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Global Industrial Sensors Market to 2023: Growing Industrial 4.0 and IIoT, Increasing Industrial Wireless Sensor Market & Rising Demand for Industrial Robots Driving Market Growth
[December 05, 2018]

Global Industrial Sensors Market to 2023: Growing Industrial 4.0 and IIoT, Increasing Industrial Wireless Sensor Market & Rising Demand for Industrial Robots Driving Market Growth

DUBLIN, Dec. 5, 2018 /PRNewswire/ --

The "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" report has been added to's offering.

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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.

An industrial sensor is a device that detects and responds to the input from the physical environment. The specific input could be pressure, position, level, gas, temperature, image humidity, flow, motion, and force. Industrial sensors are important across various industries, such as oil & gas, pharmaceuticals, chemicals, manufacturing, mining, and energy & power.

The growth of the industrial sensors market is driven by factors such as growing Industrial 4.0 and IIoT. Increasing wireless sensor market is expected to further drive the industrial sensors market. The ever increasing demands of manufacturers and the drive toward the realization of the Industry 4.0 and IIoT is further propelling the growth of the said market.

Moreover, predictive maintenance is expected to offer opportunities to the industrial sensors market in the coming years. Predictive maintenance is enabled by 3 major solution enhancements over a traditional maintenance schedule: capturing sensor data, facilitating data communications, and making predictions. Sensors being an important part of predictive maintenance solution, the industrial sensors market is expected to witness high demand in the coming years.

Rockwell Automation, Honeywell, Amphenol Corporation, Texas Instruments, Panasonic, STMicroelectronics, First Sensor, Siemens, Integrated Device Technology, Bosch Sensortec, TE Connectivity, Omega Engineering, Sensirion are among the major players in the industrial sensors market.

Competitive landscape shows that product launches and developments have been the key strategy adopted by players in the industrial sensors market from 2015 to 2018. Contracts and agreements, and mergers and acquisitions were the other strategies adopted by the market players to grow in the market.

Key Topics Covered:

1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Market Scope
1.4 Currency
1.5 Package Size
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insight
4.1 Attractive Opportunities for Industrial Sensors Market Growth
4.2 Industrial Sensors Market, By Type
4.3 Industrial Sensors Market in APAC
4.4 Industrial Sensors Market, By Geography
4.5 Industrial Sensors Market, By Application

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers Growing Industria 4.0 and IIoT Increasing Industrial Wireless Sensor Market Rising Demand for Industrial Robots
5.2.2 Restraints Higher Implementation Cost of Sensor Networks
5.2.3 Opportunities Predictive Maintenance to Offer Opportunities to Industrial Sensors Market in Coming Years
5.2.4 Challenges Reluctance in Adopting Sensor Technology in Old Industries

6 Industrial Sensors Market, By Sensor
6.1 Introduction
6.2 Level Sensor
6.2.1 Major Applications Such as Manufacturing and Process Industries are Driving Level Sensor Market
6.3 Temperature Sensor
6.3.1 Temperature Sensor Witnessing High Demand From Industries Such as Chemical & Petrochemical and Oil & Gas
6.4 Flow Sensor
6.4.1 Increasing Number of Applications and Development of New and Improved Technologies Have Resulted in Increased Adoption of Flow Sensors in Industries
6.5 Position Sensor
6.5.1 Linear Position Sensor Linear Position Sensors are the Most Commonly Used Position Sensors in Industries
6.5.2 Angular Position Sensor Industrial Robots Will Drive the Market for Angular Position Sensors
6.6 Pressure Sensor
6.6.1 Advancements in Mems Technology Into Pressure Sensors is Increasing the Adoption of Pressure Sensors in Industries
6.7 Force Sensor
6.7.1 Increasing Use of Industrial Robots is Driving the Market for Force Sensors in Industries
6.8 Humidity and Moisture Sensor
6.8.1 Trend of Miniaturization is Driving the Market for Humidity and Moisture Sensors
6.9 Image Sensor
6.9.1 Machine Vision is the Primary Driving Factor for Use of Image Sensor in Industries
6.1 Gas Sensor
6.10.1 Increasing Enforcement of Occupational Health and Safety Regulations By Government is Positively Impacting Gas Sensor Market

