Virtual sensing techniques, also called soft sensing, proxy sensing, inferential sensing, or surrogate sensing, are used to provide feasible and economical alternatives to costly or impractical physical measurement instrument. A Virtual Sensor uses information available from other measurements and process parameters to calculate an estimate of the quantity of interest.
The “Virtual Sensors Industry Forecast” looks at past sales and reviews total world Virtual Sensors sales in 2022, providing a comprehensive analysis by region and market sector of projected Virtual Sensors sales for 2023 through 2029. With Virtual Sensors sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Virtual Sensors industry.
This Insight Report provides a comprehensive analysis of the global Virtual Sensors landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Virtual Sensors portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Virtual Sensors market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Virtual Sensors and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Virtual Sensors.
The global Virtual Sensors market size is projected to grow from US$ 198.7 million in 2022 to US$ 600.5 million in 2029; it is expected to grow at a CAGR of 17.1% from 2023 to 2029.
United States market for Virtual Sensors is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
China market for Virtual Sensors is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
Europe market for Virtual Sensors is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
Global key Virtual Sensors players cover General Electric, Siemens, Cisco, Honeywell, Schneider Electric, Elliptic Labs, Exputec, TACTILE MOBILITY and IntelliDynamics, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.
This report presents a comprehensive overview, market shares, and growth opportunities of Virtual Sensors market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Cloud-based
On-premise
Segmentation by application
Utilities
Oil and Gas
Manufacturing
Automotive and Transportation
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
General Electric
Siemens
Cisco
Honeywell
Schneider Electric
Elliptic Labs
Exputec
TACTILE MOBILITY
IntelliDynamics
ANDATA
Aspen Technology
OSIsoft
Modelway
LMI Technologies
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Virtual Sensors Market Size 2018-2029
2.1.2 Virtual Sensors Market Size CAGR by Region 2018 VS 2022 VS 2029
2.2 Virtual Sensors Segment by Type
2.2.1 Cloud-based
2.2.2 On-premise
2.3 Virtual Sensors Market Size by Type
2.3.1 Virtual Sensors Market Size CAGR by Type (2018 VS 2022 VS 2029)
2.3.2 Global Virtual Sensors Market Size Market Share by Type (2018-2023)
2.4 Virtual Sensors Segment by Application
2.4.1 Utilities
2.4.2 Oil and Gas
2.4.3 Manufacturing
2.4.4 Automotive and Transportation
2.4.5 Others
2.5 Virtual Sensors Market Size by Application
2.5.1 Virtual Sensors Market Size CAGR by Application (2018 VS 2022 VS 2029)
2.5.2 Global Virtual Sensors Market Size Market Share by Application (2018-2023)
3 Virtual Sensors Market Size by Player
3.1 Virtual Sensors Market Size Market Share by Players
3.1.1 Global Virtual Sensors Revenue by Players (2018-2023)
3.1.2 Global Virtual Sensors Revenue Market Share by Players (2018-2023)
3.2 Global Virtual Sensors Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2021-2023)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Virtual Sensors by Regions
4.1 Virtual Sensors Market Size by Regions (2018-2023)
4.2 Americas Virtual Sensors Market Size Growth (2018-2023)
4.3 APAC Virtual Sensors Market Size Growth (2018-2023)
4.4 Europe Virtual Sensors Market Size Growth (2018-2023)
4.5 Middle East & Africa Virtual Sensors Market Size Growth (2018-2023)
5 Americas
5.1 Americas Virtual Sensors Market Size by Country (2018-2023)
5.2 Americas Virtual Sensors Market Size by Type (2018-2023)
5.3 Americas Virtual Sensors Market Size by Application (2018-2023)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Virtual Sensors Market Size by Region (2018-2023)
6.2 APAC Virtual Sensors Market Size by Type (2018-2023)
6.3 APAC Virtual Sensors Market Size by Application (2018-2023)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Virtual Sensors by Country (2018-2023)
7.2 Europe Virtual Sensors Market Size by Type (2018-2023)
7.3 Europe Virtual Sensors Market Size by Application (2018-2023)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Virtual Sensors by Region (2018-2023)
8.2 Middle East & Africa Virtual Sensors Market Size by Type (2018-2023)
8.3 Middle East & Africa Virtual Sensors Market Size by Application (2018-2023)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Virtual Sensors Market Forecast
10.1 Global Virtual Sensors Forecast by Regions (2024-2029)
10.1.1 Global Virtual Sensors Forecast by Regions (2024-2029)
10.1.2 Americas Virtual Sensors Forecast
10.1.3 APAC Virtual Sensors Forecast
10.1.4 Europe Virtual Sensors Forecast
10.1.5 Middle East & Africa Virtual Sensors Forecast
10.2 Americas Virtual Sensors Forecast by Country (2024-2029)
10.2.1 United States Virtual Sensors Market Forecast
10.2.2 Canada Virtual Sensors Market Forecast
