LONDON--(BUSINESS WIRE)--Market research firm Technavio has announced the release of their latest report on the global industrial sensors market. This new report will provide expert market insights for the forecast period 2018-2022.
The report will follow up on Technavio’s previous report on industrial sensors, offering an up-to-date assessment of the market in the context of new developments, recent trends, along with an analysis of present-day competitors.
The upgraded research report on the industrial sensors market is an integral part of Technavio’s automation portfolio. Technavio covers an extensive range of market research reports on the automation market, covering different regions and top industry segments. Some of the topics include industrial turbocharger, automated container terminal, industrial transmitters, industrial gear motors and drives, and industrial controls and factory automation.
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Industrial sensors market: opportunity analysis
Technavio’s previous report on the global industrial sensors market projected that APAC will account for about 41% of the total market share by 2020. Factors such as the presence of a number of developing economies and the recent regulatory standards implemented by countries in this region for commercial and passenger vehicles led to the growth of this market.
In the previous report, a senior research analyst at Technavio stated, “One of the primary growth drivers for this market is the opportunities in the IoT. As a network of equipment, IoT enables the use of inductive proximity sensors, software, and other hardware to acquire data remotely and thereby manage and monitor industrial equipment with minimal or no human intervention. Industries have started implementing IoT in existing sites and field equipment as IoT enables the development of smart factories that lead to an increase in production and reduce inventory requirements and production costs. In addition, to dominate the IoT industry, industrial automation players are increasingly looking to expand their software and technology capabilities and acquire small vendors with technical expertise. This will have a positive impact on the market.”
Technavio’s new report on the global industrial sensors market will evaluate the key geographical regions and their behavior over the past four years, introducing new data and observations and providing new predictions.
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Detailed analysis at your fingertips
Some of the topics that will be revisited in the new report include:
- Market size and growth rate through 2022
- Top factors driving the market growth
- Market share analysis of the key players
- Market opportunities and factors impeding growth
The report on the global industrial sensors market for the period 2018-2022 is available to order now and will be delivered within one week of purchase.
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