Industrial Sensors Market

Industrial Sensors Market with Covid-19 impact by Sensor (Level Sensor, Image Sensor, Gas Sensor, Pressure Sensor, Position Sensor, Temperature and Humidity & Moisture Sensor), Type, End-use industry, and Geography - Global Forecast to 2025

Report Code: SE 6767 Sep, 2020, by marketsandmarkets.com

[165 Pages Report] The Industrial Sensors market size is expected to grow from USD 18.2 billion in 2020 to USD 29.0 billion by 2025, at a CAGR of 9.8%. Growing popularity of industrial 4.0 and IoT and increasing demand of industrial robotics are the key factors driving the growth of the Industrial Sensors market.

Industrial Sensors Market

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Covid-19 Impact in the Industrial sensors market

The outbreak of the COVID-19 pandemic has adversely impacted the growth of several industries, including manufacturing, oil & gas, and many others. Oil & gas is a major end-use industry of the industrial sensor market. Due to COVID-19, many ongoing or new projects across the oil and gas value chain are likely to face many challenges in terms of project execution, planning, and risk management. More than 2000 EPC oil & gas projects across various segments, including LNG, petrochemical, and oil storage & refineries, have to come to a halt or are delayed due to the pandemic. The energy research firm Rystad Energy has predicted that a 25% decline in oil prices could result in a cut in oil and gas investments by USD 30 billion globally.

The automotive and transportation is also a major end-use industry of the industrial sensors market. Many countries, including the US, China, Japan, and South Korea, have stopped the production of automobiles due to the COVID-19 pandemic.

Apart from oil & gas and automotive many other industries across the world, including power generation and mining, have suspended production activities in almost all the countries due to the pandemic. This is expected to lower the demand for industrial sensors and significantly impact the market growth during the forecast period.

Industrial Sensors market dynamics

Driver: Growing popularity of Industrial 4.0 and IIoT

The industrial 4.0 revolution has already begun, and the benefits of using new disruptive technologies are increasingly becoming evident in current industries. Tech giants, such as AT&T and Google, are also venturing in Industry 4.0 solutions.

Industrial Internet of Things (IIoT), a subsegment of IoT, is used for industrial purposes, such as manufacturing and supply chain monitoring and management. The growing use of IIoT is expected to fuel the demand for sensors in most of the industries, including automotive and healthcare. Sensor technology, combined with computing power, offers solutions with higher productivity to customers.

Restraint: Price competitive market

Many industrial sensors are custom-made for manufacturers or system suppliers. It is not a commodity yet. Depending upon the application, the specification for a sensor varies, which increases the cost of a sensor, and sensor manufacturers cannot reduce the cost due to the lack of mass production. However, OEMs expect sensor manufacturers to provide the best technology at a lower cost. This increases pricing pressure on sensor manufacturers, owing to which they have to slim down on profits.

Opportunity: Use of smart sensors in several manufacturing industries

Given the use of smart sensors in industrial automation and building automation, the demand for these sensors is also increasing in several other industries, such as petrochemical, semiconductor, food processing, and transportation owing to their ability to monitor and process the vibration and noise signals. Smart sensors have the capability of collecting, transmitting, and processing information. Therefore, they are capable of detecting machine health and predicting the likelihood of its failure, thereby assisting the manufacturing industry to reduce the maintenance cost and achieve greater cost savings by minimizing downtime.

Challenge: Reluctance in adopting sensor technology in old industries

Today, most of the industries are still running on decade-old machinery that is not outfitted with sensors. This is due to the unavailability of instant solutions and the variations in each industry with regard to its requirement. Also, it requires an acumen to understand each machine’s functions and the metrics to be tracked; trial and error to determine the right sensor and its suitable location to install; and a plan for collecting, filtering, and deciphering the collected data. Industries believe that this process is complicated and incurs high costs. They believe that sensors make the equipment more complicated.

Industrial Sensors Market Value Chain Analysis

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Market for level sensors to hold largest share in 2019

The market for level sensors accounted for the largest size in 2019. A level sensor is used to detect and measure the level of liquids, bulk solids, and other fluids. The level measurement is either continuous or in the form of point values. The need for level sensor arises due to various factors, such as the need for accuracy, appearance, response rate; ease of calibration of instruments; size of the instrument; monitoring and/or controlling of continuous or point level.

Market for contact type to hold largest share in 2019

The market for contact type sensors  is estimated to account for a larger share of the overall Industrial Sensors market, in 2019. Contact level sensors involve physical contact between the device (comprising contact type industrial sensor) and media. The technologies used in contact type level sensors are magnetoresistive, vibratory probe, hydrostatic, magnetic and mechanical float, pneumatic, rotating paddle, resistive chain, and weight and chain. Some of the most common types of contact type sensors are temperature sensors, pressure sensors, force sensors, flow sensors, etc.

Market in APAC to hold the largest share

In terms of value, APAC  led the Industrial Sensors  market in 2019, accounting for the largest share of the overall Industrial Sensors market, by region. As China is among the major industrial areas in the world, the industrial sensors market in APAC is expected to record the largest market share by 2025. Key countries for the industrial sensors market in APAC are China and Japan. APAC has vast opportunities for revenue generation from the industrial sector in the coming years.

