Technology
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
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NEW YORK, Nov. 13, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global industrial sensors market size is estimated to 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..
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Forecast period
2024-2028
Base Year
2023
Historic Data
2018 – 2022
Segment Covered
End-user (Process industries and Discrete industries), Product (Pressure, Temperature, Proximity, Flow, and Others), and Geography (APAC, Europe, North America, Middle East and Africa, and South America)
Region Covered
APAC, Europe, North America, Middle East and Africa, and South America
Key companies profiled
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.
Key Market Trends Fueling Growth
The Industrial Sensors market is experiencing significant growth due to the trend towards automation and real-time data in various industries. The Internet of Things (IoT) is driving the demand for sensors in areas like factory automation, infrastructure development, and smart cities. Transparency and efficiency are key benefits, leading to profitability and predictive maintenance through machine learning algorithms. Sensors play a crucial role in monitoring operational equipment, ensuring machine uptime and optimizing industrial processes. Level sensors, pressure sensors, and temperature sensors are common types used for process and quality control. Legacy machinery integration is also a focus, with companies like Asystom and Platinum providing solutions. IoT-enabled sensors offer wireless connectivity and automated machinery for remote monitoring and control. Companies like Viezo, Hiber BV, and Omron Automation provide wireless autonomous sensors and advanced software for real-time data collection. Industries like renewable energy, manufacturing, and logistics are investing in cost-effective facilities and smart sensors for material sorting, inventory counting, and root error detection. Sensing technology is essential for industries dealing with raw materials, such as powders, liquids, and gases, ensuring product quality and preventing facility stoppages and slowdowns. Advanced automation systems using sensors enable real-time pictures for quality inspection and monitoring capabilities for robotics applications. Infrastructure development in industrial communities relies on sensors for liquid pressure measurement, monitoring vacuum pumps, and detecting gas leakages. Overall, the Industrial Sensors market is a vital component of digital technologies and connected devices, driving productivity and efficiency in various industries.
The industrial sensors market is experiencing significant growth due to the increasing demand for advanced technologies in the oil and gas industry. Unconventional resources pose unique challenges, necessitating new sensors, processes, and analytics. Traditional systems lacked the ability to seamlessly integrate and operate field-to-cloud systems, particularly in large installations. However, the emergence of the Industrial Internet of Things (IIoT) presents a major opportunity for technological advancements. Global companies are upgrading their infrastructure to leverage IIoT’s open, high-bandwidth protocols and cost-effective, intelligent networks. This transformation will enhance connectivity, monitoring, and process automation in industrial applications.
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Market Challenges
The Industrial Sensors Market is experiencing significant growth due to the increasing demand for real-time data, transparency, efficiency, and profitability in various industries. The Internet of Things (IoT) is playing a major role in this trend, enabling predictive maintenance through machine learning algorithms and automated machinery. Sensors are crucial for condition monitoring in industries such as manufacturing, renewable energy, and smart cities. Challenges include integrating legacy machinery, ensuring infrastructure development, and dealing with false detection. Sensors for level measurement, pressure, temperature, motion, and flow are in high demand. Companies like Asystom, Platinum, Viezo, Hiber BV, and Omron Automation are leading the way with innovative solutions. Industrial processes require advanced automation systems for machine uptime and productivity. Digital technologies, connected devices, and advanced software are transforming the factory floor, enabling cost-effective facilities and improved industrial communities. Sensors for raw materials, gas leakages, and liquid pressure measurement are essential for industrial process control. In conclusion, the Industrial Sensors Market is a dynamic and evolving landscape, driven by the need for efficiency, profitability, and real-time data. Companies that can provide cost-effective, reliable, and innovative sensing technology will be at the forefront of this market.Industrial sensors play a crucial role in automating manufacturing processes and ensuring accurate and reliable data collection in various industries. Engineers and system developers are constantly seeking advanced sensors to expand their product offerings, as industrial automation continues to grow. However, the cost of customized sensors can be a significant barrier for many end-users. While off-the-shelf sensors have become more affordable, those tailored for specific applications in industrial process control remain more expensive due to their advanced technology. Vendors must balance affordability with customization to meet the demands of their clients and remain competitive in the market.
