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.
Highlights
The global Virtual Sensors market was valued at US$ 243.9 million in 2022 and is anticipated to reach US$ 609.9 million by 2029, witnessing a CAGR of 16.5% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
North American market for Virtual Sensors is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
Asia-Pacific market for Virtual Sensors is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The global market for Virtual Sensors in Utilities is estimated to increase from $ million in 2023 to $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The key global companies of Virtual Sensors include General Electric, Siemens, Cisco, Honeywell, Schneider Electric, Elliptic Labs, Exputec, TACTILE MOBILITY and IntelliDynamics, etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Virtual Sensors, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Virtual Sensors.
The Virtual Sensors market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Virtual Sensors market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Virtual Sensors companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
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
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Core Chapters
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by 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: Introduces executive summary of global market size, regional market size, 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, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size 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 market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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.
Chapter 11: Provides profiles of key players, introducing the basic situation of the key companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
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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: 2018 VS 2022 VS 2029
1.2.2 Cloud-based
1.2.3 On-premise
1.3 Market by Application
1.3.1 Global Virtual Sensors Market Growth by Application: 2018 VS 2022 VS 2029
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 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Virtual Sensors Market Perspective (2018-2029)
2.2 Virtual Sensors Growth Trends by Region
2.2.1 Global Virtual Sensors Market Size by Region: 2018 VS 2022 VS 2029
2.2.2 Virtual Sensors Historic Market Size by Region (2018-2023)
2.2.3 Virtual Sensors Forecasted Market Size by Region (2024-2029)
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 Top Virtual Sensors Players by Revenue
3.1.1 Global Top Virtual Sensors Players by Revenue (2018-2023)
3.1.2 Global Virtual Sensors Revenue Market Share by Players (2018-2023)
3.2 Global Virtual Sensors Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Virtual Sensors Revenue
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 2022
3.5 Virtual Sensors Key Players Head office and Area Served
3.6 Key Players Virtual Sensors Product Solution and Service
3.7 Date of Enter into Virtual Sensors Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Virtual Sensors Breakdown Data by Type
4.1 Global Virtual Sensors Historic Market Size by Type (2018-2023)
4.2 Global Virtual Sensors Forecasted Market Size by Type (2024-2029)
5 Virtual Sensors Breakdown Data by Application
5.1 Global Virtual Sensors Historic Market Size by Application (2018-2023)
5.2 Global Virtual Sensors Forecasted Market Size by Application (2024-2029)
6 North America
6.1 North America Virtual Sensors Market Size (2018-2029)
6.2 North America Virtual Sensors Market Growth Rate by Country: 2018 VS 2022 VS 2029
6.3 North America Virtual Sensors Market Size by Country (2018-2023)
6.4 North America Virtual Sensors Market Size by Country (2024-2029)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Virtual Sensors Market Size (2018-2029)
7.2 Europe Virtual Sensors Market Growth Rate by Country: 2018 VS 2022 VS 2029
7.3 Europe Virtual Sensors Market Size by Country (2018-2023)
7.4 Europe Virtual Sensors Market Size by Country (2024-2029)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Virtual Sensors Market Size (2018-2029)
8.2 Asia-Pacific Virtual Sensors Market Growth Rate by Region: 2018 VS 2022 VS 2029
8.3 Asia-Pacific Virtual Sensors Market Size by Region (2018-2023)
8.4 Asia-Pacific Virtual Sensors Market Size by Region (2024-2029)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Virtual Sensors Market Size (2018-2029)
9.2 Latin America Virtual Sensors Market Growth Rate by Country: 2018 VS 2022 VS 2029
9.3 Latin America Virtual Sensors Market Size by Country (2018-2023)
9.4 Latin America Virtual Sensors Market Size by Country (2024-2029)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Virtual Sensors Market Size (2018-2029)
10.2 Middle East & Africa Virtual Sensors Market Growth Rate by Country: 2018 VS 2022 VS 2029
10.3 Middle East & Africa Virtual Sensors Market Size by Country (2018-2023)
10.4 Middle East & Africa Virtual Sensors Market Size by Country (2024-2029)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 General Electric
11.1.1 General Electric Company Detail
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 (2018-2023)
11.1.5 General Electric Recent Development
11.2 Siemens
11.2.1 Siemens Company Detail
11.2.2 Siemens Business Overview
11.2.3 Siemens Virtual Sensors Introduction
11.2.4 Siemens Revenue in Virtual Sensors Business (2018-2023)
11.2.5 Siemens Recent Development
11.3 Cisco
11.3.1 Cisco Company Detail
11.3.2 Cisco Business Overview
11.3.3 Cisco Virtual Sensors Introduction
11.3.4 Cisco Revenue in Virtual Sensors Business (2018-2023)
11.3.5 Cisco Recent Development
11.4 Honeywell
11.4.1 Honeywell Company Detail
11.4.2 Honeywell Business Overview
11.4.3 Honeywell Virtual Sensors Introduction
11.4.4 Honeywell Revenue in Virtual Sensors Business (2018-2023)
11.4.5 Honeywell Recent Development
11.5 Schneider Electric
11.5.1 Schneider Electric Company Detail
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 (2018-2023)
11.5.5 Schneider Electric Recent Development
11.6 Elliptic Labs
11.6.1 Elliptic Labs Company Detail
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 (2018-2023)
11.6.5 Elliptic Labs Recent Development
11.7 Exputec
11.7.1 Exputec Company Detail
11.7.2 Exputec Business Overview
11.7.3 Exputec Virtual Sensors Introduction
11.7.4 Exputec Revenue in Virtual Sensors Business (2018-2023)
11.7.5 Exputec Recent Development
11.8 TACTILE MOBILITY
11.8.1 TACTILE MOBILITY Company Detail
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 (2018-2023)
11.8.5 TACTILE MOBILITY Recent Development
11.9 IntelliDynamics
11.9.1 IntelliDynamics Company Detail
11.9.2 IntelliDynamics Business Overview
11.9.3 IntelliDynamics Virtual Sensors Introduction
11.9.4 IntelliDynamics Revenue in Virtual Sensors Business (2018-2023)
11.9.5 IntelliDynamics Recent Development
11.10 ANDATA
11.10.1 ANDATA Company Detail
11.10.2 ANDATA Business Overview
11.10.3 ANDATA Virtual Sensors Introduction
11.10.4 ANDATA Revenue in Virtual Sensors Business (2018-2023)
11.10.5 ANDATA Recent Development
11.11 Aspen Technology
11.11.1 Aspen Technology Company Detail
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 (2018-2023)
11.11.5 Aspen Technology Recent Development
11.12 OSIsoft
11.12.1 OSIsoft Company Detail
11.12.2 OSIsoft Business Overview
11.12.3 OSIsoft Virtual Sensors Introduction
11.12.4 OSIsoft Revenue in Virtual Sensors Business (2018-2023)
11.12.5 OSIsoft Recent Development
11.13 Modelway
11.13.1 Modelway Company Detail
11.13.2 Modelway Business Overview
11.13.3 Modelway Virtual Sensors Introduction
11.13.4 Modelway Revenue in Virtual Sensors Business (2018-2023)
11.13.5 Modelway Recent Development
11.14 LMI Technologies
11.14.1 LMI Technologies Company Detail
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 (2018-2023)
11.14.5 LMI Technologies Recent Development
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.
