Industrial Sensors Market Summary
As per Market Research Future Analysis, the Global Industrial Sensor Market was valued at USD 24,107.10 million in 2023 and is projected to grow to USD 46,060.44 million by 2032, with a CAGR of 7.45% from 2024 to 2032. The market growth is driven by the rising adoption of temperature sensors, the integration of IoT and Industry 4.0 in manufacturing, and the increasing demand for smart sensor-based wearable devices. Key segments include pressure sensors, which are expected to hold the largest market share, and image sensors, anticipated to exhibit the highest CAGR during the forecast period. North America leads the market due to automation and Industry 4.0 adoption, while Asia-Pacific shows rapid growth in industrialization and sensor demand.
Key Market Trends & Highlights
Key trends driving the Industrial Sensor Market include technological advancements and increased application across various industries.
- Temperature sensors are widely used across industries like medical, food, and petrochemical, making them a key growth driver.
- The pressure sensor segment is expected to dominate the market share, followed by temperature sensors.
- The non-contact sensor segment is projected to exhibit the highest CAGR during the forecast period.
- MEMS technology is anticipated to hold the largest market share among sensor technologies.
Market Size & Forecast
2023 Market Size: USD 24,107.10 million
2032 Market Size: USD 46,060.44 million
CAGR (2024-2032): 7.45%
Largest Regional Market Share in 2024: North America
Major Players
Key companies include Rockwell Automation, Honeywell International, Texas Instruments, Panasonic Corporation, and ABB Group.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Industrial Sensor Market Trends
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Rising adoption of temperature industrial sensor
Temperature sensors are widely deployed in a wide range of industries, including the medical, food, hydropower station, petrochemical, metallurgy, printing and dyeing pharmaceutical business, and others. Temperature is the most measured physical parameter in industrial production, and many sensors can be employed to monitor it. A temperature sensor is a device that receives temperature information from its surroundings and translates it into specified values. The impact of Industry 4.0 can transform manufacturing businesses. Smart sensors are used to monitor different industrial processes, collecting data, taking measurement, and sending the data to centralized cloud computing platforms where information is collected and analyzed for patterns. The use of wearable electronics for physiological parameter monitoring in the healthcare sector is advancing quickly and having a favorable effect on society. Monitoring physiological parameters can help with early illness identification because they are crucial health markers.
Industrial Sensor Market Segment Insights
Industrial Sensor Market Sensor Type Insights
By sensor type segment, the Industrial Sensors market has been segmented into Pressure Sensor, Position Sensor, Gas Sensor, Image Sensor, Magnetic Sensor, Electromagnetic Sensor, Temperature Sensor, and Others. According to MRFR analysis, the pressure sensor segment is expected to have the largest market share, followed by the temperature sensor segment. The image sensor segment is expected to exhibit the highest CAGR during the forecast period. Position sensor is a device that is used to detect the movement of an object and converts these into signals suitable for processing, transmission, or control. Majorly pressure sensors are used for measuring range, resolution, size & weight, and repeatability. Position sensors are extensively used in applications such as security systems, process control, aerospace, and automotive.
Industrial Sensor Market: Sensor Type Insights (2022 VS 2032) (USD MILLION)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Industrial Sensor Market Type Insights
Industrial Sensors is mainly divided into contact and non-contact type. According to MRFR analysis, the contact segment is expected to have the largest market share, as compare to non-contact type segment. The non-contact segment is expected to exhibit the highest CAGR during the forecast period. The term non-contact or non-contacting usually refers to a sensor that can measure movement or displacement. This sensor has many benefits, including long life, quick responses, high reliability, dependability, and consistent performance (no wear and tear). and offer resistance to contamination and high accuracy.
Industrial Sensor Market: Type Insights (2022 VS 2032) (USD MILLION)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Industrial Sensor Market Technology Insights
By Technology segment, the Industrial Sensors market has been segmented into Micro-Electro-Mechanical Systems (MEMS) Technology, Complementary Metal Oxide Semiconductor (CMOS) Technology, Nanoelectromechanical Systems (NEMS), and Others. According to MRFR analysis, the Micro-Electro-Mechanical Systems (MEMS) Technology segment is expected to have the largest market share, followed by the Complementary Metal Oxide Semiconductor (CMOS) Technology segment. Micro-Electro-Mechanical System (MEMS) Technology is used in microscopic devices, particularly with moving parts, MEMS technology utilizes nanoscales and nanoelectromechanical systems. MEMS technology is extensively used in the fabrication of semiconductor devices used in the manufacturing of electronics such as sensors.
