ID: MRFR/SEM/7189-HCR | February 2021 | Region: Global | 111 pages
The Global Factory Automation Sensor Market is estimated to reach USD 18.13 Billion by 2025, registering a CAGR of 6.6% during the forecast period of 2019–2025.
Sensors are the devices that are used to identify and analyze the progressions associated with the physical, electrical, or other quantities and record the data from them. The sensors factory automation plays a vital role in factory automation as these allow the works, engineers, or an individual to gather the information associated with the functionality of the machines and their performance on their systems. These sensors allow the user to identify the changes in the pressure, temperature, and flow, among other parameters, allowing the users to take appropriate steps to maintain the functionality of the systems and enhance their performance by maintaining the systems at a regular interval.
The main purpose of using sensors in factory automation is to reduce manual work, increase the efficiency of the work process, improve productivity, perform various tasks rapidly, and reduce downtime. Additionally, factory automation allows the manufacturers to streamline their factory processes and allows the manufacturers to generate profit. There are various types of sensors, such as vision sensors, pressure sensors, temperature sensors, and vibration sensors, that are used for factory automation. The rise in automation and increasing demand for smart factories are considered as some of the factors which are fueling the growth of the market. The changing preferences of the manufacturers toward connected devices are driving the factory automation sensors market.
The Global Factory Automation Sensor Market has been segmented based on sensor Type, Application, and Region.
By sensor type, the market has been segmented into temperature sensors, proximity sensors, vibration sensors, pressure sensors, humidity sensors, vision sensors, and others.
By application, the market has been segmented into manufacturing, oil & gas, automotive, aerospace and defense, chemicals, pharmaceuticals, energy & power, automotive, food & beverages, and others
By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Global Factory Automation Sensor Market, 2017–2024 (USD Billion)
Source: MRFR Website
The Global Factory Automation Sensor Market is estimated to grow at a significant rate during the forecast period from 2019 to 2024. The geographic analysis of factory automation sensor has been conducted for North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Spain, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, and the rest of Asia-Pacific), and the rest of the world (the Middle East and Africa and South America).
North America accounted for the largest market share in 2018 due to the presence of various largest multinational corporations which are operating in the market such as Rockwell Automation, Honeywell International Inc., and Amphenol Corporation, which offer various sensors for the factory automation in the region. In North America, there is a shortage of labor, which leads not an increased need for automated operations, thereby reducing the requirement of the labor, thereby driving the factory automation sensor market. The increasing utilization of robots in factories for different applications such as packing and labeling, testing, welding, and other testing process is driving the factory automation sensors market as these robots use different sensors for performing tasks. Based on the country, North America has been segmented as the US, Canada, and Mexico. In 2018, the US accounted for the largest market share in the region due to the presence of various factories across industries such as manufacturing, food and beverages, chemical, automotive and others, which are shifting their process toward automation, which is driving the growth of the market.
MRFR recognizes the Key Players in the Global Factory Automation Sensor Market as Rockwell Automation (US), Honeywell (US), Texas Instruments (US), Panasonic (Japan), STMicroelectronics (Switzerland), First Sensor (Germany), Siemens AG (Germany), Amphenol Corporation (US), Integrated Device Technology (US), Bosch Sensortec (Germany), ABB Limited (Switzerland), Analog Device Inc. (US), General Electric (US), Vishay Intertechnology, Inc. (US), NXP Semiconductors NV (Netherlands), Infineon Technologies AG (Germany), Taiwan Semiconductor Manufacturing Company Limited (Taiwan), among others.
The prominent players keep innovating and investing in research and development to present a cost-effective product portfolio. There have been recent mergers and acquisitions among the key players, a strategy the business entities leverage to strengthen their reach to the customers.
Frequently Asked Questions (FAQ) :
The main use of factory automation sensors is to decrease manual work, elevate the efficiency of the work process, enhance the productivity, conduct different tasks at a fast pace, and also reduce downtime.
Pressure sensors, vision sensors, vibration sensors and temperature sensors, are the primary types of factory automation sensors.
The market has been segmented with respect to type and application.
Food & beverages, oil & gas, manufacturing, aerospace and defense, automotive, pharmaceuticals, chemicals, automotive, energy & power, are the applications of factory automation sensors.
The US, Canada, and Mexico are emerging as the prime markets in North America.