글로벌 산업용 센서 시장 – 2023-2030

Overview
Global Industrial Sensors Market reached US$ 20.6 Billion in 2022 and is expected to reach US$ 40.3 Billion by 2030, growing with a CAGR of 8.9% during the forecast period 2023-2030.
The availability of cloud-based solutions for industrial sensor data storage and analysis facilitates remote monitoring and access. Cloud platforms provide scalability, accessibility and data security, supporting the growth of sensor-based applications. Improved signal processing techniques enhance the ability of sensors to filter and analyze data accurately. Advanced signal processing contributes to more reliable and actionable insights derived from sensor-generated data.
Advancements in sensor design have led to the development of energy-efficient sensors. Low-power sensor technologies contribute to prolonged sensor life, reduced energy consumption and increased sustainability in industrial applications. The use of advanced materials in sensor construction enhances their durability and performance. Materials such as nanomaterials and advanced polymers contribute to sensors that withstand harsh environmental conditions and provide reliable data.
North America is a dominating region in the global industrial sensors market due to the growing adoption of industrial sensors by major key players. The automotive sector in North America is progressively embracing predictive maintenance approaches to mitigate downtime and lower maintenance expenses. The American Automotive Policy Council estimates that the automotive industry, which includes suppliers, accounts for the majority of the country's manufacturing sector and accounts for 3% of GDP.
Dynamics
The Growing Adoption of Wireless Connectivity in Manufacturing Units
Wireless connectivity allows industrial sensors to transmit data in real-time. The capability is crucial in manufacturing units where timely information on parameters such as temperature, pressure and machine status is essential for efficient operations and decision-making. Wireless industrial sensors provide flexibility in deployment, allowing for easy installation and relocation. Without the need for physical cables, sensors strategically placed throughout the manufacturing facility, adapting to changing production layouts and requirements.
For instance, on August 12, 2020, PCTEL, Inc., a leading global provider of Industrial IoT (IIoT) announced the expansion of its IIoT portfolio with its new wireless communication sensor platform. A sensor and communication board for simple integration, a development kit for application-specific customization and a battery-operated wireless sensor endpoint for effortless installation comprise the integrated wireless communication sensor platform.
The wireless infrastructure supports scalability, enabling the easy addition of new sensors as needed. The scalability is particularly advantageous in dynamic manufacturing environments where production processes expanded or modified over time. Wireless sensor networks eliminate the need for extensive cabling, reducing the associated installation costs. The cost-effectiveness makes wireless industrial sensors an attractive solution for both new installations and retrofitting existing manufacturing units.
Growing Technological Advancement in Industrial Sensors Helps to Boost Market Growth
Advancements in technology have led to the miniaturization of sensors while maintaining or even improving their performance. Smaller sensor sizes enable easier integration into various devices and equipment, expanding their applications across industries. Ongoing research and development efforts have resulted in the improvement of sensing technologies. The includes enhanced accuracy, sensitivity and the ability to measure a broader range of parameters. Improved sensing capabilities make industrial sensors more reliable and versatile.
The integration of wireless connectivity options, such as Bluetooth, Wi-Fi and other communication protocols, enables seamless data transfer between sensors and connected systems. Wireless industrial sensors contribute to more flexible and scalable industrial setups. Technological advancements have facilitated the integration of industrial sensors into the Internet of Things (IoT) and Industry 4.0 frameworks.
The High Cost of Industrial Sensors
Industrial sensor systems involve significant upfront investment, including the cost of purchasing sensors, related hardware and supporting infrastructure. The initial financial outlay a barrier, particularly for small and medium-sized enterprises or businesses with limited capital. Many companies operate within constrained budgets and the high cost of industrial sensors make it challenging for them to allocate resources for the adoption of sensor technologies. The is especially true for industries with tight profit margins or those recovering from economic downturns.
For large-scale industrial operations or extensive sensor deployments, the cumulative cost is substantial. Deploying sensors across an entire manufacturing facility or supply chain requires a considerable financial commitment, affecting the speed and scale of adoption. Integrating industrial sensors into existing systems and processes incurs additional costs. Compatibility issues, customization requirements and the need for professional services during integration contribute to the overall cost, deterring some businesses from pursuing adoption.
Segment Analysis
The global industrial sensors market is segmented based on sensor type, type, technology, end-user and region.
Growing Adoption of Humidity Sensors in Various Industries Helps to Boost Market Growth
Based on the sensor type, the industrial sensors market is segmented into image sensor, pressure sensor, temperature sensor, level sensor, position sensor, humidity sensor, force sensor, electromagnetic sensor and others. The humidity sensors segment is dominating in the global industrial sensors market. In manufacturing industries, maintaining optimal humidity levels is critical for the quality and efficiency of production processes.
