Market Overview:
The global industrial smart sensors market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for industrial smart sensors from discrete industries and process industries. Additionally, the growing demand for industrial smart sensors in Asia Pacific and Middle East & Africa is also contributing to the growth of this market. On the basis of type, flow sensors are expected to lead the global industrial smart sensors market during the forecast period from 2018 to 2030. This can be attributed to their ability detect fluid flow rates and volumes in various applications such as water treatment, oil & gas production, and chemical processing plants among others.
Product Definition:
Industrial smart sensors are devices that can connect to the internet and transmit data. They are used to collect information about machines or processes, and then send that information to a computer or other device for analysis. Industrial smart sensors can help businesses save money by detecting problems early, before they become expensive repairs. They can also help companies improve their products and processes by providing real-time data about how they are performing.
Flow Sensors:
Flow sensors are used to measure the liquid or gas flow rate. They are also known as volumetric flow sensors, and can be used in conjunction with pressure sensors for multi-level monitoring of liquids and gases. Flow sensor technology is evolving at a rapid pace since it provides highly accurate measurement of liquid/gas volume, which has triggered its usage in smart industrial sensors.
Position Sensors:
Industrial smart sensors are used to measure physical parameters, environmental conditions and other attributes of the process. They are also used for controlling various industrial processes such as lubrication systems, material handling equipment and robotics. The position sensors market is expected to witness significant growth over the forecast period owing to its increasing use in industrial applications.
Application Insights:
The discrete industries segment accounted for the largest revenue share in 2017 and is anticipated to continue its dominance over the forecast period. The growth can be attributed to increasing demand for smart sensors from various industries such as automotive, aerospace & defense, healthcare, consumer electronics, etc. Process industries are also expected to witness significant growth over the forecast period owing to rising industrialization in developing countries of Asia Pacific and Middle East & Africa.
The process industry includes manufacturing sectors such as oil & gas; power; chemicals; food processing; mining; steel production; cement production among others which require highly automated processes with high precision equipment. These sectors have witnessed tremendous adoption of automation technologies resulting in increased use of smart sensors due to their ability to reduce human errors and improve overall plant efficiency leading to higher product demand across these applications regions.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of rapid industrialization, which has led to an increase in investments in various industries such as automotive, manufacturing, pharmaceuticals and food processing. This trend is projected to continue over the next eight years thereby driving product demand across several application areas.
The European market for industrial smart sensors was valued at USD X million in 2017 owing to high R&D expenditure by government organizations coupled with technological innovations by industry players for developing efficient sensors that can be integrated easily into different applications systems with low power consumption requirements thus enabling them to provide real-time data output capabilities.
North America accounted for a significant share of revenue generation owing to early adoption of technology across discrete industries such as healthcare & life sciences, consumer electronics devices including smartphones.
Growth Factors:
- Increasing demand from the automotive industry for smart sensors to improve fuel efficiency and safety.
- Rapid growth in the semiconductor and electronics industries, which is driving innovation in sensor technology.
- Proliferation of Internet of Things (IoT) applications that require reliable, low-cost sensors for data collection and analysis.
- Growing demand for industrial automation to improve process efficiency and reduce manufacturing costs.
- Emergence of new applications such as condition monitoring, predictive maintenance, and asset tracking that are driving adoption of industrial smart sensors
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Smart Sensors Market Research Report
By Type
Flow Sensors, Position Sensors, Touch Sensors, Pressure Sensors, Temperature Sensors, Image Sensors
By Application
Discrete Industries, Process Industries
By Companies
ABB, Analog Devices, Delphi Automotive, Eaton Corporation, Honeywell, Infineon Technologies, NXP Semiconductors, Omron, Raytek, Robert Bosch, ABB, Sensata Technologies, SICK, Siemens, Smart Sensors, Vishay Intertechnology, Yokogawa Electric
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
188
Number of Tables & Figures
132
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Smart Sensors Market Report Segments:
The global Industrial Smart Sensors market is segmented on the basis of:
Types
Flow Sensors, Position Sensors, Touch Sensors, Pressure Sensors, Temperature Sensors, Image Sensors
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
Discrete Industries, Process Industries
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:
- ABB
- Analog Devices
- Delphi Automotive
- Eaton Corporation
- Honeywell
- Infineon Technologies
- NXP Semiconductors
- Omron
- Raytek
- Robert Bosch
- ABB
- Sensata Technologies
- SICK
- Siemens
- Smart Sensors
- Vishay Intertechnology
- Yokogawa Electric
Highlights of The Industrial Smart Sensors 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:
- Flow Sensors
- Position Sensors
- Touch Sensors
- Pressure Sensors
- Temperature Sensors
- Image Sensors
- By Application:
- Discrete Industries
- Process Industries
- 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 Industrial Smart Sensors 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Industrial Smart Sensors are a type of sensor that can be used in industrial applications. They are designed to be rugged and reliable, and can be used to monitor various aspects of an industrial process.
