Factory Automation Sensor Market growing at a CAGR of 6.90% from 2023 to 2030

Key Market Overview

The Global Factory Automation Sensor Market was valued at USD 15,720.82 Million in 2022 and is expected to register a compound annual growth rate of 6.90% to reach USD 26,361.27 Million in 2030.

The report highlights the increasing adoption of factory automation sensor in healthcare, automotive, industrial automation, and others. Consegic Business Intelligence provides an inclusive research report on the factory automation sensor market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.

Global Factory Automation Sensor Market By Overview

The report analyses significant segments such as type, end use, and region to identify emerging trends and potential opportunities. The end use segment is expected to grow due installation of factory automation sensors in hybrid and electric vehicles manufacturing plants and others. Moreover, the automotive segment is driving the market growth for factory automation sensor due to rising demand for fuel efficient vehicles.

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Market Dynamics

Driver:

Increasing influence of industrial automation is driving the market growth of factory automation sensor
Growing automotive sector is fuelling the demand for factory automation sensor

Restraints:

Limitations associated with external and internal factors is hindering the market growth

Market Segmentation:

Report Attributes	Report Details
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

Competitive Landscape :

The global factory automation sensor market is highly competitive due to the presence of major players such as NXP Semiconductor NV, Infineon Technologies AG, TDK Corporation, and others operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in Factory Automation Sensor market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.

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
PEPPERL+FUCHS

Global Factory Automation Sensor Market growing at a CAGR of 6.90% from 2023 to 2030