How big is the Virtual Sensor Market?

The Virtual Sensor Market size is expected to reach USD 1.04 billion in 2024 and grow at a CAGR of 31.38% to reach USD 4.09 billion by 2029. Read More

What is the current Virtual Sensor Market size?

In 2024, the Virtual Sensor Market size is expected to reach USD 1.04 billion. Read More

Who are the key players in Virtual Sensor Market?

Schneider Electric SE, Elliptic Labs ASA, Modelway SRL, Cisco Systems Inc. and General Electric Company are the major companies operating in the Virtual Sensor Market. Read More

Which is the fastest growing region in Virtual Sensor Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Virtual Sensor Market?

In 2024, the Asia Pacific accounts for the largest market share in Virtual Sensor Market. Read More

What years does this Virtual Sensor Market cover, and what was the market size in 2023?

In 2023, the Virtual Sensor Market size was estimated at USD 0.71 billion. The report covers the Virtual Sensor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Virtual Sensor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Virtual Sensor Market Share

Statistics for the 2023 & 2024 Virtual Sensor market share, created by Mordor Intelligence™ Industry Reports. Virtual Sensor share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Virtual Sensor Industry

The virtual sensors industry is marked by a diverse mix of large international firms and smaller, medium-sized businesses, resulting in a highly fragmented market. Leading companies in this sector include Schneider Electric SE, Elliptic Labs ASA, Modelway SRL, Cisco Systems Inc., and General Electric Company. These companies are engaging in strategies like forming partnerships and pursuing acquisitions to expand their product ranges and secure a competitive edge in the market.

March 2024 - Elliptic Labs announced that it is currently deployed in over 500 million devices and is shipping the AIAVirtual Proximity Sensor INNER BEAUTYon Vivo’s V30 smartphone.
January 2024 - IntelliDynamics announced that a gas producer in Eastern Europe has renewed its support and maintenance for its Intellect systems. IntelliDynamics will Provide virtual metering and hydrate inhibitor estimation. The system tells them in real-time how much gas, condensate, and water they are producing and calculates the amount of methanol/ethanol hydrate inhibitor to inject in multiple points in their production train and central processing to prevent their system from icing up.