The Industrial Automation Sensors Market is expected to grow at a CAGR of 9.6% from 2022 to reach $22.59 billion by 2029.
The growth of this market is mainly driven by the rising adoption of Industry 4.0 and IIoT in manufacturing, surging demand for smart sensor-enabled wearable devices, and growing technological advancements in industrial sensors. However, the high installation cost of sensor networks restrains the growth of this market.
The growing demand for predictive maintenance is expected to offer significant growth opportunities to market players and the increasing demand from automobile manufacturers to deliver improved safety and comfort for smart sensors are expected to provide lucrative opportunities for the growth of the global industrial automation sensors market. However, precise performance requirements from upcoming advanced sensors pose serious challenges to adopting industrial automation sensors solutions.
Here are the top 10 companies operating in Industrial Automation Sensors Market
Rockwell Automation, Inc. (U.S.)
Founded in 1903 and headquartered in Wisconsin, U.S. Rockwell Automation, Inc. (Rockwell) is engaged in manufacturing industrial automation and information solutions. The company serves discrete and process industries, such as food & beverage, home & personal care, life sciences, automotive and tire, oil & gas, and mining & metal industries. Siemens AG, ABB Ltd, Schneider Electric SA, Emerson Electric Co., Mitsubishi Electric Corp., and Honeywell International Inc. are some of the company’s major competitors.
The company has a robust geographic reach in more than 100 countries, with a presence in the U.S., Canada, China, Mexico, Italy, the U.K., and Germany, among other countries.
ABB, Ltd. (Switzerland)
Founded in 1988 and headquartered in Zurich, Switzerland, ABB manufactures and sells electric equipment, industrial automation, and robotics and motion products for customers in utilities, industry and transport, and infrastructure worldwide. It serves customers in utilities, industry and transport, and infrastructure. The company focuses on core businesses in power and automation technologies.
The company has a geographic presence in the Americas, Europe, Asia, and the Middle East & Africa. Some of its subsidiaries are ABB S.A. (Argentina), ABB Automacao Ltda. (Brazil), ABB (China) Ltd. (China), and ABB Automation GmbH (Germany). As of 2021, the company had a headcount of 22,000 employees worldwide.
Honeywell International Inc. (U.S.)
Founded in 1906 and headquartered in North Carolina, U.S., Honeywell is one of the world’s leading technology and manufacturing companies. The major products & solutions offered by the company, including the Honeywell Forge solutions, are supported by Honeywell Connected Enterprise, which helps automate processes to improve efficiency while reducing downtime and safety costs. Honeywell serves the aerospace, construction, chemicals & materials,
healthcare & pharmaceuticals, manufacturing, retail, and consumer goods industries. The company has a robust geographic reach across the U.S., Europe, and other international.
Siemens AG (Germany)
Founded in 1847 and headquartered in Munich, Germany, Siemens manufactures power and energy solutions for building technology, drive technology, energy, healthcare, industrial automation, mobility, financing, consumer products, and services. Siemens focuses on areas such as automation, digitalization in the process and manufacturing industries, intelligent infrastructure for buildings and distributed energy systems, conventional and renewable power generation and distribution, smart mobility solutions for rail and road, and medical technology and digital technology healthcare services.
The products and solutions offered by the company serve industries such as aerospace, automotive manufacturing, chemicals, cranes, fiber, cement, food & beverage, marine, mining, oil & gas, and pharmaceutical.
The company offers an R&D suite, software, integrated systems, and solutions for breweries, sugar, edible oils, dairy, soft drinks, bakery products, and confectionery industries. The company has a strong geographic presence in the U.S., Canada, Mexico, Brazil, Saudi Arabia, China, India, Malaysia, Germany, the U.K., and the Netherlands, among other countries. The company holds approximately 303,000 patents as of September 2021.
Bosch Sensortec GmbH (Germany)
Founded in 2005 and headquartered in Reutlingen, Germany. Bosch Sensortec is the technology leader in sensing solutions based on microelectromechanical systems (MEMS) and is dedicated to the consumer electronics world. It is a part of Robert Bosch GmbH. Bosch Sensortec offers a broad portfolio of microelectromechanical systems (MEMS) based sensors and solutions that enable consumer electronic devices to sense the world around them. It product portfolio includes motion sensors such as 3-axis accelerometers, gyroscopes, magnetometers; and integrated 6 and 9-axis sensors, smart sensors, and environmental sensors for measuring barometric pressure, temperature, humidity, and gases.
In addition, Bosch Sensortec offers optical microsystems and a comprehensive variety of software and tools. The company’s engineering and sales network cover 14 locations across the globe.
“Meticulous Research in its latest publication on Industrial Automation Sensors Market has predicted the growth of 9.6% during the forecast year 2022-2029”
Texas Instruments Incorporated (U.S.)
Founded in 1930 and headquartered in Dallas, Texas, Texas Instruments Incorporated is engaged in designing, manufacturing, testing, and selling analog and embedded semiconductors in industrial, automotive, personal electronics, communications equipment, and enterprise systems markets. These products help customers efficiently manage power, accurately sense and transmit data, and provide the design’s core control or processing.
The company has a geographic presence across the U.S., Asia, Europe, the Middle East & Africa, Japan, and the Rest of the World. Some of its subsidiaries are Texas Instruments Deutschland GmbH (Germany). Texas Instruments Denmark A/S (Denmark), Burr-Brown Europe Limited (U.K.), Texas Instruments Australia Pty Limited (Australia). As of 2021, the company had a headcount of 31,000 employees worldwide.
TE Connectivity Ltd. (Switzerland)
Founded in 2000 and headquartered in Schaffhausen, Switzerland, TE Connectivity is a multinational technology company that designs and manufactures connectivity and sensors for various industries, such as automotive, industrial equipment, data communication systems, consumer electronics, energy, oil and gas, aerospace, defense, and medical. The company has over 100 manufacturing and engineering centers and 1,500 patents worldwide.
TE Connectivity provides a wide range of products, such as antennas, application tooling, cable assemblies, connectors, EMI filters, fiber optics, harnessing, heat shrinking tubing, identification & labeling, passive components, power systems, relays, contractors & switches, sensors, terminal & splices, and wire & cables.
The company also manufactures 19,200 million products annually, serving customers in 140 countries worldwide. With its subsidiaries and a strong distribution network, the company has a geographic presence across Asia-Pacific, Europe, the Middle East & Africa, and the Americas.
Amphenol Corporation (U.S.)
Founded in 1932 and headquartered in Wallingford, U.S., Amphenol is one of the world’s largest providers of high-technology interconnect, sensor, and antenna solutions. The company’s products enable electronic revolution across end markets, such as automotive, broadband communications, commercial aerospace, industrial, information technology and data communications, military, mobile devices, and mobile networks.
The company has a geographical presence across the U.S. and other foreign countries. The company’s subsidiaries include Positronic Industries, Inc. (U.S.), Amphenol Pcd (U.S.), and Charles Industries, LLC (U.S.). As of June 2021, the company had approximately 90,000 full-time employees globally.
Analog Devices, Inc. (U.S.)
Founded in 1965 and headquartered in Wilmington, Massachusetts, Analog Devices company designs and manufactures analog, mixed-signal, and DSP integrated circuits for various end-user applications such as communications, computers, industrial, instrumentation, military, aerospace, automotive, and high-performance consumer electronics applications. It also provides power management and reference products for power management and conversion applications in the automotive, communications, industrial, and high-end consumer markets.
The company has a geographic presence in the U.S., the rest of North and South America, Europe, Japan, China, and the rest of Asia. Some of its subsidiaries are Analog Devices Limited (U.K.), Analog Devices, GmbH (Germany), Analog Devices, K.K. (Japan), Analog Devices Nederland, B.V. (Netherlands), and Analog Devices Asian Sales, Inc. (Delaware). As of October 2021, the company had a headcount of 24,700 employees worldwide.
Renesas Electronics Corporation (Japan)
Founded in 2002 and headquartered in Tokyo, Japan, Renesas Electronics is engaged in developing intelligent endpoint products and solutions. Renesas’s product portfolio includes microcontrollers & microprocessors,
automotive products, analog products, clock & timing, interface & connectivity, memory & logic, power & power management, and RF & sensor products. The company offers solutions for automotive, communications, healthcare, computing, home & building, industrial, and electronics applications. Renesas also offers its clients design, sales support, and technical training services. The company has its geographical presence in Japan, China, Asia (Excluding China), Europe, North America, and others.
Popular Mentions: Infineon Technologies AG (Germany), NXP Semiconductors (Netherlands), STMicroelectronics International N.V. (Switzerland), Sensirion AG (Switzerland), Dwyer Instruments LTD. (U.S.).
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Authoritative Research on the Industrial Automation Sensors Market – Global Opportunity Analysis and Industry Forecast (2022-2029)
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