- Summary
- Table Of Content
- Methodology
Factory Automation Sensor Market Introduction :
Factory Automation Sensor Market is estimated to reach over USD 26,361.27 Million by 2030 from a value of USD 15,720.82 Million in 2022, growing at a CAGR of 6.90% from 2023 to 2030.
Factory Automation Sensor Market Definition & Overview:
Factory automation sensor is defined as a set of sensors collectively aggregated to detect, measure, and monitor the physical parameters within an industrial environment. These sensors enable the automation and optimization processes, thus providing real time data that helps in controlling machineries. In addition, factory automation sensors ensure product quality, enhance safety, and increase the overall efficiency in the factory.
Moreover, factory automation sensors have various advantages and applications across industries including automotive, food & beverage, electronics, pharmaceuticals, among others. Industry such as automotive is employing different types of factory automation sensors including proximity sensor for object detection, vision sensor for quality control and defect detection, pressure sensor for monitoring hydraulic systems, and among others.
Factory Automation Sensor Market Insights :
Factory Automation Sensor Market Dynamics - (DRO) :
Key Drivers :
Increasing influence of industrial automation is driving the market growth of factory automation sensor
Factory automation sensor are essential for achieving higher productivity, safety, and quality during the manufacturing process. Sensors including proximity, vision, hydraulic, among others provide foundation for generating smart systems and allow the factory to adapt according to the demand of the modern industrial landscape. In addition, with the growing demand for production of goods, factory automation has automatically moved to next stage that includes adoption of new technologies. Moreover, in order to remain competitive in the growing market, manufacturers are increasingly dependent on automated machines, which is ultimately promoting the demand for automation sensors.
For instance, according to Eagle Technologies, automation is accounted for raising global production from .8% to 1.4% annually. In addition, automation is promoting the demand for industrial robots on a large scale, who themselves are equipped with different types of sensors.
According to International Federation of Robotics, automotive sector has the largest number of robots working in manufacturing plants. Based on 2021 data, the density of robots in comparison to 10,000 employees in the countries have grown to 1,457 units in United States, 1,422 in Japan, 772 in China, and highest in Republic of Korea to reach 2,867. Therefore, based on aforementioned factors it is recognized that factory automation has been growing at a rapid pace, which is ultimately driving the demand for factory automation sensor.
Growing automotive sector is fuelling the demand for factory automation sensor
Globally automotive industry has grown over past few years, owing to the trends towards demand for electric vehicles. Car manufacturers across the globe are mainly focused on production of vehicles at large numbers in order to reduce the production cost. Therefore, manufacturing facilities are increasingly focused on factory automation to increase production. According to International Energy Association, report the sales of hybrid and electric vehicles have doubled in the year 2021 to reach the volume of 6.6 million units. Moreover, the sales of electric vehicles in China have tripled in 2021 to reach 3.3 million units sold during the period. On the other hand, in the year 2022, the sales of electric vehicles globally have reached 10 million units and it is expected to reach 14 million units by the end of the year 2023.
For instance, Rockwell Automation is setting up new technology by means of introducing industrial robots for manufacturing electric vehicles. Furthermore, in May 2023, the company made joint collaboration with autonox Robotics for manufacturing and development of automated robots to be used in automotive industry. Therefore, based on aforementioned factors associated with rising growth of electric vehicles market and automated robots tends to drive the market growth for factory automation sensor.
Key Restraints :
Limitations associated with external and internal factors is hindering the market growth
Factory automation sensors have certain limitations that are associated with external and internal factors. Among which external factors include environmental, maintenance and calibration, and others. Whereas, internal factors include accuracy and precession, range, response time, and others.
Environmental factors lead to impact sensor accuracy and sensitivity that include temperature, humidity, and electromagnetic interference. In addition, factors such as lack of maintenance and calibration lead to incorrect measurement and faulty automation.
Internal factors are associated with the design and performance of sensor that include range, such as limited range of sensor in certain applications where broader range is required limits the device performance, thus resulting into hindering of market growth.
Future Opportunities :
Factors including advancement in technology, environmental concerns, and others are expected to drive the market growth
The demand for factory automation sensor will tend to rise in near future owing to ongoing and futuristic approaches. Factor including environmental concerns towards energy efficiency will boost the demand. Sustainable manufacturing practices require efficient resource utilization and waste management. In addition, automation sensor helps to monitor energy consumption, material usage, and emissions, thus contributing to environmentally friendly operations. Furthermore, integration of IoT and Artificial Intelligence technologies with sensors will allow for more sophisticated automation and optimization, further driving the market growth for factory automation sensor during the forecast period.
Factory Automation Sensor Market Report Insights :
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 | USD 26,361.27 Million |
| CAGR (2023-2030) | 6.90% |
| By Type | Proximity Sensor, Temperature Sensor, Pressure Sensor, Vibration Sensor, Vision Sensor, Humidity Sensor, Others |
| By End Use | Pharmaceuticals, Industrial Automation, Oil & Gas, Chemicals, Energy & Power, Automotive, Food & Beverages, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
| Key Players | NXP Semiconductor NV, Infineon Technologies AG, TDK Corporation, TE Connectivity, General Electric, Vishay Intertechnology Inc., ABB Ltd., Analog Device Inc., Integrated Device Technology, Bosch Sensortec, Siemens AG, Amphenol Corporation, STMicroelectronics, First Sensor, Panasonic, Texas Instruments, Honeywell International Inc., Rockwell Automation, and PEPPERL+FUCHS |
Factory Automation Sensor Market Segmental Analysis :
Based on the Type :
Based on the type, the market is divided into proximity sensor, temperature sensor, pressure sensor, vibration sensor, vision sensor, humidity sensor, others. The proximity sensor segment is accounted for the largest revenue share of 25.4% in the year 2022. Proximity sensors are extensively used in factory automation and industrial settings. These sensors are capable of detecting the presence or absence of an object within a certain range without any physical contact. In addition, these sensors are utilized for applications including object detection, position sensing, and safety. For instance, proximity sensor, MC33794 by NXP Semiconductor NV is designed for applications where non-contact sensing of object is desired.
