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Virtual Sensors Market Size, Share & Trends Analysis Report By Component, By Deployment, By End-use, By Region, And Segment Forecasts, 2025 - 2030

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  • 100 Pages
  • December 2024
  • Region: Global
  • Grand View Research
  • ID: 6041024
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Virtual Sensors Market Growth & Trends

The global virtual sensors market size is estimated to reach USD 4.7 billion by 2030, registering a CAGR of 27.9% from 2025 to 2030. Growing use of virtual sensors in the human activity recognition and in the healthcare domain is driving the market. Implementation of cloud platforms integrated with IoT applications is driving the market growth.

A virtual sensor is expected to achieve multiple objectives built for a specific purpose and result in a meta-analysis about its environment. These circuits can range from very simple to very complex design and undergo changes to produce a desired output. The device is an intangible form of sensor which is activated via two kinds of input, one from user and other from physical sensor. However, virtual sensors, in terms of capabilities are much beyond physical devices that can work individually and collectively irrespective of their physical counterparts.

Trends such as new product launches and agreements are likely to be witnessed in the market. In order to enhance industrial facilities, GE offers virtual sensors to reliantly work on predix, which is a cloud-based platform mainly used in the industrial space. Moreover, Siemens AG is working on digital twin technology for the development of virtual sensing solution for its customers. Siemens AG has developed Simcenter solution that is combining the system simulation and 3D CAE for predicting the performance parameters earlier and throughout the product lifecycle.

The solutions segment is expected to witness largest virtual sensors market share over the forecast period. This is attributed to advent of industry 4.0 and rising demand for cloud-based solutions in the manufacturing facilities. Such solutions are anticipated to promote the robot guidance operations by sensing and reducing accidents.

The market in Asia Pacific offers lucrative growth opportunities in terms of technology output, competitive advantage, and relevancy. In addition, the market witnesses a high influx of investments by stakeholders in various verticals pertaining to product development. Compliance policies and government regulations are pivotal in creating a sustainable market development. North America is expected to hold largest market share over the forecast period. This is attributed to rising demand for IoT cloud models and continuous innovations in the field of VR. In addition, growing adoption of advanced technologies among the companies in the region is driving the market growth.

Virtual Sensors Market Report Highlights

  • The service segment is anticipated to witness higher CAGR over the forecast period, owing to growing training and consulting activities for imparting significant knowledge and advantages of virtual sensors
  • The cloud deployment segment is expected to grow at a highest CAGR during the forecast period, as organizations seek greater flexibility and scalability in their operations
  • By end-use, the aerospace & defense segment is expected to grow at the fastest CAGR over the forecast period, as technological advancements create new opportunities for virtual sensors in applications such as predictive maintenance and safety monitoring.

Why should you buy this report?

  • Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players worldwide.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segment and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listing for you to stay ahead of the curve
  • COVID-19's impact and how to sustain in these fast-evolving markets