Industrial Sensors Market by Region

Key Market Players

Rockwell Automation (US), Honeywell (US), Texas Instruments (US), Siemens (Germany), Bosch Sensortec (US), Panasonic (Japan), STMicroelectronics (Switzerland), First Sensor (Germany), Amphenol Corporation (US), Integrated Device Technology (US), TE Connectivity (Switzerland), Omega Engineering (US), Sensirion (Switzerland), Ams AG (Austria), Microchip (US), NXP Semiconductors (Netherlands), Teledyne Technologies Incorporated (US), Figaro Engineering inc (Japan), and Safran Colibrys SA (Switzerland)   are a few major companies dominating the industrial sensors  market.

Scope of the Report:

Report Metric

Details

Market size available for years

2017–2025

Base year

2019

Forecast period

2020–2025

Units

Value (USD)

Segments covered

End-use industry, type, sensor, and Geography

Geographic regions covered

North America, APAC, Europe, and RoW

Companies covered

Rockwell Automation (US), Honeywell (US), Texas Instruments (US), Siemens (Germany), Bosch Sensortec (US), Panasonic (Japan), STMicroelectronics (Switzerland), First Sensor (Germany), Amphenol Corporation (US), Integrated Device Technology (US), TE Connectivity (Switzerland), Omega Engineering (US), Sensirion (Switzerland), Ams AG (Austria), Microchip (US), NXP Semiconductors (Netherlands), Teledyne Technologies Incorporated (US), Figaro Engineering inc (Japan) , Safran Colibrys SA (Switzerland)

This report categorizes the Industrial Sensors market by end-user industry, applications, type, revenue, and geography.

By Sensor:

  • Level Sensor
  • Flow Sensors
  • Temperature Sensor
  • Force Sensor
  • Pressure Sensor
  • Position Sensor
  • Humidity and Moisture Sensor
  • Image Sensor
  • Gas Sensor

By Type:

  • Contact
  • Non-Contact

By End-use Industry:

  • Manufacturing
  • Pharmaceutical
  • Chemical
  • Oil & Gas
  • Energy & Power
  • Mining

Geographic Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • Rest of APAC
  • Rest of the World (RoW)

Recent Developments

  • In February 2020, Panasonic developed a time-of-flight (TOF) image sensor that uses avalanche photodiode (APD) pixels and is capable of acquiring highly accurate 3D information in accordance with the position of objects from near to far places at distances up to 250 m. The sensor can be applied in a variety of fields, including automotive range imaging and wide-area surveillance..
  • In May 2020, STMicroelectronics introduced VL53L3CX, a time-of-flight sensor that enables multi-object ranging for next-gen industrial and personal electronics applications.
  • In February 2018, Bosch Sensortec launched a new high-performance barometric pressure MEMS sensor, BMP388. It is ideally suited for altitude tracking in consumer electronics, drones, wearables, smart homes, and other applications.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 20)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION
    1.3 MARKET SCOPE
           1.3.1 MARKETS COVERED
           1.3.2 GEOGRAPHIC SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 INCLUSIONS AND EXCLUSIONS
    1.6 PACKAGE SIZE
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 24)
    2.1 RESEARCH DATA
        FIGURE 1 RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary sources
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primaries
    2.2 MARKET SIZE ESTIMATION
        FIGURE 2 RESEARCH FLOW OF MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                 FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                 FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN & DATA TRIANGULATION
        FIGURE 5 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 32)
  FIGURE 1 GLOBAL INDUSTRIAL SENSORS MARKET, 2017–2025 (USD MILLION)
  FIGURE 2 LEVEL SENSORS SEGMENT HELD LARGEST SHARE OF INDUSTRIAL SENSORS MARKET IN 2019
  FIGURE 3 INDUSTRIAL SENSORS MARKET BY NONCONTACT TYPE TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
  FIGURE 4 INDUSTRIAL SENSORS MARKET FOR MANUFACTURING APPLICATIONS HELD LARGEST SHARE IN 2019
  FIGURE 5 APAC HELD LARGEST SHARE OF INDUSTRIAL SENSORS MARKET IN 2019

