Sensors are the key technology for intelligent machines and plants in networked production. As the most important data supplier, they enable the digitization of the entire value chain.
Few developments have changed the world of work as much as digitalization. The main drivers of change are ubiquitous connectivity and the use of sensors to monitor real operating conditions.
As a result, expectations for the growth industry of sensor technology are high. For example, analysts at Precedence Research expect the global sensor market to grow from $204.80 billion in 2022 to $508.64 billion in 2032, at a CAGR of 8.4 percent.
The consumer and automotive sectors generate huge volumes. But in the heterogeneous industrial sensor market, much smaller lot sizes are driving up manufacturing and development costs, and thus prices. In addition, miniaturization, high-speed data transmission and ruggedness are dominating the requirements for industrial sensors. Last but not least, they are becoming increasingly intelligent. Supported by microcontrollers (MCU) and digital signal processors (DSP), measurement acquisition is followed by internal processing. As a result, in addition to the actual transducer, diagnostic functions, remote maintenance, connectivity, and computing power are housed in the same enclosure. Despite the increasing number of functions, the size of the housing should not increase.
The big challenge for the user is to select the relevant data points and the appropriate sensor technology for each application, and to extract information from the data that generates real added value.