Overview and Scope
Factory automation sensors are devices used in industrial settings to detect,
measure, analyze, and control various parameters and conditions within a
manufacturing environment. These sensors are used in automating processes by
gathering data about physical variables such as temperature, pressure,
position, proximity, flow, level, and presence of objects.
Sizing and Forecast
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 growth in the historic period can be attributed to a rise in
automation use cases, a growing trend toward predictive maintenance, rising
demand for robotics and automation, the expansion of the Internet of Things
(IoT), and rising demand for electric vehicles.
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%. The growth
in the forecast period can be attributed to the increasing influence of
industrial automation, increasing demand for smart factories, the growing
automotive sector, quality control and inspection requirements, and increasing
demand in industries including aerospace and pharmaceutical.
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Segmentation & Regional Insights
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
North America was the largest region in the factory automation sensor market in
2023. 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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Major Driver Impacting Market Growth
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.
Key Industry Players
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
The factory automation sensor market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
.
.
.
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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