4 PREMIUM INSIGHT (Page No. - 36)
    4.1 ATTRACTIVE OPPORTUNITIES FOR INDUSTRIAL SENSORS MARKET
        FIGURE 6 INCREASING USE OF INDUSTRIAL SENSORS IN MANUFACTURING INDUSTRY TO OFFER OPPORTUNITIES FOR MARKET GROWTH
    4.2 INDUSTRIAL SENSORS MARKET, BY TYPE
        FIGURE 7 LEVEL SENSOR SEGMENT TO HOLD LARGEST SHARE OF INDUSTRIAL SENSORS MARKET IN 2025
    4.3 INDUSTRIAL SENSORS MARKET IN APAC BY END-USE INDUSTRY AND COUNTRY
        FIGURE 8 MANUFACTURING SEGMENT HELD LARGEST SHARE OF INDUSTRIAL SENSORS MARKET IN APAC IN 2019
    4.4 INDUSTRIAL SENSORS MARKET, BY GEOGRAPHY
        FIGURE 9 INDUSTRIAL SENSORS MARKET IN THE US TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
    4.5 INDUSTRIAL SENSORS MARKET, BY END-USE INDUSTRY
        FIGURE 10 PHARMACEUTICAL TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 39)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 11 INDUSTRIAL SENSORS MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Growing popularity of Industrial 4.0 and IIoT
                    5.2.1.2 Increasing use of force sensors in the manufacturing of automobiles
                    5.2.1.3 Increasing demand for industrial robots
                            FIGURE 12 INDUSTRIAL SENSORS MARKET DRIVERS AND THEIR IMPACT
           5.2.2 RESTRAINTS
                    5.2.2.1 High installation cost of sensor networks
                    5.2.2.2 Price competitive market
                            FIGURE 13 INDUSTRIAL SENSORS MARKET RESTRAINTS AND THEIR IMPACT
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Predictive maintenance to offer lucrative opportunities to market players
                    5.2.3.2 Use of smart sensors in several manufacturing industries
                            FIGURE 14 INDUSTRIAL SENSORS MARKET OPPORTUNITIES AND THEIR IMPACT
           5.2.4 CHALLENGES
                    5.2.4.1 Reluctance in adopting sensor technology in old industries
                            FIGURE 15 INDUSTRIAL SENSORS MARKET CHALLENGES AND THEIR IMPACT
    5.3 VALUE CHAIN ANALYSIS
        FIGURE 16 VALUE CHAIN ANALYSIS

6 INDUSTRY TRENDS (Page No. - 47)
    6.1 INDUSTRIAL SENSOR ECOSYSTEM
        FIGURE 17 MARKET MAP OF INDUSTRIAL SENSORS
    6.2 KEY USE CASE
           6.2.1 PRESSURE SENSOR PACKAGE DEVELOPED WITH REDUCED FOOTPRINT
    6.3 KEY PATENT ANALYSIS
           6.3.1 MORE THAN 5000 PATENTS FILED IN INDIA SINCE 2015
    6.4 HIGH REGULATORY BARRIER
    6.5 AVERAGE SELLING PRICE
        TABLE 1 AVERAGE SELLING PRICE OF VARIOUS INDUSTRIAL SENSORS, 2019
    6.6 HISTORICAL 4-YEAR REVENUE ANALYSIS
        TABLE 2 INDUSTRIAL SENSORS MARKET, 2015–2018 (USD MILLION)
    6.7 IMPACT OF COVID-19 ON INDUSTRIAL SENSORS MARKET

