The market has a huge potential of growth in various end-use applications such as oil and gas, industrial manufacturing, and consumer goods. The growth in the level sensor market would be driven by the increasing advancement of the Industrial Internet of Things (IIoT), the growing adoption of level sensors in the healthcare end-use application, and the supportive government regulations. Moreover, the rise in vehicle production and the development of smaller, smarter, and cheaper sensors would drive the growth of the level sensor market.

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The market for noncontact level sensors, by technology, held the largest share in 2016. The major market for these is covered by the ultrasonic level sensor and radar-based level sensors. Noncontact level sensors, especially ultrasonic and radar are extremely suitable for hazardous environments. Ultrasonic level sensors offer flexible installation options and require minimal maintenance. Ultrasonic level sensors are ideal for use in applications such as wet wells, rainwater basins, and wastewater chemicals (without vapor). The use of automation technology in various industries is further driving the growth of the studied market.

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The industrial manufacturing end-use application is witnessing a rise in the adoption of automated machinery and processes. These automated machinery essentially require level sensors for control and safety applications. Moreover, major end-use applications of level sensors such as manufacturing and process, semiconductor manufacturing, automotive manufacturing, and aerospace and defense manufacturing are a vital part of industrial manufacturing. Moreover, level sensors play an important role in many automobiles applications such as light motor vehicles (LMVs); tank containers; aviation and air transport applications for fuel level indicators in airplanes and jets; as well as rail transport applications. Several environmental or safety-related mandates by the government are the major driving factors for the studied market in the industrial manufacturing end-use application