Global Machine Sensor Market is valued at approximately USD 16.5 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 8.2% over the forecast period 2023-2030. The machine sensor market refers to the industry segment that encompasses the production, distribution, and utilization of sensors specifically designed for machines and automated systems. These sensors are utilized to monitor and detect various physical parameters such as temperature, pressure, motion, proximity, and other relevant factors, providing essential data for controlling and optimizing the performance of machines and processes. The machine sensor market is being driven by factors such as rising investment in industrial automation and proliferation of IoT devices
The automation system can then analyze the sensor data, identify patterns or anomalies, and trigger appropriate actions such as adjusting machine settings or initiating maintenance tasks. By utilizing machine sensors industries and automation manufacturing can boost their output. The Global private investment in industrial automation is rising. For instance, on June 2023, Siemens Announces USD 219.74 Million Industrial Automation Investment in Singapore. Similarly, on March 2023, Schneider Electric investing USD 43.95 million in new smart factory in Hungary. Thus, rising investment in industrial automation is fueling the growth of the market for machine sensors. In addition, the development of smart sensors and the growing focus on sustainability create lucrative opportunities for the market. However, the high cost of machine sensors hinders the growth of the market over the forecasted period 2023-2030.
The key regions considered for the Global Machine Sensor Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the presence of several established machine sensor solution providers in region. These companies have invested heavily in R&D and have developed advanced machine sensor systems that cater to the specific needs of various industries. Asia Pacific is considered the fastest growing region during the forecasted period due to emerging economies and the increasing disposable income which develop the demand for consumer electronics and smart devices which are heavily relay on machine sensors.
Major market player included in this report are:
- Baumer Holding AG
- KYOCERA AVX Components (Werne) GmbH
- TE Connectivity Ltd.
- Tekscan, Inc.
- Sensata Technologies, Inc.
- ATI Industrial Automation Inc.
- OMRON Corporation
- FUTEK Advanced Sensor Technology, Inc.
- Honeywell International Inc.
- Infineon Technologies AG
Recent Developments in the Market:
- In May 2023, OMRON recently unveiled an exciting strategic partnership with LAMBDA Automation. This collaboration aims to leverage OMRON's cutting-edge products and technology to drive the development of innovative industrial automation solutions. By working closely with OMRON as a Strategic Partner, LAMBDA Automation is expected to meet specific demands of End Users in key markets such as Food and Commodities, Pharma, Automotive, and Warehousing and Logistics. This partnership aims to promote rapid innovation and enable OMRON's advanced automation solutions to effectively meet the distinctive challenges and specific requirements of these industries.
Global Machine Sensor Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Type, End User Industry, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
- Temperature Sensor
- Pressure Sensor
- Position Sensor
- Proximity Sensor
- Force and Torque Sensor
- Others
By End User Industry:
- Manufacturing
- Oil and Gas
- Automotive
- Aerospace
- Healthcare
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Machine Sensor Market , by Region, 2020-2030 (USD Billion)
- 1.2.2. Machine Sensor Market , by Type, 2020-2030 (USD Billion)
- 1.2.3. Machine Sensor Market , by End User Industry, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Machine Sensor Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Machine Sensor Market Dynamics
- 3.1. Machine Sensor Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising investment in industrial automation
- 3.1.1.2. Growing proliferation of IoT devices.
- 3.1.2. Market Challenges
- 3.1.2.1. High cost of machine sensors
- 3.1.3. Market Opportunities
- 3.1.3.1. Development of smart sensor technology
- 3.1.3.2. Growing focus on sustainability
Chapter 4. Global Machine Sensor Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Machine Sensor Market, by Type
- 5.1. Market Snapshot
- 5.2. Global Machine Sensor Market by Type, Performance - Potential Analysis
- 5.3. Global Machine Sensor Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
- 5.4. Machine Sensor Market , Sub Segment Analysis
- 5.4.1. Temperature Sensor
- 5.4.2. Pressure Sensor
- 5.4.3. Position Sensor
- 5.4.4. Proximity Sensor
- 5.4.5. Force and Torque Sensor
- 5.4.6. Others
Chapter 6. Global Machine Sensor Market, by End User Industry
- 6.1. Market Snapshot
- 6.2. Global Machine Sensor Market by End User Industry, Performance - Potential Analysis
- 6.3. Global Machine Sensor Market Estimates & Forecasts by End User Industry 2020-2030 (USD Billion)
- 6.4. Machine Sensor Market , Sub Segment Analysis
- 6.4.1. Manufacturing
- 6.4.2. Oil and Gas
- 6.4.3. Automotive
- 6.4.4. Aerospace
- 6.4.5. Healthcare
- 6.4.6. Others
Chapter 7. Global Machine Sensor Market, Regional Analysis
- 7.1. Top Leading Countries
- 7.2. Top Emerging Countries
- 7.3. Machine Sensor Market , Regional Market Snapshot
- 7.4. North America Machine Sensor Market
- 7.4.1. U.S. Machine Sensor Market
- 7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
- 7.4.1.2. End User Industry breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Machine Sensor Market
- 7.5. Europe Machine Sensor Market Snapshot
- 7.5.1. U.K. Machine Sensor Market
- 7.5.2. Germany Machine Sensor Market
- 7.5.3. France Machine Sensor Market
- 7.5.4. Spain Machine Sensor Market
- 7.5.5. Italy Machine Sensor Market
- 7.5.6. Rest of Europe Machine Sensor Market
- 7.6. Asia-Pacific Machine Sensor Market Snapshot
- 7.6.1. China Machine Sensor Market
- 7.6.2. India Machine Sensor Market
- 7.6.3. Japan Machine Sensor Market
- 7.6.4. Australia Machine Sensor Market
- 7.6.5. South Korea Machine Sensor Market
- 7.6.6. Rest of Asia Pacific Machine Sensor Market
- 7.7. Latin America Machine Sensor Market Snapshot
- 7.7.1. Brazil Machine Sensor Market
- 7.7.2. Mexico Machine Sensor Market
- 7.8. Middle East & Africa Machine Sensor Market
- 7.8.1. Saudi Arabia Machine Sensor Market
- 7.8.2. South Africa Machine Sensor Market
- 7.8.3. Rest of Middle East & Africa Machine Sensor Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. Baumer Holding AG
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Recent Developments
- 8.3.2. KYOCERA AVX Components (Werne) GmbH
- 8.3.3. TE Connectivity Ltd.
- 8.3.4. Tekscan, Inc.
- 8.3.5. Sensata Technologies, Inc.
- 8.3.6. ATI Industrial Automation Inc.
- 8.3.7. OMRON Corporation
- 8.3.8. FUTEK Advanced Sensor Technology, Inc.
- 8.3.9. Honeywell International Inc.
- 8.3.10. Infineon Technologies AG
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
- 9.3. Research Assumption