MRO Magazine

Global Industrial Sensors Market to Grow 10.06% by 2020 – Key Vendors are Bosch Sensortec, Siemens & STMicroelectronics – Research and Markets

June 17, 2016
By Business Wire News


Research and Markets has announced the addition of the “Global Industrial Sensors Market 2016-2020” report to their offering.

The global industrial sensors market is forecast to grow at a CAGR of 10.06% during the period 2016-2020.

The report 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.

One trend which is expected to have a big impact on the industrial sensors market is the emergence of industrial wireless sensing networks (WSN). Industrial WSN refers to a group of spatially dispersed sensors placed in the remote plant area or main location. It monitors and controls the physical conditions of the equipment and organizes the collected data at the central location. It uses the wireless technology to send signals and measurements to the control room. The industrial WSNs are widely used in the oil and gas, power and utility, mining, and food and beverage industries.

Further, the report states that one challenge that could restrict market growth is the miniaturization of sensors which affect performance.

Key vendors:

  • Bosch Sensortec
  • Siemens
  • STMicroelectronics
  • Texas Instruments

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by end-user

PART 07: Geographical segmentation

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

For more information visit

Research and Markets
Laura Wood, Senior Manager
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Sector: Industrial Automation, Sensors