Market Overview:
The global sensor terminal market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for smart sensors for various applications such as environmental monitoring, traffic control, medical health, livestock husbandry, fire safety, and manufacturing among others. Additionally, the growing adoption of IoT and big data is also fueling the growth of this market. The global sensor terminal market is segmented on the basis of type into double layer sensor terminals, three layer sensor terminals and other types. The double layer sensor terminals segment is expected to hold a major share in the global Sensor Terminal Market during forecast period owing to its low cost and easy installation process as compared to other types of sensors. On the basis of application, environmental monitoring held a dominant position in 2017 and it is projected that this trend would continue during forecast period due rising concerns about environment among consumers across globe .Traffic control was second largest application segment in 2017and it would grow with highest CAGR over next few years owing increase in number vehicles on road globally .Medical health was third largest application segmentin 2017and it would grow with moderate rate over next few years due increasing awareness about preventive healthcare measures .
Product Definition:
Sensor terminal is a type of electrical connector typically used to connect sensors to a circuit or data acquisition system. It is also known as a "plug," "socket," or "terminal block." Sensor terminals are available in both screw and solderless varieties, and can be found in many different sizes. They are often used in industrial applications where it is necessary to quickly and easily connect or disconnect sensors.
Double Layer Sensor Terminal:
Double layer sensor terminal is a device used to connect two different types of wires in order to make them into one electrical connection. It has wide applications in the building automation field and finds its use across various sectors such as transportation, industrial manufacturing, etc. The global double layer sensor terminal market size was valued at USD 1.5 billion in 2015 and is expected to grow at a CAGR of XX% from 2016 to 2024.
Three Layer Sensor Terminal:
Three layer sensor terminal is a device that consists of three conductive layers; the topmost layer is usually made of copper and two lower layers are made from different metals. The three-layer sensor terminal has applications in telecommunication, automotive, medical devices and consumer electronics among others. It provides better performance as compared to traditional single-layer terminals owing to its ability to handle high power with enhanced safety characteristics.
Application Insights:
The environmental monitoring segment dominated the global sensor terminal market in terms of revenue share in 2017. The growth can be attributed to the rising demand for energy and resources, coupled with stringent regulations regarding air and water pollution. Furthermore, growing concerns about climatic changes due to increasing greenhouse gas emissions are expected to drive product demand over the forecast period.
The traffic control segment is anticipated to witness significant growth over the forecast period owing to an increase in road construction activities across various regions including North America and Europe. Moreover, a rise in smart city development projects is likely to boost industry expansion over the coming years as these cities aim at becoming technologically advanced through innovative infrastructure developments along with improved living standards for its citizens. This trend will positively influence industry growth during future study periods.
Medical health monitoring systems accounted for a considerable market share on account of high adoption rates among end-users such as hospitals.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The growth can be attributed to the presence of a large number of sensor manufacturers and system integrators, high awareness levels regarding environment protection, stringent regulations for manufacturing processes, and adoption of technologies resulting into sustainable development.
Asia Pacific is expected to witness significant growth over the forecast period owing to increasing demand from end-use industries such as environmental monitoring & control; traffic & transportation; medical health; fire safety; manufacturing industry etc. Rising population coupled with rapid urbanization has resulted into increased demand for energy resources which will further boost regional market growth over the forecast period. Moreover, rising disposable income levels are anticipated to fuel product penetration rates across emerging economies such as China and India thereby driving overall regional market expansion during the same period.
Growth Factors:
- Increasing demand for sensor terminals from the automotive industry on account of the increasing adoption of advanced driver assistance systems (ADAS) and autonomous driving technologies.
- Growing demand for sensor terminals from the medical device industry on account of the increasing use of sensors in medical devices and rising demand for minimally invasive surgeries.
- Rising demand for sensor terminals from the industrial sector on account of growing adoption of Industry 4.0 initiatives across various industries.
- Increasing penetration of Internet-of-Things (IoT) across various end-use industries, which is leading to an increase in demand for sensor terminals that can facilitate data collection and analysis through IoT platforms/networks 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Sensor Terminal Market Research Report
By Type
Double Layer Sensor Terminal, Three Layer Sensor Terminal, Other
By Application
Environmental Monitoring, Traffic Control, Medical Health, Livestock Husbandry, Fire Safety, Manufacturing, Aerospace, Electronic Product, Other
By Companies
WAGO, PHOENIX CONTACT, Autonics, Automation Systems Interconnect, OMEGA, Connectwell, Pepperl+Fuchs, Rockwell Automation, Anton Paar, SENSYS
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
173
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Sensor Terminal Market Report Segments:
The global Sensor Terminal market is segmented on the basis of:
Types
Double Layer Sensor Terminal, Three Layer Sensor Terminal, Other
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
Environmental Monitoring, Traffic Control, Medical Health, Livestock Husbandry, Fire Safety, Manufacturing, Aerospace, Electronic Product, Other
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:
- WAGO
- PHOENIX CONTACT
- Autonics
- Automation Systems Interconnect
- OMEGA
- Connectwell
- Pepperl+Fuchs
- Rockwell Automation
- Anton Paar
- SENSYS
Highlights of The Sensor Terminal 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:
- Double Layer Sensor Terminal
- Three Layer Sensor Terminal
- Other
- By Application:
- Environmental Monitoring
- Traffic Control
- Medical Health
- Livestock Husbandry
- Fire Safety
- Manufacturing
- Aerospace
- Electronic Product
- Other
- 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 Sensor Terminal 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.
