Industrial smart sensors play a vital role in highly technical process in the industry. Sensors are type of devices that transforms physical stimulus into electrical signal, utilized for evaluating manufacturing process & making decision by operation system. They also helps to control & process complex operations in the factory area. Automation in technology is an essential aspect of almost all industrial manufacturing processes. Various advancements in automation are making huge waves in the industrial sector. For example one of the major advances in automation is one that stands to benefit various sectors is cloud storage. Cloud storage allows manufacturers to store all data wirelessly. Through cloud storage, all information & data from almost every machine can be automatically uploaded, ensuring that entire data is backed up over a wireless network. In case of any computer crashes, all production & manufacturing related data and information is completely safe and accessible from anywhere. Similarly, an advent of robotics has demonstrated ability to generate gains in terms of efficiency & productivity and quality.
According to study, “Global Industrial Smart Sensors Market to reach USD XXX Billion by 2026” the key companies operating in the global industrial smart sensors market are ABB Ltd., NXP Semiconductors N.V., Honeywell International, Infineon Technologies AG, Eaton Corporation, TE Connectivity Ltd., Analog Devices Inc., ST Microelectronics, Siemens AG and Legrand Inc.
Based on type, market is segmented as contact industrial smart sensors and noncontact industrial smart sensors. Based on product type, industrial smart sensors market is segmented as position sensors, pressure sensors, flow sensors, temperature sensors, touch sensors, image sensors and motion & occupancy sensors. Industrial smart flow sensors are generally used in water & wastewater, power, and food & beverage industries. These sensors are also used to sense the flow of the process, send data to the control system, and take relevant actions & prevent critical situations. Based on technology, market is segmented as CMOS based smart sensors, MEMS based smart sensors and others. Based on network connectivity, market is segmented as wired and wireless. In addition, based on application, market is segmented as consumer electronics, safety & security, factory automation, public infrastructure and healthcare.
The industrial smart sensors market is driven by rise in trend for industry automation, followed by growth in adoption of industry internet of things (IIoT) and increase in industry digitalization. However, slow adoption of sensor technology especially in old industries and high cost of development of smart sensors may impact the market. Moreover, increase in use of industrial robots for various applications in the industry is a key opportunity for market.
Based on geography, the Asian-Pacific region holds major share in global industrial smart sensors market owing to presence of large number of manufacturing base in the region. Whereas, the North-American and European regions are estimated to depict higher growth rate due to rise in adoption of smart technology & digitalization over the forecast period. In near future, it is predicted that the global market will be reached at rapid pace as a result of preference for industrial wireless sensors during the forecast period.
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Ankur Gupta, Head Marketing & Communications