Meticulous ResearchÂ®â€”a leading global market research company, published a research report titled, â€˜Industrial Automation Sensors Market by Sensor Type (Level Sensors, Flow Sensors), Type (Contact Sensors, Non-contact Sensors), Mode of Automation, End User, and Geographyâ€”Global Forecasts to 2029.â€™
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 adoption of predictive maintenance and the increasing demand for smart sensors from automobile manufacturers to enable safety are expected to offer significant opportunities for the growth of this market.
However, the high installation cost of sensor networks is expected to hinder the growth of this market to a notable extent. Additionally, the precise performance requirements from upcoming advanced sensors pose a major challenge to the growth of this market.
The industrial automation sensors market is segmented based on sensor type, type, mode of automation, end user, and geography. The study also evaluates industry competitors and analyses the market at the country level.
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Scope of the Report :
Industrial Automation Sensors Market, by Sensor Type
â€¢ Level Sensors
â€¢ Temperature Sensors
â€¢ Flow Sensors
â€¢ Gas Sensors
â€¢ Position Sensors
â€¢ Pressure Sensors
â€¢ Force Sensors
â€¢ Humidity & Moisture Sensors
â€¢ Image Sensors
â€¢ Other Sensors
Industrial Automation Sensors Market, by Type
â€¢ Contact Sensors
â€¢ Non-contact Sensors
Industrial Automation Sensors Market, by Mode of Automation
â€¢ Semi-automatic Systems
â€¢ Fully-automatic Systems
Industrial Automation Sensors Market, by End User
â€¢ Oil & Gas
â€¢ Food & Beverage
â€¢ Semiconductors & Electronics
â€¢ Chemicals & Materials
â€¢ Consumer Goods
â€¢ Mining & Metals
â€¢ Pharmaceuticals & Biotech
â€¢ Machines & Tools
â€¢ Paper & Pulp
â€¢ Aerospace & Defense
â€¢ Other End Users
Industrial Automation Sensors Market, by Geography
o South Korea
o Rest of Asia-Pacific (RoAPAC)
o Rest Of Europe (RoE)
â€¢ North America
â€¢ Latin America
o Rest of Latin America (RoLATAM)
â€¢ Middle East & Africa
o South Africa
o Saudi Arabia
o Rest of the Middle East & Africa (RoMEA)
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Based on sensor type, the industrial automation sensors market is segmented into level sensors, temperature sensors, flow sensors, gas sensors, position sensors, pressure sensors, force sensors, humidity and moisture sensors, and image sensors. In 2022, the level sensors segment is expected to account for the largest share of the industrial automation sensors market. A level sensor is used to detect and measure the level of liquids, bulk solids, and other fluids. The level measurement is either continuous or in the form of point values. The large market share of this segment is attributed to various factors, such as the need for accuracy, appearance, and response rate, ease of calibration of instruments, size of the instrument, and monitoring and controlling of continuous or point level.
However, the gas sensor segment is expected to grow at the highest CAGR during the forecast period. The growth of this segment is attributed to the ability to detect gas leakages in applications across manufacturing industries. Gas sensors monitor gas concentration and environmental information to guarantee production safety across sensitive areas of production facilities.
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 larger share of the industrial automation sensors market. The large share of this segment is attributed to the benefits provided by contact sensors, such as the monitoring of 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 type sensors include temperature, pressure, force, and flow sensors.
However, the non-contact sensors segment is expected to grow at a higher 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.
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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 larger share of the industrial automation sensors market. Semi-automatic systems are widely adopted since they are beneficial for companies that emphasize improving their manufacturing process but cannot eliminate operator assistance. The components used 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 operatorâ€™s input for additional manual inspection.
However, the fully-automatic system segment is expected to grow at a higher 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 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. Drilling accounts for one of the major areas with automation due to its expensive process and high safety risks. Furthermore, companies are increasingly deploying automated pipeline monitoring systems due to the increasing number of pipeline thefts.