Humidity sensors are employed to monitor and control these levels, ensuring that conditions are suitable for production. In electronics manufacturing, humidity control is vital to prevent damage to sensitive components. Humidity sensors are used to maintain controlled environments, especially in cleanroom facilities. The integration of humidity sensors in consumer electronics, such as smartphones and smart home devices, is growing. The sensors contribute to features like climate control, health monitoring and protection of electronic components from moisture.
Major key players in the market launched humidity sensor products in the market that help to boost segment growth over the forecast year. For instance, on January 05, 2023, Sensirion announced the launch of the SHT40I-Analog humidity sensor developed specifically for demanding industrial applications and harsh environments.
Geographical Penetration
North America is a Dominating Region in the Industrial Sensors Market Due to the Availability of Tech-Savvy Consumers
North America accounted for the largest market share in the global industrial sensors market due to the rapid industrialization. North America boasts a strong and varied industrial foundation, spanning industries like manufacturing, automotive, aerospace, energy and healthcare. The region's advanced level of industrialization and the existence of pivotal sectors generate significant requirements for industrial sensors. The sensors are crucial for monitoring and managing diverse processes within these industries.
North America's government laws about passenger safety in the automotive industry are anticipated to be a major driver of market expansion for pressure sensors. To educate drivers about the potential under-inflation of automobiles, US government established the TREAD Act, which requires all car models to have Tire Pressure Monitoring Systems installed within 20 minutes of detection.
Competitive Landscape
The major global players in the market include SAS Institute Inc. oracle Corporation, International Business Machines Corporation, Accenture, Google LLC, SAP SE, Microsoft Corporation, Informatica Inc., Salesforce, Inc. and Adobe Inc.
COVID-19 Impact Analysis
The pandemic disrupted global supply chains, leading to shortages of raw materials, components and finished goods. Industrial sensor manufacturers faced challenges in procuring necessary inputs, impacting production and delivery timelines. Lockdowns, social distancing measures and workforce shortages affected manufacturing activities across industries. Many factories experienced temporary closures or reduced production capacities, leading to a decline in the demand for industrial sensors.
Economic uncertainties and the need for cost-saving measures led to delays in industrial projects and capital expenditures. Companies postponed or scaled back plans to implement new sensor technologies, affecting market growth. Major key players mostly dependent on industrial sensors, including automotive, aerospace and manufacturing, experienced a decline in the demand for their products and services. Consequently, this downturn impacted the need for sensors utilized within these specific industries.
Russia-Ukraine War Impact Analysis
Geopolitical tensions and conflicts disrupt global supply chains, affecting the production and distribution of industrial sensors. Manufacturers face challenges in sourcing materials and components. Uncertainty resulting from geopolitical events leads to hesitation in investment decisions by businesses. Companies delay or reevaluate their plans to adopt or upgrade industrial sensor technologies. Certain industries, such as manufacturing, aerospace and defense, heavily rely on industrial sensors. The geopolitical situation impacts these industries, subsequently affecting the demand for sensors.
Geopolitical events have broader economic repercussions. Economic downturns or uncertainties influence the overall industrial landscape, potentially impacting the demand for industrial sensors. Funding and collaboration for research and development in sensor technologies were affected. Disruptions impact innovation and the introduction of new sensor technologies to the market.
By Sensor Type
• Image Sensor
• Pressure Sensor
• Temperature Sensor
• Level Sensor
• Position Sensor
• Humidity Sensor
• Force Sensor
• Electromagnetic Sensor
• Others
By Type
• Contact
• Non-Contact
By Technology
• Micro-Electro-Mechanical Systems Technology
• Complementary Metal Oxide Semiconductor Technology
• Others
By End-User
• Manufacturing
• Oil and Gas
• Chemicals
• Pharmaceuticals
• Energy and Power
• Mining
• Others
By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Spain
o Rest of Europe
• South America
o Brazil
o Argentina
o Rest of South America
• Asia-Pacific
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific
• Middle East and Africa
Key Developments
• On December 20, 2022, Omega Engineering, a leader in temperature measurement innovation launched the latest version of its HANI clamp-on temperature sensor. It is specially designed for plastic pipe applications. The new version is the only industrial-grade, high-accuracy, non-invasive temperature sensor.
• On July 27, 2023, Disruptive Technologies (DT) launched its new wireless temperature sensor. It offers enhancements in battery life, temperature range and accuracy. It also establishes a new standard for temperature detection with its dynamic heartbeat selection and optional calibration service.
• On January 05, 2023, TDK Corporation announced the TDK i3 Micro Module, the world’s first module with built-in edge AI and wireless mesh connectivity capability. The i3 Micro Module combines the TI SimpleLink platform, which includes the Arm Cortex-M4F multiprotocol 2.4-GHz wireless 32-bit microcontroller (MCU) for real-time monitoring (CC2652R7), thanks to TDK's partnership with Texas Instruments (TI).
Why Purchase the Report?
• To visualize the global industrial sensors market segmentation based on sensor type, type, technology, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of industrial sensors market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.
The global industrial sensors market report would provide approximately 66 tables, 75 figures and 212 Pages.
Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies