Factory Automation Sensor Ongoing Trends and Recent Developments
The demand in different end-user industries has accelerated significantly with the growing adoption of automation and ground-breaking technology enhancements. Through automation, the technological revolution in the factories has been encouraging the manufacturing industries to further invest in automation sensor to enhance their productivity and production cycle.
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Rapid expansion in the manufacturing industry and the adoption of industrial automation in automotive industries are some of the factors driving the growth of the factory automation sensor market. Nevertheless, widening government support and integration of artificial intelligence is anticipated to provide ample growth opportunities to the players operating in the factory automation sensor market.
The global factory automation sensor market is segmented on the basis of type and end use industry. Based on type, the factory automation sensor market is segmented into temperature sensors, vibration sensors, vision sensors, pressure sensors, proximity sensors, humidity sensors, and others. Based on end use industry the factory automation sensor market is segmented into automotive, chemicals, energy and power, food and beverages, manufacturing, oil and gas, pharmaceuticals, and others.
The report analyzes factors affecting the factory automation sensor market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the factory automation sensor in these regions.
The Insight Partners adheres to the codes of practice of the Market Research Society and Strategic and Competitive Intelligence Professionals. The following methodology has been followed for the collection and analysis of data presented in this report:
Coverage:
The objective of updating coverage is to ensure that it represents the most up-to-date vision of the industry possible. The estimated revenues of all major companies, including private and governmental, are gathered and used to prioritize coverage. Companies which are making the news, or which are of particular interest due to their innovative approach, are prioritized.
Secondary Research:
The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information relating to each Market. The secondary research sources that are typically referred to include, but are not limited to:
Ø Company Websites, Annual Reports, Financial Reports, Broker Reports and Investor Presentations
Ø Industry Trade Journals and Other Literature
Ø National Government Documents, Statistical Databases and Market Reports
Ø News Articles, Press Releases and Web-Casts Specific to the Companies Operating in the Market
NOTE: All the financials considered in Company Profile’s section have been standardized to US$. This has been achieved after converting the financials (for those not in US$) with respective currency exchange rates of the particular year.
Primary Research:
conducts hundreds of primary interviews a year with industry participants and commentators in order to validate its data and analysis. A typical research interview fulfils the following functions:
Ø Provides First-Hand Information on the Market Size, Market Trends, Growth Trends, Competitive Landscape and Future Outlook
Ø Validates and Strengthens Secondary Research Findings
Ø Further Develops the Analysis Team’s Expertise and Market Understanding
The Prominent Players of Factory Automation Sensor :
·ABB
·Analog Device
·Amphenol
·Honeywell International
·NXP Semiconductor
·Rockwell Automation
·STMicroelectronics
·Siemens AG
·Texas Instruments
·Vishay Intertechnology