Industrial Automation Sensors Market Size, Share, Growth Analysis, By Sensor type(Temperature sensor, proximity sensor, pressure sensor, position sensor), By Type(Contact Sensors, Non-contact Sensors), By End user industry(Oil & Gas, Automotive, Food & Beverage, Semiconductor & Electronics), By Region - Industry Forecast 2024-2031

Industrial Automation Sensors Market size was valued at USD 20.6 billion in 2019 and is poised to grow from USD 22.5 billion in 2023 to USD 49.7 billion by 2031, growing at a CAGR of 9.1% in the forecast period (2024-2031).

The global industrial automation sensors market size is projected to grow at a significant CAGR during the forecast period from 2023 to 2030 attributing to the heightened use of automation sensors in the manufacturing industry. With the emerging trend of industry 4.0 and IIOT the demand for sensors has grown manifolds in the domain.

Industry 4.0 and IIoT are adopted more frequently in production for wearable devices with smart sensors. Industrial sensors are advancing technologically, all of which are contributing to the market growth. Additional aspects that are anticipated to provide substantial potential for the market growth include the use of smart sensors for predictive maintenance and the rising adoption of smart sensors in the automotive industry.

Sensing technology is anticipated to continue serving as the backbone for data collection as the demand for industrial automation grows and factory floors are transformed into efficient, linked, and dependable facilities. As a result, in the past few years, a sizeable number of industrial communities and researchers have been paying close attention to the integration of industrial sensors with automation systems.

US Industrial Automation Sensors Market is poised to grow at a sustainable CAGR for the next forecast year.