Working definitions
A transducer is defined as a device that converts some form of energy into another.This definition is rooted in physics. I saw this definition in several books (from 60s and 70s).
A sensor is a subsystem which converts the stimulus from the physical environment into the signal interpretable by the rest of the system.
To be effective, a sensor needs to do more than just convert one form of energy into another.
The sensor need to distinguish its target stimulus from interference. A sensor should have an output in a form which is convenient for the rest of the system
A sensing element is a part of a sensor directly affected by the stimulus and makes initial conversion into electrical domain. Often sensing element is a transducer (in the pure physical meaning of a term).
Discussion
A transducer can be in a role of a sensing element, or an actuator, or sometimes even both.A good example that illustrates the practical difference between transducers and sensors is a piezo. The piezo transducers are used in a variety of sensors measure quite different parameters (range or flow velocity, for example). Imagine that you want to measure flow speed of air in a duct. If you have only a transducer in your hand, you would have to spend an appreciable amount of time before you become capable of actually making a measurement. You would have turned the piezo transducer into a flow sensor by then.
In the industry, the usage of words "sensor" and "transducer" is a matter of convention. Some industries use the term "transducer" for both sensors and transducers.
Related
http://www.sensorland.com/GlossaryPage001.htmlhttp://www.softnoze.com/glossary-of-automation-sensing-and-switching-terms.cfm
https://www.nap.edu/read/4782/chapter/15#107
Several glossaries for sensors terms. Some of them have a definition for transducer. None of them have a definition for a sensor (oddly enough).
https://groups.yahoo.com/neo/groups/sensorforum/conversations/messages/126
My earlier version of this post from 2007.