Industrial Sensors Market size to grow by USD 12.5 billion from 2022 to 2027

The global industrial sensors market size is estimated to increase by USD 12.5 billion from 2022 to 2027. The market's growth momentum will progress at a CAGR of 9% during the forecast period. The global industrial sensors market is fragmented, with the presence of several global as well as regional vendors.

By geography, the global industrial sensors market is segmented into APAC, Europe, North America, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global industrial sensors market. APAC is estimated to account for 42% of the global market growth for industrial sensors during the forecast period.

The growth of the regional market can be attributed to factors such as government initiatives, rising demand for locally produced automobiles, and APAC's robust manufacturing sector. Countries like Japan, China, Taiwan and others dominate the regional market due to the fact that businesses in these nations increasingly invest in procedures that guarantee cleanliness and environmental control.

Moreover, the demand for industrial sensors in this region is primarily driven by the growing adoption of automation in medical and healthcare facilities and the requirement for real-time monitoring systems. As monitoring devices need reliable communication, APAC witnesses an increase in the demand for industrial sensors to safeguard the equipment that transmits data from healthcare facilities to the control center.