Press release
Industrial Sensors Market To Witness Astonishing Growth – 2026 | Key Players: Texas Instruments Incorporated, TE Connectivity Inc., Omega Engineering Inc., Honeywell International Inc.
The Industrial Sensors Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Industrial Sensors market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Industrial Sensors market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Industrial Sensors market.The industrial sensors market is expected to register a CAGR of over 7% during the forecast period (2021 - 2026).
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Top Leading Companies of Industrial Sensors Market are - Texas Instruments Incorporated, TE Connectivity Inc., Omega Engineering Inc., Honeywell International Inc., Rockwell Automation Inc., Siemens AG, STMicroelectronics Inc., ams AG, NXP Semiconductors NV, First Sensor AG, Bosch Sensortec GmbH, Sick AG, ABB Limited, Omron Corporation and others.
Industry News and Updates:
- Jan 2019 - Rockwell Automation launched Allen-Bradley 42AF RightSight M30 photoelectric sensor. The product is built with IO-Link capability that helps in integrating into the connected enterprise, by delivering data and diagnostics from the sensor directly into a control system.
- Jan 2019 - Omron announced to launch a total of 2,512 models of its DC 3-Wire E2E NEXT Series Proximity Sensors. These sensors are equipped with OMRON's own Thermal Distance Control 2 and PROX3 hybrid circuitry technologies, which enable in sensing distances that are at least twice than their previous models.
Key Market Trends:
Proximity Sensors to Hold Significant Share
- The proximity sensor can detect the presence of objects within its vicinity without any physical contact. To sense objects, this sensor radiates a beam of electromagnetic radiation, usually in the form of infrared light and detects the reflection, to determine the object's distance from the sensor.
- The touch-free user interface is driving the adoption of proximity sensors in automotive applications. Applications where these sensors can be used in automotive include infotainment system, keyless entry system, 3D gesture, and interior lighting control.
- The increased adoption of industrial robots is another key factor driving the growth of the proximity sensor market. They are used in advanced robots for automobiles manufacturing, in construction industries to trace the distance in various applications, and in a military application for target detection as drones and aircrafts.
Asia-Pacific to Witness the Highest Growth
- Asia-Pacific is expected to hold a significant share in the market and witness the highest growth over the forecast period, owing to the increasing technological advancements as well as rapid industrialization.
- Moreover, the region has China, which has the largest manufacturing output in the world. The country is gearing to develop core technologies, such as AI, chips, and sensors, as a part of its broader vision to integrate AI into the manufacturing sector. This positively affects the sensor market trends.
- Furthermore, the rising electronics industry, burgeoning population, and the growing automobile industry are also responsible for fueling the industrial sensors market in the region.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Industrial Sensors Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Industrial Sensors Market (%),2016 - 2026
- Industrial Sensors Market Share, By Brand
- Industrial Sensors Market Share, By Company
- Industrial Sensors Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Industrial Sensors Market Value Analysis & Forecast
- Promising Industrial Sensors Development by Major Companies
- Detailed Industrial Sensors Portfolio of the Major Companies
- Major Deals in the Industrial Sensors Market
- Major Companies Analysis
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We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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