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Segment Overview
This industrial sensors market report extensively covers market segmentation by
End-user 1.1 Process industries1.2 Discrete industriesProduct 2.1 Pressure2.2 Temperature2.3 Proximity2.4 Flow2.5 OthersGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America
1.1 Process industries- Industrial sensors play a crucial role in various process industries, including oil and gas, food and beverage, pharmaceuticals and healthcare, and water and wastewater treatment. In the oil and gas sector, industrial sensors facilitate the management of supply chain, production, and quality control, while ensuring minimal environmental impact. The food and beverage industry is witnessing a trend towards automation, with industrial sensors being used for efficient shelf and inventory management, and advanced image recognition for detecting missing or misplaced items. In the pharmaceuticals and healthcare sectors, the focus is on capitalizing on opportunities in research and development, leading to increased investment in industrial sensors for high-throughput optimization and regulatory compliance. The water and wastewater treatment industry is experiencing significant growth due to the increasing demand for potable water and the need for energy-efficient processes. Industrial sensors are essential in this industry for desalination, water reuse, and recycling applications. The power industry is also adopting industrial sensors on a large scale, particularly in smart grid applications for power monitoring, demand-side energy management, and coordination of distributed storage. These industries collectively contribute to the growth of the global industrial sensors market during the forecast period.
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Research Analysis
The Industrial Sensors Market is experiencing significant growth due to the integration of the Internet of Things (IoT) technology, enabling real-time data collection and analysis. This transparency leads to increased efficiency and profitability for industries by enabling predictive maintenance through machine learning algorithms and automated machinery. Condition monitoring sensors, including level sensors, pressure sensors, and image sensors, play a crucial role in optimizing industrial processes. Companies are investing in advanced sensing technology such as Platinum sensors, CMOS image sensors, and IPX8 sensors to enhance operational equipment performance and ensure machine uptime. Semiconductor companies are at the forefront of this trend, providing cost-effective facilities for industrial communities. The E2EW Series, for example, offers a comprehensive solution for data collection and analysis, making it an essential tool for industrial automation.
Market Research Overview
The Industrial Sensors market is experiencing significant growth due to the increasing adoption of Internet of Things (IoT) technology and the demand for real-time data in various industries. Transparency, efficiency, profitability, and predictive maintenance are key drivers for this market. Industrial sensors play a crucial role in various applications such as condition monitoring, level sensors, process control, and quality control. Infrastructure development in sectors like smart cities, renewable energy, and legacy machinery is also fueling the demand for advanced sensing technology. Sensors used in industrial applications include pressure sensors, temperature sensors, motion sensors, flow sensors, and proximity sensors. These sensors are integrated with machine learning algorithms and automated machinery to enable predictive maintenance and improve machine uptime. The use of wireless autonomous sensors and HiberHilo’s long-range wireless sensors is increasing in industrial automation and factory automation. The sensor market is expanding to include advanced automation systems, digital technologies, and connected devices. Industrial processes such as mixed-metal production lines, material sorting, inventory counting, and quality inspection are being optimized through the use of smart sensors and remote sensing capabilities. Real-time pictures and temperature monitoring are essential for quality inspection, while flow sensors help measure the quantity and flow rate of moving liquids and gases. The Industrial Sensors market is expected to continue growing as industries seek to improve machine performance, reduce facility stoppages, and minimize false detection. The use of sensors in industrial processes is essential for optimizing raw materials and improving overall productivity. The integration of advanced software and robotics applications is also driving innovation in the sensor market.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
End-userProcess IndustriesDiscrete IndustriesProductPressureTemperatureProximityFlowOthersGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio
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SAN FRANCISCO, July 25, 2026 /PRNewswire/ — NAVER, Brookfield and NVIDIA announced an expansion of Korea’s sovereign AI factory infrastructure. New investments will increase the initial NVIDIA DSX™ AI factory deployment from 55 megawatts to 200 megawatts.
Announced during Korea President Jae Myung Lee’s AI Summit visit to San Francisco, the planned 200-megawatt expansion will be built with the NVIDIA DSX platform at NAVER’s GAK Sejong hyperscale data center in Sejong, South Korea. The expanded infrastructure will provide Korea- and U.S.- based AI innovators with access to production-scale AI compute for building next-generation models, agents and AI-powered services.
