Meticulous Research®—a leading global market research company, published a research report titled, ‘Industrial Automation Sensors Market by Sensor Type (Level Sensors, Flow Sensors), Type (Contact Sensors, Non-contact Sensors), Mode of Automation, End User, and Geography—Global Forecasts to 2029.’
The industrial automation sensors market is expected to reach $22.59 billion by 2029 at a CAGR of 9.6% from 2022 to 2029. The growth of this market is attributed to the rising adoption of industry 4.0 and IIoT in manufacturing, the surging demand for smart sensor-enabled wearable devices, and the growing technological advancements in industrial sensors. Furthermore, the adoption of predictive maintenance and the increasing demand for smart sensors from automobile manufacturers to enable safety are expected to offer significant opportunities for the growth of this market.
However, the high installation cost of sensor networks is expected to hinder the growth of this market to a notable extent. Additionally, the precise performance requirements from upcoming advanced sensors pose a major challenge to the growth of this market.
The industrial automation sensors market is segmented based on sensor type, type, mode of automation, end user, and geography. The study also evaluates industry competitors and analyses the market at the country level.
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Scope of the Report :
Industrial Automation Sensors Market, by Sensor Type
• Level Sensors
• Temperature Sensors
• Flow Sensors
• Gas Sensors
• Position Sensors
• Pressure Sensors
• Force Sensors
• Humidity & Moisture Sensors
• Image Sensors
• Other Sensors
Industrial Automation Sensors Market, by Type
• Contact Sensors
• Non-contact Sensors
Industrial Automation Sensors Market, by Mode of Automation
• Semi-automatic Systems
• Fully-automatic Systems
Industrial Automation Sensors Market, by End User
• Oil & Gas
• Food & Beverage
• Semiconductors & Electronics
• Chemicals & Materials
• Consumer Goods
• Mining & Metals
• Pharmaceuticals & Biotech
• Machines & Tools
• Paper & Pulp
• Aerospace & Defense
• Other End Users
Industrial Automation Sensors Market, by Geography
o South Korea
o Rest of Asia-Pacific (RoAPAC)
o Rest Of Europe (RoE)
• North America
• Latin America
o Rest of Latin America (RoLATAM)
• Middle East & Africa
o South Africa
o Saudi Arabia
o Rest of the Middle East & Africa (RoMEA)
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Based on sensor type, the industrial automation sensors market is segmented into level sensors, temperature sensors, flow sensors, gas sensors, position sensors, pressure sensors, force sensors, humidity and moisture sensors, and image sensors. In 2022, the level sensors segment is expected to account for the largest share of the industrial automation sensors market. A level sensor is used to detect and measure the level of liquids, bulk solids, and other fluids. The level measurement is either continuous or in the form of point values. The large market share of this segment is attributed to various factors, such as the need for accuracy, appearance, and response rate, ease of calibration of instruments, size of the instrument, and monitoring and controlling of continuous or point level.
However, the gas sensor segment is expected to grow at the highest CAGR during the forecast period. The growth of this segment is attributed to the ability to detect gas leakages in applications across manufacturing industries. Gas sensors monitor gas concentration and environmental information to guarantee production safety across sensitive areas of production facilities.
Based on type, the industrial automation sensors market is segmented into contact sensors and non-contact sensors. In 2022, the contact sensors segment is expected to account for the larger share of the industrial automation sensors market. The large share of this segment is attributed to the benefits provided by contact sensors, such as the monitoring of doors, windows, and other access points to promote security in industrial operations. Contact level sensors involve physical contact between the device (comprising contact type industrial sensor) and media. The technologies used in contact type level sensors are magnetoresistive, vibratory probe, hydrostatic, magnetic and mechanical float, pneumatic, rotating paddle, resistive chain, and weight and chain. The most common contact type sensors include temperature, pressure, force, and flow sensors.
However, the non-contact sensors segment is expected to grow at a higher CAGR during the forecast period. The growth of this segment is attributed to the various advantages offered by non-contact sensors over contact devices, such as spontaneity, reliability, longevity, and performance consistency. Multiple operations such as factory automation, process & control, manufacturing, engineering, and automation use non-contact sensors for a wide range of applications, driving the growth of this segment.
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Based on mode of automation, the industrial automation sensors market is segmented into semi-automatic systems and fully-automatic systems. In 2022, the semi-automatic system segment is expected to account for the larger share of the industrial automation sensors market. Semi-automatic systems are widely adopted since they are beneficial for companies that emphasize improving their manufacturing process but cannot eliminate operator assistance. The components used in these systems benefit from automation sensors, but some aspects of the assembly are too difficult to automate fully and reliably. Manufacturing companies adopt semi-automatic machines to make significant process improvements while retaining the adaptability of an operator’s input for additional manual inspection.