10.2.3 Mexico Virtual Sensors Market Forecast
10.2.4 Brazil Virtual Sensors Market Forecast
10.3 APAC Virtual Sensors Forecast by Region (2024-2029)
10.3.1 China Virtual Sensors Market Forecast
10.3.2 Japan Virtual Sensors Market Forecast
10.3.3 Korea Virtual Sensors Market Forecast
10.3.4 Southeast Asia Virtual Sensors Market Forecast
10.3.5 India Virtual Sensors Market Forecast
10.3.6 Australia Virtual Sensors Market Forecast
10.4 Europe Virtual Sensors Forecast by Country (2024-2029)
10.4.1 Germany Virtual Sensors Market Forecast
10.4.2 France Virtual Sensors Market Forecast
10.4.3 UK Virtual Sensors Market Forecast
10.4.4 Italy Virtual Sensors Market Forecast
10.4.5 Russia Virtual Sensors Market Forecast
10.5 Middle East & Africa Virtual Sensors Forecast by Region (2024-2029)
10.5.1 Egypt Virtual Sensors Market Forecast
10.5.2 South Africa Virtual Sensors Market Forecast
10.5.3 Israel Virtual Sensors Market Forecast
10.5.4 Turkey Virtual Sensors Market Forecast
10.5.5 GCC Countries Virtual Sensors Market Forecast
10.6 Global Virtual Sensors Forecast by Type (2024-2029)
10.7 Global Virtual Sensors Forecast by Application (2024-2029)
11 Key Players Analysis
11.1 General Electric
11.1.1 General Electric Company Information
11.1.2 General Electric Virtual Sensors Product Offered
11.1.3 General Electric Virtual Sensors Revenue, Gross Margin and Market Share (2018-2023)
11.1.4 General Electric Main Business Overview
11.1.5 General Electric Latest Developments
11.2 Siemens
11.2.1 Siemens Company Information
11.2.2 Siemens Virtual Sensors Product Offered
11.2.3 Siemens Virtual Sensors Revenue, Gross Margin and Market Share (2018-2023)
11.2.4 Siemens Main Business Overview
11.2.5 Siemens Latest Developments
11.3 Cisco
11.3.1 Cisco Company Information
11.3.2 Cisco Virtual Sensors Product Offered
11.3.3 Cisco Virtual Sensors Revenue, Gross Margin and Market Share (2018-2023)
11.3.4 Cisco Main Business Overview
11.3.5 Cisco Latest Developments
11.4 Honeywell
11.4.1 Honeywell Company Information
11.4.2 Honeywell Virtual Sensors Product Offered
11.4.3 Honeywell Virtual Sensors Revenue, Gross Margin and Market Share (2018-2023)
11.4.4 Honeywell Main Business Overview
11.4.5 Honeywell Latest Developments
11.5 Schneider Electric
11.5.1 Schneider Electric Company Information
11.5.2 Schneider Electric Virtual Sensors Product Offered
11.5.3 Schneider Electric Virtual Sensors Revenue, Gross Margin and Market Share (2018-2023)
11.5.4 Schneider Electric Main Business Overview
11.5.5 Schneider Electric Latest Developments
11.6 Elliptic Labs
11.6.1 Elliptic Labs Company Information
11.6.2 Elliptic Labs Virtual Sensors Product Offered
11.6.3 Elliptic Labs Virtual Sensors Revenue, Gross Margin and Market Share (2018-2023)
11.6.4 Elliptic Labs Main Business Overview
11.6.5 Elliptic Labs Latest Developments
11.7 Exputec
11.7.1 Exputec Company Information
11.7.2 Exputec Virtual Sensors Product Offered
11.7.3 Exputec Virtual Sensors Revenue, Gross Margin and Market Share (2018-2023)
11.7.4 Exputec Main Business Overview
11.7.5 Exputec Latest Developments
11.8 TACTILE MOBILITY
11.8.1 TACTILE MOBILITY Company Information
11.8.2 TACTILE MOBILITY Virtual Sensors Product Offered
11.8.3 TACTILE MOBILITY Virtual Sensors Revenue, Gross Margin and Market Share (2018-2023)
11.8.4 TACTILE MOBILITY Main Business Overview
11.8.5 TACTILE MOBILITY Latest Developments
11.9 IntelliDynamics
11.9.1 IntelliDynamics Company Information
11.9.2 IntelliDynamics Virtual Sensors Product Offered
11.9.3 IntelliDynamics Virtual Sensors Revenue, Gross Margin and Market Share (2018-2023)
11.9.4 IntelliDynamics Main Business Overview
11.9.5 IntelliDynamics Latest Developments
11.10 ANDATA
11.10.1 ANDATA Company Information
11.10.2 ANDATA Virtual Sensors Product Offered
11.10.3 ANDATA Virtual Sensors Revenue, Gross Margin and Market Share (2018-2023)
11.10.4 ANDATA Main Business Overview
11.10.5 ANDATA Latest Developments
11.11 Aspen Technology
11.11.1 Aspen Technology Company Information
11.11.2 Aspen Technology Virtual Sensors Product Offered
11.11.3 Aspen Technology Virtual Sensors Revenue, Gross Margin and Market Share (2018-2023)
11.11.4 Aspen Technology Main Business Overview
11.11.5 Aspen Technology Latest Developments
11.12 OSIsoft
11.12.1 OSIsoft Company Information
11.12.2 OSIsoft Virtual Sensors Product Offered
11.12.3 OSIsoft Virtual Sensors Revenue, Gross Margin and Market Share (2018-2023)
11.12.4 OSIsoft Main Business Overview
11.12.5 OSIsoft Latest Developments
11.13 Modelway
11.13.1 Modelway Company Information
11.13.2 Modelway Virtual Sensors Product Offered
11.13.3 Modelway Virtual Sensors Revenue, Gross Margin and Market Share (2018-2023)
11.13.4 Modelway Main Business Overview
11.13.5 Modelway Latest Developments
11.14 LMI Technologies
11.14.1 LMI Technologies Company Information
11.14.2 LMI Technologies Virtual Sensors Product Offered
11.14.3 LMI Technologies Virtual Sensors Revenue, Gross Margin and Market Share (2018-2023)
11.14.4 LMI Technologies Main Business Overview
11.14.5 LMI Technologies Latest Developments
12 Research Findings and Conclusion
*If Applicable.