The latest report by IMARC Group, titled “Industrial Sensors Market Share: Global Industry Trends, Size, Growth, Opportunity and Forecast 2022-2027 offers a comprehensive analysis of the industry, which comprises insights on the global industrial sensors market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global industrial sensors market is expected to exhibit a CAGR of 9.1% during 2022-2027. Industrial sensors refer to the devices that can detect changes in the environment and provide subsequent signals or outputs accordingly. They can gauge inputs, such as light, heat, pressure, temperature, voltage, moisture, motion, etc., and aid in generating a response on the display screen for transmitting the information for processing. Some of the commonly utilized industrial sensors include proximity, inductive, photoelectric, capacitive, magnetic, ultrasonic, velocity, etc. They are critical for machine automation as they help in ensuring the accurate positioning of mechanical components and also provide feedback regarding their operational conditions. As a result, industrial sensors find extensive applications across various sectors, such as oil and gas, manufacturing, power generation, healthcare, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Important Attribute and highlights of the Report:
Detailed analysis of the global market share
Market Segmentation
Historical, current, and projected size of the market in terms of volume and value
Latest industry trends and developments
Competitive Landscape
Strategies of major players and product offerings
Industrial Sensors Market Trends:
The rising digitization levels across industries and the increasing need for industrial automation are primarily driving the industrial sensors market. Besides this, the growing adoption of wireless devices and the escalating requirement for improved efficiency of industrial units are further catalyzing the market growth. In addition to this, numerous organizations use industrial sensors to maximize their output, run equipment fault diagnostics, monitor plant assets, etc., which is also augmenting the global market. Moreover, the development of artificial intelligence (AI) and Internet of Things (IoT)-enabled smart sensors is acting as another significant growth-inducing factor. Furthermore, the emergence of Industry 4.0 trends and the expanding research and development (R&D) activities are anticipated to stimulate the industrial sensors market in the coming years.
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
ABB Ltd., Amphenol Corporation, ams AG, Bosch Sensortec GmbH (Robert Bosch GmbH), Honeywell International Inc., NXP Semiconductors N.V., Omega Engineering Inc. (Spectris Plc), Panasonic Corporation, Renesas Electronics Corporation, Rockwell Automation, Siemens AG, STMicroelectronics, TE Connectivity Ltd. and Texas Instruments Incorporated.
The report has segmented the market on the basis on region, sensor, type and end use industry.
Breakup by Sensor:
Level Sensor
Temperature Sensor
Flow Sensor
Position Sensor
Pressure Sensor
Force Sensor
Image Sensor
Gas Sensor
Others
Breakup by Type:
Contact
Noncontact
Breakup by End Use Industry:
Mining, Oil and Gas
Manufacturing
Chemical
Energy and Power
Healthcare
Water and Wastewater Treatment
Aerospace and Defense
Others
Breakup by Region:
North America:( United States, Canada)
Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico,Others)
Middle East and Africa
Key highlights of the Report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
Preface
Scope and Methodology
Executive Summary
Introduction
Global Market
SWOT Analysis
Value Chain Analysis
Price Analysis
Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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