The Industrial Sensors Market Report Share is estimated to be USD 20.6 billion in 2021 and expected to reach USD 31.9 billion by 2026, at a CAGR of 9.1% from 2021 to 2026.
Market Drivers:
One of the advanced technologies is Micro-Electro-Mechanical Systems (MEMS) in industrial sensor applications. MEMS is a technology that in its most general form can be defined as miniaturized mechanical and electro-mechanical elements (i.e., devices and structures) that are made using the techniques of microfabrication. The critical physical dimensions of MEMS devices can vary from well below one micron on the lower end of the dimensional spectrum, all the way to several millimeters.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=108042398
Industrial sensor market for image sensors is expected to grow at the highest CAGR duringforecasted period
The growth of the industrial image sensors market is primarily driven by the machine vision application. Additionally, image sensors are estimated to form an essential part of emerging markets such as IoT, smart home, smart city, smart automation, smart car, and smart medical equipment. Moreover, the use of image sensors in some of the major biometric techniques, such as iris scanning and fingerprint recognition, is growing. A few industries where image sensors are used are manufacturing, pharmaceuticals, chemicals, oil & gas, and energy & power.
Key Players in the Industrial Sensors Market comprise companies operating at different stages of the value chain. These include Rockwell Automation (US), Honeywell International (US), Texas Instruments (US), Panasonic Corporation (Japan), STMicroelectronics (Switzerland), TE Connectivity (Switzerland), Siemens, incorporated (Germany), Amphenol Corporation (US), Dwyer Instruments (US), and Bosch Sensortec (Germany). Many of these companies focus on adopting both organic and inorganic growth strategies, such as product launches and developments, expansions, acquisitions, and collaborations, to strengthen their position in the market.
Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/industrial-sensor-market-108042398.html
Top 2 Players in the Industrial Sensors Market:
Rockwell Automation (US): Rockwell Automation, as the Allen-Bradley Company, and is headquartered in Wisconsin, US. The company operates through 2 business divisions: Control Products & Solutions and Architecture & Software. It is an industrial service provider with a strong portfolio, including consulting, integration, maintenance, and mechanical support for the process and discrete industries. The company marks presence in more than 80 countries, serving customers from the industrial and commercial sectors across the globe. Rockwell delivers a wide range of solutions and services for the food & beverage, life sciences, oil & gas, mining, cement, metals, pulp & paper, and water & wastewater industries. The company offers start-to-end industrial services to its end users.
Honeywell (US): Honeywell operates through the following business segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Honeywell is one of the leading companies providing industrial sensors. The company has a wide portfolio of industrial sensors, including load sensor, torque sensor, pressure sensor, displacement sensor, and accelerometer portfolio, which caters to the diverse demand from customers. The company has a strong R&D capability, with ~150 research and engineering facilities located in the US, India, Europe, and China.
News Covered:
https://www.prnewswire.com/news-releases/industrial-sensors-market-worth-31-9-billion-by-2026--exclusive-report-by-marketsandmarkets-301454393.html
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com
