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Intelligent Technology Everything You Need to Know About Industrial Smart Sensors

From Ahlam Rais 6 min Reading Time

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Rockwell Automation B.V.
Siemens Ltd.
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Industrial smart sensors are in high demand across various industries and the rise of Industry 4.0 as well as the Industrial Internet of Things are the core reasons behind this market scenario. The many advantages, trends as well as the future of industrial smart sensors within the next decade are all highlighted in this article.

“Today, we already see an increased demand for wireless sensors that transmit data to cloud platforms where artificial intelligence (AI) is enabling customers to analyze and optimize their processes and do predictive maintenance,” shares Dr. Hartmut Klocker, Vice President Measurement Intelligence Process Automation, Siemens.(Source: Siemens)
“Today, we already see an increased demand for wireless sensors that transmit data to cloud platforms where artificial intelligence (AI) is enabling customers to analyze and optimize their processes and do predictive maintenance,” shares Dr. Hartmut Klocker, Vice President Measurement Intelligence Process Automation, Siemens.
(Source: Siemens)

The industrial sensors industry size is projected to grow from 27.9 billion dollars in 2024 and is expected to reach 42.1 billion dollars by 2029, growing at a CAGR of 8.5 % from 2024 to 2029, according to a research report from market research company Markets and Markets titled ‘Industrial Sensors Market by Sensor Type (Level Sensor, Temperature Sensor, Gas Sensor, Pressure Sensor, Position Sensor, and Humidity & Moisture Sensor), Type (Contact & non-contact sensors), End-User Industry and Region - Global Forecast to 2029’. One of the prime reasons for this significant growth is the development of industrial smart sensors in the background of Industry 4.0 and the Industrial Internet of Things (IIoT).

Elaborating on this point further, Dr. Hartmut Klocker, Vice President Measurement Intelligence Process Automation from Siemens shares, “The global market for industrial smart sensors is growing robustly due to the widespread adoption of Industry 4.0 and the Industrial Internet of Things. It is expected that this trend will be maintained over the next several years. This expansion is driven by the increasing demand for automation, real-time data analytics, and enhanced operational efficiency across various sectors.”

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