Press release
Key Influencer in the Factory Automation Sensor Market 2025: Rise Of Smart Factories And The Factory Automation Sensor Market Driver
Factory Automation Sensor Market
The factory automation sensor market will grow from $16.49 billion in 2024 to $17.81 billion in 2025, at a CAGR of 8.0%. The growth is supported by the rising use of automation, demand for predictive maintenance, the expansion of robotics and automation, the Internet of Things (IoT), and increased demand for electric vehicles.
The factory automation sensor market is expected to experience strong growth, reaching $23.91 billion by 2029 at a CAGR of 7.6%. The growth is fueled by industrial automation, demand for smart factories, expansion of the automotive sector, quality control, and growing demand in industries such as aerospace and pharmaceuticals. Key trends include environmental regulations, sustainability initiatives, R&D incentives, tax incentives for automation, and innovation in sensor technologies.
What Factors Are Propelling the Expansion of the Factory Automation Sensor Market?
The growing demand for smart factories is expected to propel the factory automation sensor market. Smart factories integrate technologies like IoT, AI, and automation to optimize production processes, improving efficiency, flexibility, and competitiveness. Automation sensors collect real-time data to monitor machinery, production, and environmental conditions, enabling proactive maintenance and operational improvements. A survey by Rockwell Automation in May 2022 revealed a 50% year-over-year growth in smart factory adoption. With 74% of manufacturers planning to incorporate AI and 83% aiming for full modernization, the demand for smart factories is driving the factory automation sensor market forward.
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Which Businesses Are at the Forefront of Factory Automation Sensor Market Development?
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
What Are the Latest Innovations in the Factory Automation Sensor Market?
Companies in the factory automation sensor market are advancing sensor technologies like radar-level sensors, designed for highly automated processes with rigorous hygiene requirements. Radar-level sensors are reliable, highly accurate, and require little maintenance, making them suitable for a wide range of industrial and commercial measurement applications. In March 2023, VEGA Grieshaber KG, a Germany-based manufacturing company, launched the VEGAPULS 42 radar-level sensor, which is designed for non-contact level measurement in factory automation, particularly in food and pharmaceutical industries. Equipped with IO-Link and hygienic adapters, this sensor offers a cost-effective, user-friendly solution for performing complex measurements more efficiently.
How Is the Factory Automation Sensor Market Segmented?
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
Subsegments:
1) By Temperature Sensors: RTD Sensors (Resistance Temperature Detectors), Thermocouples, Infrared Temperature Sensors
2) By Vibration Sensors: Accelerometers, Displacement Sensors, Velocity Sensors
3) By Humidity Sensors: Capacitive Humidity Sensors, Resistive Humidity Sensors, Thermal Conductivity Sensors
4) By Proximity Sensors: Inductive Proximity Sensors, Capacitive Proximity Sensors, Ultrasonic Proximity Sensors
5) By Pressure Sensors: Piezoelectric Pressure Sensors, Strain Gauge Pressure Sensors, Capacitive Pressure Sensors
6) By Vision Sensors: Machine Vision Sensors, Optical Sensors, Image Processing Sensors
7) By Other Sensor Types: Flow Sensors, Gas Sensors, Level Sensors
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Where Is the Factory Automation Sensor Market Growth Most Prominent?
North America was the largest region in the factory automation sensor market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the factory automation sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Factory Automation Sensor Global Market Report?
- Market Size Analysis: Analyze the Factory Automation Sensor Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Factory Automation Sensor Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Factory Automation Sensor Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Factory Automation Sensor Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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