7 INDUSTRIAL SENSORS MARKET, BY SENSOR (Page No. - 51)
    7.1 INTRODUCTION
        TABLE 3 INDUSTRIAL SENSORS MARKET, BY SENSOR, 2017–2025 (USD MILLION)
        FIGURE 18 IMAGE SENSOR SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
        TABLE 4 INDUSTRIAL SENSORS MARKET, BY SENSOR, 2017–2025 (MILLION UNITS)
    7.2 LEVEL SENSOR
           7.2.1 LEVEL SENSOR IS USED TO DETECT AND MEASURE THE LEVEL OF LIQUIDS, BULK SOLIDS, AND OTHER FLUIDS
                 TABLE 5 LEVEL SENSOR MARKET, BY TYPE, 2017–2025 (USD MILLION)
                 TABLE 6 LEVEL SENSOR MARKET, IN TERMS OF VALUE, VOLUME, & ASP, 2017–2025
                 TABLE 7 LEVEL SENSOR MARKET, BY END-USE INDUSTRY, 2017–2025 (USD MILLION)
                 TABLE 8 INDUSTRIAL SENSORS MARKET FOR LEVEL SENSORS, BY REGION, 2017–2025 (USD MILLION)
    7.3 TEMPERATURE SENSOR
           7.3.1 GROWING USE OF TEMPERATURE SENSORS IN PROCESS AND NON-PROCESS APPLICATIONS
                 TABLE 9 TEMPERATURE SENSOR MARKET, BY TYPE, 2017–2025 (USD MILLION)
                 TABLE 10 TEMPERATURE SENSOR MARKET, IN TERMS OF VALUE, VOLUME, & ASP, 2017–2025
                 TABLE 11 TEMPERATURE SENSOR MARKET, BY END-USE INDUSTRY, 2017–2025 (USD MILLION)
                 TABLE 12 INDUSTRIAL SENSORS MARKET FOR TEMPERATURE SENSORS, BY REGION, 2017–2025 (USD MILLION)
    7.4 FLOW SENSOR
           7.4.1 FLOW SENSORS ARE USED TO MEASURE THE RATE OF FLUID FLOW, EITHER DIRECTLY OR INFERENTIALLY
                 TABLE 13 FLOW SENSOR MARKET, BY TYPE, 2017–2025 (USD MILLION)
                 TABLE 14 FLOW SENSOR MARKET, IN TERMS OF VALUE, VOLUME, & ASP, 2017–2025
                 TABLE 15 FLOW SENSOR MARKET, BY END-USE INDUSTRY, 2017–2025 (USD MILLION)
                 TABLE 16 INDUSTRIAL SENSORS MARKET FOR FLOW SENSORS, BY REGION, 2017–2025 (USD MILLION)
    7.5 POSITION SENSORS
           7.5.1 INCREASING APPLICATION AREAS OF POSITION SENSORS WITH TECHNOLOGICAL ADVANCEMENTS
                 TABLE 17 POSITION SENSOR MARKET, BY TYPE I, 2017–2025 (USD MILLION)
                 TABLE 18 POSITION SENSOR MARKET, IN TERMS OF VALUE, VOLUME, & ASP, 2017–2025
                 TABLE 19 POSITION SENSOR MARKET, BY TYPE II, 2017–2025 (USD MILLION)
           7.5.2 LINEAR POSITION SENSOR
                 TABLE 20 LINEAR POSITION SENSOR MARKET, BY TYPE, 2017–2025 (USD MILLION)
           7.5.3 ANGULAR POSITION SENSOR
                 TABLE 21 ANGULAR POSITION SENSOR MARKET, BY TYPE, 2017–2025 (USD MILLION)
                 TABLE 22 POSITION SENSOR MARKET, BY END-USE INDUSTRY, 2017–2025 (USD MILLION)
                 TABLE 23 INDUSTRIAL SENSORS MARKET FOR POSITION SENSORS, BY REGION, 2017–2025 (USD MILLION)
    7.6 PRESSURE SENSOR
           7.6.1 INCREASING APPLICATIONS IN SEMICONDUCTOR PROCESSING, ROBOTICS, AND TEST & MEASUREMENTS
                 TABLE 24 PRESSURE SENSOR MARKET, BY TYPE, 2017–2025 (USD MILLION)
                 TABLE 25 PRESSURE SENSOR MARKET, IN TERMS OF VALUE, VOLUME, & ASP, 2017–2025
                 TABLE 26 PRESSURE SENSOR MARKET, BY END-USE INDUSTRY, 2017–2025 (USD MILLION)
                 TABLE 27 INDUSTRIAL SENSORS MARKET FOR PRESSURE SENSORS, BY REGION, 2017–2025 (USD MILLION)
    7.7 FORCE SENSOR
           7.7.1 INCREASING USE OF FORCE SENSORS IN VARIOUS INDUSTRIAL APPLICATIONS
                 TABLE 28 FORCE SENSOR MARKET, BY END-USE INDUSTRY, 2017–2025 (USD MILLION)
                 TABLE 29 FORCE SENSOR MARKET, IN TERMS OF VALUE, VOLUME, & ASP, 2017–2025
                 TABLE 30 FORCE SENSOR MARKET, BY TECHNOLOGY, 2017–2025 (USD MILLION)
                 TABLE 31 INDUSTRIAL SENSORS MARKET FOR FORCE SENSORS, BY REGION, 2017–2025 (USD MILLION)
    7.8 HUMIDITY AND MOISTURE SENSOR
           7.8.1 HIGH DEMAND IN CHEMICAL, PETROCHEMICAL, PHARMACEUTICAL, HVAC, OIL & GAS, AND FOOD & BEVERAGE INDUSTRIES
                 TABLE 32 HUMIDITY AND MOISTURE SENSOR MARKET, BY END-USE INDUSTRY, 2017–2025 (USD MILLION)
                 TABLE 33 HUMIDITY & MOISTURE MARKET, IN TERMS OF VALUE, VOLUME, & ASP, 2017–2025
                 TABLE 34 INDUSTRIAL SENSORS MARKET FOR HUMIDITY & MOISTURE SENSORS, BY REGION, 2017–2025 (USD MILLION)
    7.9 IMAGE SENSOR
           7.9.1 GROWTH OF IMAGE SENSOR MARKET IS PRIMARILY DRIVEN BY MACHINE VISION APPLICATION
                 TABLE 35 IMAGE SENSOR MARKET, BY END-USE INDUSTRY, 2017–2025 (USD MILLION)
                 TABLE 36 IMAGE SENSOR MARKET, IN TERMS OF VALUE, VOLUME, & ASP, 2017–2025
                 TABLE 37 INDUSTRIAL SENSORS MARKET FOR IMAGE SENSORS, BY REGION, 2017–2025 (USD MILLION)
    7.10 GAS SENSOR
           7.10.1 GAS SENSOR IS USED IN INDUSTRIES TO MEASURE CONCENTRATION OF DIFFERENT GASES IN AIR OR INSIDE A SYSTEM
                  TABLE 38 GAS SENSOR MARKET, BY TYPE, 2017–2025 (USD MILLION)
                  TABLE 39 GAS SENSOR MARKET, IN TERMS OF VALUE, VOLUME, & ASP, 2017–2025
                  TABLE 40 GAS SENSOR MARKET, BY END-USE INDUSTRY, 2017–2025 (USD MILLION)
                  TABLE 41 INDUSTRIAL SENSORS MARKET FOR GAS SENSORS, BY REGION, 2017–2025 (USD MILLION)

