Industrial Automation Sensors Market Worth $22.59 Billion by 2029

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 Forecast to 2029

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 Forecast 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 use of smart sensors for predictive maintenance and increasing utilization of smart sensors in the automotive industry are the factors expected to offer significant opportunities for the growth of this market. However, the high cost of installing sensor networks is expected to hinder the growth of this market to a notable extent. Additionally, developing advanced sensors per precise performance requirements is a major challenge to the growth of this market.

The industrial automation sensors market is segmented by type, sensor type, mode of automation, end user, and geography. The study also evaluates industry competitors and analyses the market at the country level.

Based on sensor type, the industrial automation sensors market is segmented into level, temperature, flow, gas, position, pressure, force, humidity & moisture sensors, image sensors, and other sensors. In 2022, the image sensors segment is expected to account for the largest share of the industrial automation sensors market. An image sensor is an electronic device that converts an optical image into an electronic signal. It is used in digital cameras and imaging devices to convert the light received on the camera or an imaging device lens into a digital image. The large market share of this segment is attributed to factors such as the increasing demand for sensors for digital cameras and imaging devices; the increasing need for advanced functionalities such as higher sensitivity and lower dark noise; and the growing popularity of image sensors across medical imaging equipment and night vision equipment. This segment is also projected to register the highest CAGR during the forecast period.

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 largest share of the industrial automation sensors market. The large market share of this segment is attributed to the benefits provided by contact sensors, such as monitoring 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 types of sensors are temperature, pressure, force, and flow sensors.

However, the non-contact sensors segment is expected to grow at the highest 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.

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 largest share of the industrial automation sensors market. Semi-automatic systems are widely adopted since they benefit companies that emphasize improving their manufacturing process but cannot eliminate operator assistance. The components 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 the highest 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 market 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. Due to its expensive process and high safety risks, drilling is one of the major areas with automation. 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. Additionally, the IoT-based industrial automation sensors allow manufacturers to monitor plant sites remotely, improve the safety of industrial assets and workers, and optimize operational efficiency. Integrating 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; the 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 automobile industries; 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. Moreover, the region is also expected to grow at the highest CAGR during the forecast period.

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 N.V. (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.K.), Bosch Sensortec GmbH (Germany), ABB Ltd (Switzerland), Analog Devices, Inc. (U.S.), and Sensirion AG (Switzerland).

Download Sample PDF Copy Here : https://www.meticulousresearch.com/download-sample-report/cp_id=5281

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?