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AI Factory Expansion and Open Model Collaboration to Fuel AI Innovators
NAVER, as an NVIDIA Cloud Partner, provides deep expertise in operating hyperscale infrastructure powered by the full-stack NVIDIA AI platform. The 200-megawatt AI factory, featuring NVIDIA Vera Rubin and Blackwell platforms, will establish a dedicated resource pool for emerging AI companies, providing the compute, software and support needed to develop and deploy competitive AI models and applications at scale.
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View original content:https://www.prnewswire.com/news-releases/naver-partners-with-brookfield-and-nvidia-to-expand-koreas-national-ai-factory-infrastructure-buildout-302834577.html
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BEIJING, July 24, 2026 /PRNewswire/ — On July 17, a China-U.S. youth delegation came to Dali of Yunnan Province. By examining how Dali’s rich history intersects with modern development, the delegates explored new pathways for rural development.
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https://x.com/beijingreview/status/2080104404552663067?s=46&t=yfVMVdMyE2zKAFrYaLoV-g
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https://youtu.be/jGONWTqwduc?is=KfL-Zn3HyVYE-KEm
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View original content:https://www.prnewswire.com/news-releases/beijing-review-walking-through-time-china-and-us-youths-explore-dalis-past-and-future-302834587.html
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Hyundai Motor Group Executive Chair Euisun Chung Announces Physical AI Vision at San Francisco AI Summit
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July 25, 2026By
Hyundai Motor Group shares roadmap for realizing its Physical AI vision and collaboration strategy with global tech leaders at the San Francisco AI SummitExecutive Chair Euisun Chung presented, “Hyundai Motor Group is evolving beyond the traditional boundaries of automotive manufacturing to become a Physical AI solution company,” adding, “The ultimate Physical AI vision we pursue is the realization of integrated intelligence at the city level”The Group to leverage manufacturing competitiveness and leading robotics capabilities centered on Boston Dynamics, while establishing a data flywheel system connecting real-world operational data with continuous AI model advancementThe Group to leverage strategic partnerships with global technology leaders, including NVIDIA and Waymo, as well as Boston Dynamics’ strategic partnership with Google DeepMindThe Group to collaborate with NVIDIA to develop a Robot Reference Platform that combines Hyundai Motor Group’s and NVIDIA’s Physical AI capabilities
… The initiative to support Korea’s Physical AI industry through an open ecosystem
The Group to cultivate strategic domestic hubs through investments in Saemangeum AI Valley and future advanced industries in Korea’s Yeongnam region
SAN FRANCISCO, July 25, 2026 /PRNewswire/ — Hyundai Motor Group (the Group) Executive Chair Euisun Chung today outlined the Group’s vision and strategy for Physical AI at the San Francisco AI Summit held in San Francisco, California.
The event brought together approximately 150 attendees, including Executive Chair Chung, business leaders from major Korean companies, executives from leading U.S. technology firms, startup representatives and students.
At the summit, Executive Chair Chung presented the Group’s roadmap for advancing Physical AI and outlined strategic collaboration plans with global technology leaders.
“Hyundai Motor Group is evolving beyond the traditional boundaries of automotive manufacturing by expanding into autonomous driving, robotics and AI Defined Factories, accelerating our transformation into a Physical AI solution company.” — Hyundai Motor Group Executive Chair Euisun Chung
Accelerating the Transition to a Physical AI Solution Company
Hyundai Motor Group’s Physical AI vision extends beyond intelligent devices such as vehicles and robots to intelligent spaces, including AI factories where AI seamlessly connects and optimizes entire operations. Ultimately, the Group envisions integrated intelligence at the city level, where urban infrastructure is organically connected and operated through AI.
A key differentiator for the Group is its ability to create a data flywheel that continuously connects real-world operations with AI advancement. Drawing on extensive experience in large-scale manufacturing, mobility, robotics and service operations, the Group is positioned to deploy, refine and scale Physical AI technologies in real industrial environments.
Executive Chair Chung also outlined strategic partnerships with leading technology companies, including NVIDIA and Waymo, as well as Boston Dynamics’ strategic partnership with Google DeepMind, to further advance Physical AI capabilities.