8 INDUSTRIAL SENSORS MARKET, BY TYPE (Page No. - 69)
    8.1 INTRODUCTION
        TABLE 42 INDUSTRIAL SENSORS MARKET, BY TYPE, 2017–2025 (USD MILLION)
        FIGURE 19 NONCONTACT TYPE INDUSTRIAL SENSORS TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
    8.2 CONTACT
           8.2.1 TEMPERATURE SENSORS SEGMENT TO HOLD LARGEST SHARE OF CONTACT TYPE SENSORS MARKET DURING FORECAST PERIOD
                 TABLE 43 INDUSTRIAL SENSORS MARKET FOR CONTACT TYPE, BY SENSOR, 2017–2025 (USD MILLION)
    8.3 NONCONTACT
           8.3.1 IMAGE SENSORS IS FASTEST-GROWING SEGMENT OF NONCONTACT TYPE INDUSTRIAL SENSORS MARKET
                 TABLE 44 INDUSTRIAL SENSORS MARKET FOR NONCONTACT TYPE, BY SENSOR, 2017–2025 (USD MILLION)

9 INDUSTRIAL SENSORS MARKET, BY END-USE INDUSTRY (Page No. - 73)
    9.1 INTRODUCTION
        TABLE 45 INDUSTRIAL SENSORS MARKET, BY END-USE INDUSTRY, 2017–2025 (USD MILLION)
        FIGURE 20 PHARMACEUTICAL SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    9.2 MANUFACTURING
           9.2.1 LARGE-SCALE IMPLEMENTATION OF SENSORS ACROSS VARIOUS INDUSTRIES FOR GENERATING DATA AND MONITORING FACILITIES
                 TABLE 46 INDUSTRIAL SENSORS MARKET FOR MANUFACTURING, BY SENSOR, 2017–2025 (USD MILLION)
                 TABLE 47 INDUSTRIAL SENSORS MARKET FOR MANUFACTURING, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 48 INDUSTRIAL SENSORS MARKET IN NORTH AMERICA FOR MANUFACTURING, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 49 INDUSTRIAL SENSORS MARKET IN APAC FOR MANUFACTURING, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 50 INDUSTRIAL SENSORS MARKET IN EUROPE FOR MANUFACTURING, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 51 INDUSTRIAL SENSORS MARKET FOR MANUFACTURING, BY TYPE, 2017–2025 (USD MILLION)
    9.3 OIL & GAS
           9.3.1 HIGH FOCUS ON CONSISTENT AND EFFECTIVE OPERATION OF PIPELINES AND OTHER EQUIPMENT
                 TABLE 52 INDUSTRIAL SENSORS MARKET FOR OIL & GAS, BY SENSOR, 2017–2025 (USD MILLION)
                 TABLE 53 INDUSTRIAL SENSORS MARKET FOR OIL & GAS, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 54 SOME OF THE UPCOMING EPC PROJECTS THAT WILL CREATE GROWTH OPPORTUNITIES IN MARKET
                 TABLE 55 INDUSTRIAL SENSORS MARKET IN NORTH AMERICA FOR OIL & GAS, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 56 INDUSTRIAL SENSORS MARKET IN APAC FOR OIL & GAS, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 57 INDUSTRIAL SENSORS MARKET IN EUROPE FOR OIL & GAS, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 58 INDUSTRIAL SENSORS MARKET FOR OIL & GAS, BY TYPE, 2017–2025 (USD MILLION)
    9.4 CHEMICAL
           9.4.1 MOISTURE-PROOF AND CHEMICAL-RESISTANT STRAIN GAUGES (FORCE SENSORS) ARE USED FOR MONITORING APPLICATIONS
                 TABLE 59 INDUSTRIAL SENSORS MARKET FOR CHEMICAL, BY SENSOR, 2017–2025 (USD MILLION)
                 TABLE 60 INDUSTRIAL SENSORS MARKET FOR CHEMICAL, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 61 INDUSTRIAL SENSORS MARKET IN NORTH AMERICA FOR CHEMICAL, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 62 INDUSTRIAL SENSORS MARKET IN APAC FOR CHEMICAL, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 63 INDUSTRIAL SENSORS MARKET IN EUROPE FOR CHEMICAL, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 64 INDUSTRIAL SENSORS MARKET FOR CHEMICAL, BY TYPE, 2017–2025 (USD MILLION)
    9.5 PHARMACEUTICAL
           9.5.1 PHARMACEUTICAL COMPANIES USE SENSORS FOR SUPERVISION AND MANAGEMENT OF VARIOUS PROCESSES OCCURRING ON THE PRODUCTION FLOOR
                 TABLE 65 INDUSTRIAL SENSORS MARKET FOR PHARMACEUTICAL, BY SENSOR, 2017–2025 (USD MILLION)
                 TABLE 66 INDUSTRIAL SENSORS MARKET FOR PHARMACEUTICAL, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 67 INDUSTRIAL SENSORS MARKET IN NORTH AMERICA FOR PHARMACEUTICAL, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 68 INDUSTRIAL SENSORS MARKET IN APAC FOR PHARMACEUTICAL, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 69 INDUSTRIAL SENSORS MARKET IN EUROPE FOR PHARMACEUTICAL, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 70 INDUSTRIAL SENSORS MARKET FOR PHARMACEUTICAL, BY TYPE, 2017–2025 (USD MILLION)
    9.6 ENERGY & POWER
           9.6.1 INCREASING USE OF SENSORS IN SMART GRIDS TO RECEIVE AND SEND REAL-TIME INPUTS ON VARIOUS PARAMETERS
                 TABLE 71 INDUSTRIAL SENSORS MARKET FOR ENERGY & POWER, BY SENSOR, 2017–2025 (USD MILLION)
                 TABLE 72 INDUSTRIAL SENSORS MARKET FOR ENERGY & POWER, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 73 INDUSTRIAL SENSORS MARKET IN NORTH AMERICA FOR ENERGY & POWER, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 74 INDUSTRIAL SENSORS MARKET IN APAC FOR ENERGY & POWER, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 75 INDUSTRIAL SENSORS MARKET IN EUROPE FOR ENERGY & POWER, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 76 INDUSTRIAL SENSORS MARKET FOR ENERGY & POWER, BY TYPE, 2017–2025 (USD MILLION)
    9.7 MINING
           9.7.1 INCREASING NEED FOR SAFETY IN MINING INDUSTRY IS DRIVING THE DEMAND FOR SENSORS
                 TABLE 77 INDUSTRIAL SENSORS MARKET FOR MINING, BY SENSOR, 2017–2025 (USD MILLION)
                 TABLE 78 INDUSTRIAL SENSORS MARKET FOR MINING, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 79 INDUSTRIAL SENSORS MARKET IN NORTH AMERICA FOR MINING, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 80 INDUSTRIAL SENSORS MARKET IN APAC FOR MINING, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 81 INDUSTRIAL SENSORS MARKET IN EUROPE FOR MINING, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 82 INDUSTRIAL SENSORS MARKET IN EUROPE FOR MINING, BY TYPE, 2017–2025 (USD MILLION)

