The Asia Pacific Machine Sensor Market would witness market growth of 8.1% CAGR during the forecast period (2023-2030).
The advent of IoT and IIoT due to the electronic change toward digitalization has further expedited the development of smart temperature sensors. The digital revolution in the sensing sector has aided the development of novel temperature sensors employing low-interface digital technology. Further evidence that the market for temperature sensors will grow over the anticipated period comes from the increasing usage of temperature sensors in the industrial sector.
In the following years, a considerable increase in demand for self-driving automobiles is anticipated. Numerous governments have generously funded the sector. According to the government, for instance, self-driving cars might be introduced on roads by 2025 as a result of new government initiatives, funded by £100 million, that prioritize safety via new legislation and generate thousands of new employments in the sector. Self-driving vehicles might significantly lower this figure while enhancing driving safety, productivity, and efficiency. During the foreseeable period, demand for self-driving cars is further boosted by demand for premium automobiles. Developing nations with faster growth rates include China and India, among others.
In India, one of the fastest-growing sectors is now manufacturing. The “Make in India” initiative promotes India as a manufacturing center and elevates the Indian economy internationally. The region’s implementation of IIoT use cases benefits greatly from the government’s involvement. The Indian manufacturing sector is receiving a boost from government programs like Make in India and Digital India. In addition, the Indian government hopes to have an economy worth USD 5 trillion by 2025, with an estimated USD 1 trillion in manufacturing. These aspects collectively are predicted to increase demand for machine sensors leading to regional market growth.
The China market dominated the Asia Pacific Machine Sensor Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,030.8 million by 2029. The Japan market is experiencing a CAGR of 7.4% during (2023 - 2030). Additionally, The India market would exhibit a CAGR of 8.8% during (2023 - 2030).
Based on Type, the market is segmented into Pressure Sensor, Temperature Sensor, Position Sensor, Force & Torque Sensor, Proximity Sensor, and Others. Based on Industry, the market is segmented into Manufacturing, Oil & Gas, Aerospace, Automotive, Healthcare, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Machine Sensor Market is Projected to reach USD 28.1 Billion by 2030, at a CAGR of 7.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Honeywell International, Inc., Kyocera Corporation, Sensata Technologies Holdings PLC, Omron Corporation, Infineon Technologies AG, TE Connectivity Ltd., ATI Industrial Automation, Inc. (Novanta, Inc.), FUTEK Advanced Sensor Technology, Inc., Baumer Holding AG, and Tekscan, Inc. (Artemis Capital Partners).
Scope of the Study
Market Segments Covered in the Report:
By Type
- Pressure Sensor
- Temperature Sensor
- Position Sensor
- Force & Torque Sensor
- Proximity Sensor
- Others
By Industry
- Manufacturing
- Oil & Gas
- Aerospace
- Automotive
- Healthcare
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Honeywell International, Inc.
- Kyocera Corporation
- Sensata Technologies Holdings PLC
- Omron Corporation
- Infineon Technologies AG
- TE Connectivity Ltd.
- ATI Industrial Automation, Inc. (Novanta, Inc.)
- FUTEK Advanced Sensor Technology, Inc.
- Baumer Holding AG
- Tekscan, Inc. (Artemis Capital Partners)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Machine Sensor Market, by Type
1.4.2 Asia Pacific Machine Sensor Market, by Industry
1.4.3 Asia Pacific Machine Sensor Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Market Share Analysis, 2022
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2020, Mar – 2023, Mar) Leading Players
Chapter 4. Asia Pacific Machine Sensor Market by Type
4.1 Asia Pacific Pressure Sensor Market by Country
4.2 Asia Pacific Temperature Sensor Market by Country
4.3 Asia Pacific Position Sensor Market by Country
4.4 Asia Pacific Force & Torque Sensor Market by Country
4.5 Asia Pacific Proximity Sensor Market by Country
4.6 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific Machine Sensor Market by Industry
5.1 Asia Pacific Manufacturing Market by Country
5.2 Asia Pacific Oil & Gas Market by Country
5.3 Asia Pacific Aerospace Market by Country
5.4 Asia Pacific Automotive Market by Country
5.5 Asia Pacific Healthcare Market by Country
5.6 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Machine Sensor Market by Country
6.1 China Machine Sensor Market
6.1.1 China Machine Sensor Market by Type
6.1.2 China Machine Sensor Market by Industry
6.2 Japan Machine Sensor Market
6.2.1 Japan Machine Sensor Market by Type
6.2.2 Japan Machine Sensor Market by Industry
6.3 India Machine Sensor Market
6.3.1 India Machine Sensor Market by Type
6.3.2 India Machine Sensor Market by Industry
6.4 South Korea Machine Sensor Market
6.4.1 South Korea Machine Sensor Market by Type
6.4.2 South Korea Machine Sensor Market by Industry
6.5 Singapore Machine Sensor Market
6.5.1 Singapore Machine Sensor Market by Type
6.5.2 Singapore Machine Sensor Market by Industry
6.6 Malaysia Machine Sensor Market
6.6.1 Malaysia Machine Sensor Market by Type
6.6.2 Malaysia Machine Sensor Market by Industry
6.7 Rest of Asia Pacific Machine Sensor Market
6.7.1 Rest of Asia Pacific Machine Sensor Market by Type
6.7.2 Rest of Asia Pacific Machine Sensor Market by Industry
Chapter 7. Company Profiles
7.1 Honeywell International, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.1.5.2 Acquisition and Mergers:
7.1.6 SWOT Analysis
7.2 Kyocera Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.2.5.2 Product Launches and Product Expansions:
7.2.5.3 Acquisition and Mergers:
7.2.5.4 Geographical Expansions:
7.3 Sensata Technologies Holdings PLC
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.3.5.2 Product Launches and Product Expansions:
7.3.6 SWOT Analysis
7.4 Omron Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent strategies and developments:
7.4.5.1 Product Launches and Product Expansions:
7.4.6 SWOT Analysis
7.5 Infineon Technologies AG
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Partnerships, Collaborations, and Agreements:
