Lucintel's latest market report analyzed that industrial sensor provides attractive opportunities in the oil & gas, pharmaceuticals, chemicals, manufacturing, mining, and energy & power industries. The industrial sensor market is expected to reach $46.0 billion by 2028 with a CAGR of 9.3%. In this market, image sensor is the largest segment by sensor type, whereas manufacturing is largest by end use industry.
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Based on sensor type, the industrial sensor market is segmented into pressure sensors, position sensors, level sensors, gas sensors, temperature sensors, image sensors, humidity & moisture sensors, flow sensors, and force sensors. The image sensor segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the growing use of this sensor for biometric techniques and in machine vision application.
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The Industrial Sensor Market is marked by the presence of several big and small players. Some of the prominent players offering industrial sensor include Rockwell Automation, Omron, Honeywell, Texas Instruments, and STMicroelectronics.
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