10 MARKET, BY TECHNOLOGY (Page No. - 93)
     10.1 INTRODUCTION
     10.2 MAJOR PACKAGING TYPES CONSIDERED IN INDUSTRIAL SENSOR MARKET
             10.2.1 INTRODUCTION
             10.2.2 SYSTEM-IN-PACKAGE (SIP)
             10.2.3 SYSTEM-ON-CHIP (SOC)
                        10.2.3.1 Difference between System-in-Package (SiP) and System-on-Chip (SoC)
                                 TABLE 83 TECHNICAL FEATURES OF SYSTEM-IN-PACKAGE (SIP) AND SYSTEM-ON-CHIP (SOC)
     10.3 MEMS TECHNOLOGY
             10.3.1 ROLE OF VERY LARGE-SCALE INTEGRATION TECHNOLOGY (VLSI)
             10.3.2 RELEVANCE OF NANOELECTROMECHANICAL SYSTEMS (NEMS)
             10.3.3 MERITS AND DEMERITS OF MEMS TECHNOLOGY
     10.4 CMOS TECHNOLOGY
             10.4.1 MERITS AND DEMERITS OF CMOS TECHNOLOGY
     10.5 OTHER TECHNOLOGIES
             10.5.1 OPTICAL SPECTROSCOPY
             10.5.2 MICROSYSTEMS TECHNOLOGY (MST)
             10.5.3 INTEGRATED INDUSTRIAL SENSOR - HYBRID SENSOR
             10.5.4 IC-COMPATIBLE 3D MICROSTRUCTURING
             10.5.5 APPLICATION-SPECIFIC INTEGRATED CIRCUIT (ASIC)

