Market Research Future published a research report on “Factory Automation Sensor Market Research Report - Global Forecast to 2025” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2025.
The rise in disruptions to the production processes is estimated to define the factory automation sensor market 2020. The SEM industry reports are produced by Market Research Future, which highlights market options for development. An earning of USD 18.13 Billion by 2025 is likely to be gained with a CAGR of 6.6 % in the coming period.
The necessity to ensure the functionality of the machines is anticipated to bolster the factory automation sensor market size. The upsurge in automation in factories is estimated to further enhance the factory automation sensor market in the coming period.
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.
Global Factory Automation Sensor Market – Segmentations
The segmental insight into the factory automation sensor market has been conducted based on application, sensor type, and region. Based on the sensor types, the factory automation sensor market has been segmented into proximity sensors, vibration sensors, temperature sensors, vision sensors, pressure sensors, humidity sensors, and others. The application-based segmentation of the factory automation sensor market has been segmented into automotive, oil & gas, automotive, manufacturing, chemicals, energy & power, aerospace & defense, food & beverages, pharmaceuticals, and others. By region, the factory automation sensor market has been segmented into Asia-Pacific, North America, Europe, and the rest of the regions.
Global Factory Automation Sensor Market – Regional Analysis
The regional investigation of the factory automation sensor market includes regions such as Asia-Pacific, North America, Europe, and the rest of the regions. The North American regional market accounted for the primary market stake in the year 2018. Due to the incidence of a mixture of chief multinational corporations which are in service in the market such as Honeywell International Inc., Rockwell Automation, and Amphenol Corporation, which manufacture different sensors for the factory automation in the region, is promoting the global market. In the North American region, there is a deficiency of labor, which contributes to an improved need for automated operations, thus cutting the requirement of the labor, thus motivating the factory automation sensor market.
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