By combining Hyundai Motor Group’s manufacturing competitiveness, mobility and robotics technologies and extensive operational data with the AI infrastructure and algorithm capabilities of global technology leaders, the Group aims to help foster a new innovation ecosystem for the Physical AI era.
Executive Chair Chung also introduced initiatives designed to support the growth of Korea’s robotics and AI ecosystem, including the development of a Robot Reference Platform with NVIDIA that combines Hyundai Motor Group’s and NVIDIA’s Physical AI capabilities, as well as investments in initiatives such as the Saemangeum AI Valley.
Physical AI Vision: From Intelligent Devices to Integrated Intelligence at the City Level
During the summit, Executive Chair Chung presented Hyundai Motor Group’s Physical AI vision.
“The ultimate Physical AI vision Hyundai Motor Group pursues begins with intelligent devices such as vehicles and robots, expands to intelligent spaces such as AI factories, and ultimately realizes integrated intelligence at the city level, where urban infrastructure is seamlessly connected and operated.” — Hyundai Motor Group Executive Chair Chung
The Group’s vision begins with intelligent devices, where AI capabilities enhance vehicles and robots. It then expands to intelligent spaces, including AI factories where AI autonomously integrates logistics, production and quality management across entire operations.
Ultimately, Hyundai Motor Group envisions city-level intelligence, where critical infrastructure and assets — including energy, mobility and robotics systems — are connected and optimized in real time.
Executive Chair Chung also highlighted the Group’s key strengths in realizing its Physical AI vision:
World-class manufacturing competitiveness: Hyundai Motor Group has built extensive expertise through decades of operating global manufacturing facilities, managing quality systems and optimizing supply chains. This foundation enables the Group to apply AI technologies to products, processes and services while rapidly validating and scaling innovations in real-world environments.Leading robotics capabilities: Hyundai Motor Group has established robotics as a key pillar of its future business portfolio. Boston Dynamics’ quadruped robot Spot®, logistics robot Stretch®, and Hyundai Motor Group Robotics LAB’s next-generation mobile robot platform MobED are recognized for combining technological competitiveness with real-world applicability.
In particular, the humanoid robot Atlas® is emerging as a representative example of Physical AI, supporting and collaborating with people across manufacturing, logistics and mobility environments.
Establishing a data flywheel system: Hyundai Motor Group is establishing a data flywheel system that leverages data generated across manufacturing operations, vehicles, logistics systems and robotics demonstrations to continuously advance AI models. Enhanced algorithms are then reapplied to real-world operations, creating a virtuous cycle that improves performance and strengthens Physical AI capabilities.
Accelerating the Future of Physical AI Through Partnerships with Global Tech Leaders
Executive Chair Chung also outlined concrete initiatives to position Hyundai Motor Group as a leader in human-centered Physical AI through strategic collaborations with NVIDIA and Waymo, as well as Boston Dynamics’ strategic partnership with Google DeepMind.
“By combining Hyundai Motor Group’s strengths in manufacturing, robotics and data with the capabilities of global technology leaders, we can help create a new innovation ecosystem for the Physical AI era.” — Hyundai Motor Group Executive Chair Euisun Chung
NVIDIA – Advancing Physical AI infrastructure and talent development
Hyundai Motor Group is expanding collaboration with NVIDIA to strengthen Physical AI infrastructure and cultivate AI talent. Building on a supply agreement for 50,000 NVIDIA Blackwell GPUs and a memorandum of understanding signed last year to advance Korea’s Physical AI capabilities, the Group is pursuing a range of initiatives, including the establishment of Hyundai Motor Group Robot Application Center, as well as various collaborations aimed at strengthening Korea’s Physical AI infrastructure and AI talent ecosystem, including the NVIDIA’s AI Technology Center.
In manufacturing, the Group is leveraging NVIDIA’s platform to create more sophisticated digital twins of production facilities, enhancing process design, operational optimization and validation efficiency. The collaboration also includes the integration of NVIDIA’s autonomous driving solutions, including automotive semiconductors, sensors and architecture, with Hyundai Motor Group vehicle platforms.
