Press release
Industrial Sensor Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis
Industrial Sensor Market Share
What Is the Current Industrial Sensor Market Size and Its Estimated Growth Rate?
There has been robust growth in the industrial sensor market size over recent years. The market, which was valued at $22.93 billion in 2024, is set to surge to $25.02 billion in 2025, recording a compound annual growth rate (CAGR) of 9.1%. The expansion during the historic period can be credited to the surge in automation and control, heightened demand for quality control, increased need for predictive maintenance, growing environmental monitoring, and heightened demand for energy efficiency.
In the ensuing years, the industrial sensor market is poised for significant growth, with an anticipated market value of $35.36 billion in 2029, reflecting a CAGR of 9.0%. This projected growth in the forecast period is largely driven by increasing commitments to sustainability and green manufacturing, evolving regulatory frameworks, the expanding demand in healthcare and medical device markets, as well as the growing need in the predictive analytics sector. Key trends predicted for this period include the integration of IoT and Industry 4.0, the rise of wireless and IoT connectivity, the rapid miniaturization and uptake of MEMS sensors, advancements in smart sensors, and the evolution of edge computing.
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How Are Emerging Segments Shaping the Industrial Sensor Market Landscape?
The industrial sensor market covered in this report is segmented -
1) By Sensor Type: Image Sensor, Pressure Sensor, Temperature Sensor, Level Sensor, Position Sensor, Humidity Sensor, Force Sensor, Other Sensors
2) By Operation Type: Contact, Non-Contact
3) By End-User: Manufacturing, Oil And gas, Chemicals, Pharmaceuticals, Energy And power, Mining
Subsegments:
1) By Image Sensor: CMOS Image Sensor, CCD Image Sensor,
2) By Pressure Sensor: Absolute Pressure Sensor, Gauge Pressure Sensor, Differential Pressure Sensor
3) By Temperature Sensor: Thermocouples, RTDs (Resistance Temperature Detectors), Thermistors
4) By Level Sensor: Capacitive Level Sensor, Ultrasonic Level Sensor, Radar Level Sensor
5) By Position Sensor: Linear Position Sensor, Rotary Position Sensor, Proximity Sensor
6) By Humidity Sensor: Capacitive Humidity Sensor, Resistive Humidity Sensor
7) By Force Sensor: Strain Gauge Force Sensor, Piezoelectric Force Sensor
8) By Other Sensors: Gas Sensors, Vibration Sensors, Flow Sensors
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Which Growth Factors Are Influencing Industrial Sensor Market Expansion?
The industrial sensor market is experiencing significant growth due to the rise in industrial automation. Essential to this automation, industrial sensors make processes intelligent and self-contained. They allow for the detection, evaluation, measurement, and processing of a multitude of changes within industrial manufacturing facilities, such as alterations in position, length, height, exterior, and dislocation. Numerous sensing devices through industrial automation enable robotically assisted activities like deburring, grinding, polishing, and sanding. For example, data from the International Federation of Robotics (IFR) suggests that around 3.1 million units of industrial robots were installed worldwide in 2022, predicting a 12% increase in installations by 2023. This surge in automation not only improves operational efficiency, but it also emphasizes the pivotal role of cutting-edge sensor technologies in supporting robotic applications like grinding, polishing, and so on.
Who Are the Dominant Players Across Different Industrial Sensor Market Segments?
Major companies operating in the industrial sensor market include Rockwell Automation Inc., Honeywell International Inc., TE Connectivity Ltd., Panasonic Corporation, STMicroelectronics N.V., First Sensor AG, Siemens Aktiengesellschaft, Amphenol Corporation, Bosch Sensortec GmbH, NXP Semiconductors N.V., Renesas Electronics Corporation, Teledyne Digital Imaging Inc., Figaro Engineering Inc., Endress+Hauser Group, Safran Colibrys SA, Integrated Device Technology Inc., Infineon Technologies AG, Sony Corporation, BorgWarner Inc., Emerson Electric Co., General Electric Company, Samsung Electronics Co. Ltd., Qualcomm Incorporated, Texas Instruments Incorporated, Omega Engineering Inc., Sick AG, ABB Limited, Omron Corporation, ams OSRAM AG, Balluff GmbH, Micro-Epsilon Messtechnik GmbH & Co. KG
What Are the Latest Developing Trends in the Industrial Sensor Market?
The surge in technological development is a rapidly growing trend within the industrial sensor market. Such advancements offer a competitive advantage, prompting businesses to explore innovative tech solutions that enable accurate, real-time control. This is especially pertinent for addressing issues revolving around sustained exposure to hydrogen gas that can negatively affect the operational efficiency of pressure sensors. For instance, Baker Hughes, a major US-based oil field services firm, introduced its new Druck hydrogen-rated pressure sensors in September 2023. These sensors are specifically engineered for enduring harsh environments and are suitable for use in applications such as gas turbines, hydrogen electrolysis production, and hydrogen refueling stations. They mitigate the detrimental impact of hydrogen on sensor performance by leveraging top-tier barrier coating technology, thereby assuring a minimum life expectancy of five years for the sensors. This latest range of sensors covers ranges from 700 mbar to 700 mbar.
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Which Geographic Regions Are Expected to Dominate the Industrial Sensor Market in the Coming Years?
Asia-Pacific was the largest region in the industrial sensor market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial sensor market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Industrial Sensor Market?
2. What is the CAGR expected in the Industrial Sensor Market?
3. What Are the Key Innovations Transforming the Industrial Sensor Industry?
4. Which Region Is Leading the Industrial Sensor Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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