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Industrial Sensors Market to Grow by USD 14.3 Billion (2024-2028), Driven by Demand for Smart Factories and IIoT, AI-Powered Report Highlights Market Trends - Technavio [Yahoo! Finance]
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grow by USD 14.3 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 9.44% during the forecast period. Rise in demand for smart factories and iiot is driving market growth, with a trend towards increasing demand for sensors for remote monitoring. However, growing challenges in delivering high quality at low cost poses a challenge.Key market players include Amkor Technology Inc., Amphenol Advanced Sensors, Analog Devices Inc., Broadcom Inc., Excelitas Technologies Corp., Hamamatsu Photonics KK, Honeywell International Inc., Itron Inc., Maxim Integrated Products Inc., Motion Solutions, Murata Manufacturing Co. Ltd., NXP Semiconductors NV, Renesas Electronics Corp., Robert Bosch GmbH, Rockwell Automation Inc., ROHM Co. Ltd., Sensata Technologies Inc., Siemens AG, STMicroelectronics International N.V., TDK Corp., TE Connectivity Ltd., and Texas Instruments Inc.. AI-Powered Market Evolution Insights. Our comprehensive market report ready with
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