Industrial Automation Sensors Market - Global Opportunity Analysis and Industry Forecast (2022-2029)

Meticulous Research ® —a leading global market research company, published a research report titled, ‘ Industrial Automation Sensors Market by Sensor Type (Level Sensors, Flow Sensors), Type (Contact Sensors, Non-contact Sensors), Mode of Automation, End User, and Geography—Global Forecasts to 2029.’ The industrial automation sensors market is expected to reach $22.59 billion by 2029 at a CAGR of 9.6% from 2022 to 2029. The growth of this market is attributed to the rising adoption of industry 4.0 and IIoT in manufacturing, the surging demand for smart sensor-enabled wearable devices, and the growing technological advancements in industrial sensors. Furthermore, the adoption of predictive maintenance and the increasing demand for smart sensors from automobile manufacturers to enable safety are expected to offer significant opportunities for the growth of this market. However, the high installation cost of sensor networks is expected to hinder the growth of this ma...