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.
Market Analysis and Insights: Global Virtual Sensors Market
The global Virtual Sensors market is projected to grow from US$ 245 million in 2024 to US$ 612.5 million by 2030, at a Compound Annual Growth Rate (CAGR) of 16.5% during the forecast period.
The US & Canada market for Virtual Sensors is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.
The China market for Virtual Sensors is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.
The Europe market for Virtual Sensors is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.
The global key companies of Virtual Sensors include General Electric, Siemens, Cisco, Honeywell, Schneider Electric, Elliptic Labs, Exputec, TACTILE MOBILITY and IntelliDynamics, etc. In 2023, the global top five players had a share approximately % in terms of revenue.
Virtual Sensors is widely used in various fields, such as Utilities, Oil and Gas, Manufacturing and Automotive and Transportation, etc. Utilities provides greatest supports to the Virtual Sensors industry development. In 2023, global % revenue of Virtual Sensors went into Utilities filed and the proportion will reach to % in 2030.
Report Covers:
This report presents an overview of global market for Virtual Sensors market size. Analyses of the global market trends, with historic market revenue data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.
This report researches the key producers of Virtual Sensors, also provides the revenue of main regions and countries. Highlights of the upcoming market potential for Virtual Sensors, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Virtual Sensors revenue, market share and industry ranking of main companies, data from 2019 to 2024. Identification of the major stakeholders in the global Virtual Sensors market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, revenue, and growth rate, from 2019 to 2030. Evaluation and forecast the market size for Virtual Sensors revenue, projected growth trends, production technology, application and end-user industry.
Market Segmentation
By Company
General Electric
Siemens
Cisco
Honeywell
Schneider Electric
Elliptic Labs
Exputec
TACTILE MOBILITY
IntelliDynamics
ANDATA
Aspen Technology
OSIsoft
Modelway
LMI Technologies
Segment by Type
Cloud-based
On-premise
Segment by Application
Utilities
Oil and Gas
Manufacturing
Automotive and Transportation
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
China
Asia (excluding China)
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Brazil
Mexico
Turkey
Israel
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Revenue of Virtual Sensors in global and regional level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world. This section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Virtual Sensors companies鈥� competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: North America (US & Canada) by Type, by Application and by country, revenue for each segment.
Chapter 7: Europe by Type, by Application and by country, revenue for each segment.
Chapter 8: China by Type, and by Application, revenue for each segment.
Chapter 9: Asia (excluding China) by Type, by Application and by region, revenue for each segment.
Chapter 10: Middle East, Africa, and Latin America by Type, by Application and by country, revenue for each segment.
Chapter 11: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Virtual Sensors revenue, gross margin, and recent development, etc.
Chapter 12: Analyst's Viewpoints/Conclusions
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1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Virtual Sensors Market Size Growth Rate by Type, 2019 VS 2023 VS 2030
1.2.2 Cloud-based
1.2.3 On-premise
1.3 Market by Application
1.3.1 Global Virtual Sensors Market Size Growth Rate by Application, 2019 VS 2023 VS 2030
1.3.2 Utilities
1.3.3 Oil and Gas
1.3.4 Manufacturing
1.3.5 Automotive and Transportation
1.3.6 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Virtual Sensors Market Perspective (2019-2030)
2.2 Global Virtual Sensors Growth Trends by Region
2.2.1 Virtual Sensors Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Virtual Sensors Historic Market Size by Region (2019-2024)
2.2.3 Virtual Sensors Forecasted Market Size by Region (2025-2030)
2.3 Virtual Sensors Market Dynamics
2.3.1 Virtual Sensors Industry Trends
2.3.2 Virtual Sensors Market Drivers
2.3.3 Virtual Sensors Market Challenges
2.3.4 Virtual Sensors Market Restraints
3 Competition Landscape by Key Players
3.1 Global Revenue Virtual Sensors by Players
3.1.1 Global Virtual Sensors Revenue by Players (2019-2024)
3.1.2 Global Virtual Sensors Revenue Market Share by Players (2019-2024)
3.2 Global Virtual Sensors Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players of Virtual Sensors, Ranking by Revenue, 2022 VS 2023 VS 2024
3.4 Global Virtual Sensors Market Concentration Ratio
3.4.1 Global Virtual Sensors Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Virtual Sensors Revenue in 2023
3.5 Global Key Players of Virtual Sensors Head office and Area Served
3.6 Global Key Players of Virtual Sensors, Product and Application
3.7 Global Key Players of Virtual Sensors, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Virtual Sensors Breakdown Data by Type