Some of the major companies in the industrial smart sensors market are ABB, Analog Devices, Delphi Automotive, Eaton Corporation, Honeywell, Infineon Technologies, NXP Semiconductors, Omron, Raytek, Robert Bosch, ABB, Sensata Technologies, SICK, Siemens, Smart Sensors, Vishay Intertechnology, Yokogawa Electric.
The industrial smart sensors market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Smart Sensors 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 Industrial Smart Sensors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Smart Sensors 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 Industrial Smart Sensors 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 Industrial Smart Sensors Market Size & Forecast, 2018-2028
4.5.1 Industrial Smart Sensors Market Size and Y-o-Y Growth
4.5.2 Industrial Smart Sensors Market Absolute $ Opportunity
Chapter 5 Global Industrial Smart Sensors 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 Industrial Smart Sensors Market Size Forecast by Type
5.2.1 Flow Sensors
5.2.2 Position Sensors
5.2.3 Touch Sensors
5.2.4 Pressure Sensors
5.2.5 Temperature Sensors
5.2.6 Image Sensors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial Smart Sensors 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 Industrial Smart Sensors Market Size Forecast by Applications
6.2.1 Discrete Industries
6.2.2 Process Industries
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Smart Sensors 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 Industrial Smart Sensors 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 Industrial Smart Sensors Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Smart Sensors 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 Industrial Smart Sensors Market Size Forecast by Type
9.6.1 Flow Sensors
9.6.2 Position Sensors
9.6.3 Touch Sensors
9.6.4 Pressure Sensors
9.6.5 Temperature Sensors
9.6.6 Image Sensors
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 Industrial Smart Sensors Market Size Forecast by Applications
9.10.1 Discrete Industries
9.10.2 Process Industries
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 Industrial Smart Sensors Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Smart Sensors 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 Industrial Smart Sensors Market Size Forecast by Type
10.6.1 Flow Sensors
10.6.2 Position Sensors
10.6.3 Touch Sensors
10.6.4 Pressure Sensors
10.6.5 Temperature Sensors
10.6.6 Image Sensors
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 Industrial Smart Sensors Market Size Forecast by Applications
10.10.1 Discrete Industries
10.10.2 Process Industries
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 Industrial Smart Sensors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Smart Sensors 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 Industrial Smart Sensors Market Size Forecast by Type
11.6.1 Flow Sensors
11.6.2 Position Sensors
11.6.3 Touch Sensors
11.6.4 Pressure Sensors
11.6.5 Temperature Sensors
11.6.6 Image Sensors
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 Industrial Smart Sensors Market Size Forecast by Applications
11.10.1 Discrete Industries
11.10.2 Process Industries
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 Industrial Smart Sensors Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Smart Sensors 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 Industrial Smart Sensors Market Size Forecast by Type
12.6.1 Flow Sensors
12.6.2 Position Sensors
12.6.3 Touch Sensors
12.6.4 Pressure Sensors
12.6.5 Temperature Sensors
12.6.6 Image Sensors
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 Industrial Smart Sensors Market Size Forecast by Applications
12.10.1 Discrete Industries
12.10.2 Process Industries
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) Industrial Smart Sensors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Smart Sensors 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) Industrial Smart Sensors Market Size Forecast by Type
13.6.1 Flow Sensors
13.6.2 Position Sensors
13.6.3 Touch Sensors
13.6.4 Pressure Sensors
13.6.5 Temperature Sensors
13.6.6 Image Sensors
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) Industrial Smart Sensors Market Size Forecast by Applications
13.10.1 Discrete Industries
13.10.2 Process Industries
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 Industrial Smart Sensors Market: Competitive Dashboard
14.2 Global Industrial Smart Sensors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Analog Devices
14.3.3 Delphi Automotive
14.3.4 Eaton Corporation
14.3.5 Honeywell
14.3.6 Infineon Technologies
14.3.7 NXP Semiconductors
14.3.8 Omron
14.3.9 Raytek
14.3.10 Robert Bosch
14.3.11 ABB
14.3.12 Sensata Technologies
14.3.13 SICK
14.3.14 Siemens
14.3.15 Smart Sensors
14.3.16 Vishay Intertechnology
14.3.17 Yokogawa Electric