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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?
A sensor terminal is a component of a device that senses physical or chemical properties of the environment.
Some of the key players operating in the sensor terminal market are WAGO, PHOENIX CONTACT, Autonics, Automation Systems Interconnect, OMEGA, Connectwell, Pepperl+Fuchs, Rockwell Automation, Anton Paar, SENSYS.
The sensor terminal market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sensor Terminal 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 Sensor Terminal Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sensor Terminal 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 Sensor Terminal 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 Sensor Terminal Market Size & Forecast, 2018-2028
4.5.1 Sensor Terminal Market Size and Y-o-Y Growth
4.5.2 Sensor Terminal Market Absolute $ Opportunity
Chapter 5 Global Sensor Terminal 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 Sensor Terminal Market Size Forecast by Type
5.2.1 Double Layer Sensor Terminal
5.2.2 Three Layer Sensor Terminal
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Sensor Terminal 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 Sensor Terminal Market Size Forecast by Applications
6.2.1 Environmental Monitoring
6.2.2 Traffic Control
6.2.3 Medical Health
6.2.4 Livestock Husbandry
6.2.5 Fire Safety
6.2.6 Manufacturing
6.2.7 Aerospace
6.2.8 Electronic Product
6.2.9 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sensor Terminal 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 Sensor Terminal 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 Sensor Terminal Analysis and Forecast
9.1 Introduction
9.2 North America Sensor Terminal 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 Sensor Terminal Market Size Forecast by Type
9.6.1 Double Layer Sensor Terminal
9.6.2 Three Layer Sensor Terminal
9.6.3 Other
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 Sensor Terminal Market Size Forecast by Applications
9.10.1 Environmental Monitoring
9.10.2 Traffic Control
9.10.3 Medical Health
9.10.4 Livestock Husbandry
9.10.5 Fire Safety
9.10.6 Manufacturing
9.10.7 Aerospace
9.10.8 Electronic Product
9.10.9 Other
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 Sensor Terminal Analysis and Forecast
10.1 Introduction
10.2 Europe Sensor Terminal 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 Sensor Terminal Market Size Forecast by Type
10.6.1 Double Layer Sensor Terminal
10.6.2 Three Layer Sensor Terminal
10.6.3 Other
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 Sensor Terminal Market Size Forecast by Applications
10.10.1 Environmental Monitoring
10.10.2 Traffic Control
10.10.3 Medical Health
10.10.4 Livestock Husbandry
10.10.5 Fire Safety
10.10.6 Manufacturing
10.10.7 Aerospace
10.10.8 Electronic Product
10.10.9 Other
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 Sensor Terminal Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Sensor Terminal 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 Sensor Terminal Market Size Forecast by Type
11.6.1 Double Layer Sensor Terminal
11.6.2 Three Layer Sensor Terminal
11.6.3 Other
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 Sensor Terminal Market Size Forecast by Applications
11.10.1 Environmental Monitoring
11.10.2 Traffic Control
11.10.3 Medical Health
11.10.4 Livestock Husbandry
11.10.5 Fire Safety
11.10.6 Manufacturing
11.10.7 Aerospace
11.10.8 Electronic Product
11.10.9 Other
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 Sensor Terminal Analysis and Forecast
12.1 Introduction
12.2 Latin America Sensor Terminal 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 Sensor Terminal Market Size Forecast by Type
12.6.1 Double Layer Sensor Terminal
12.6.2 Three Layer Sensor Terminal
12.6.3 Other
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 Sensor Terminal Market Size Forecast by Applications
12.10.1 Environmental Monitoring
12.10.2 Traffic Control
12.10.3 Medical Health
12.10.4 Livestock Husbandry
12.10.5 Fire Safety
12.10.6 Manufacturing
12.10.7 Aerospace
12.10.8 Electronic Product
12.10.9 Other
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) Sensor Terminal Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Sensor Terminal 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) Sensor Terminal Market Size Forecast by Type
13.6.1 Double Layer Sensor Terminal
13.6.2 Three Layer Sensor Terminal
13.6.3 Other
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) Sensor Terminal Market Size Forecast by Applications
13.10.1 Environmental Monitoring
13.10.2 Traffic Control
13.10.3 Medical Health
13.10.4 Livestock Husbandry
13.10.5 Fire Safety
13.10.6 Manufacturing
13.10.7 Aerospace
13.10.8 Electronic Product
13.10.9 Other
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 Sensor Terminal Market: Competitive Dashboard
14.2 Global Sensor Terminal Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 WAGO
14.3.2 PHOENIX CONTACT
14.3.3 Autonics
14.3.4 Automation Systems Interconnect
14.3.5 OMEGA
14.3.6 Connectwell
14.3.7 Pepperl+Fuchs
14.3.8 Rockwell Automation
14.3.9 Anton Paar
14.3.10 SENSYS
