Industrial Sensors Market by Sensor, Type, Application, and Geography - Global Forecast to 2023: Industrial 4.0 and IIoT are Driving the Growth of the Market - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 5, 2018--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.
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 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.
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.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insight
5 Market Overview
6 Industrial Sensors Market, By Sensor
7 Industrial Sensors Market, By Type
8 Industrial Sensors Market, By Application
9 Geographic Analysis
10 Competitive Landscape
11 Company ProfilesAmphenol Corporation AMS AG Bosch Sensortec Endress+Hauser Management AG Figaro Engineering Inc First Sensor Honeywell Integrated Device Technology Microchip NXP Semiconductors Omega Engineering Panasonic Rockwell Automation Safran Colibrys SA Sensirion Siemens Stmicroelectronics TE Connectivity Teledyne Technologies Incorporated Texas Instruments
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Related Topics:Industrial Automation,Sensors
INDUSTRY KEYWORD: TECHNOLOGY SEMICONDUCTOR MANUFACTURING OTHER MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/05/2018 11:41 AM/DISC: 12/05/2018 11:41 AM