Market Share of Industrial Sensors Industry
The industrial sensors market is fragmented, with several prominent players like Texas Instruments Incorporated, TE Connectivity Inc., Omega Engineering Inc., Honeywell International Inc., Rockwell Automation Inc., Siemens AG, and STMicroelectronics Inc. The market players are launching various innovative products that cater to consumers’ evolving requirements. Further, the market has been registering significant collaborations and partnerships. Expansions and acquisitions among the market players to expand their presence to address the increasing demand for industrial sensors would fuel future market growth.
Furthermore, the market is expected to grow at a significant rate in the future due to the increasing acceptance of automation across all end-user industries being captured. This is improving industry profitability. Thus, the threat of new entrants is high.
Industrial Sensors Market Leaders
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Texas Instruments Incorporated
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TE Connectivity Inc.
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Omega Engineering Inc.
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Honeywell International Inc.
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Rockwell Automation Inc.
*Disclaimer: Major Players sorted in no particular order
