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Factory Automation Sensor Market Report Scope & Overview:

Factory Automation Sensor Market Size was valued at USD 15.64 billion in 2022 and is expected to reach USD 25.69 billion by 2030, and grow at a CAGR of 6.4% over the forecast period 2023-2030.

Sensors are devices that detect and evaluate changes in physical, electrical, or other quantities, as well as record the data. Sensors for factory automation are important in factory automation because they allow workers, engineers, or individuals to collect information about how machines work and perform on their systems. An industrial sensor is a device that detects events or changes in the environment and then outputs relevant data. Factory automation and Industry 4.0 rely heavily on these sensors. Motion sensors, environmental sensors, and vibration sensors are used to monitor the status of equipment ranging from linear or angular positioning, tilt sensing, levelling, and shock or fall detection. They detect physical input such as light, heat, motion, wetness, pressure, or any other entity and respond by displaying or transmitting the information to a computer for further processing. These sensors enable users to detect changes in pressure, temperature, and flow, among other characteristics, allowing them to take the necessary actions to keep the systems running and improve their performance by performing regular maintenance. The Factory Automation Sensor Market Share and Factory Automation Sensor Market Size are expected to grow in the coming years.

Factory Automation Sensor Market Revenue Analysis

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MARKET DYNAMICS:

KEY DRIVERS:

RESTRAINTS:

  • This will be covered under the final version of the report.

OPPORTUNITIES:

CHALLENGES: 

  • This will be covered under the final version of the report.

IMPACT OF COVID-19: 

The COVID-19 epidemic has hampered the growth of several industries, including manufacturing, oil and gas, and many others. Factory Automation Sensor Industry's primary end-use business is the oil and gas industry. As a result of COVID-19, many ongoing or new projects across the oil and gas value chain are likely to face significant challenges in terms of project execution, planning, and risk management. More than 2000 EPC oil and gas projects in various categories, including LNG, petrochemicals, and oil storage and refineries, have been halted or postponed as a result of the pandemic. Apart from oil and gas and automobiles, several other industries around the world, such as electricity generation and mining, have halted Factory Automation Sensor Market Demand in almost all countries as a result of the pandemic altering the Factory Automation Sensor Market Outlook. This is expected to lower industrial sensor demand and have a significant impact on Factory Automation Sensor Market Revenue over the forecast period.

Based on sensor type, the factory automation sensor market is segmented into Temperature sensors, Vibration sensors, Humidity sensors, Proximity sensors, Pressure sensors, Vision sensors, and Others. Based on application, the factory automation sensor market is segmented into Manufacturing, Automotive, Chemicals, Energy & power, Food & beverages, Oil & gas, Aerospace and defense, Pharmaceuticals, Automotive, Others.

MARKET SEGMENTATION:

BY SENSOR TYPE

  • Temperature sensors

  • Vibration sensors

  • Humidity sensors

  • Proximity sensors

  • Pressure sensors

  • Vision sensors

  • Others

BY APPLICATION

  • Manufacturing

  • Automotive

  • Chemicals

  • Energy & power

  • Food & beverages

  • Oil & gas

  • Aerospace and defense

  • Pharmaceuticals

  • Automotive

  • Others  

Factory Automation Sensor Market Segmentation Analysis

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REGIONAL ANALYSIS:

North America accounted for the largest market share during the historic forecast period due to the presence of several large multinational corporations operating in the market that offer various sensors for factory automation in the region. North America is experiencing a labour shortage, which is increasing demand for automated processes, lowering labour requirements, and driving the industrial automation sensor market. Because these robots use various sensors to complete jobs, the industrial automation sensors market is being driven by the increasing use of robots in factories for various applications such as packing and labelling, testing, welding, and other testing processes.

The continent of North America is divided into three sections, the United States, Canada, and Mexico. Because of the presence of numerous companies in industries such as manufacturing, food and beverages, chemical, automotive, and others that are automating their processes, the United States accounted for the region's largest market share.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

KEY PLAYERS:

The key players in the factory automation sensor market are Rockwell Automation, Texas Instruments, STMicroelectronics, ABB Limited, Infineon Technologies, Honeywell, Panasonic, Amphenol Corporation, General Electric, and NXP Semiconductors.

STMicroelectronics-Company Financial Analysis

Company Landscape Analysis

Factory Automation Sensor Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 15.64 Billion
Market Size by 2030 US$ 25.69 Billion
CAGR CAGR of 6.4% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Sensor Type (Temperature Sensors, Vibration Sensors, Humidity Sensors, Proximity Sensors, Pressure Sensors, Vision Sensors, Others)
• By Application (Manufacturing, Automotive, Chemicals, Energy & Power, Food & Beverages, Oil & Gas, Aerospace And Defense, Pharmaceuticals, Automotive, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Rockwell Automation, Texas Instruments, STMicroelectronics, ABB Limited, Infineon Technologies, Honeywell, Panasonic, Amphenol Corporation, General Electric, and NXP Semiconductors.
Key Drivers • The rise in automation.
• Increasing demand for smart factories.
RESTRAINTS • Expanding government support.
• The incorporation of artificial intelligence

Frequently Asked Questions

The market size is expected to reach USD 25.69 billion by 2030.

The rise in automation, and Increasing demand for smart factories.

The key players in the factory automation sensor market are Rockwell Automation, Texas Instruments, STMicroelectronics, ABB Limited, Infineon Technologies, Honeywell, Panasonic, Amphenol Corporation, General Electric, and NXP Semiconductors.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

  

8. Factory Automation Sensor Market Segmentation, by sensor type

8.1Introduction

8.2 Temperature sensors

8.3 Vibration sensors

8.4 Humidity sensors

8.5 Proximity sensors

8.6 Pressure sensors

8.7 Vision sensors

8.8 Others

9. Factory Automation Sensor Market Segmentation, by application

9.1Introduction

9.2 Manufacturing

9.3 Automotive

9.4 Chemicals

9.5 Energy & power

9.6 Food & beverages

9.7 Oil & gas

9.8 Aerospace and defense

9.9 Pharmaceuticals

9.10 Automotive

9.11 Others

10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 The Netherlands

10.3.7 Rest of Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 South Korea

10.4.3 China

10.4.4 India

10.4.5 Australia

10.4.6 Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1 Israel

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest

10.6 Latin America

10.6.1 Brazil

10.6.2 Argentina

10.6.3 Rest of Latin America

11.Company Profiles

11.1 NXP Semiconductors

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 SWOT Analysis

11.1.4 The SNS view

11.2 Rockwell Automation

11.3 Texas Instruments

11.4 STMicroelectronics

11.5 ABB Limited

11.6 Infineon Technologies

11.7 Honeywell

11.8 Panasonic

11.9 Amphenol Corporation

11.10 General Electric

12.Competitive Landscape

12.1 Competitive Benchmark

12.2 Market Share analysis

12.3 Recent Developments

13.Conclusion

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Data Bank Validation

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