7.5.6 SWOT Analysis
7.6 TE Connectivity Ltd.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent strategies and developments:
7.6.5.1 Product Launches and Product Expansions:
7.6.5.2 Acquisition and Mergers:
7.6.5.3 Geographical Expansions:
7.6.6 SWOT Analysis
7.7 ATI Industrial Automation, Inc. (Novanta, Inc.)
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expenses
7.7.5 Recent strategies and developments:
7.7.5.1 Partnerships, Collaborations, and Agreements:
7.7.5.2 Product Launches and Product Expansions:
7.8 FUTEK Advanced Sensor Technology, Inc.
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Product Launches and Product Expansions:
7.9 Baumer Holding AG
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Product Launches and Product Expansions:
7.10. Tekscan, Inc. (Artemis Capital Partners)
7.10.1 Company Overview
7.10.2 Recent strategies and developments:
7.10.2.1 Product Launches and Product Expansions:
TABLE 1 Asia Pacific Machine Sensor Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Machine Sensor Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Machine Sensor
TABLE 4 Product Launches And Product Expansions– Machine Sensor
TABLE 5 Acquisition and Mergers– Machine Sensor
TABLE 6 Acquisition and Mergers– Machine Sensor
TABLE 7 Asia Pacific Machine Sensor Market by Type, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Machine Sensor Market by Type, 2023 - 2030, USD Million
TABLE 9 Asia Pacific Pressure Sensor Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Pressure Sensor Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Temperature Sensor Market by Country, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Temperature Sensor Market by Country, 2023 - 2030, USD Million
TABLE 13 Asia Pacific Position Sensor Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Position Sensor Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Force & Torque Sensor Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Force & Torque Sensor Market by Country, 2023 - 2030, USD Million
TABLE 17 Asia Pacific Proximity Sensor Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Proximity Sensor Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 21 Asia Pacific Machine Sensor Market by Industry, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Machine Sensor Market by Industry, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Manufacturing Market by Country, 2019 - 2022, USD Million
TABLE 24 Asia Pacific Manufacturing Market by Country, 2023 - 2030, USD Million
TABLE 25 Asia Pacific Oil & Gas Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Oil & Gas Market by Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Aerospace Market by Country, 2019 - 2022, USD Million
TABLE 28 Asia Pacific Aerospace Market by Country, 2023 - 2030, USD Million
TABLE 29 Asia Pacific Automotive Market by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Automotive Market by Country, 2023 - 2030, USD Million
TABLE 31 Asia Pacific Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 32 Asia Pacific Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 33 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 34 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 35 Asia Pacific Machine Sensor Market by Country, 2019 - 2022, USD Million
TABLE 36 Asia Pacific Machine Sensor Market by Country, 2023 - 2030, USD Million
TABLE 37 China Machine Sensor Market, 2019 - 2022, USD Million
TABLE 38 China Machine Sensor Market, 2023 - 2030, USD Million
TABLE 39 China Machine Sensor Market by Type, 2019 - 2022, USD Million
TABLE 40 China Machine Sensor Market by Type, 2023 - 2030, USD Million
TABLE 41 China Machine Sensor Market by Industry, 2019 - 2022, USD Million
TABLE 42 China Machine Sensor Market by Industry, 2023 - 2030, USD Million
TABLE 43 Japan Machine Sensor Market, 2019 - 2022, USD Million
TABLE 44 Japan Machine Sensor Market, 2023 - 2030, USD Million
TABLE 45 Japan Machine Sensor Market by Type, 2019 - 2022, USD Million
TABLE 46 Japan Machine Sensor Market by Type, 2023 - 2030, USD Million
TABLE 47 Japan Machine Sensor Market by Industry, 2019 - 2022, USD Million
TABLE 48 Japan Machine Sensor Market by Industry, 2023 - 2030, USD Million
