2024 Instrumentation and Sensors Industry Insights: A Market Review by BCC Research

Discover the Reasons for the Meteoric Growth in Temperature Sensors, Expanding Sensor Markets, and Environmental Sensing Technologies”

/EIN News/ -- Boston, April 09, 2025 (GLOBE NEWSWIRE) -- BCC Research is excited to announce the release of its "2024 Instrumentation & Sensors Research Review," offering an in-depth analysis of the global market for sensors and instrumentation technologies. This review provides readers with insights into the market trends, growth projections, and technological advances shaping the industry's future.

The report highlights the significant growth potential and evolving applications of these critical components in modern technology.

Key Highlights:

• Temperature Sensors Market:
  • The market is projected to grow from $7.3 billion in 2023 to $9.0 billion by the end of 2028.
  • Compound Annual Growth Rate (CAGR): 4.3%.

• Sensors Market:
  • The market is projected to grow from $179.7 billion in 2023 to $300.5 billion by the end of 2029.
  • Compound Annual Growth Rate (CAGR): 8.9%.

• Environmental Sensing and Monitoring Technologies Market:
  • The market is projected to grow from $31.3 billion in 2024 to $41.4 billion by the end of 2029.
  • Compound Annual Growth Rate (CAGR): 5.7%.

Research Coverage and Insights:
The 2024 Instrumentation and Sensors Research Review focuses on the growing demand for high-quality sensors driven by industrial needs and the importance of reliable data for automation and AI development. Key points include:

1. Essential Elements in Technology Products:

• Instrumentation and sensors are integral to most of today’s technological products.
• Applications range from basic home appliances to advanced manufacturing and factory automation systems.

2. Impact of Micro-Technology:

• Micro-technology has transformed the electronics industry.
• Miniaturization is now a standard feature in many systems.

3. Industrial Growth and Sensor Use:

• Increasing industrial demands indicate substantial growth potential for sensors.

4. Rising Demand for High-Quality Sensors:

• The need for high-quality sensors is expanding across various applications.
• Manufacturer competition is rapidly driving sensor prices down.

5. Reliability and Cost Considerations:

• Reliability is prioritized over cost in sensor applications.
• The effectiveness of sensors in automation depends on accurate data collection of physical characteristics.

6. Role in AI Development:

• Accurate datasets from sensors are essential for developing AI technologies.
• Future sensors will be more intelligent and precise, benefiting from AI model training for categorization and regression tasks.

Research Summary:
The 2024 Instrumentation and Sensors Research Review offers a snapshot of the quantitative market data, analysis, and guidance that BCC Research has provided since 1971. This review includes highlights from the following reports published by BCC Research in 2024:

• IAS072C Temperature Sensors: Global Markets.
• IAS006P Sensors: Technologies and Global Markets.
• IAS030E Environmental Sensing and Monitoring Technologies: Global Markets.
• PHO010D Fiber Optic Sensors: Global Markets.

After accessing this Research Review and benefiting from its insight, we encourage you to explore the full portfolio of market research reports for a deeper understanding of each topic. BCC Research remains your trusted partner in market intelligence, committed to supporting your future insights and decisions.

For further information or any of the reports or to make a purchase, please get in touch with info@bccresearch.com.    

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