Industrial Sensors Market Analysis, Trends, Forecast Up to 2030

The global Industrial Sensors market is expected to reach USD 40 billion by 2030, at a CAGR of 9.2% during the forecast period 2022 to 2030. Industry 4.0 and IIoT are being adopted more frequently in production, wearable devices with smart sensors are in high demand, and industrial sensors are advancing technologically, all of which are contributing to this market's growth. Additional aspects that are anticipated to provide substantial potential for the growth of this market include the use of smart sensors for predictive maintenance and the rising adoption of smart sensors in the automotive industry.