11 GEOGRAPHIC ANALYSIS (Page No. - 98)
     11.1 INTRODUCTION
          FIGURE 21 GEOGRAPHIC SNAPSHOT: INDUSTRIAL SENSOR MARKET IN US TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
          TABLE 84 INDUSTRIAL SENSORS MARKET, BY REGION, 2017–2025 (USD MILLION)
          FIGURE 22 APAC AND NORTH AMERICA TO WITNESS HIGHEST CAGR IN INDUSTRIAL SENSOR MARKET DURING FORECAST PERIOD
     11.2 EUROPE
          FIGURE 23 EUROPE: SNAPSHOT OF INDUSTRIAL SENSORS MARKET
          TABLE 85 INDUSTRIAL SENSORS MARKET IN EUROPE, BY END-USE INDUSTRY, 2017–2025 (USD MILLION)
          TABLE 86 INDUSTRIAL SENSORS MARKET IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
             11.2.1 UK
                        11.2.1.1 Developments in the industrial sector to drive growth of UK industrial sensors market
                                 TABLE 87 INDUSTRIAL SENSORS MARKET IN UK, BY END-USE INDUSTRY, 2017–2025 (USD MILLION)
             11.2.2 GERMANY
                        11.2.2.1 Automotive industry is one of the major end-use industries of industrial sensors market
                                 TABLE 88 INDUSTRIAL SENSORS MARKET IN GERMANY, BY END-USE INDUSTRY, 2017–2025 (USD MILLION)
             11.2.3 FRANCE
                        11.2.3.1 Upcoming safety regulations to drive the growth of industrial sensors market in France
                                 TABLE 89 INDUSTRIAL SENSORS MARKET IN FRANCE, BY END-USE INDUSTRY, 2017–2025 (USD MILLION)
             11.2.4 REST OF EUROPE
                    TABLE 90 INDUSTRIAL SENSORS MARKET IN REST OF EUROPE, BY END-USE INDUSTRY, 2017–2025 (USD MILLION)
     11.3 APAC
          FIGURE 24 APAC: SNAPSHOT OF INDUSTRIAL SENSORS MARKET
          TABLE 91 INDUSTRIAL SENSORS MARKET IN APAC, BY END-USE INDUSTRY, 2017–2025 (USD MILLION)
          TABLE 92 INDUSTRIAL SENSORS MARKET IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
             11.3.1 CHINA
                        11.3.1.1 Increasing implementation of sensors in almost all industrial applications
                                 TABLE 93 INDUSTRIAL SENSORS MARKET IN CHINA, BY END-USE INDUSTRY, 2017–2025 (USD MILLION)
             11.3.2 JAPAN
                        11.3.2.1 Increasing use of robotics in several industries in Japan
                                 TABLE 94 INDUSTRIAL SENSORS MARKET IN JAPAN, BY END-USE INDUSTRY, 2017–2025 (USD MILLION)
             11.3.3 REST OF APAC
                    TABLE 95 INDUSTRIAL SENSORS MARKET IN REST OF APAC, BY END-USE INDUSTRY, 2017–2025 (USD MILLION)
     11.4 NORTH AMERICA
          FIGURE 25 NORTH AMERICA: SNAPSHOT OF INDUSTRIAL SENSORS MARKET
          TABLE 96 INDUSTRIAL SENSORS MARKET IN NORTH AMERICA, BY END-USE INDUSTRY, 2017–2025 (USD MILLION)
          TABLE 97 INDUSTRIAL SENSORS MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
             11.4.1 US
                        11.4.1.1 North American manufacturing sector is dependent on the dominant US economy
                                 TABLE 98 INDUSTRIAL SENSORS MARKET IN US, BY END-USE INDUSTRY, 2017–2025 (USD MILLION)
             11.4.2 CANADA
                        11.4.2.1 Canada’s close proximity to the US has fueled growth of industrial sector market
                                 TABLE 99 INDUSTRIAL SENSORS MARKET IN CANADA, BY END-USE INDUSTRY, 2017–2025 (USD MILLION)
             11.4.3 MEXICO
                        11.4.3.1 Increasing automation in several industries in Mexico
                                 TABLE 100 INDUSTRIAL SENSORS MARKET IN MEXICO, BY END-USE INDUSTRY, 2017–2025 (USD MILLION)
     11.5 ROW
          TABLE 101 INDUSTRIAL SENSORS MARKET IN ROW, BY END-USE INDUSTRY, 2017–2025 (USD MILLION)

12 COMPETITIVE LANDSCAPE (Page No. - 115)
     12.1 INTRODUCTION
          FIGURE 26 MAJOR PLAYERS IN INDUSTRIAL SENSORS MARKET ADOPTED PRODUCT LAUNCHES AS KEY GROWTH STRATEGY FROM 2017 TO 2020
     12.2 RANKING ANALYSIS OF PLAYERS IN INDUSTRIAL SENSORS MARKET
          FIGURE 27 INDUSTRIAL SENSORS MARKET SHARE 2019
     12.3 COMPETITIVE LEADERSHIP MAPPING
          FIGURE 28 INDUSTRIAL SENSORS MARKET (GLOBAL): COMPETITIVE LEADERSHIP MAPPING, 2019
             12.3.1 STAR
             12.3.2 EMERGING LEADERS
             12.3.3 PERVASIVE
             12.3.4 EMERGING COMPANIES
     12.4 STRENGTH OF PRODUCT PORTFOLIO (25 COMPANIES)
          FIGURE 29 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN INDUSTRIAL SENSORS MARKET
     12.5 BUSINESS STRATEGY EXCELLENCE (25) COMPANIES
          FIGURE 30 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN INDUSTRIAL SENSORS MARKET
     12.6 COMPETITIVE SCENARIO
          FIGURE 31 MARKET EVOLUTION FRAMEWORK: PRODUCT LAUNCHES, FOLLOWED BY MERGERS & ACQUISITIONS, FUELED INDUSTRIAL SENSORS MARKET GROWTH (2017–2019)
             12.6.1 PRODUCT LAUNCHES AND DEVELOPMENTS
                    TABLE 102 PRODUCT LAUNCHES AND DEVELOPMENTS, 2017–2019
             12.6.2 MERGERS & ACQUISITIONS
                    TABLE 103 MERGERS & ACQUISITIONS, 2017–2019
             12.6.3 CONTRACTS, PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS
                    TABLE 104 CONTRACTS, PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS, 2017–2019