Waymo – Strengthening autonomous driving collaboration
Hyundai Motor Group continues to strengthen its strategic partnership with Waymo in the autonomous driving sector to support the development of a safe and innovative autonomous driving ecosystem. Autonomous driving vehicles require a wide range of specialized capabilities, including redundant systems for steering, braking, power and communications, dedicated features such as power-operated doors, as well as enhanced functional safety and cybersecurity technologies.
Hyundai Motor Group plans to produce IONIQ 5 vehicles with specific autonomous-ready modifications at Hyundai Motor Group Metaplant America (HMGMA) in Georgia.
Google DeepMind – Accelerating next-generation humanoid robotics
Boston Dynamics has established a strategic partnership with Google DeepMind to accelerate the development of next-generation humanoid robots. Advanced AI models and training systems are essential for robots to perform complex tasks in real-world environments and collaborate effectively with people. Through this partnership, Boston Dynamics robots are expected to achieve greater autonomy and adapt more effectively to complex operating environments.
Hyundai Motor Group plans to establish a robot production facility in the U.S. with an annual capacity of up to 30,000 units by 2028. The Atlas humanoid robot will first be deployed at production facilities including HMGMA before broader deployment is expanded through phased validation.
Building an Open Ecosystem Through the Robot Reference Platform and Continued Investment in Korea’s Physical AI Future
Executive Chair Chung also outlined initiatives aimed at supporting the growth of Korea’s Physical AI ecosystem through open collaboration and continued investment.
“The outcomes of collaboration with global technology leaders should contribute to the growth of Korea’s Physical AI industry. To that end, Hyundai Motor Group plans to foster an open ecosystem that supports innovation in robotics and AI technologies.” — Hyundai Motor Group Executive Chair Euisun Chung
Key initiatives to build an open ecosystem for robotics and AI innovation include:
Robot Reference Platform: Hyundai Motor Group and NVIDIA are collaborating to develop a Robot Reference Platform that combines Hyundai Motor Group’s and NVIDIA’s Physical AI capabilities.
The platform will provide research robot models to universities, research institutes and startups, helping foster an open ecosystem that supports technological innovation and the development of Physical AI talent while contributing to the broader growth of Korea’s robotics and AI industries.
Supporting universities, research institutes and startups: The Robot Reference Platform is expected to provide universities, research institutes and startups with a standardized hardware and software environment, enabling them to more easily develop and validate Physical AI technologies. The initiative aims to help address challenges faced by organizations with innovative ideas but limited access to commercialization opportunities and validation infrastructure.
Hyundai Motor Group is also continuing large-scale investments aimed at driving the next leap forward in Korea’s industrial and technology ecosystem. Continued investments in Korea’s industrial and technology ecosystem include:
Saemangeum AI Valley: In the Saemangeum region of Jeonbuk State, the Group is developing Saemangeum AI Valley, which includes an approximate KRW 9 trillion investment in AI data centers, robotics manufacturing clusters, electrolyzer plants and AI hydrogen city infrastructure.
In particular, the robotics manufacturing cluster will serve not only as a production base for the Group’s own robotics products, but also as a robotics foundry that provides manufacturing services for small and medium-sized enterprises that lack manufacturing expertise.
Advanced industrial hubs in the Yeongnam region: Hyundai Motor Group plans to invest a total of KRW 42 trillion over the next decade to foster advanced industrial hubs focused on AI-driven manufacturing, future aerospace industries and sustainable energy infrastructure.
Through these initiatives, Hyundai Motor Group aims to strengthen key foundations for the Physical AI era, including data and energy infrastructure, robotics production capabilities and real-world validation capabilities. The Group also expects these investments to contribute to enhanced industrial competitiveness, balanced regional development, job creation and broader economic vitality in Korea.
About Hyundai Motor Group
Hyundai Motor Group is a global enterprise that has created a value chain based on mobility, steel, and construction, as well as logistics, finance, IT, and service. With about 250,000 employees worldwide, the Group’s mobility brands include Hyundai, Kia, and Genesis. Armed with creative thinking, cooperative communication, and the will to take on any challenges, we strive to create a better future for all.
More information about Hyundai Motor Group can be found at: http://www.hyundaimotorgroup.com or Newsroom: Media Hub by Hyundai, Kia Global Newsroom, Genesis Newsroom
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