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Industrial Sensors Market Share

Report ID: GMI4271
Published Date: Feb 2023
Report Format: PDF

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Industrial Sensors Market Share

NXP Semiconductors N.V.
Infineon Technologies AG
AMS AG
Honeywell International, Inc.
Analog Devices, Inc.
Omron Corporation
STMicroelectronics N.V.
Sensirion AG
Endress+Hauser
TE Connectivity

are some of the key players in the industrial sensors market. These companies primarily focus on product innovations and promising R&D programs to stay ahead in the competitive landscape. For instance, in January 2023, Sensirion AG, a sensor solutions firm, introduced the SHT40I-Analog, a humidity and temperature sensor specifically designed for industrial applications including refrigerator and air-conditioner use cases and harsh environments.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

Industrial sensors industry share exceeded USD 17 billion in 2020 and will expand at a CAGR of 10% between 2021 and 2027.

Pressure sensors market will record a CAGR of around 9% from 2021 to 2027 owing to their surging demand in food & beverage processing units.

Manufacturing application will register a CAGR of 12% between 2021 and 2027 due to the increasing adoption of IoT sensors in manufacturing and processing plants.

The Asia Pacific industrial sensors market value will grow at a rate of 12% from 2021 to 2027 propelled by the surging production of coal in economies comprising India, China, Australia, and Indonesia.