Industrial sensor Market is anticipated to grow at a CAGR of 9.3% during 2023-2028
The global industrial sensor market is projected to reach $46.0 billion by 2028, at a CAGR of 9.3% during 2023-2028. The growth of industrial sensor market is driven by growing use of micro-electro-mechanical systems (MEMS) based sensor in industrial applications, and rising adoption of sensors in industries to monitor and protect assets.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the industrial sensor market by sensor type (pressure sensors, position sensors, level sensors, gas sensors, temperature sensors, image sensors, humidity & moisture sensors, flow sensors, and force sensors), product type (contact and non-contact), end use industry (oil & gas, pharmaceuticals, chemicals, manufacturing, mining, and energy & power), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the industrial sensor market?
Q.4 What are some changing demands of customers in the industrial sensor market?
Q.5 What are the new developments in the industrial sensor market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this industrial sensor area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this industrial sensor market?
Market Segmentation:
Based on sensor type, the industrial sensor market is segmented into pressure sensors, position sensors, level sensors, gas sensors, temperature sensors, image sensors, humidity & moisture sensors, flow sensors, and force sensors. The image sensor segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the growing use of this sensor for biometric techniques and in machine vision application.
APAC will remain the largest region due to rapid industrialization, increasing adoption of industry 4.0, and presence of large semiconductor production hub in the region.
Key Players in the industrial sensor market are Rockwell Automation, Omron, Honeywell, Texas Instruments, and STMicroelectronics.
Request Sample Pages by clicking on https://www.lucintel.com/industrial-sensor-market.aspx
The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
To read more about this market please click on https://www.lucintel.com/industrial-sensor-market.aspx
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.
Roy AlmaguerLucintel Dallas, Texas, USA Email: [email protected] Tel. 972.636.5056
Media Contact
Company Name: Lucintel
Contact Person: Roy Almaguer
Email: Send Email
Phone: 972.636.5056
Address:8951 Cypress Waters Blvd., Suite 160
City: Dallas
State: TEXAS
Country: United States
Website: https://www.lucintel.com/
