Press release
Emerging Trends to Reshape the Factory Automation Sensor Market: Advanced Radar-Level Sensor For Hygienic Factory Automation as a Key Influencer
Factory Automation Sensor
Factory Automation Sensor Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
There has been a robust expansion in the factory automation sensor market size over the past several years. This market is projected to grow from its $16.49 billion value in 2024 to $17.81 billion in 2025, with a compound annual growth rate (CAGR) of 8.0%. Factors contributing to the historical growth include increased utilization of automation, a rising trend of predictive maintenance, burgeoning demand for robotics and automation, the growth of the Internet of Things (IoT), and an uptick in demand for electric vehicles.
Factory Automation Sensor Market Size Forecast: What's the Projected Valuation by 2029?
The market size for factory automation sensors is predicted to experience robust growth in the coming years. It is forecasted to expand to a whopping $23.91 billion by 2029, with a compound annual growth rate (CAGR) of 7.6%. This projected surge within the forecasting timeline is due largely to factors such as the rising significance of industrial automation, increasing demand for smart factories, expansion of the automotive sector, requirements for quality control and inspection, and growing demand from diverse sectors such as aerospace and pharmaceutical. Key trends within the forecast period include environmental regulations and sustainability efforts, incentives for research and development (R&D), alterations in trade and tariff policies, tax breaks for implementing automation, and breakthroughs in sensor technologies.
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What Are the Drivers Transforming the Factory Automation Sensor Market?
The factory automation sensor market is projected to expand due to the growing need for smart factories. These manufacturing facilities employ emerging technologies like IoT, AI, and automation for enhancing production procedures. Smart factories become a necessity due to their ability to bolster manufacturing efficiency, adaptability, and competitiveness. This can be achieved by streamlining operations, curbing costs, and enhancing product finesse through the integration of high-end technologies like automation, data analytics, and connectivity. Smart factories make use of factory automation sensors to gather real-time data on how machinery functions, the production process, and the environment conditions. This helps in active monitoring, predicting maintenance, and refining manufacturing operations for better efficiency, productivity, and quality management. For instance, a survey conducted by Rockwell Automation, Inc., a US industrial automation company, in May 2022 revealed a noteworthy 50% year-on-year growth in the adoption of smart factory technology, from 321 manufacturers surveyed. Astonishingly, 74% of the manufacturers surveyed are either currently employing or planning to incorporate artificial intelligence into their manufacturing tasks. Plus, 83% of the professionals in the manufacturing industry are planning to incorporate modernization processes into smart factories. As a result, the heightened demand for smart factories is influencing the expansion of the factory automation sensor market.
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What Long-Term Trends Will Define the Future of the Factory Automation Sensor Market?
The leading companies in the factory automation sensor market are investing their efforts in the advancement of sensor technology such as radar-level sensor technology. This tech is specifically designed for automated systems that demand high levels of cleanliness. Radar-level sensors are robust, dependable, and offer high precision with no need for much maintenance due to their characteristic lack of mechanical parts. These sensors are suitable for numerous industrial and commercial applications that require level measurement. In March 2023, VEGA Grieshaber KG, a manufacturing enterprise based in Germany, introduced a novel radar-level sensor technology referred to as VEGAPULS 42. Crafted for non-contact level measurement in factory automation, it shines especially in the realms of food and pharmaceuticals. Equipped with an IO-Link and varying hygienic attachments, this sensor ticks all the boxes for factory automation needs. It carries out intricate measuring tasks quickly, is easy-to-use and comes at a pocket-friendly cost.
Which Segments in the Factory Automation Sensor Market Offer the Most Profit Potential?
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 Firms Dominate the Factory Automation Sensor Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in 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.
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