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Global Industrial Sensors Market to grow at a CAGR of 10.06% during 2016-2020

Press Release   •   Jan 20, 2017 04:29 EST

About the Industrial Sensors Market

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.

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

Covered in this report

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

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.

Download Sample copy of Report at http://www.marketresearchreports.biz/sample/sample/729214

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

Market trend

Emergence of industrial WSN

For a full, detailed list, view our report

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?