This product will be delivered within 1-3 business days.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources and Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation and Data Visualization
1.6. Data Validation and Publishing
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3. Virtual Sensors Market Variables, Trends and Scope
3.1. Market Lineage Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.2.3. Industry Challenge
3.3. Industry Analysis Tools
3.3.1. PORTER’s Analysis
3.3.1.1. Bargaining power of the suppliers
3.3.1.2. Bargaining power of the buyers
3.3.1.3. Threats of substitution
3.3.1.4. Threats from new entrants
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Economic and social landscape
3.3.2.3. Technological landscape
Chapter 4. Virtual Sensors Market: Component Estimates and Trend Analysis
4.1. Virtual Sensors Market, By Component: Key Takeaways
4.2. Component Movement Analysis and Market Share, 2024 and 2030
4.3. Market Estimates and Forecasts, By Component, 2018 - 2030 (USD Million)
4.3.1. Solutions
4.3.1.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.3.2. Services
4.3.2.1. Market Revenue Estimates and Forecasts, 2018 - 2030(USD Million)
Chapter 5. Virtual Sensors Market: Deployment Estimates and Trend Analysis
5.1. Virtual Sensors Market, By Deployment: Key Takeaways
5.2. Deployment Movement Analysis and Market Share, 2024 and 2030
5.3. Market Estimates and Forecasts, By Deployment, 2018 - 2030 (USD Million)
5.3.1. Cloud
5.3.1.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.3.2. On-Premise
5.3.2.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Virtual Sensors Market: End Use Estimates and Trend Analysis
6.1. Virtual Sensors Market, By End Use: Key Takeaways
6.2. End Use Movement Analysis and Market Share, 2024 and 2030
6.3. Market Estimates and Forecasts, By End Use, 2018 - 2030 (USD Million)
6.3.1. Oil & Gas
6.3.1.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.3.2. Aerospace & Defense
6.3.2.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.3.3. Automotive & Transportation
6.3.3.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.3.4. Healthcare
6.3.4.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.3.5. Manufacturing & Utilities
6.3.5.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.3.6. Electronics
6.3.6.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.3.7. Others
6.3.7.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Virtual Sensors Market: Regional Estimates and Trend Analysis
7.1. Virtual Sensors Market: Regional Outlook
7.2. Regional Marketplaces: Key Takeaways
7.3. Market Estimates and Forecasts, by Region, 2018 - 2030 (USD Million)
7.4. North America
7.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4.2. U.S.
7.4.2.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4.3. Canada
7.4.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4.4. Mexico
7.4.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5. Europe
7.5.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5.2. UK
7.5.2.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5.3. Germany
7.5.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5.4. France
7.5.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.6. Asia Pacific
7.6.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.6.2. China
7.6.2.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.6.3. Japan
7.6.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.6.4. India
7.6.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.6.5. Australia
7.6.5.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.6.6. South Korea
7.6.6.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.7. Latin America
7.7.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.7.2. Brazil
7.7.2.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.8. Middle East and Africa
7.8.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.8.2. UAE
7.8.2.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.8.3. Saudi Arabia
7.8.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.8.4. South Africa
7.8.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
8.1. Company Categorization
8.2. Company Market Positioning
8.3. Company Heat Map Analysis
8.4. Company Profiles/Listing
8.4.1. Siemens
8.4.1.1. Company Overview
8.4.1.2. Financial Performance
8.4.1.3. Component Portfolio
8.4.1.4. Recent Developments/ Strategic Initiatives
8.4.2. General Electric Company
8.4.2.1. Company Overview
8.4.2.2. Financial Performance
8.4.2.3. Component Portfolio
8.4.2.4. Recent Developments/ Strategic Initiatives
8.4.3. Schneider Electric
8.4.3.1. Company Overview
8.4.3.2. Financial Performance
8.4.3.3. Component Portfolio
8.4.3.4. Recent Developments/ Strategic Initiatives
8.4.4. Aspen Technology, Inc.
8.4.4.1. Company Overview
8.4.4.2. Financial Performance
8.4.4.3. Component Portfolio
8.4.4.4. Recent Developments/ Strategic Initiatives
8.4.5. Rockwell Automation
8.4.5.1. Company Overview
8.4.5.2. Financial Performance
8.4.5.3. Component Portfolio
8.4.5.4. Recent Developments/ Strategic Initiatives
8.4.6. Honeywell International Inc.
8.4.6.1. Company Overview
8.4.6.2. Financial Performance
8.4.6.3. Component Portfolio
8.4.6.4. Recent Developments/ Strategic Initiatives
8.4.7. ABB.
8.4.7.1. Company Overview
8.4.7.2. Financial Performance
8.4.7.3. Component Portfolio
8.4.7.4. Recent Developments/ Strategic Initiatives
8.4.8. Emerson Electric Co.
8.4.8.1. Company Overview
8.4.8.2. Financial Performance
8.4.8.3. Component Portfolio
8.4.8.4. Recent Developments/ Strategic Initiatives
8.4.9. Cisco Systems, Inc.
8.4.9.1. Company Overview
8.4.9.2. Financial Performance
8.4.9.3. Component Portfolio
8.4.9.4. Recent Developments/ Strategic Initiatives
8.4.10. Endress+Hauser Group Services AG.
8.4.10.1. Company Overview
8.4.10.2. Financial Performance
8.4.10.3. Component Portfolio
8.4.10.4. Recent Developments/ Strategic Initiatives
List of Tables
Table 1. Global virtual sensors market: Key market driver analysis
Table 2. Global virtual sensors market: Key market restraint analysis
Table 3. Global virtual sensors market estimates and forecast, by component (USD Million)
