Industry 4.0 and automation rely heavily on industrial sensors. Industrial sensors provide excellent precision, low labour costs, lower energy use, and higher production. Industrial sensors in automation systems provide high precision, higher productivity, lower labor costs, and lower energy consumption. Furthermore, various government efforts, such as South Korea's 'Manufacturing Innovation 3.0' and Japan's 'Industry Value Chain Initiative,' encourage the use of robotics and smart factories.
Frequently Asked Questions
The market is segmented based on Segmentation, By Type (Contact, Noncontact), Sensor Type (Level Sensor, Temperature Sensor, Flow Sensor, Position Sensor, Pressure Sensor, Force Sensor, Humidity and Moisture Sensor, Image Sensor, Gas Sensor), Technology (Micro-Electro-Mechanical Systems (MEMS) Technology, Complementary Metal Oxide Semiconductor (CMOS) Technology), End User (Manufacturing, Oil and Gas, Chemicals, Pharmaceuticals, Energy and Power, Mining)-Industry Trends and Forecast to 2031
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The Global Industrial Sensor Market size was valued at USD 24.75 USD Billion in 2023.
The Global Industrial Sensor Market is projected to grow at a CAGR of 9.6% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