Industrial Sensor Market: Technology Insights (2022 VS 2032) (USD MILLION)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Industrial Sensor Market End User Industry Insights
Industrial Sensors is mainly divided into Oil & Gas, Pharmaceuticals, Chemicals, Manufacturing, and Others End User Industry. According to MRFR analysis, the Oil & Gas segment is expected to have the largest market share, followed by manufacturing segment. Pharmaceuticals industry emit a lot of toxic chemical and gases during production various sensors are used in the industry for the detection of leakage from gas cylinders or fixed piped gas systems within the industry premise; hence, these sensors are used for the detection or monitoring of leakages. These sensors are used in the areas of the pharmaceutical industry where gases are stored and produced.
Industrial Sensor Market End User Industry Insights (2022 VS 2032) (USD MILLION)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Industrial Sensor Market Regional Insights
By Region, the study segments the market into North America, Europe, Asia-Pacific, and Rest of the World. North America is a major market for industrial sensors due to rising automation and increased adoption of industry 4.0 in the region. The region especially the US has the presence of a large number of sensor manufacturers including Rockwell Automation, Honeywell International, Texas Instruments, Amphenol Corporation, Omega Engineering, and Microchip Technology.
Asia pacific regions include countries such as China, India, Japan, South Korea, and others. In recent years the region has witnessed rapid growth in industrialization combined with an increasing presence of small and medium-sized enterprises (SMEs) in the region are some of the factors that are expected to drive the market growth. Countries such as China, India, Japan, and South Korea have witnessed a rapid rise in the manufacturing sector creating a huge demand for gas sensors, position sensors, temperature sensors, and many others to transform and manufacturing facilities.
Further, the countries considered in the scope of the Industrial Sensor Market are the US, Canada, Mexico, UK, Germany, France, Italy, Spain, Switzerland, Austria, Belgium, Denmark, Finland, Greece, Hungary, Italy, Luxembourg, Netherlands, Norway, Poland, Portugal, Slovakia, Sweden, Romania, Ireland, China, Japan, Singapore, Malaysia, Indonesia, Philippines, South Korea, Hong Kong, Macau, Singapore, Brunei, India, Australia & New Zealand, South Africa, Egypt, Nigeria, Saudi Arabia, Qatar, United Arab Emirates, Bahrain, Kuwait, and Oman, Brazil, Argentina, Chile, and others.
Industrial Sensor Market Key Market Players & Competitive Insights
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Industrial Sensor Market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Industrial Sensor Industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
Amphenol Corporation mission is to be a world-leading supplier of sensor products. The company has launched a new series of CO2 sensors—the Telaire T3022 series. These sensors are designed to meet the requirements of low-cost carbon dioxide (CO2) sensing. Amphenol Corporation is one of a few companies aiming to offer various types of industrial sensors products.
Key Companies in the Industrial Sensor Market include
- HONEYWELL INTERNATIONAL INC
Industrial Sensors Industry Developments
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Q2 2024: Honeywell Launches New Industrial Wireless Vibration Sensor to Enhance Predictive Maintenance Honeywell announced the launch of its new wireless vibration sensor designed for industrial applications, enabling real-time equipment monitoring and predictive maintenance in manufacturing and energy sectors.
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Q2 2024: Siemens Expands Industrial Sensor Portfolio with New Optical Inspection Solutions Siemens introduced a new line of optical sensors for industrial quality inspection and robotics, targeting increased automation and precision in manufacturing environments.
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Q2 2024: Bosch Sensortec Unveils Advanced Pressure Sensors for Electric Vehicle Manufacturing Bosch Sensortec launched a new series of high-precision pressure sensors specifically designed for integration into electric vehicle components, supporting automotive industry electrification.
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Q3 2024: Rockwell Automation Opens New Sensor Manufacturing Facility in Texas Rockwell Automation announced the opening of a new manufacturing facility in Texas dedicated to producing industrial sensors for North American markets.
