Virtual Sensor Market Share

Statistics for the 2023 & 2024 Virtual Sensor market share, created by Mordor Intelligence™ Industry Reports. Virtual Sensor share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.


Market Share of Virtual Sensor Industry

The virtual sensors industry is marked by a diverse mix of large international firms and smaller, medium-sized businesses, resulting in a highly fragmented market. Leading companies in this sector include Schneider Electric SE, Elliptic Labs ASA, Modelway SRL, Cisco Systems Inc., and General Electric Company. These companies are engaging in strategies like forming partnerships and pursuing acquisitions to expand their product ranges and secure a competitive edge in the market.

  • March 2024 - Elliptic Labs announced that it is currently deployed in over 500 million devices and is shipping the AIAVirtual Proximity Sensor INNER BEAUTYon Vivo’s V30 smartphone.
  • January 2024 - IntelliDynamics announced that a gas producer in Eastern Europe has renewed its support and maintenance for its Intellect systems. IntelliDynamics will Provide virtual metering and hydrate inhibitor estimation. The system tells them in real-time how much gas, condensate, and water they are producing and calculates the amount of methanol/ethanol hydrate inhibitor to inject in multiple points in their production train and central processing to prevent their system from icing up.

Virtual Sensors Market Leaders

  1. Schneider Electric SE

  2. Elliptic Labs ASA

  3. Modelway SRL

  4. Cisco Systems Inc.

  5. General Electric Company

*Disclaimer: Major Players sorted in no particular order

Virtual Sensors Market Concentration

Virtual Sensors Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)