4.1 Global Virtual Sensors Historic Market Size by Type (2019-2024)
4.2 Global Virtual Sensors Forecasted Market Size by Type (2025-2030)
5 Virtual Sensors Breakdown Data by Application
5.1 Global Virtual Sensors Historic Market Size by Application (2019-2024)
5.2 Global Virtual Sensors Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Virtual Sensors Market Size (2019-2030)
6.2 North America Virtual Sensors Market Size by Type
6.2.1 North America Virtual Sensors Market Size by Type (2019-2024)
6.2.2 North America Virtual Sensors Market Size by Type (2025-2030)
6.2.3 North America Virtual Sensors Market Share by Type (2019-2030)
6.3 North America Virtual Sensors Market Size by Application
6.3.1 North America Virtual Sensors Market Size by Application (2019-2024)
6.3.2 North America Virtual Sensors Market Size by Application (2025-2030)
6.3.3 North America Virtual Sensors Market Share by Application (2019-2030)
6.4 North America Virtual Sensors Market Size by Country
6.4.1 North America Virtual Sensors Market Size by Country: 2019 VS 2023 VS 2030
6.4.2 North America Virtual Sensors Market Size by Country (2019-2024)
6.4.3 North America Virtual Sensors Market Size by Country (2025-2030)
6.4.4 U.S.
6.4.5 Canada
7 Europe
7.1 Europe Virtual Sensors Market Size (2019-2030)
7.2 Europe Virtual Sensors Market Size by Type
7.2.1 Europe Virtual Sensors Market Size by Type (2019-2024)
7.2.2 Europe Virtual Sensors Market Size by Type (2025-2030)
7.2.3 Europe Virtual Sensors Market Share by Type (2019-2030)
7.3 Europe Virtual Sensors Market Size by Application
7.3.1 Europe Virtual Sensors Market Size by Application (2019-2024)
7.3.2 Europe Virtual Sensors Market Size by Application (2025-2030)
7.3.3 Europe Virtual Sensors Market Share by Application (2019-2030)
7.4 Europe Virtual Sensors Market Size by Country
7.4.1 Europe Virtual Sensors Market Size by Country: 2019 VS 2023 VS 2030
7.4.2 Europe Virtual Sensors Market Size by Country (2019-2024)
7.4.3 Europe Virtual Sensors Market Size by Country (2025-2030)
7.4.3 Germany
7.4.4 France
7.4.5 U.K.
7.4.6 Italy
7.4.7 Russia
7.4.8 Nordic Countries
8 China
8.1 China Virtual Sensors Market Size (2019-2030)
8.2 China Virtual Sensors Market Size by Type
8.2.1 China Virtual Sensors Market Size by Type (2019-2024)
8.2.2 China Virtual Sensors Market Size by Type (2025-2030)
8.2.3 China Virtual Sensors Market Share by Type (2019-2030)
8.3 China Virtual Sensors Market Size by Application
8.3.1 China Virtual Sensors Market Size by Application (2019-2024)
8.3.2 China Virtual Sensors Market Size by Application (2025-2030)
8.3.3 China Virtual Sensors Market Share by Application (2019-2030)
9 Asia (excluding China)
9.1 Asia Virtual Sensors Market Size (2019-2030)
9.2 Asia Virtual Sensors Market Size by Type
9.2.1 Asia Virtual Sensors Market Size by Type (2019-2024)
9.2.2 Asia Virtual Sensors Market Size by Type (2025-2030)
9.2.3 Asia Virtual Sensors Market Share by Type (2019-2030)
9.3 Asia Virtual Sensors Market Size by Application
9.3.1 Asia Virtual Sensors Market Size by Application (2019-2024)
9.3.2 Asia Virtual Sensors Market Size by Application (2025-2030)
9.3.3 Asia Virtual Sensors Market Share by Application (2019-2030)
9.4 Asia Virtual Sensors Market Size by Region
9.4.1 Asia Virtual Sensors Market Size by Region: 2019 VS 2023 VS 2030
9.4.2 Asia Virtual Sensors Market Size by Region (2019-2024)
9.4.3 Asia Virtual Sensors Market Size by Region (2025-2030)
9.4.4 Japan
9.4.5 South Korea
9.4.6 China Taiwan
9.4.7 Southeast Asia
9.4.8 India
9.4.9 Australia
10 Middle East, Africa, and Latin America
10.1 Middle East, Africa, and Latin America Virtual Sensors Market Size (2019-2030)
10.2 Middle East, Africa, and Latin America Virtual Sensors Market Size by Type
10.2.1 Middle East, Africa, and Latin America Virtual Sensors Market Size by Type (2019-2024)
10.2.2 Middle East, Africa, and Latin America Virtual Sensors Market Size by Type (2025-2030)
10.2.3 Middle East, Africa, and Latin America Virtual Sensors Market Share by Type (2019-2030)
10.3 Middle East, Africa, and Latin America Virtual Sensors Market Size by Application
10.3.1 Middle East, Africa, and Latin America Virtual Sensors Market Size by Application (2019-2024)
10.3.2 Middle East, Africa, and Latin America Virtual Sensors Market Size by Application (2025-2030)
