Global Sensors and Actuators Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)


Global Sensors and Actuators Market Analysis:

1. The forecasted period from 2022 to 2027 is expected to witness a remarkable growth rate of 8.24% in the global market for sensors and actuators. This growth can be attributed to the increasing demand for factory automation applications worldwide. The ongoing COVID-19 pandemic has further accelerated the adoption of factory automation, leading to a significant boost in the sensors and actuators market.

2. The integration of digital and physical aspects in manufacturing has brought about a revolution in the factory automation industry. Sensors and actuators play a crucial role in this transformation by ensuring optimal performance. Moreover, the industry’s focus on achieving zero waste production and reducing time to market has further fueled the growth of the sensors and actuators market.

3. The demand for components that provide critical data related to the production process has surged with the automation of production systems in both discrete and process industries. Sensors, in particular, enable precise process control by detecting the presence and position of metal objects in factories. On the other hand, electric actuators have emerged as a preferred choice across various industries, including IoT, due to their noiseless operation, programmability, and high-control precision positioning. In contrast, pneumatic actuators require manual setup and adjustment, making it challenging to obtain accurate feedback on their speed and position. The embedded encoder in electric actuators enables more precise movement, making them a promising option for future applications.

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