Table 4. Global virtual sensors market estimates and forecast, by deployment (USD Million)
Table 5. Global virtual sensors market estimates and forecast, by end use (USD Million)
Table 6. Global Virtual sensors market estimates and forecast, by region (USD Million)
Table 7. North America Virtual sensors market estimates and forecast, by country, 2018 - 2030 (USD Million)
Table 8. North America virtual sensors market estimates and forecast, by component, 2018 - 2030 (USD Million)
Table 9. North America virtual sensors market estimates and forecast, by deployment, 2018 - 2030 (USD Million)
Table 10. North America virtual sensors market estimates and forecast, by end use, 2018 - 2030 (USD Million)
Table 11. U.S. virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Table 12. U.S. virtual sensors market estimates and forecast, by component, 2018 - 2030 (USD Million)
Table 13. U.S. virtual sensors market estimates and forecast, by deployment, 2018 - 2030 (USD Million)
Table 14. U.S. virtual sensors market estimates and forecast, by end use, 2018 - 2030 (USD Million)
Table 15. Canada virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Table 16. Canada virtual sensors market estimates and forecast, by component, 2018 - 2030 (USD Million)
Table 17. Canada virtual sensors market estimates and forecast, by deployment, 2018 - 2030 (USD Million)
Table 18. Canada virtual sensors market estimates and forecast, by end use, 2018 - 2030 (USD Million)
Table 19. Mexico virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Table 20. Mexico virtual sensors market estimates and forecast, by component, 2018 - 2030 (USD Million)
Table 21. Mexico virtual sensors market estimates and forecast, by deployment, 2018 - 2030 (USD Million)
Table 22. Mexico virtual sensors market estimates and forecast, by end use, 2018 - 2030 (USD Million)
Table 23. Europe virtual sensors market estimates and forecast, by country, 2018 - 2030 (USD Million)
Table 24. Europe virtual sensors market estimates and forecast, by component, 2018 - 2030 (USD Million)
Table 25. Europe virtual sensors market estimates and forecast, by deployment, 2018 - 2030 (USD Million)
Table 26. Europe virtual sensors market estimates and forecast, by end use, 2018 - 2030 (USD Million)
Table 27. UK virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Table 28. UK virtual sensors market estimates and forecast, by component, 2018 - 2030 (USD Million)
Table 29. UK virtual sensors market estimates and forecast, by deployment, 2018 - 2030 (USD Million)
Table 30. UK virtual sensors market estimates and forecast, by end use, 2018 - 2030 (USD Million)
Table 31. Germany virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Table 32. Germany virtual sensors market estimates and forecast, by component, 2018 - 2030 (USD Million)
Table 33. Germany virtual sensors market estimates and forecast, by deployment, 2018 - 2030 (USD Million)
Table 34. Germany virtual sensors market estimates and forecast, by end use, 2018 - 2030 (USD Million)
Table 35. France virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Table 36. France virtual sensors market estimates and forecast, by component, 2018 - 2030 (USD Million)
Table 37. France virtual sensors market estimates and forecast, by deployment, 2018 - 2030 (USD Million)
Table 38. France virtual sensors market estimates and forecast, by end use, 2018 - 2030 (USD Million)
Table 39. Asia Pacific virtual sensors market estimates and forecast, by country, 2018 - 2030 (USD Million)
Table 40. Asia Pacific virtual sensors market estimates and forecast, by component, 2018 - 2030 (USD Million)
Table 41. Asia Pacific virtual sensors market estimates and forecast, by deployment, 2018 - 2030 (USD Million)
Table 42. Asia Pacific virtual sensors market estimates and forecast, by end use, 2018 - 2030 (USD Million)
Table 43. China virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Table 44. China virtual sensors market estimates and forecast, by component, 2018 - 2030 (USD Million)
Table 45. China virtual sensors market estimates and forecast, by deployment, 2018 - 2030 (USD Million)
Table 46. China virtual sensors market estimates and forecast, by end use, 2018 - 2030 (USD Million)
Table 47. India virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Table 48. India virtual sensors market estimates and forecast, by component, 2018 - 2030 (USD Million)
Table 49. India virtual sensors market estimates and forecast, by deployment, 2018 - 2030 (USD Million)
Table 50. India virtual sensors market estimates and forecast, by end use, 2018 - 2030 (USD Million)
Table 51. Japan virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Table 52. Japan virtual sensors market estimates and forecast, by component, 2018 - 2030 (USD Million)
Table 53. Japan virtual sensors market estimates and forecast, by deployment, 2018 - 2030 (USD Million)
Table 54. Japan virtual sensors market estimates and forecast, by end use, 2018 - 2030 (USD Million)
Table 55. Australia virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Table 56. Australia virtual sensors market estimates and forecast, by component, 2018 - 2030 (USD Million)
Table 57. Australia virtual sensors market estimates and forecast, by deployment, 2018 - 2030 (USD Million)
Table 58. Australia virtual sensors market estimates and forecast, by end use, 2018 - 2030 (USD Million)
Table 59. South Korea virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Table 60. South Korea virtual sensors market estimates and forecast, by component, 2018 - 2030 (USD Million)
Table 61. South Korea virtual sensors market estimates and forecast, by deployment, 2018 - 2030 (USD Million)
Table 62. South Korea virtual sensors market estimates and forecast, by end use, 2018 - 2030 (USD Million)
Table 63. Latin America virtual sensors market estimates and forecast, by country, 2018 - 2030 (USD Million)
Table 64. Latin America virtual sensors market estimates and forecast, by component, 2018 - 2030 (USD Million)