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Q3 2024: Industrial IoT Startup Sensify Raises $30M Series B to Scale Smart Sensor Platform Sensify, a startup specializing in industrial IoT sensors, secured $30 million in Series B funding to expand its smart sensor platform for predictive maintenance and process optimization.
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Q3 2024: TE Connectivity Partners with Panasonic to Develop Next-Gen Industrial Temperature Sensors TE Connectivity and Panasonic announced a strategic partnership to co-develop advanced temperature sensors for industrial automation and energy management applications.
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Q4 2024: ABB Launches Multiparameter Industrial Sensor for Smart Factory Applications ABB introduced a new multiparameter sensor designed to reduce wiring and improve diagnostics in smart factory environments, supporting Industry 4.0 initiatives.
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Q4 2024: STMicroelectronics Announces New Facility in Singapore for Industrial Sensor Production STMicroelectronics revealed the opening of a new manufacturing facility in Singapore focused on producing industrial sensors for global distribution.
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Q1 2025: Renesas Electronics Acquires Sensor Startup for $120 Million to Boost Industrial Offerings Renesas Electronics completed the acquisition of a sensor technology startup for $120 million, aiming to strengthen its industrial sensor product portfolio.
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Q1 2025: Omega Engineering Launches Wireless Temperature Sensor for Hazardous Industrial Sites Omega Engineering announced the release of a new wireless temperature sensor designed for deployment in hazardous and remote industrial locations.
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Q2 2025: Amphenol Corporation Wins Major Contract to Supply Sensors for European Automotive Plants Amphenol Corporation secured a significant contract to supply industrial sensors to several automotive manufacturing plants across Europe.
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Q2 2025: Texas Instruments Introduces Next-Generation Proximity Sensors for Industrial Automation Texas Instruments launched a new series of proximity sensors aimed at enhancing automation and safety in industrial environments.
Industrial Sensor Market Segmentation
Industrial Sensor Market Sensor Type Outlook
Industrial Sensor Market Type Outlook
Industrial Sensor Market Technology Outlook
- Micro-Electro-Mechanical Systems (MEMS) Technology
- MEMS pressure sensors
- Differential pressure sensor
- MEMS magnetic field sensors
- Complementary Metal Oxide Semiconductor (CMOS) Technology
- Nanoelectromechanical Systems (NEMS)
Industrial Sensor Market End User Industry Outlook
Industrial Sensor Market Regional Outlook
| Report Attribute/Metric |
Details |
| Market Size 2023 |
USD 24107.10 million |
| Market Size 2024 |
USD 25915.13 million |
| Market Size 2032 |
USD 46060.44 million |
| Compound Annual Growth Rate (CAGR) |
7.45% (2024-2032) |
| Base Year |
2023 |
| Forecast Period |
2024-2032 |
| Historical Data |
2019-2021 |
| Forecast Units |
Value (USD Million) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Sensor Type, Type, Technology, End User Industry, and Region |
| Geographies Covered |
North America, Europe, Asia Pacific, and Rest of the World |
| Countries Covered |
The U.S, Canada, Mexico, Germany, France, UK, China, Japan, India, Australia, South Korea, UAE, and Brazil |
| Key Companies Profiled |
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, OMEGA ENGINEERING INC, SENSIRION AG, AMS AG, MICROCHIP TECHNOLOGY INC, and ABB GROUP |
| Key Market Opportunities |
GROWING DEMAND OF SMART SENSORS FROM AUTOMOBILE MANUFACTURERS |
| Key Market Dynamics |
RISING ADOPTION OF TEMPERATURE INDUSTRIAL SENSOR GROWING ADOPTION OF IOT AND INDUSTRY 4.0 IN MANUFACTURING RISING DEMAND FOR SMART SENSOR BASED WEARABLE DEVICES |
Industrial Sensors Market Highlights:
Frequently Asked Questions (FAQ):
The Industrial Sensor Market size was valued at USD 24107.1 Million in 2023
The Global Industrial Sensor Market is Projected to reach USD 46060.44 Million in 2032
The global market is projected to grow at a CAGR of 7.45% during the forecast period, 2024-2032.
North America had the largest share in the global market
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, OMEGA ENGINEERING INC, SENSIRION AG, AMS AG, MICROCHIP TECHNOLOGY INC, ABB GROUP, and other.
