Thursday 23 July 2020

How is the Industrial Sensors Market segmented?

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.
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This research report categorizes the industrial sensors market based on core type, device type, industry, and region.

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.
 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).
Don’t miss out on business opportunities in Industrial Sensors Market. Speak to our analyst and gain crucial industry insights that will help your business grow.
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