The industrial sensors market is expected to be valued at USD 16.0 billion in 2018 and is likely to reach USD 21.6 billion by 2023, at a CAGR of 6.16% during the forecast period. The study involved 4 major activities to estimate the current market size for industrial sensors. Exhaustive secondary research was done to collect information on market, peer market, ... Read more

The industrial sensors market is estimated to be valued at US$ 21.84 Bn in 2022 and is expected to exhibit a CAGR of 8.44% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Industrial sensors are used across various industries for measuring physical quantities such as pressure, temperature, flow, and proximity among others. They facilitate automation processes by monitoring ... Read more

According to a market report by Lucintel, the future of the global industrial sensors market looks promising with opportunities in the manufacturing, oil & gas, chemical, pharmaceutical, energy & power and mining markets. The global industrial sensors market is expected to reach an estimated $40.0 billion by 2030 with a CAGR of 9.5% from 2024 to 2030. The major ... Read more

Industrial sensors play an important role in factory automation by monitoring and controlling industrial processes. Sensors are devices that help detect and respond to electrical or optical signals and transmit the resulting information to a monitoring system or operating controller. Some key applications of industrial sensors include temperature monitoring, pressure detection, proximity sensing, and level measurement.

The global Industrial Sensors Market is estimated to be valued at ... Read more