Market Overview:
The global connected industrial sensor solution market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for industrial IoT solutions and the growing need for real-time data analytics. The global connected industrial sensor solution market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into Bluetooth connectivity and USB connectivity. The Bluetooth connectivity segment is expected to grow at a higher CAGR than the USB connectivity segment during the forecast period from 2018 to 2030 owing to its low cost and easy installation process as compared to USB connectors. On the basis of application,the market is divided into energy & power, oil & gas, chemical, pharmaceuticals manufacturing sectors among others.
Product Definition:
A Connected Industrial Sensor Solution is a system that collects and analyzes data from sensors located throughout an industrial facility in order to improve operations. The importance of Connected Industrial Sensor Solutions lies in the ability to collect data from a large number of sensors, which can then be used to optimize operations, identify problems early, and prevent them from becoming bigger issues.
Bluetooth Connectivity:
Bluetooth connectivity is a wireless technology for connecting two devices, which are separated by distance and secured through Bluetooth. It allows the connection of peripherals to an electronic device. The technology has been around for more than ten years; however, it has only recently gained popularity as a low-cost and secure way to wirelessly connect devices.
USB Connectivity:
Industrial sensors are used to monitor and detect physical parameters such as temperature, pressure, flow rate, and humidity. These sensors are widely used in industries such as oil & gas, power generation utilities for monitoring the power line frequency voltage etc. Industrial sensor systems have witnessed significant growth over the past few years owing to their ability of providing accurate data with greater efficiency at a minimal cost. This has resulted in increased adoption across various industrial sectors which is expected to drive market growth over the forecast period.
Application Insights:
The manufacturing segment dominated the global connected industrial sensor solution market in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to factors such as growing demand for products from various end-use industries such as oil & gas, pharmaceuticals, food & beverages and energy & power. Furthermore, an increase in R&D activities pertaining to smart manufacturing solutions is further anticipated to fuel industry expansion.
Europe was estimated as the largest regional market for connected industrial sensors with a revenue share of 26.1% in 2017 owing to increasing investments by companies operating within the manufacturing sector of Europe countries including Germany, France and UK along with other European countries involved in automotive production hubs across Eastern Europe region which provides a potential growth platform for this industry over the forecast period.
Regional Analysis:
Asia Pacific region is anticipated to witness significant growth over the forecast period owing to the increasing adoption of IoT solutions in various industrial applications. The growing manufacturing sector and rapid technological advancements are also expected to drive regional market growth. Moreover, rising investments by governments in order to improve operational efficiency and optimize expenditure are expected drive industry expansion.
The North America region accounted for a revenue share of over 25% in 2017, owing to the early adoption of connected devices across numerous industries. Further, high disposable income levels coupled with an inclination toward technologically advanced products among consumers have contributed significantly toward industry development.
Europe has been at the forefront when it comes time for adopting new technologies such as Industrial Internet of Things (IIoT).
Growth Factors:
- Increasing demand for industrial automation and connected devices in various industries
- Proliferation of IIoT and Industry 4.0 across different industry verticals
- Growing need for predictive maintenance and real-time data analytics
- Rising concerns over safety and security of industrial systems
- Increasing number of partnerships between Original Equipment Manufacturers (OEMs) and technology providers
Scope Of The Report
Report Attributes
Report Details
Report Title
Connected Industrial Sensor Solution Market Research Report
By Type
Bluetooth Connectivity, USB Connectivity
By Application
Energy & Power, Oil & Gas, Chemical, Pharmaceutical, Manufacturing, Others
By Companies
Amphenol Corporation, Robert Bosch GmbH, ams AG, Analog Devices Inc., FIGARO Engineering Inc., First Sensor AG, Honeywell International Inc., Integrated Device Technology Inc., NXP Semi-Conductors N.V., OMEGA Engineering Inc., Panasonic Corporation, Rockwell Automation Inc., Siemens AG, STMicroelectronics N.V., TE Connectivity, Teledyne Technologies Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
140
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Connected Industrial Sensor Solution Market Report Segments:
The global Connected Industrial Sensor Solution market is segmented on the basis of:
Types
Bluetooth Connectivity, USB Connectivity
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Energy & Power, Oil & Gas, Chemical, Pharmaceutical, Manufacturing, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Amphenol Corporation
- Robert Bosch GmbH
- ams AG
- Analog Devices Inc.
- FIGARO Engineering Inc.
- First Sensor AG
- Honeywell International Inc.
- Integrated Device Technology Inc.
- NXP Semi-Conductors N.V.
- OMEGA Engineering Inc.
- Panasonic Corporation
- Rockwell Automation Inc.
- Siemens AG
- STMicroelectronics N.V.
- TE Connectivity
- Teledyne Technologies Inc.
Highlights of The Connected Industrial Sensor Solution Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Bluetooth Connectivity
- USB Connectivity
- By Application:
- Energy & Power
- Oil & Gas
- Chemical
- Pharmaceutical
- Manufacturing
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Connected Industrial Sensor Solution Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Connected Industrial Sensor Solution is a platform that enables industrial companies to collect and analyze data from sensors in real-time. This allows businesses to make informed decisions about their operations and optimize processes accordingly.
