Lucintel Forecasts Industrial Sensor Market to Reach $46.0 Billion by 2028

Market-Research

According to the recent study the industrial sensor market is projected to reach an estimated $46.0 billion by 2028 from $29.4 billion in 2023, at a CAGR of 9.3% from 2023 to 2028. Growth in this market is primarily driven by growing use of micro-electro-mechanical systems (MEMS) based sensor in industrial applications, and rising adoption of sensors in industries to monitor and protect assets.

A more than 150 – page report is developed to understand trends, opportunities and forecast in industrial sensor market by sensor type (pressure sensors, position sensors, level sensors, gas sensors, temperature sensors, image sensors, humidity & moisture sensors, flow sensors, and force sensors), product type (contact and non-contact), end use industry (oil & gas, pharmaceuticals, chemicals, manufacturing, mining, and energy & power), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link https://www.lucintel.com/industrial-sensor-market.aspx

“Image sensor market is expected to remain the largest segment during the forecast period.”

Based on sensor type, the industrial sensor market is segmented into pressure sensors, position sensors, level sensors, gas sensors, temperature sensors, image sensors, humidity & moisture sensors, flow sensors, and force sensors. Lucintel forecasts that the image sensor market is expected to remain the largest segment due to the growing use of this sensor for biometric techniques and in machine vision application.

“Within the industrial sensor market, the manufacturing segment is expected to remain the largest end use industry”

Based on end use industry the manufacturing segment is expected to witness the highest growth over the forecast period due to growing trend of industry 4.0 and increasing adoption of automated equipment as well as procedures in industrial manufacturing.

“Asia pacific will dominate the industrial sensor market in near future”

APAC will remain the largest region due to rapid industrialization, increasing adoption of industry 4.0, and presence of large semiconductor production hub in the region.

Download Brochure of this report by clicking on https://www.lucintel.com/industrial-sensor-market.aspx

Major players of industrial sensor market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Rockwell Automation, Omron, Honeywell, Texas Instruments, and STMicroelectronics are among the major industrial sensor providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/industrial-sensor-market.aspx or helpdesk@lucintel.com

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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