Press release
Rise In Industrial Automation Fuels Growth In The Industrial Sensor Market: Pivotal Factor Influencing Industrial Sensor Market Growth in 2025
Industrial Sensor Market Size
Industrial Sensor Market Size Growth Forecast: What to Expect by 2025?
In the past few years, we've seen robust growth in the size of the industrial sensor market. It's expected to expand from $22.93 billion in 2024 to $25.02 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.1%. This significant growth during the historical period can be linked to an escalation in automation and control, a heightened necessity for quality control, an increase in the demand for predictive maintenance, a surge in environmental monitoring, and a boost in energy efficiency requirements.
How Will the Industrial Sensor Market Size Evolve and Grow by 2029?
In the upcoming years, the industrial sensor market size is projected to experience robust growth, reaching a value of $35.36 billion by 2029 at a compound annual growth rate (CAGR) of 9.0%. This growth during the forecast period can be attributed to factors such as the increase in sustainability and green manufacturing practices, changes in regulatory frameworks, a surging demand in the healare and medical devices markets, as well as growing demand in the predictive analytics sector. Key trends dictating the market's growth during the forecast period include the integration of IoT and Industry 4.0, wireless connectivity and IoT, miniaturization and MEMS sensors, smart sensors, and edge computing.
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What Drivers Are Propelling the Growth of Industrial Sensor Market Forward?
The rise in industrial automation is playing an instrumental role in propelling the industrial sensor market's expansion. Industrial sensors serve as a cornerstone for automation in industry, facilitating smart, autonomous processes. They make it possible to trace, evaluate, measure, and process numerous changes that take place within industrial manufacturing facilities, such as alterations in position, length, height, the external environment, and displacement. Owing to industrial automation, various sensing devices make robotic operations like deburring, grinding, burnishing, and sanding possible. For example, The International Federation of Robotics (IFR) informs us that around 3.1 million industrial robots were installed worldwide in 2022, with a forecasted increase of 12% in unit installations by 2023. This surge in automation doesn't only improve operational effectiveness, but also throws light on the importance of cutting-edge sensor technologies in enabling robotic applications like grinding, polishing, and the likes.
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Which Emerging Trends Are Transforming the Industrial Sensor Market in 2025?
The upsurge of technological progression is a rising trend in the industrial sensor market. It allows businesses to gain a competitive advantage. The companies are now focusing on devising new technology-based solutions which provide more accurate, real-time control to overcome the challenges brought on by prolonged exposure to hydrogen gas, which can deteriorate the performance of pressure sensors. For instance, in September 2023, Baker Hughes, a company providing services to the oilfield in the US, introduced its Druck hydrogen-rated pressure sensors. These sensors, designed for durable stability in harsh conditions, are suitable for applications including gas turbines, hydrogen electrolysis production, and hydrogen filling stations. They negate the negative impact of hydrogen on the sensor's performance by using high-performance barrier coating technology. This ensures that the sensor's lifespan is at least five years. The new sensors are part of two series, covering from 700 mbar to 700 mbar.
What Are the Key Segments in the Industrial Sensor Market?
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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Who Are the Key Players Shaping the Industrial Sensor Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Industrial Sensor Market?
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.
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