Table 65. Latin America virtual sensors market estimates and forecast, by deployment, 2018 - 2030 (USD Million)
Table 66. Latin America virtual sensors market estimates and forecast, by end use, 2018 - 2030 (USD Million)
Table 67. Brazil virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Table 68. Brazil virtual sensors market estimates and forecast, by component, 2018 - 2030 (USD Million)
Table 69. Brazil virtual sensors market estimates and forecast, by deployment, 2018 - 2030 (USD Million)
Table 70. Brazil virtual sensors market estimates and forecast, by end use, 2018 - 2030 (USD Million)
Table 71. Middle East and Africa virtual sensors market estimates and forecast, by country, 2018 - 2030 (USD Million)
Table 72. Middle East and Africa virtual sensors market estimates and forecast, by component, 2018 - 2030 (USD Million)
Table 73. Middle East and Africa virtual sensors market estimates and forecast, by deployment, 2018 - 2030 (USD Million)
Table 74. Middle East and Africa virtual sensors market estimates and forecast, by end use, 2018 - 2030 (USD Million)
Table 75. UAE virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Table 76. UAE virtual sensors market estimates and forecast, by component, 2018 - 2030 (USD Million)
Table 77. UAE virtual sensors market estimates and forecast, by deployment, 2018 - 2030 (USD Million)
Table 78. UAE virtual sensors market estimates and forecast, by end use, 2018 - 2030 (USD Million)
Table 79. Saudi Arabia virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Table 80. Saudi Arabia virtual sensors market estimates and forecast, by component, 2018 - 2030 (USD Million)
Table 81. Saudi Arabia virtual sensors market estimates and forecast, by deployment, 2018 - 2030 (USD Million)
Table 82. Saudi Arabia virtual sensors market estimates and forecast, by end use, 2018 - 2030 (USD Million)
Table 83. South Africa virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Table 84. South Africa virtual sensors market estimates and forecast, by component, 2018 - 2030 (USD Million)
Table 85. South Africa virtual sensors market estimates and forecast, by deployment, 2018 - 2030 (USD Million)
Table 86. South Africa virtual sensors market estimates and forecast, by end use, 2018 - 2030 (USD Million)
Table 87. Recent developments and impact analysis, by key market participants
Table 88. Company heat map analysis, 2024
Table 89. Companies implementing key strategies
List of Figures
Fig. 1 Virtual sensors market segmentation
Fig. 2 Market research process
Fig. 3 Information procurement
Fig. 4 Primary research pattern
Fig. 5 Market research approaches
Fig. 6 Value chain-based sizing and forecasting
Fig. 7 Parent market analysis
Fig. 8 Market formulation and validation
Fig. 9 Virtual sensors market snapshot
Fig. 10 Virtual sensors market segment snapshot
Fig. 11 Virtual sensors market competitive landscape snapshot
Fig. 12 Market research process
Fig. 13 Market driver relevance analysis (Current and future impact)
Fig. 14 Market restraint relevance analysis (Current and future impact)
Fig. 15 Virtual sensors market: Component outlook key takeaways (USD Million)
Fig. 16 Virtual sensors market: Component movement analysis 2024 & 2030 (USD Million)
Fig. 17 Virtual sensors market estimates and forecast, by component (USD Million)
Fig. 18 Solutions market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 19 Services market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 20 Virtual sensors market: Deployment outlook key takeaways (USD Million)
Fig. 21 Virtual sensors market: Deployment movement analysis 2024 & 2030 (USD Million)
Fig. 22 Virtual sensors market estimates and forecast, by deployment (USD Million)
Fig. 23 Cloud market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 24 On-premise market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 25 Virtual sensors market: End use outlook key takeaways (USD Million)
Fig. 26 Virtual sensors market: End use movement analysis 2024 & 2030 (USD Million)
Fig. 27 Virtual sensors market estimates and forecast, by end use (USD Million)
Fig. 28 Aerospace & defense market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 29 Automotive & transportation market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 30 Oil & Gas market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 31 Healthcare market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 32 Manufacturing & utilities market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 33 Electronics market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 34 Others market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 35 Regional marketplace: Key takeaways
Fig. 36 North America virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 37 US virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 38 Canada virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 39 Mexico virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 40 Europe virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 41 Germany virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 42 UK virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 43 France virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 44 Asia Pacific virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 45 China virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 46 India virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 47 Japan virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 48 Australia virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 49 South Korea virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 50 Latin America virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 51 Brazil virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 52 Middle East and Africa virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 53 UAE virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 54 Saudi Arabia virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 55 South Africa virtual sensors market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 56 Strategy framework
Fig. 57 Company categorization

