type Sensors During Forecast Period

The report "Industrial Sensors Market by Sensor (Level Sensor, Image Sensor, Gas Sensor, Pressure Sensor, Position Sensor, Force Sensor, Flow Sensor, Temperature; and Humidity & Moisture Sensors), Type, Application, and Geography - Global Forecast to 2023" 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 growth of this market is driven by growing Industrial 4.0 and IIoT, surging wireless sensors market, and burgeoning demand for industrial robots.

Report Objectives

The following are the major objectives of the study.

• To define, describe, and forecast the overall industrial sensors market in terms of value and volume
• To define, describe, and forecast the market, in terms of value, based on sensor, type, application, and region
• To forecast the size of the industrial sensor market for various segments with respect to 4 regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
• To describe the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the industrial sensors market and its submarkets
• To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall industrial sensors market
• To analyze opportunities in the market for stakeholders by identifying high-growth segments of the industrial sensors market
• To identify key players in the market and comprehensively analyze their market ranking and core competencies
• To analyze strategic developments such as product launches, partnerships, expansions, and contracts in the industrial sensors market

ndustrial Sensors Market, by Sensor

• Level Sensor
• Image Sensor
• Gas Sensor
• Pressure Sensor
• Position Sensor
• Temperature Sensor
• Flow Sensor
• Force Sensor
• Humidity & Moisture Sensor

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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.

 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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