7 Industrial Sensors Market, By Type
7.1 Introduction
7.2 Contact
7.2.1 Temperature Sensors Hold Largest Share of Contact Type Sensors During Forecast Period
7.3 Noncontact
7.3.1 Image Sensor are Fastest-Growing Noncontact Type Industrial Sensors

8 Industrial Sensors Market, By Application
8.1 Introduction
8.2 Manufacturing
8.2.1 Trend of IIoT is Driving Industrial Sensors Market in Manufacturing Application
8.3 Oil & Gas
8.3.1 Increasing Use of Humidity and Moisture Sensors to Drive Use of Sensors in Oil & Gas Industry
8.4 Chemicals
8.4.1 Stringent Safety Regulations in Chemicals Industry to Drive Industrial Sensors Market
8.5 Pharmaceuticals
8.5.1 Supervision and Management of Various Processes Occurring at Production Floor are Key Applications of Industrial Sensors in Pharmaceutical Industry
8.6 Energy & Power
8.6.1 IoT is Promoting Use of Sensors in Smart Grids for Various Applications on Various Parameters Such as Power Leakages, Tampering, and Third-Party Interferences
8.7 Mining
8.7.1 Safety Concerns in Mining Industry is Increasing the Demand for Sensors

9 Geographic Analysis
9.1 Introduction
9.2 Europe
9.2.1 UK UK is Fastest-Growing Country for Industrial Sensors in the European Region
9.2.2 Germany Automotive Manufacturing is Driving the Market for Industrial Sensors in Germany
9.2.3 France Upcoming Safety Regulations to Drive Industrial Sensors Market in France in Near Future
9.2.4 Rest of Europe
9.3 APAC
9.3.1 China Upcoming Safety Regulations to Drive Industrial Sensors Market in France in Near Future
9.3.2 Japan Increasing Use of Robotics in Industries Will Increase the Demand of Industrial Sensors in Japan
9.3.3 Rest of APAC
9.4 North America
9.4.1 UK Oil & Gas, Manufacturing and Pharmaceuticals are Driving Industrial Sensors Market in the Us
9.4.2 Canada Automotive Manufacturing is Driving the Market for Industrial Sensors in Canada
9.4.3 Mexico Mexico's Automotive Industry is Growing Due to Availability of Cheap Labor and Lenient Restrictions on Manufacturing and Licensing Operations
9.5 RoW

10 Competitive Landscape
10.1 Introduction
10.2 Market Ranking Analysis (Level Sensor Market)
10.3 Competitive Situations and Trends
10.3.1 Product Launches
10.3.2 Mergers and Acquisitions
10.3.3 Product Development
10.3.4 Contracts and Agreements
10.3.5 Partnership

11 Company Profiles
11.1 Introduction
11.2 Key Players
11.2.1 Rockwell Automation
11.2.2 Honeywell
11.2.3 Texas Instruments
11.2.4 Panasonic
11.2.5 Stmicroelectronics
11.2.6 First Sensor
11.2.7 Siemens
11.2.8 Amphenol Corporation
11.2.9 Integrated Device Technology
11.2.10 Bosch Sensortec
11.3 Other Key Players
11.3.1 Te Connectivity
11.3.2 Omega Engineering
11.3.3 Sensirion
11.3.4 AMS AG
11.3.5 Microchip
11.3.6 NXP Semiconductors
11.3.7 Endress+Hauser Management AG
11.3.8 Teledyne Technologies Incorporated
11.3.9 Figaro Engineering Inc.
11.3.10 Safran Colibrys SA

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