What is the Global market size of the Industrial Automation Sensors Market?

Global Industrial Automation Sensors Market size was valued at USD 20.6 billion in 2021 and is poised to grow from USD 22.5 billion in 2022 to USD 49.7 billion by 2030, growing at a CAGR of 9.1% in the forecast period (2023-2030).

Industrial Automation Sensors Market Worldwide

Industrial Automation Sensors Market Regional Insights

North America dominated the global market growth in 2022. Given that it is home to several industrial sensor manufacturers, including Honeywell International Inc., Amphenol Corporation, Texas Instruments, Rockwell Automation, and Dwyer Instruments. The US government is implementing a number of initiatives to advance Industry 4.0 across the nation. The National Network for Manufacturing Innovation is one such initiative (NNMI). The nation is creating the NNMI as part of this programme, which will be made up of regional centres that will hasten the adoption of cutting-edge manufacturing technology for the production of novel products that are competitive on a worldwide scale.

Asia-Pacific is expected to record the highest CAGR during the forecast period. Rapid industrialization and technological advancements, expanding electronics and automotive industries, rapid technological advancements, the emergence of industry 4.0, and an increase in foreign investments are the main factors driving the high market growth in the Asia-Pacific.

Other factors include the booming industrial sector, presence of SMEs in nations like India, China, and Japan, growing demand for sensors in the pharmaceutical, manufacturing, and automotive industries, and the rapid industrialization and technological advancements.

The market growth in Asia-Pacific is also fueled by an increase in manufacturing facilities, presence of numerous semiconductor manufacturing facilities, supportive government initiatives, automation of traditional manufacturing and industrial activities using cutting-edge smart technologies, and expansion in the electronics and auto industries.

FAQs

Industrial Automation Sensors Market size was valued at USD 23.31 Billion in 2023 and is poised to grow from USD 25.5 Billion in 2024 to USD 52.31 Billion by 2032, growing at a CAGR of 9.4% during the forecast period (2025-2032).

Global Industrial Automation Sensors Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Siemens AG (Germany) ', 'ABB Ltd (Switzerland) ', 'Emerson Electric Co. (USA) ', 'Rockwell Automation, Inc. (USA) ', 'Schneider Electric SE (France) ', 'Honeywell International Inc. (USA) ', 'Mitsubishi Electric Corporation (Japan) ', 'Yokogawa Electric Corporation (Japan) ', 'Omron Corporation (Japan) ', 'Texas Instruments Incorporated (USA) ', 'TE Connectivity Ltd. (Switzerland) ', 'Sick AG (Germany) ', 'Pepperl+Fuchs SE (Germany) ', 'Keyence Corporation (Japan) ', 'Balluff GmbH (Germany) ', 'IFM Electronic GmbH (Germany) ', 'Banner Engineering Corp. (USA) ', 'Turck Holding GmbH (Germany) ', 'Leuze electronic GmbH + Co. KG (Germany) ', 'Contrinex SA (Switzerland) '

Industrial applications for sensors primarily rely on wireless communication. The manufacturing facilities’ battery-powered wireless sensors and nodes can readily scale to hundreds of sensing points per site. They do away with the requirement for specialised or qualified individuals to supervise or manage processes. Companies are heavily investing in the newest sensor and networking technology as they search for methods to improve their operations, boost productivity, save costs, and run more profitably. Manufacturers are seeing an increase in demand for wireless connectivity solutions, particularly for applications involving robots and factory automation.

Advent of Industry 4.0: In order to boost output, effectiveness, and profitability, control and automation systems are now often used on factory floors thanks to Industry 4.0. The advent of Industry 4.0 has compelled businesses to make investments in digital technology including industrial execution systems (MES), networked devices, and sensors. As a result, sensors now have more power and can process intricate computations on collected data inside of a sensor module.