Dublin, Dec. 05, 2018 (GLOBE NEWSWIRE) -- The "Industrial Sensors Market by Sensor (Level Sensor, Image Sensor, Gas Sensor, Pressure Sensor, Position Sensor, Force Sensor, Flow Sensor, Temperature; and Humidity & Moisture Sensors), Type, Application, and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
Industrial 4.0 and IIoT are driving the growth of the market
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 growth of this market is propelled by growing Industrial 4.0 and IIoT, surging wireless sensors market, and burgeoning demand for industrial robots. However, high implementation cost is restraining the growth of this market.
Image sensor in industrial sensors market to witness significant growth during forecast period
Image sensors in industries are used for 2 main applications, i.e., machine vision and industrial surveillance. Machine vision is expected to drive the industrial image sensor market. The key reasons that are attributed to the growth of machine vision in industry are increasing need for quality inspection and automation, growing demand for vision-guided robotic systems, growing demand for application-specific machine vision systems, and increasing adoption of 3D machine vision systems.
Increasing wireless sensors market to have a positive impact for noncontact industrial sensors market
Noncontact industrial sensors is a faster growing segment of the industrial sensors market. Increasing penetration of remote sensing and wireless sensing attributes to the growth of noncontact sensors in the industrial sensors market. The wireless sensors market is increasing due to factors such as increasing penetration in industrial automation applications; growing adoption of wearables in industrial facilities; emerging concepts, such as smart factory; and increasing applications in pharmaceuticals and mining industries and petroleum refineries.
Due to upgrades in China's manufacturing industry, industrial sensors market in APAC likely to witness significant growth during forecast period
APAC is the largest market for industrial sensors because of the presence of China in this region. China's manufacturing output is the largest in the world. Therefore, China is among the world's largest manufacturers and industrial producers. It is one of the major manufacturers of consumer electronics, automobiles, etc.
The report profiles key players in the industrial sensors market and analyzes their market rankings. Players profiled in this report are Rockwell Automation (US), Honeywell (US), Amphenol Corporation (US), Texas Instruments (US), Panasonic (Japan), STMicroelectronics (Switzerland), First Sensor (Germany), and Siemens (Germany).
Key Topics Covered:
1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Market Scope
1.4 Currency
1.5 Package Size
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions
3 Executive Summary
4 Premium Insight
4.1 Attractive Opportunities for Industrial Sensors Market Growth
4.2 Industrial Sensors Market, By Type
4.3 Industrial Sensors Market in APAC
4.4 Industrial Sensors Market, By Geography
4.5 Industrial Sensors Market, By Application
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Industrial 4.0 and IIoT
5.2.1.2 Increasing Industrial Wireless Sensor Market
5.2.1.3 Rising Demand for Industrial Robots
5.2.2 Restraints
5.2.2.1 Higher Implementation Cost of Sensor Networks
5.2.3 Opportunities
5.2.3.1 Predictive Maintenance to Offer Opportunities to Industrial Sensors Market in Coming Years
5.2.4 Challenges
5.2.4.1 Reluctance in Adopting Sensor Technology in Old Industries
6 Industrial Sensors Market, By Sensor
6.1 Introduction
6.2 Level Sensor
6.2.1 Major Applications Such as Manufacturing and Process Industries are Driving Level Sensor Market
6.3 Temperature Sensor
6.3.1 Temperature Sensor Witnessing High Demand From Industries Such as Chemical & Petrochemical and Oil & Gas
6.4 Flow Sensor
6.4.1 Increasing Number of Applications and Development of New and Improved Technologies Have Resulted in Increased Adoption of Flow Sensors in Industries