10.3.3 Middle East, Africa, and Latin America Virtual Sensors Market Share by Application (2019-2030)
10.4 Middle East, Africa, and Latin America Virtual Sensors Market Size by Country
10.4.1 Middle East, Africa, and Latin America Virtual Sensors Market Size by Country: 2019 VS 2023 VS 2030
10.4.2 Middle East, Africa, and Latin America Virtual Sensors Market Size by Country (2019-2024)
10.4.3 Middle East, Africa, and Latin America Virtual Sensors Market Size by Country (2025-2030)
10.4.4 Brazil
10.4.5 Mexico
10.4.6 Turkey
10.4.7 Saudi Arabia
10.4.8 Israel
10.4.9 GCC Countries
11 Key Players Profiles
11.1 General Electric
11.1.1 General Electric Company Details
11.1.2 General Electric Business Overview
11.1.3 General Electric Virtual Sensors Introduction
11.1.4 General Electric Revenue in Virtual Sensors Business (2019-2024)
11.1.5 General Electric Recent Developments
11.2 Siemens
11.2.1 Siemens Company Details
11.2.2 Siemens Business Overview
11.2.3 Siemens Virtual Sensors Introduction
11.2.4 Siemens Revenue in Virtual Sensors Business (2019-2024)
11.2.5 Siemens Recent Developments
11.3 Cisco
11.3.1 Cisco Company Details
11.3.2 Cisco Business Overview
11.3.3 Cisco Virtual Sensors Introduction
11.3.4 Cisco Revenue in Virtual Sensors Business (2019-2024)
11.3.5 Cisco Recent Developments
11.4 Honeywell
11.4.1 Honeywell Company Details
11.4.2 Honeywell Business Overview
11.4.3 Honeywell Virtual Sensors Introduction
11.4.4 Honeywell Revenue in Virtual Sensors Business (2019-2024)
11.4.5 Honeywell Recent Developments
11.5 Schneider Electric
11.5.1 Schneider Electric Company Details
11.5.2 Schneider Electric Business Overview
11.5.3 Schneider Electric Virtual Sensors Introduction
11.5.4 Schneider Electric Revenue in Virtual Sensors Business (2019-2024)
11.5.5 Schneider Electric Recent Developments
11.6 Elliptic Labs
11.6.1 Elliptic Labs Company Details
11.6.2 Elliptic Labs Business Overview
11.6.3 Elliptic Labs Virtual Sensors Introduction
11.6.4 Elliptic Labs Revenue in Virtual Sensors Business (2019-2024)
11.6.5 Elliptic Labs Recent Developments
11.7 Exputec
11.7.1 Exputec Company Details
11.7.2 Exputec Business Overview
11.7.3 Exputec Virtual Sensors Introduction
11.7.4 Exputec Revenue in Virtual Sensors Business (2019-2024)
11.7.5 Exputec Recent Developments
11.8 TACTILE MOBILITY
11.8.1 TACTILE MOBILITY Company Details
11.8.2 TACTILE MOBILITY Business Overview
11.8.3 TACTILE MOBILITY Virtual Sensors Introduction
11.8.4 TACTILE MOBILITY Revenue in Virtual Sensors Business (2019-2024)
11.8.5 TACTILE MOBILITY Recent Developments
11.9 IntelliDynamics
11.9.1 IntelliDynamics Company Details
11.9.2 IntelliDynamics Business Overview
11.9.3 IntelliDynamics Virtual Sensors Introduction
11.9.4 IntelliDynamics Revenue in Virtual Sensors Business (2019-2024)
11.9.5 IntelliDynamics Recent Developments
11.10 ANDATA
11.10.1 ANDATA Company Details
11.10.2 ANDATA Business Overview
11.10.3 ANDATA Virtual Sensors Introduction
11.10.4 ANDATA Revenue in Virtual Sensors Business (2019-2024)
11.10.5 ANDATA Recent Developments
11.11 Aspen Technology
11.11.1 Aspen Technology Company Details
11.11.2 Aspen Technology Business Overview
11.11.3 Aspen Technology Virtual Sensors Introduction
11.11.4 Aspen Technology Revenue in Virtual Sensors Business (2019-2024)
11.11.5 Aspen Technology Recent Developments
11.12 OSIsoft
11.12.1 OSIsoft Company Details
11.12.2 OSIsoft Business Overview
11.12.3 OSIsoft Virtual Sensors Introduction
11.12.4 OSIsoft Revenue in Virtual Sensors Business (2019-2024)
11.12.5 OSIsoft Recent Developments
11.13 Modelway
11.13.1 Modelway Company Details
11.13.2 Modelway Business Overview
11.13.3 Modelway Virtual Sensors Introduction
11.13.4 Modelway Revenue in Virtual Sensors Business (2019-2024)
11.13.5 Modelway Recent Developments
11.14 LMI Technologies
11.14.1 LMI Technologies Company Details
11.14.2 LMI Technologies Business Overview
11.14.3 LMI Technologies Virtual Sensors Introduction
11.14.4 LMI Technologies Revenue in Virtual Sensors Business (2019-2024)
11.14.5 LMI Technologies Recent Developments
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
General Electric
Siemens
Cisco
Honeywell
Schneider Electric
Elliptic Labs
Exputec
TACTILE MOBILITY
IntelliDynamics
ANDATA
Aspen Technology
OSIsoft
Modelway
LMI Technologies
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*If Applicable.
