As artificial intelligence slowly invades the manufacturing processes and factories rely on automation sensors have started invading every space with an outreach to every sphere of activity—right from temperature control to environmental control through predictive maintenance to vibration sensors to health equipment monitoring sensors, tilt sensing or fall detection. Riding on this huge scope of utility, Modor Intelligence report has predicted India Industrial Sensors and Transmitters Market to register a CAGR of 7.1% between 2022- 2027.
While the high installation costs of sensors and intelligent add-ons may initially cause lesser adoption, the deployment of Internet of Things technology in the industrial field has resulted in the Industrial IoT becoming the development direction and trend.
The growth of sensor market and requirement of quality sensor instrumentation has prompted the Digital University Kerala (DUK), in association with the Centre for Materials for Electronics Technology (C-MET), to set up the country’s first Centre of Excellence in Intelligent Internet of Things (IIoT) sensors near Kochi. The step goes onto indicate how big the sensor market is about to get and how much adaptive changes every sphere of mechanisation will face, especially after being adopted by the government offices also.
The Industrial Sensors and Transmitters Market in India has a few players in the market, who are not only seeking to expand market presence through strategic mergers and acquisitions but also competing with each other on research and innovation. As industry imbibes sensors powered by AI based on algorithms, the market is expected to witness dynamic changes and adaptions—thus expanding the scope of applicability of sensors in various fields.