6.5 Position Sensor
6.5.1 Linear Position Sensor
6.5.1.1 Linear Position Sensors are the Most Commonly Used Position Sensors in Industries
6.5.2 Angular Position Sensor
6.5.2.1 Industrial Robots Will Drive the Market for Angular Position Sensors
6.6 Pressure Sensor
6.6.1 Advancements in Mems Technology Into Pressure Sensors is Increasing the Adoption of Pressure Sensors in Industries
6.7 Force Sensor
6.7.1 Increasing Use of Industrial Robots is Driving the Market for Force Sensors in Industries
6.8 Humidity and Moisture Sensor
6.8.1 Trend of Miniaturization is Driving the Market for Humidity and Moisture Sensors
6.9 Image Sensor
6.9.1 Machine Vision is the Primary Driving Factor for Use of Image Sensor in Industries
6.1 Gas Sensor
6.10.1 Increasing Enforcement of Occupational Health and Safety Regulations By Government is Positively Impacting Gas Sensor Market
7 Industrial Sensors Market, By Type
7.1 Introduction
7.2 Contact
7.2.1 Temperature Sensors Hold Largest Share of Contact Type Sensors During Forecast Period
7.3 Noncontact
7.3.1 Image Sensor are Fastest-Growing Noncontact Type Industrial Sensors
8 Industrial Sensors Market, By Application
8.1 Introduction
8.2 Manufacturing
8.2.1 Trend of IIoT is Driving Industrial Sensors Market in Manufacturing Application
8.3 Oil & Gas
8.3.1 Increasing Use of Humidity and Moisture Sensors to Drive Use of Sensors in Oil & Gas Industry
8.4 Chemicals
8.4.1 Stringent Safety Regulations in Chemicals Industry to Drive Industrial Sensors Market
8.5 Pharmaceuticals
8.5.1 Supervision and Management of Various Processes Occurring at Production Floor are Key Applications of Industrial Sensors in Pharmaceutical Industry
8.6 Energy & Power
8.6.1 IoT is Promoting Use of Sensors in Smart Grids for Various Applications on Various Parameters Such as Power Leakages, Tampering, and Third-Party Interferences
8.7 Mining
8.7.1 Safety Concerns in Mining Industry is Increasing the Demand for Sensors
9 Geographic Analysis
9.1 Introduction
9.2 Europe
9.2.1 UK
9.2.1.1 UK is Fastest-Growing Country for Industrial Sensors in the European Region
9.2.2 Germany
9.2.2.1 Automotive Manufacturing is Driving the Market for Industrial Sensors in Germany
9.2.3 France
9.2.3.1 Upcoming Safety Regulations to Drive Industrial Sensors Market in France in Near Future
9.2.4 Rest of Europe
9.3 APAC
9.3.1 China
9.3.1.1 Upcoming Safety Regulations to Drive Industrial Sensors Market in France in Near Future
9.3.2 Japan
9.3.2.1 Increasing Use of Robotics in Industries Will Increase the Demand of Industrial Sensors in Japan
9.3.3 Rest of APAC
9.4 North America
9.4.1 UK
9.4.1.1 Oil & Gas, Manufacturing and Pharmaceuticals are Driving Industrial Sensors Market in the Us
9.4.2 Canada
9.4.2.1 Automotive Manufacturing is Driving the Market for Industrial Sensors in Canada
9.4.3 Mexico
9.4.3.1 Mexico's Automotive Industry is Growing Due to Availability of Cheap Labor and Lenient Restrictions on Manufacturing and Licensing Operations
9.5 RoW
10 Competitive Landscape
10.1 Introduction
10.2 Market Ranking Analysis (Level Sensor Market)
10.3 Competitive Situations and Trends
10.3.1 Product Launches
10.3.2 Mergers and Acquisitions
10.3.3 Product Development
10.3.4 Contracts and Agreements
10.3.5 Partnership
11 Company Profiles
11.1 Introduction
11.2 Key Players
11.2.1 Rockwell Automation
11.2.2 Honeywell
11.2.3 Texas Instruments
11.2.4 Panasonic
11.2.5 Stmicroelectronics
11.2.6 First Sensor
11.2.7 Siemens
11.2.8 Amphenol Corporation
11.2.9 Integrated Device Technology
11.2.10 Bosch Sensortec
11.3 Other Key Players
11.3.1 Te Connectivity
11.3.2 Omega Engineering
11.3.3 Sensirion
11.3.4 AMS AG
11.3.5 Microchip
11.3.6 NXP Semiconductors
11.3.7 Endress+Hauser Management AG
11.3.8 Teledyne Technologies Incorporated
11.3.9 Figaro Engineering Inc.
11.3.10 Safran Colibrys SA
For more information about this report visit https://www.researchandmarkets.com/research/7sw27w/global_industrial?w=12
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.