IoT, AI and Factory Automation to Drive Demand for Industrial Sensors to Reach $48 Billion by 2029 | Market Report (2023-2029) by Industry Experts, Inc
Industry Experts, Inc. introduced the new global market research report on industrial sensors. According to this new report entitled " Global Industrial Sensors Market – Sensor Types, Functionality Types and End-Use Sectors ", Asia-Pacific is the largest market for industrial sensors in 2023 with a global share of 31% while North America and Europe closely follow, occupying 25% and 22% respectively in the same year. Industrial sensors offer the capability of perceiving a physical quantity at the input point and transmitting an equivalent electrical output at the output point. Sensors, being devices that convert one form of energy into another, are considered to be transducers. In simple terms, sensors are able to detect their surroundings and transform that input into an output capable of being comprehended by a computer or a process controller. Irrespective of complexity, the role played by industrial sensors in virtually every modern manufacturing process is highly signif