13 COMPANY PROFILE (Page No. - 127)
     13.1 INTRODUCTION
     13.2 KEY PLAYERS
             13.2.1 ROCKWELL AUTOMATION
                    FIGURE 32 ROCKWELL AUTOMATION: COMPANY SNAPSHOT
             13.2.2 HONEYWELL
                    FIGURE 33 HONEYWELL: COMPANY SNAPSHOT
             13.2.3 TEXAS INSTRUMENTS
                    FIGURE 34 TEXAS INSTRUMENTS: COMPANY SNAPSHOT
             13.2.4 PANASONIC
                    FIGURE 35 PANASONIC: COMPANY SNAPSHOT
             13.2.5 STMICROELECTRONICS
                    FIGURE 36 STMICROELECTRONICS: COMPANY SNAPSHOT
             13.2.6 FIRST SENSOR
                    FIGURE 37 FIRST SENSOR: COMPANY SNAPSHOT
             13.2.7 SIEMENS
                    FIGURE 38 SIEMENS: COMPANY SNAPSHOT
             13.2.8 AMPHENOL CORPORATION
                    FIGURE 39 AMPHENOL CORPORATION: COMPANY SNAPSHOT
             13.2.9 INTEGRATED DEVICE TECHNOLOGY
                          FIGURE 40 INTEGRATED DEVICE TECHNOLOGY: COMPANY SNAPSHOT
             13.2.10 BOSCH SENSORTEC
                        13.2.10.1 Business overview
                        13.2.10.2 Products offered
                        13.2.10.3 Recent developments
                        13.2.10.4 MNM view
     13.3 RIGHT-TO-WIN
     13.4 OTHER KEY PLAYERS
             13.4.1 TE CONNECTIVITY
             13.4.2 OMEGA ENGINEERING
             13.4.3 SENSIRION
             13.4.4 AMS AG
             13.4.5 MICROCHIP
             13.4.6 NXP SEMICONDUCTORS
             13.4.7 ENDRESS+HAUSER MANAGEMENT AG
             13.4.8 TELEDYNE TECHNOLOGIES INCORPORATED
             13.4.9 FIGARO ENGINEERING INC.
             13.4.10 SAFRAN COLIBRYS SA

14 APPENDIX (Page No. - 160)
     14.1 DISCUSSION GUIDE
     14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.3 AVAILABLE CUSTOMIZATIONS
     14.4 RELATED REPORTS
     14.5 AUTHOR DETAILS

The study involved 4 major activities in estimating the current size of the Industrial Sensors market. Exhaustive secondary research has been done to collect information about the market, the peer markets, and the parent market. Validating findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information pertinent to this study. Secondary sources include annual reports; press releases; investor presentations; white papers; journals and certified publications; and articles from recognized authors, directories, and databases. Secondary research has been conducted to obtain important information about the industry’s supply chain, value chain, total pool of key players, market segmentation according to the industry trends (to the bottommost level), geographic markets, and key developments from both market- and technology-oriented perspectives.

Primary Research

Extensive primary research has been conducted after gaining knowledge about the Industrial Sensors market scenario through secondary research. Several primary interviews have been conducted with market experts from both demand (commercial application providers) and supply (equipment manufacturers and distributors) sides across four major regions: North America, Europe, APAC, and RoW. Approximately 20% and 80% of primary interviews have been conducted with parties from demand and supply sides, respectively. The primary data has been collected through questionnaires, emails, and telephonic interviews.

Industrial Sensors Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

  • In the complete engineering process, both top-down and bottom-up approaches, along with several data triangulation methods, have been used to estimate and validate the size of the Industrial Sensors market and other dependent submarkets.
  • The key players in the market have been determined through primary and secondary research. This entire research methodology involves the study of the annual and financial reports of the top market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) into the Industrial Sensors market.

Industrial Sensors Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

All the percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in the report.

Report Objectives

  • To describe and forecast the Industrial Sensors market, in terms of value and volume, by type,  end-user, and sensor
  • To describe and forecast the market, in terms of value, by region—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding major factors influencing growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall market
  • To provide detailed overview of value chain analysis in the Industrial Sensors market
  • To analyze opportunities in the market for various stakeholders by identifying high-growth segments of the Industrial Sensors market
  • To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for market leaders
  • To analyze competitive developments such as product developments, expansions, mergers and research & development in the Industrial Sensors market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Product Analysis

Product matrix that gives a detailed comparison of the product portfolio of each company

Company Information

Detailed analysis and profiling of additional market players (up to 5)

COVID-19

Get in-depth analysis of the COVID-19 impact on the Industrial Sensors Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Industrial Sensors Market

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Sep, 2020
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