TABLE 49 India Machine Sensor Market, 2019 - 2022, USD Million
TABLE 50 India Machine Sensor Market, 2023 - 2030, USD Million
TABLE 51 India Machine Sensor Market by Type, 2019 - 2022, USD Million
TABLE 52 India Machine Sensor Market by Type, 2023 - 2030, USD Million
TABLE 53 India Machine Sensor Market by Industry, 2019 - 2022, USD Million
TABLE 54 India Machine Sensor Market by Industry, 2023 - 2030, USD Million
TABLE 55 South Korea Machine Sensor Market, 2019 - 2022, USD Million
TABLE 56 South Korea Machine Sensor Market, 2023 - 2030, USD Million
TABLE 57 South Korea Machine Sensor Market by Type, 2019 - 2022, USD Million
TABLE 58 South Korea Machine Sensor Market by Type, 2023 - 2030, USD Million
TABLE 59 South Korea Machine Sensor Market by Industry, 2019 - 2022, USD Million
TABLE 60 South Korea Machine Sensor Market by Industry, 2023 - 2030, USD Million
TABLE 61 Singapore Machine Sensor Market, 2019 - 2022, USD Million
TABLE 62 Singapore Machine Sensor Market, 2023 - 2030, USD Million
TABLE 63 Singapore Machine Sensor Market by Type, 2019 - 2022, USD Million
TABLE 64 Singapore Machine Sensor Market by Type, 2023 - 2030, USD Million
TABLE 65 Singapore Machine Sensor Market by Industry, 2019 - 2022, USD Million
TABLE 66 Singapore Machine Sensor Market by Industry, 2023 - 2030, USD Million
TABLE 67 Malaysia Machine Sensor Market, 2019 - 2022, USD Million
TABLE 68 Malaysia Machine Sensor Market, 2023 - 2030, USD Million
TABLE 69 Malaysia Machine Sensor Market by Type, 2019 - 2022, USD Million
TABLE 70 Malaysia Machine Sensor Market by Type, 2023 - 2030, USD Million
TABLE 71 Malaysia Machine Sensor Market by Industry, 2019 - 2022, USD Million
TABLE 72 Malaysia Machine Sensor Market by Industry, 2023 - 2030, USD Million
TABLE 73 Rest of Asia Pacific Machine Sensor Market, 2019 - 2022, USD Million
TABLE 74 Rest of Asia Pacific Machine Sensor Market, 2023 - 2030, USD Million
TABLE 75 Rest of Asia Pacific Machine Sensor Market by Type, 2019 - 2022, USD Million
TABLE 76 Rest of Asia Pacific Machine Sensor Market by Type, 2023 - 2030, USD Million
TABLE 77 Rest of Asia Pacific Machine Sensor Market by Industry, 2019 - 2022, USD Million
TABLE 78 Rest of Asia Pacific Machine Sensor Market by Industry, 2023 - 2030, USD Million
TABLE 79 Key Information – Honeywell International, Inc.
TABLE 80 Key Information – Kyocera Corporation
TABLE 81 Key Information – Sensata Technologies Holdings PLC
TABLE 82 Key Information – Omron Corporation
TABLE 83 Key Information – Infineon Technologies AG
TABLE 84 Key information –TE Connectivity Ltd.
TABLE 85 Key Information – ATI Industrial Automation, Inc.
TABLE 86 Key Information – FUTEK Advanced Sensor Technology, Inc.
TABLE 87 key information – Baumer Holding AG
TABLE 88 Key Information – Tekscan, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2022
FIG 4 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 5 Key Strategic Move: (Product Launches and Product Expansions : 2020, Mar – 2023, Mar) Leading Players
FIG 6 Asia Pacific Machine Sensor Market share by Type, 2022
FIG 7 Asia Pacific Machine Sensor Market share by Type, 2030
FIG 8 Asia Pacific Machine Sensor Market by Type, 2019 - 2030, USD Million
FIG 9 Asia Pacific Machine Sensor Market share by Industry, 2022
FIG 10 Asia Pacific Machine Sensor Market share by Industry, 2030
FIG 11 Asia Pacific Machine Sensor Market by Industry, 2019 - 2030, USD Million
FIG 12 Asia Pacific Machine Sensor Market share by Country, 2022
FIG 13 Asia Pacific Machine Sensor Market share by Country, 2030
FIG 14 Asia Pacific Machine Sensor Market by Country, 2019 - 2030, USD Million
FIG 15 Recent strategies and developments: Honeywell International, Inc.
FIG 16 Swot analysis: Honeywell international, inc
FIG 17 Recent strategies and developments: Kyocera Corporation
FIG 18 Recent strategies and developments: Sensata Technologies Holdings PLC
FIG 19 swot analysis: sensata technologies holdings plc
FIG 20 SWOT Analysis: Omron Corporation
FIG 21 Swot analysis: INFINEON TECHNOLOGIES AG
FIG 22 Recent strategies and developments: TE Connectivity Ltd.
FIG 23 SWOT Analysis: TE Connectivity Ltd.
FIG 24 Recent strategies and developments: ATI Industrial Automation, Inc.