Moreover, vision sensor segment is projected to grow at the fastest growth rate during the forecast period. Vision sensor are also known as machine vision system and are increasingly popular in automation for quality control, inspection, and imaging applications. These sensors utilize camera and image processing algorithms to analyze visual information thus making them more demanding for applications such as inspections, part recognition, and assembly verification. Furthermore, with the growth of industrial automation and implementation of technologies including artificial intelligence, machine learning, and others will boost the market growth of factory automation sensor.
Based on the End-User :
Based on the end use, the market is segmented into pharmaceuticals, industrial automation, oil & gas, chemicals, energy & power, automotive, food & beverages, and others. Automotive segment is accounted to generate largest market share in the year 2022. The key factors attributed to the growth of the segment include increasing implementation of robots for manufacturing of vehicles. The rising demand for electric vehicles across the globe has been pushing the production line for each manufacturer to manufacture large volume of vehicles. Moreover, factors such as increasing awareness to environmental impact of carbon emissions is also promoting the demand for energy efficient production line which is ultimately driving the market growth of factory automation sensor. For instance, ABB Ltd. has introduced cobot family having series of robots namely, YuMi, GoFa, and SWIFTI for facilitating industrial production.
Moreover, industrial automation segment is projected to grow at the fastest growth rate during the forecast period. Owing to rising demand for process automation and optimization is expected to drive the market growth of the segment. The key attributing factor of industrial automation is to increase efficiency, improve productivity, enhance safety, and reduce human effort in manufacturing of goods. Moreover, sensors are capable of gathering data about various parameters including temperature, pressure, humidity, and others that help machines to function accurately and accordingly.
Based on the Region :
The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
North America is accounted for the largest revenue share of USD 5,714.52 Million in 2022 and is expected to reach USD 9,595.50 Million by 2030. In addition, in the region, the U.S. accounted for the maximum revenue share of 62.3% in the same year. The adoption of factory automation sensor in North American region is primarily driven by factors including energy efficiency and sustainability coupled with presence of technological infrastructure. North America has robust technological infrastructure including reliable communication networks and advanced manufacturing facilities. Moreover, the implementation of multiple sensors in production line by large manufacturing units contributes to energy efficient practices by optimizing resources usage and minimizing waste.
Moreover, Asia-Pacific is expected to register fastest CAGR growth of 7.2% during the forecast period. Factor attributable to the growth of the region during the forecast period is due to increasing global competition. Countries including China and India are increasingly raising their industrial output to become global power. In addition, government initiatives by both countries to raise industrial productivity by means of Made in China and Make in India efforts will primarily boost the manufacturing sectors. Thus, owing to aforementioned factors, the region tends to foresee growth of factory automation sensor market. Furthermore, advent of emerging technologies including artificial intelligence, robotics, automation, and machine learning will proliferate the development of the region along with rise in demand for factory automation sensor.
Top Key Players & Market Share Insights:
The factory automation sensor market is highly competitive with major players providing factory automation sensor to the national and international markets. Key players are adopting several strategies in research and development (R&D), product innovation, and End Use launches to hold a strong position in Factory Automation Sensor market. Key players in the factory automation sensor market include-
- NXP Semiconductor NV
- Infineon Technologies AG
- Amphenol Corporation
- STMicroelectronics
- First Sensor
- Panasonic
- Texas Instruments
- Honeywell International Inc.
- Rockwell Automation
- PEPPERL+FUCHS
- TDK Corporation
- TE Connectivity
- General Electric
- Vishay Intertechnology Inc.
- ABB Ltd.
- Analog Device Inc.
- Integrated Device Technology
- Bosch Sensortec
- Siemens AG
Recent Industry Developments :
- In August 2023, NXP Semiconductors N.V., Robert Bosch GmbH, and Infineon Technologies AG announced to jointly invest in European Semiconductor Manufacturing Company (ESMC) GmbH, Germany to offer advanced semiconductor manufacturing services.
- In October 2022, OMRON launched New FH-SMD series of 3d vision sensor for robot arms.
Key Questions Answered in the Report
What is Factory Automation Sensor? +
Factory automation sensor is defined as a set of sensors collectively aggregated to detect, measure, and monitor the physical parameters within an industrial environment. These sensors enable the automation and optimization processes, thus providing real time data that helps in controlling machineries.
What specific segmentation details are covered in the factory automation sensor report, and how is the dominating segment impacting the market growth? +
For instance, by type segment has witnessed proximity sensor as the dominating segment in the year 2022, owing to its increasing demand in industries including aerospace, automotive, pharmaceutical, and others.
What specific segmentation details are covered in the factory automation sensor market report, and how is the fastest segment anticipated to impact the market growth? +
For instance, by end use segment has witnessed automotive segment to grow at the fastest growth rate during the forecast period. The rising demand for electric vehicles across the globe has been pushing the production line for each manufacturer to manufacture large volume of vehicles.
Which region/country is anticipated to witness the highest CAGR during the forecast period, 2023-2030? +
Asia-Pacific is anticipated to register fastest CAGR growth of 7.2% during the forecast period due to rapid pace of industrialization and growth of multiple industries including industrial automation, healthcare, and others.
