The industrial sensors market report encompasses an in-depth analysis of the business space in question. All the growth facilitators responsible for furling the revenue scope of this industry are mentioned in the study in conjunction with the competitive and geographical trends characterizing this business. Some of the very pivotal parameters encompassed in the report fall along the lines of industry segmentation, industry ecosystem analysis, vendor matrix, and industry insights.

Rising prominence of RPA (Robotic Process Automation) technology across the manufacturing sector will give the global industrial sensors market share a substantial boost over the estimated timeline. The development of this technology has resulted in robust demand for automation equipment like programmable logic controllers and human-machine interface for use on assembly and production lines, hence impelling the deployment of industrial automation sensors.

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Adoption of automation technologies across numerous industries has fuelled the demand for level sensors for control and safety applications. These sensors are increasingly used for leakage detection, overfill detection, and pump control. Studies suggest that the industrial sensor segment is expected to record 5% CAGR over the forecast period.

Meanwhile, force sensors are also recording high demand from the petroleum industry as these sensors used to monitor the fuel levels of containers and large tanks, and reduce the risk of overflow.

Energy and power industries worldwide are levering IoT technologies to improve robustness, reliability, and durability of operations. To support these features, companies are adopting sensor modules to transfer and analyse data in real-time for several parameters such as flow rate, pressure, and temperature.

Meanwhile, governments are investing heavily in the power sector, driving the demand for industrial sensors. As per IEA, in 2018, power investment in the United States surged by 8% where renewable energy increased by 16% with accessibility of corporate procurement, federal tax credits, and reducing the cost of solar PV.

Such investments in the power and energy sector would encourage industry participants to develop advanced industrial sensors. Studies meanwhile suggest the energy and power application segment may record 7% CAGR over the forecast period.

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Regionally, the Europe industrial sensors market held a 20% market share and is set to exhibit a CAGR of 7% through 2027, considering the robust presence of pharmaceutical companies such as Pfizer, which emphasize the mass production of novel drugs and vaccines.

The competitive landscape of the industrial sensors market comprises of companies such as NXP Semiconductors N.V., STMicroelectronics N.V., Sensirion AG, Analog Devices, Inc., TE Connectivity, Infineon Technologies, ams AG, Omron Corporation, and Honeywell International, Inc., among others.

Major Key Points from Table of Content:

Chapter 5   Industrial Sensor Market, By Product (Revenue, Shipments)

5.1    Key trends, by product

5.2    Level sensor

5.2.1    Industrial sensor market estimates and forecast, 2016 - 2027

5.3    Temperature sensor

5.3.1    Industrial sensor market estimates and forecast, 2016 - 2027

5.4    Flow sensor

5.4.1    Market estimates and forecast, 2016 - 2027

5.5    Position sensor

5.5.1    Market estimates and forecast, 2016 - 2027

5.6    Pressure sensor

5.6.1    Market estimates and forecast, 2016 - 2027

5.7    Force sensor

5.7.1    Market estimates and forecast, 2016 - 2027

5.8    Image sensor

5.8.1    Market estimates and forecast, 2016 - 2027

5.9    Gas sensor

5.9.1    Market estimates and forecast, 2016 - 2027

5.10    Others

5.10.1    Market estimates and forecast, 2016 - 2027

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