However, the fully-automatic system segment is expected to grow at a higher CAGR during the forecast period. The increasing focus on maintaining hygiene and food safety and the need to boost production capabilities, minimize human interventions, and increase the ROI are expected to propel the demand for fully-automatic systems in the industrial automation sensors market.
Based on end user, the industrial automation sensors market is segmented into oil & gas, automotive, food & beverage, semiconductors & electronics, chemicals & materials, consumer goods, mining & metals, power, pharmaceuticals & biotech, machines & tools, paper & pulp, aerospace & defense, and other end users. In 2022, the oil & gas segment is expected to account for the largest share of the industrial automation sensors market. The large share of the segment is attributed to the implementation of automation sensor technologies to improve decision making, troubleshooting, and performance efficiency in oil & gas exploration activities. Some of the major areas highly influenced by automation sensors in the oil & gas sector include drilling operations, diagnostics & inspections, pipeline monitoring systems, weather monitoring systems, and pressure & flow systems. Drilling accounts for one of the major areas with automation due to its expensive process and high safety risks. Furthermore, companies are increasingly deploying automated pipeline monitoring systems due to the increasing number of pipeline thefts.
However, the automotive segment is expected to grow at the highest CAGR during the forecast period. The growth of this segment is attributed to the increasing acceptance of IoT sensors in processing plants and manufacturing. In addition, the IoT-based industrial automation sensors allow manufacturers to enable the remote monitoring of plant sites, improve the safety of industrial assets and workers, and optimize operational efficiency. The integration of these industrial sensors in manufacturing services helps decrease maintenance costs by achieving early fault detection.
Based on geography, in 2022, Asia-Pacific is expected to account for the largest share of the industrial automation sensors market. The growth of this regional market is attributed to the growing industrial sector, increasing presence of SMEs in countries such as India, China, and Japan, the growing need for sensors in the pharmaceutical, manufacturing, and automobiles industries, rapid industrialization, growing electronics industry, growing automobile industry, rapid technological advances, the emergence of industry 4.0, and the increasing number of foreign investments.
Furthermore, the increase in manufacturing units, the presence of several semiconductor manufacturing units, favorable government initiatives, the automation of traditional manufacturing and industrial activities through modern smart technologies, and growth in the electronics and automobile industry drive the growth of this market in Asia-Pacific.
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However, North America is expected to record the highest CAGR during the forecast period. The high market growth in North America is driven by the increasing use of IoT devices & communication networks in the manufacturing and energy industries, the high demand for sensors in different end-use industries such as healthcare, textile, oil and gas, packaging, and automotive industries, the presence of strong automotive and electronic industries, high investments in technology, early adoption of advanced technologies, increasing investments by key players such as Rockwell Automation, Honeywell International Inc., and Omega Engineering to improve the accuracy and performance of industrial automation sensors, and a large number of technologically enhanced manufacturing facilities.
The key players operating in the industrial automation sensors market are Amphenol Corporation (U.S.), Honeywell International Inc. (U.S.), Infineon Technologies AG (Germany), NXP Semiconductors (Netherlands), Renesas Electronics Corporation (Japan), Rockwell Automation, Inc. (U.S.), Siemens AG (Germany), STMicroelectronics International N.V. (Switzerland), TE Connectivity Ltd. (Switzerland), Texas Instruments Incorporated (U.S.), Dwyer Instruments LTD. (U.S.), Bosch Sensortec GmbH (Germany), ABB Ltd (Sweden), Analog Devices, Inc. (U.S.), and Sensirion AG (Switzerland).
Key Questions Answered in the Report:
• Which are the high growth market segments in terms of sensor type, type, mode of automation, end user, and geography?
• What is the historical market size for the industrial automation sensors market?
• What are the market forecasts and estimates for the period 2022–2029?
• What are the major drivers, restraints, opportunities, and challenges in the industrial automation sensors market?
• Who are the major players in the market, and what are their market shares?
• Who are the major players in various countries?
• How is the competitive landscape for the industrial automation sensors market?
• What are the recent developments in the industrial automation sensors market?
• What are the different strategies adopted by the major players in the market?
• Which are the high-growth countries in the industrial automation sensors market?
• Who are the local emerging players in the industrial automation sensors market, and how do they compete with other players?
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