The report "Industrial Sensors Market by Sensor (Level Sensor, Image Sensor, Gas Sensor, Pressure Sensor, Position Sensor, Force Sensor, Flow Sensor, Temperature; and Humidity & Moisture Sensors), Type, Application, and Geography - Global Forecast to 2023" The industrial sensors market is projected to be valued at USD 16.0 billion in 2018 and is expected to reach USD 21.6 billion by 2023, at a CAGR of 6.16% through the forecast period. The growth of this market is driven by growing Industrial 4.0 and IIoT, surging wireless sensors market, and burgeoning request for industrial robots.

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In this report, the industrial sensors market has been segmented by sensor into level, image, gas, pressure, position, force, flow, temperature, and moisture & humidity. Among all sensors, level sensors are expected to hold the largest share of the market throughout the forecast period. Level sensors inhabit an enormous share of the industrial sensors market as they are used in major applications such as manufacturing and process industries, semiconductor manufacturing, automotive manufacturing, and aerospace and defence manufacturing.

APAC expected to hold largest share of industrial sensors market in 2018

APAC is predictable to hold the largest share of the industrial sensors market in 2018. China and Japan are the key countries contributing to the growth of the industrial sensors market in APAC. APAC is the major market for industrial sensors because of the presence of China in this region. China’s manufacturing output is the largest in the world. It is one of the main manufacturers of consumer electronics, automobiles, etc.

North America is projected to account for the second-largest share of the industrial sensors market throughout the forecast period. The US currently accounts for the largest share of the industrial sensors market in North America, followed by Canada and Mexico.

A few key players operating in the industrial sensors market are Rockwell Automation (US), Honeywell (US), Amphenol Corporation (US), Texas Instruments (US), Panasonic (Japan), STMicroelectronics (Switzerland), First Sensor (Germany), and Siemens (Germany).

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