Press release
Evolving Market Trends In The Factory Automation Sensor Industry: Advanced Radar-Level Sensor For Hygienic Factory Automation
Factory Automation Sensor
What Is the Expected Factory Automation Sensor Market Size During the Forecast Period?
There has been a significant expansion in the factory automation sensor market in recent years, with a projected increase from $16.49 billion in 2024 to $17.81 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.0%. Factors contributing to this growth in the historic period include an increased prevalence of automation applications, a growing preference for predictive maintenance, heightened demand for robotics and automation, expansion of the Internet of Things (IoT), and a surge in demand for electric vehicles.
Over the next few years, significant growth is anticipated in the factory automation sensor market, enough to elevate it to $23.91 billion in 2029 with a compound annual growth rate (CAGR) of 7.6%. This anticipated growth in the market during the forecast period can be ascribed to factors such as the rising prominence of industrial automation, an intensifying demand for smart factories, expansion of the automotive sector, the need for quality control and inspections as well as increased demand in sectors like aerospace and pharmaceutical. Environmental regulations and sustainability measures, incentives encouraging research and development (R&D), shifting trade and tariff regulations, tax incentives promoting automation adoption, and innovative sensor technologies make up the major trends for the forecast period.
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What Are the High-Growth Segments in the Factory Automation Sensor Market?
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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What Key Drivers Are Expected to Influence Future Factory Automation Sensor Market Growth?
The growth of the factory automation sensor market is anticipated to be driven by the escalating demand for smart factories. These manufacturing facilities, known as smart factories, incorporate innovative technologies including IoT, AI, and automation to enhance their production processes. The need for these structures stems from their effectiveness, adaptability, and competitive edge in manufacturing, all powered by the capability to streamline operations, curtail costs, and augment product quality via assimilation of emerging technologies such as automation, data analytics, and connectivity. Factory automation sensors are utilized in smart factories for gathering real-time information regarding the performance of machines, production methods, and ambient conditions, thereby making feasible proactive surveillance, predictive preservation, and fine-tuning of manufacturing activities for augmented efficiency, productivity, and quality control. For example, a May 2022 survey by Rockwell Automation, Inc., a firm based in the US specializing in industrial automation, indicated that there was an impressive 50% year-on-year increase in the adoption of smart factory technologies. The survey also revealed that 74% of the manufacturers polled are either already applying or plotting to incorporate artificial intelligence into their manufacturing processes. Furthermore, 83% of manufacturing professionals intend to modernize to smart factories. Consequently, the factory automation sensor market is being propelled by this growing demand for smart factories.
Which Companies Hold the Largest Share Across Different Factory Automation Sensor Market Segments?
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 Trends Are Driving Growth in The Factory Automation Sensor Market?
In the factory automation sensor market, predominant firms are prioritizing progress in sensor technologies like radar-level sensor technology, crafted for heavily automated processes that have strict hygiene requirements. Radar-level sensors are versatile and dependable, delivering high precision, while also being reliable and low-maintenance due to the absence of mobile parts. They are a prime choice for a diverse array of industrial and commercial-level measurement applications. In March 2023, a new radar-level sensor technology, dubbed VEGAPULS 42, was unveiled by the Germany-based manufacturer, VEGA Grieshaber KG. This piece of technology, which is intended for non-contact level measurement in factory automation, is particularly useful in the food and pharmaceutical sectors. The sensor has an IO-Link and adaptable hygienic adapters, thus catering to the main necessities of factory automation such as executing intricate measurement tasks faster, ease of use, and cost-effectiveness.
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What Are the Emerging Geographies for The Factory Automation Sensor Market Growth?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Factory Automation Sensor Market?
2. What is the CAGR expected in the Factory Automation Sensor Market?
3. What Are the Key Innovations Transforming the Factory Automation Sensor Industry?
4. Which Region Is Leading the Factory Automation Sensor Market?
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