Industrial Sensors Market Analysis

Type (Contact, Non-Contact)

Non-contact segment is poised to hold more than 80% industrial sensors market share by 2037. This can be impelled by the intensive use of non-contact sensors in different procedures like perceiving or quantifying variables including position, velocity, pressure, temperature, humidity, and distance.

According to research from the National Library of Medicine, Doppler-based radio-frequency (RF) non-contact vital signs (NCVS) monitoring systems are particularly appealing for long-term vital sign monitoring because they don't involve wearable technology, wires, electrodes, or contact-based sensors, which may mean that subjects are unaware of the widespread monitoring.

Sensor Type (Level Sensors, Temperature Sensors, Flow Sensors, Gas Sensors, Position Sensors, Pressure Sensors, Force Sensors, Humidity & Moisture Sensors, Image Sensors)

By 2037, level sensor segment is expected to dominate over 28% industrial sensors market share owing to the wide adoption of automated equipment and techniques in industrial manufacturing globally.

For instance, in the year 2023, there were over 15 billion Internet of Things (IoTs) that are being used across the world, increasing by over 1 Billion from the year 2022. During the industrial revolution, the growth of the steam engine and water-powered mills converted production and made it feasible to generate items on a far bigger scale.

Application (Energy & Power, Oil & Gas, Mining, Chemical, Manufacturing, Pharmaceuticals)

In industrial sensors market, manufacturing segment is predicted to dominate around 39% revenue share by the end of 2037 due to the increasing expansion of manufacturing industries globally. Moreover, manufacturing is still expanding worldwide. The manufacturing sector currently comprises about 14% of employment and about 16% of the global GDP.

Our in-depth analysis of the global market includes the following segments: