Sensors Global Market Report 2025

The sensors market size has grown strongly in recent years. It will grow from $217.22 billion in 2024 to $238.39 billion in 2025 at a compound annual growth rate (CAGR) of 9.7%. The growth during the historic period can be attributed to the expansion of remote patient monitoring systems, the rise of smartphones, the increasing need for air and water quality sensors, applications in renewable energy systems, and the growing demand for surveillance and intrusion detection.

The sensors market size is expected to see strong growth in the next few years. It will grow to $342.93 billion in 2029 at a compound annual growth rate (CAGR) of 9.5%. The projected growth in the forecast period is driven by the rising use of sensors in Industry 4.0, the expansion of predictive maintenance in manufacturing, broader adoption of robotics and automation, increasing demand for advanced driver-assistance systems (ADAS), and greater use of wearable health monitoring devices. Key trends in the forecast period include the miniaturization of sensor components, advancements in MEMS technology, integration of sensors with AI and machine learning, improvements in sensor sensitivity and accuracy, and the development of wireless and IoT-enabled sensors.

The rising demand for automation is expected to drive growth in the sensors market in the coming years. Automation involves using machines or software to perform tasks automatically, reducing the need for human intervention. This demand is growing because automation significantly boosts efficiency by enabling faster and error-free execution of repetitive tasks, helping businesses lower costs and maintain competitiveness. As automation expands, the need for sensors increases, since sensors allow machines to detect, measure, and respond to real-world conditions, facilitating precise and autonomous decision-making. For example, in September 2024, the International Federation of Robotics, a Germany-based non-profit organization, reported that 2023 saw the second-largest annual installation of robotic units, totaling 541,302. China, with 276,288 industrial robots installed - accounting for 51% of the total - remained the world’s largest market. Thus, growing automation demand will support the expansion of the sensors market.

Leading companies in the sensors market are focusing on developing advanced wireless sensor solutions to enable real-time remote monitoring and data collection in challenging or hazardous environments. A wireless sensor detects and measures physical or environmental conditions and transmits the data wirelessly to a central system for monitoring or analysis. For instance, in November 2023, Worldsensing, a Spain-based IoT company, launched the Vibration Meter, a wireless sensor designed for vibration monitoring. This device employs a tri-axial MEMS accelerometer and offers longer battery life, greater communication range, and a more competitive price compared to existing vibration technologies while complying with key regulatory standards. It features an advanced algorithm to monitor vibration thresholds and frequency, continuously collecting data at 1,000 MHz on-site. Data is transmitted via a cellular gateway using Worldsensing’s Long Range (LoRa) antenna, providing up to 15 km of range and compatibility with other Worldsensing devices and networks. Powered by a user-replaceable 3.6 V D-size battery, the device can operate for up to two years with a 30-minute reporting interval and functions reliably in extreme temperatures ranging from -40°C to 80°C.

In January 2024, ABB Ltd., a Switzerland-based technology company, acquired Real Tech for an undisclosed sum. This acquisition strengthened ABB’s presence in the water sector by incorporating advanced optical sensor technology into its portfolio. The strategic move enhances ABB’s smart water solutions capabilities and positions the company to leverage growing global demand for sustainable water management. Real Tech is a Canada-based optical sensor manufacturer.

Major players in the sensors market are Robert Bosch GmbH, Siemens AG, TDK Electronics AG, Infineon Technologies AG, KEYENCE Corporation, Ametek Inc., Banner Engineering Corp., WIKA Alexander Wiegand GmbH & Co. KG, Pepperl+Fuchs Inc., Christian Bürkert GmbH & Co. KG, Baumer Ltd., PCB Piezotronics Inc., Gefran S.p.A, First Sensor AG, KELLER AG, Micro Sensor Co. Ltd., Merit Sensor, di-soric, Sensitron, Spectra Symbol Corp., Proxitron GmbH, Holykell Sensor Inc., KWJ Engineering Inc., Novotechnik U.S. Inc., and RIFTEK LLC.

North America was the largest region in the sensors market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in sensors report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the sensors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Sensors are devices that detect and respond to changes in their environment by converting physical variations into signals that can be interpreted. They work by monitoring different types of input and transforming that input into data that can be analyzed or used. These devices are crucial for enabling systems to perceive and interact with their surroundings, facilitating automation, monitoring, and control across various industries.

The primary types of sensors include radar sensors, touch sensors, temperature and humidity sensors, biosensors, level sensors, pressure and flow sensors, optical sensors, image sensors, and others. Radar sensors operate by using radio waves to determine the distance, speed, and presence of objects within their detection area. They utilize technologies such as micro-electro-mechanical systems (MEMS), complementary metal-oxide-semiconductor (CMOS), nano-electro-mechanical systems (NEMS), among others, and serve end-users in sectors like consumer electronics, automotive, biomedical and healthcare, industrial, aerospace and defense, and more.

The sensors market research report is one of a series of new reports that provides sensors market statistics, including sensors industry global market size, regional shares, competitors with a sensors market share, detailed sensors market segments, market trends and opportunities, and any further data you may need to thrive in the sensors industry. This sensors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The sensors market consists of sales of environmental monitoring devices, magnetic field detectors, flow measurement instruments, and rotation monitors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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