Industrial Sensors Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Industrial Sensors Market in 2025 is assessed at USD 29.64 billion. The global Market size was worth around USD 27.75 billion in 2024 and is set to register a CAGR of over 8.5%, exceeding USD 80.14 billion revenue by 2037. Asia Pacific is on pace to approach USD 33.66 billion by 2037, fueled by increasing investment by government in 4.0 industries in growing countries like China, Japan, New Zealand, Australia, etc.
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.