Some of the major companies in the connected industrial sensor solution market are Amphenol Corporation, Robert Bosch GmbH, ams AG, Analog Devices Inc., FIGARO Engineering Inc., First Sensor AG, Honeywell International Inc., Integrated Device Technology Inc., NXP Semi-Conductors N.V., OMEGA Engineering Inc., Panasonic Corporation, Rockwell Automation Inc., Siemens AG, STMicroelectronics N.V., TE Connectivity, Teledyne Technologies Inc..
The connected industrial sensor solution market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Connected Industrial Sensor Solution Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Connected Industrial Sensor Solution Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Connected Industrial Sensor Solution Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Connected Industrial Sensor Solution Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Connected Industrial Sensor Solution Market Size & Forecast, 2018-2028
4.5.1 Connected Industrial Sensor Solution Market Size and Y-o-Y Growth
4.5.2 Connected Industrial Sensor Solution Market Absolute $ Opportunity
Chapter 5 Global Connected Industrial Sensor Solution Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Connected Industrial Sensor Solution Market Size Forecast by Type
5.2.1 Bluetooth Connectivity
5.2.2 USB Connectivity
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Connected Industrial Sensor Solution Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Connected Industrial Sensor Solution Market Size Forecast by Applications
6.2.1 Energy & Power
6.2.2 Oil & Gas
6.2.3 Chemical
6.2.4 Pharmaceutical
6.2.5 Manufacturing
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Connected Industrial Sensor Solution Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Connected Industrial Sensor Solution Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Connected Industrial Sensor Solution Analysis and Forecast
9.1 Introduction
9.2 North America Connected Industrial Sensor Solution Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Connected Industrial Sensor Solution Market Size Forecast by Type
9.6.1 Bluetooth Connectivity
9.6.2 USB Connectivity
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Connected Industrial Sensor Solution Market Size Forecast by Applications
9.10.1 Energy & Power
9.10.2 Oil & Gas
9.10.3 Chemical
9.10.4 Pharmaceutical
9.10.5 Manufacturing
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Connected Industrial Sensor Solution Analysis and Forecast
10.1 Introduction
10.2 Europe Connected Industrial Sensor Solution Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Connected Industrial Sensor Solution Market Size Forecast by Type
10.6.1 Bluetooth Connectivity
10.6.2 USB Connectivity
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Connected Industrial Sensor Solution Market Size Forecast by Applications
10.10.1 Energy & Power
10.10.2 Oil & Gas
10.10.3 Chemical
10.10.4 Pharmaceutical
10.10.5 Manufacturing
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Connected Industrial Sensor Solution Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Connected Industrial Sensor Solution Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Connected Industrial Sensor Solution Market Size Forecast by Type
11.6.1 Bluetooth Connectivity
11.6.2 USB Connectivity
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Connected Industrial Sensor Solution Market Size Forecast by Applications
11.10.1 Energy & Power
11.10.2 Oil & Gas
11.10.3 Chemical
11.10.4 Pharmaceutical
11.10.5 Manufacturing
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Connected Industrial Sensor Solution Analysis and Forecast
12.1 Introduction
12.2 Latin America Connected Industrial Sensor Solution Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Connected Industrial Sensor Solution Market Size Forecast by Type
12.6.1 Bluetooth Connectivity
12.6.2 USB Connectivity
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Connected Industrial Sensor Solution Market Size Forecast by Applications
12.10.1 Energy & Power
12.10.2 Oil & Gas
12.10.3 Chemical
12.10.4 Pharmaceutical
12.10.5 Manufacturing
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Connected Industrial Sensor Solution Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Connected Industrial Sensor Solution Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Connected Industrial Sensor Solution Market Size Forecast by Type
13.6.1 Bluetooth Connectivity
13.6.2 USB Connectivity
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Connected Industrial Sensor Solution Market Size Forecast by Applications
13.10.1 Energy & Power
13.10.2 Oil & Gas
13.10.3 Chemical
13.10.4 Pharmaceutical
13.10.5 Manufacturing
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Connected Industrial Sensor Solution Market: Competitive Dashboard
14.2 Global Connected Industrial Sensor Solution Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Amphenol Corporation
14.3.2 Robert Bosch GmbH
14.3.3 ams AG
14.3.4 Analog Devices Inc.
14.3.5 FIGARO Engineering Inc.
14.3.6 First Sensor AG
14.3.7 Honeywell International Inc.
14.3.8 Integrated Device Technology Inc.
14.3.9 NXP Semi-Conductors N.V.
14.3.10 OMEGA Engineering Inc.
14.3.11 Panasonic Corporation
14.3.12 Rockwell Automation Inc.
14.3.13 Siemens AG
14.3.14 STMicroelectronics N.V.
14.3.15 TE Connectivity
14.3.16 Teledyne Technologies Inc.
