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 Size
The surge in smart factory requirements is anticipated to spur the progress of the factory automation sensor market in the future. Smart factories represent production units that incorporate sophisticated technologies such as IoT, AI, and automation to enhance production operations. The need for smart factories emerges from surged efficiency, adaptability, and competitiveness in manufacturing, motivated by the possibility to streamline processes, lower expenses, and amplify product quality via the amalgamation of advanced technologies like automation, data analytics, and connectivity. Factory automation sensors utilized in smart factories collect real-time data concerning machinery performance, production procedures, and environmental variables, which permit proactive supervision, predictive conservation, and fine-tuning of manufacturing operations for augmented efficiency, productivity, and quality supervision. For example, a May 2022 survey of 321 manufacturers administered by Rockwell Automation, Inc., a US-based industrial automation corporation, showed a significant 50% year-on-year growth in the adoption of smart factory technologies. Additionally, 74% of the surveyed manufacturers are actively using or planning to incorporate artificial intelligence into their manufacturing operations. Furthermore, 83% of manufacturing professionals plan to enhance their modernization processes into smart factories. Consequently, the burgeoning demand for smart factories is fueling the expansion of the factory automation sensor market.
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What is the projected compound annual growth rate (CAGR) of the factory automation sensor market from 2025 to 2034, and what factors influence it?
The market size for factory automation sensors has seen substantial growth in the recent times. It is predicted to surge from $16.49 billion in 2024 to approximately $17.81 billion in 2025, boasting a compound annual growth rate (CAGR) of 8.0%. The notable growth in the historical phase can be credited to factors such as an increase in the automation applications, a burgeoning trend for predictive maintenance, heightened demand for robotics and automation, the proliferation of the Internet of Things (IoT), and a rise in the demand for electric vehicles.
The market size of factory automation sensors is anticipated to witness robust expansion in the upcoming years. The market is projected to surge to $23.91 billion by 2029, at a compound annual growth percentage (CAGR) of 7.6%. Factors contributing to the growth in the forecast period encompass escalating influence of industrial automation, surging demand for intelligent factories, an expanding automotive sector, necessities for quality check and inspection, and rising demand across industries such as aerospace and pharmaceutical. The major trends during this forecast period are expected to be environmental rules and sustainability measures, incentives for R&D, modifications in trade and tariff regulations, tax benefits for the adoption of automation, and innovations in sensor technologies.
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What are the most significant trends transforming the factory automation sensor market today?
Principal enterprises functioning in the factory automation sensor market are prioritizing innovation, including advancements in sensor technologies such as radar-level sensor technology. This technology caters to highly automated processes that require stringent health standards. Radar-level sensors are multifaceted and dependable, providing high precision, consistency, and minor maintenance due to the absence of moving components. Such sensors are apt for a variety of industrial and commercial-level measurement applications. In March 2023, VEGA Grieshaber KG, a manufacturing firm based in Germany, introduced a fresh radar-level sensor technology, VEGAPULS 42. This technology is engineered for contactless level measurement in factory automation, focusing on food and pharmaceutical applications. The sensor employs IO-Link and multifunctional hygienic adapters, thus fulfilling the essential requirements of factory automation: performing intricate measurement tasks more swiftly, ease of use, and cost-effectiveness.
What are the major segments of the factory automation sensor market and their role in driving growth?
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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Which regions are key players in the growth of the factory automation sensor market?
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.
Who are the key firms paving the way for growth in the factory automation sensor market?
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
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What Is Covered In The Factory Automation Sensor Global Market Report?
• Market Size Forecast: Examine the factory automation sensor market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the factory automation sensor market for a structured understanding.
• Key Players Overview: Analyze major players in the factory automation sensor market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the factory automation sensor market.
• Segment Contributions: Evaluate how different segments drive overall growth in the factory automation sensor market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the factory automation sensor market.
• Industry Challenges: Identify potential risks and obstacles affecting the factory automation sensor market.
• Competitive Landscape: Review strategic developments in the factory automation sensor market, including expansions, agreements, and new product launches.
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