Press release
Industrial Sensors Market, In-Depth Research Report: Size, Share, and Growth Opportunities, 2025-2032 | Rockwell Automation (US), Honeywell International Inc. (US)
Industrial Sensors Market
The global industrial sensors market size is projected to grow from USD 27.10 billion in 2024 and is expected to reach USD 42.2 billion by 2032, growing at a CAGR of 8.6% during the forecast period from 2025 to 2032.
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Industrial Sensors Market Dynamics
Drivers:
The adoption of Industry 4.0 and Internet of Things (IIoT) in manufacturing is a major driver for the increasing demand for industrial sensors. IIoT relies on real-time data, industrial sensors collect vast amounts of real-time data from various points within manufacturing processes.This data includes parameters like temperature, pressure, vibration, and flow. This data is then analyzed using advanced software and algorithms to gain insights into process performance, identify potential issues, and optimize production processes. By continuously monitoring equipment health and performance, sensors facilitate predictive maintenance programs. This allows for proactive maintenance, preventing costly downtime and breakdowns before they occur. Machine learning algorithms can analyze sensor data to predict failures and schedule maintenance interventions before they impact production.
Restraints:
While the demand for industrial sensors is growing, competitive pricing within the market presents a significant restraint on its growth. Intense competition among sensor manufacturers injects a pressure on profit margins which leads to downward pressure on selling prices. This can be challenging for companies to maintain healthy profit margins, particularly for established players facing new entrants offering lower-cost alternatives.The pressure to reduce prices can also discourage manufacturers from investing in research and development, hindering innovation and limiting the introduction of new, advanced sensors.
Major Players in Industrial Sensors Market are:
Rockwell Automation (US), Honeywell International Inc. (US), Texas Instruments Incorporated (US), Panasonic (Japan), STMicroelectronics (Switzerland), TE Connectivity (Switzerland), Siemens (Germany), Amphenol Corporation (US), Dwyer Instruments, LLC. (US), and Bosch Sensortec (Germany).
Industry News:
In October 2023, Rockwell Automation announced the acquisition of Clearpath Robotics Inc. (Canada), including the industrial division OTTO Motors, which provides AMRs (autonomous mobile robots) for industrial applications. This acquisition will help the company in simplifying and transform the difficult function of material handling throughout the manufacturing plant with an end-to-end production logistics solution.
In January 2023, Dwyer Instruments, LLC announced the release of the piston in-line variable area flowmeters, Series PI. These patented spring-loaded piston flowmeters are ideal for applications including cooling water monitoring, plastic injection molding coolant control, oil and gas measurement, lubricant flow control, hydraulic flow measurement, pump protection, and hazardous areas.
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Global Industrial Sensors Market Segmentation:
By Types:
Temperature Sensor
Proximity Sensor
Pressure Sensor
Position Sensor
Motion Sensor
Level Sensor
Gas and Chemical Sensor
Humidity Sensor
Flow Sensor
Others
By End Use Industry:
Discrete:
Automotive
Electronics
Consumer Goods
Aerospace and Defense
Others
Process:
Oil and Gas
Energy and Power
Chemical
Mining
Pharmaceutical
Food and Beverages
Others
The following areas and countries are covered in the worldwide Industrial Sensors Market file:
North America (US, Canada, Mexico)
Europe (Germany, France, UK, Russia, Italy)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE), Egypt, Nigeria, and South Korea)
The Asia Pacific region is undergoing a period of continuous infrastructure development, encompassing projects ranging from transportation networks and energy grids to smart cities and renewable energy installations.
Detailed industry forecast-Brief Introduction to the research report:
Additional information on company participants
Customized reports and analyst assistance are available upon request.
Recent market developments and potential future growth opportunities
Personalized regional/country reports upon request
New data sources are being integrated.
Increased focus on data privacy and security
Increased collaboration and co-creation
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Key Features of the Industrial Sensors Market Report: -
Analyze competitive developments such as expansions, deployments, new product launches, and market acquisitions.
Examine the market opportunities for stakeholders by identifying higher growth sections.
To study and analyze the global Industrial Sensors Market industry status and forecast including key regions.
An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.
It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.
It helps you make strategic business decisions and investment plans.
Finally, Industrial Sensors Market is a valuable source of guidance for individuals and companies.
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