Press release
Factory Automation Sensor Market In-Depth Qualitative Insights And Future Growth Analysis
Factory Automation Sensor Market
As per the report, the factory automation sensor market size has grown strongly in recent years. It will grow from $15.32 billion in 2023 to $16.49 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The factory automation sensor market size is expected to see strong growth in the next few years. It will grow to $22.23 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%.
Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=15173&type=smp
Rise Of Smart Factories And The Factory Automation Sensor Market
The increasing demand for smart factories is expected to propel the growth of the factory automation sensor market going forward. Smart factories are manufacturing facilities integrating advanced technologies such as IoT, AI, and automation to optimize production processes. The demand for smart factories arises from increased efficiency, flexibility, and competitiveness in manufacturing, driven by the potential to optimize operations, reduce costs, and improve product quality by integrating advanced technologies such as automation, data analytics, and connectivity. Smart factories use factory automation sensors to collect real-time data on machinery performance, production processes, and environmental conditions, enabling proactive monitoring, predictive maintenance, and optimization of manufacturing operations for increased efficiency, productivity, and quality control. For instance, in May 2022, according to a survey of 321 manufacturers conducted by Rockwell Automation, Inc., a US-based industrial automation company, the adoption of smart factory technologies witnessed a remarkable 50% year-over-year growth. Moreover, 74% of surveyed manufacturers are either currently utilizing or planning to integrate artificial intelligence into their manufacturing operations. Additionally, 83% of manufacturing professionals will upgrade their modernization processes into smart factories. Therefore, increasing demand for smart factories is driving the growth of the factory automation sensor market.
Advanced Radar-Level Sensor For Hygienic Factory Automation
Major companies operating in the factory automation sensor market are focusing on innovation in sensor technologies, such as radar-level sensor technology designed for highly automated processes with stringent demands on hygiene. Radar-level sensors are versatile and reliable, providing high accuracy, reliability, and low maintenance with no moving parts. They are ideal for a wide range of industrial and commercial-level measurement applications. In March 2023, VEGA Grieshaber KG, a Germany-based manufacturing company, launched a new radar-level sensor technology, VEGAPULS 42. It is designed for non-contact level measurement in factory automation, particularly in food and pharmaceutical applications. The sensor is equipped with IO-Link and versatile hygienic adapters, meeting the key requirements of factory automation, which include performing complex measuring tasks faster, being simple to use, and being more cost-effective.
The factory automation sensor market covered in this report is segmented -
1) By Sensors Type: Temperature Sensors, Vibration Sensors, Humidity Sensors, Proximity Sensors, Pressure Sensors, Vision Sensors, Other Sensor Types
2) By Type: Contact, Noncontact
3) By Application: Manufacturing, Automotive, Chemicals, Energy And Power, Food And Beverages, Oil And Gas, Aerospace And Defense, Pharmaceuticals, Other Applications
Buy Now & Get Exclusive Discount on this Report, Checkout link @ https://www.thebusinessresearchcompany.com/Discount?id=15173&type=discount
Major companies operating in the factory automation sensor market report are Robert Bosch GmbH, Siemens AG, Sony Corporation, Panasonic Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., STMicroelectronics N.V., Infineon Technologies AG, TDK Electronics Co. Ltd., Murata Manufacturing Co. Ltd., TE Connectivity Ltd., Amphenol Corporation, Analog Devices Inc., Seiko Epson Corporation, Alps Electric Co. Ltd., Rockwell Automation Inc., Microchip Technology Inc., Omron Corporation, FANUC Corporation, Texas Instruments Incorporated, Vishay Intertechnology Inc., Stäubli International AG, Pepperl+Fuchs SE, Sensirion AG
Contents of the report:
1. Executive Summary
2. Factory Automation Sensor Market Report Structure
3. Factory Automation Sensor Market Trends And Strategies
4. Factory Automation Sensor Market - Macro Economic Scenario
5. Factory Automation Sensor Market Size And Growth
…..
27. Factory Automation Sensor Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/factory-automation-sensor-global-market-report
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Factory Automation Sensor Market In-Depth Qualitative Insights And Future Growth Analysis here
News-ID: 3565385 • Views: …
More Releases from The Business research company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Sensor
Ultrasonic Oxygen Sensor Market, Ultrasonic Oxygen Sensor Market Size, Ultrasoni …
Fairfield Market Research offers a complete understanding of the Global Ultrasonic Oxygen Sensor Market in its latest research report. The report includes an unbiased analysis of the market dynamics. The report covers growth prospects, market development potential, product profitability, supply and demand curves and predictions, and government policies. The report has been put together using reliable tools to assess the primary and secondary data. The data is represented in the…
Wheel Speed Sensor Market Growing Up By Sensor Type: Passive Sensor, Active Sens …
Acumen Research and Consulting has announced the addition of the "Wheel Speed Sensor Market” report to their offering.
The Wheel Speed Sensor Market Report 2018 is an in depth study analyzing the current state of the Wheel Speed Sensor Market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Wheel Speed Sensor Market provides analysis of China market covering…
Smart Sensor Market - Transportation System Infrastructure & Aerospace Industrie …
Smart sensor market is expected to reach $15,840 million in 2023 from $4,805 million in 2016, growing at a CAGR of 18.4% from 2017 to 2023. Smart sensor have become an integral part of the aerospace and transportation industry. The robust growth in automobile sector, inclination of society towards IoT, development of smart cities, and surge in security threats are some of the major factors that drive the demand for…
Global Body Sensor Market - By Type (EEG Sensor, Visual Sensor, Respiration Sens …
Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalog by adding a fresh study titled “Global Body Sensor Market - Assessment Covering Growth Factors and Upcoming Trends by 2022 End”. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2022. The report also targets important facets such as market drivers, challenges, latest trends,…
Biochemical Sensor Market Report 2018: Segmentation by Product (Electrochemical …
Global Biochemical Sensor market research report provides company profile for GE Healthcare (U.S.), Thermo Fisher Scientific. (U.S.), Honeywell International Inc. (U.S.), Bio-Rad Laboratories Inc. (U.S.), Polestar Technologies Inc. (U.S.), Microchip Technology Inc. (U.S.) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and…
Smart Wearable Fitness Devices Sensors Market to 2025 Temperature Sensor, Pressu …
The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Smart Wearable Fitness Devices Sensors by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
This research report is equipped with the information categorizing Smart Wearable Fitness Devices…
