Industrial Sensors Market Size

  • Report ID: 5998
  • Published Date: May 17, 2024
  • Report Format: PDF, PPT

Industrial Sensors Market Size

Industrial Sensors Market size was over USD 28 Billion in 2023 and is anticipated to cross USD 50 Billion by the end of 2036, witnessing more than 9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of industrial sensors is estimated at USD 35 Billion.

The increasing approval of image sensors for machine vision applications in production sectors and the rising expansion of the production sector will exponentially help the industrial sensors market to grow in the expected CAGR. The World Manufacturing Production Statistics published by the United Nations Industrial Development Organization (UNIDO) demonstrated that, as of the second quarter of 2021, worldwide manufacturing production has grown by 18.2 percent annually. The technology of machine vision inspection has revolutionized multiple manufacturing industries.

Industrial Sensors Market
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Author Credits:  Abhishek Verma

  • Report ID: 5998
  • Published Date: May 17, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of the industrial sensors market was over USD 28 billion.

The industrial sensors market is expected to reach around USD 50 Billion by the end of 2036, increasing at a CAGR of almost 9% during the forecast period, i.e., 2024-2036.

The major players in the market are Rockwell Automation Inc., Honeywell International Inc., Texas Instruments Inc., Panasonic Corporation, Crocus Technology, Inc., Te Connectivity, Siemens AG, Amphenol Corporation, Dwyer Instruments, Inc., Bosch Sensortec GMBH, NXP Semiconductors BV, ABB Limited, Futaba, 16 Lab Inc, and others.

The non-contact segment is anticipated to have a share/size of 80% during 2024-2036.

The APAC industrial sensors sector is poised to hold a 38% share by the end of 2036.
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