Industrial sensors are devices that detect changes in certain physical quantities such as temperature, pressure, force, etc. and provide output which is readable by an observer or an instrument. Sensors help monitor complex industrial operations and assist in process automation. The global industrial sensors market is characterized by sensors including electrochemical sensors, fluid sensors, image sensors, photoelectric sensors, pressure sensors, proximity sensors, optical sensors, temperature sensors and ultrasonic sensors among others. Industrial sensors help ensure quality control, improve product traceability and optimize production processes in industries such as oil & gas, manufacturing, metals and mining, chemicals, energy & power and others. The growing need for automation and efficiency in varied manufacturing processes has fuelled the demand for industrial sensors which provide real-time data acquisition for better decision making.
The global industrial sensors market is estimated to be valued at US$ 25.16 Mn in 2024 and is expected to exhibit a CAGR of 7.7% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Industrial Sensors market are ClaroNav, Stryker, Brainlab AG, Parsis, Northern Digital Inc., Heal Force, Medtronic, Synaptive Medical, Bramsys Indústria e Comércio Ltd. ClaroNav specializes in optical sensors for medical robots and Brainlab AG provides sensors for image-guided therapy in the medical industry. The demand for industrial sensors in safety applications, predictive maintenance and robotics is rising globally. Developing economies in Asia Pacific and Middle East provide significant growth opportunities owing to rapid industrialization. Industrial giants like Germany, U.S, China are expanding their R&D capabilities and production facilities for industrial sensors to cater to the rising global demand. Technological advancements in MEMS, AI and IoT are enabling advanced functionality of sensors and driving their adoption across industries.
Key opportunities in the Industrial Sensors Market Demand include the integration of sensors with robotic systems, adoption in autonomous vehicles and focus on developing smart cities infrastructure. There is a rising focus on deploying industrial IoT sensors for remote monitoring of assets and predictive maintenance. The demand for wearable sensors, force sensors and medical robots is estimated to surge in the coming years. The growing electric vehicles market will also contribute to the demand for advanced automotive sensors.
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