Albany, NY -- (SBWire) -- 06/08/2016 --Industrial sensors are transducers that convert physical quantity to electrical signals. The signals are processed through an electronic automation system and depict physical variation or error signal in the device or instrument. Industrial sensors are classified as position or velocity sensors, proximity sensors, pressure sensors, temperature sensors, and vibration or acceleration sensors. These industrial sensors have high degree of accuracy, reliability, range, and sensitivity and provide better control and automation of industrial processing units.
The global industrial sensors market to grow at a CAGR of 10.06% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global industrial sensors market for 2016-2020. To calculate the market size, we consider revenue generated from sales and aftermarket services of industrial sensors.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
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Technavio's report, Global Industrial Sensors Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- Bosch Sensortec
- Siemens
- STMicroelectronics
- Texas Instruments
Other prominent vendors
- Analog Devices
- Denso
- GE
- Honeywell International
- Infineon
- Itron
- NXP
- Sensata
Market driver
- Growth in industrial robotics market
- For a full, detailed list, view our report
Market challenge
- Miniaturization of sensors affecting performance
- For a full, detailed list, view our report
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Key questions answered in this report -
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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Global Industrial Sensors Market to Grow at a CAGR of 10.06% During 2016-2020
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