Companies Mentioned

  • Siemens
  • General Electric Company
  • Schneider Electric
  • Aspen Technology, Inc.
  • Rockwell Automation
  • Honeywell International Inc.
  • ABB
  • Emerson Electric Co.
  • Cisco Systems, Inc.
  • Endress+Hauser Group Services AG

Methodology

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Table Information

Report AttributeDetails
No. of Pages100
PublishedDecember 2024
Forecast Period2024 - 2030
Estimated Market Value ( USD ) in 2024 $ 1.02 billion
Forecasted Market Value ( USD ) by 2030 $ 4.7 billion
Compound Annual Growth Rate27.9%
Regions CoveredGlobal
No. of Companies Mentioned10

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About the Soft Sensor Market

Soft sensors are a type of sensor that measure physical parameters indirectly, using software algorithms to interpret data from other sensors. They are used in a variety of industries, such as automotive, aerospace, and medical, to measure parameters such as temperature, pressure, and flow. Soft sensors are advantageous because they are cost-effective, require minimal maintenance, and can be easily integrated into existing systems. Soft sensors are becoming increasingly popular due to their ability to provide accurate measurements in difficult-to-reach or hazardous environments. They are also used in predictive maintenance, allowing for the early detection of potential problems. Some companies in the soft sensor market include ABB, Siemens, Honeywell, and Emerson Electric. Show Less Read more

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