Food and Beverage Position Sensors Market

Global Food and Beverage Position Sensors Market Size (2024 to 2029)

The global food and beverage position sensors market is expected to grow at a CAGR of 9.1% from 2024 to 2029 and the global market size is anticipated to be worth USD 448.06 million by 2029 from USD 289.88 million in 2024.

The position sensor is a device that can detect the movement of an object and convert these into signals suitable for processing, transmission, or control. Position sensors are essential to many industrial processing and monitoring setups, including steam generators, water tube boilers, industrial boilers, and others.

Global Food and Beverage Position Sensors Market Drivers:

The growing need of the hour for automated systems is driving the growth of the global food and beverages position sensor market. It helps in the real-time tracking of the products in Food and Beverages. A position sensor detects several important properties such as profiling, width, height, step, gap, V-gap, edge, angle, bend, groove, and surface. In the manufacturing industry, accurate measurements and detailed inspection act as focal points to drive market growth. High precision is important in the manufacturing industry to meet the requirements. Measurement Precision and thorough inspection are the two parameters required to develop high-quality products. The combined use of the position sensor and the analytical program helps accurately measure operations.

Rising trends toward industrial automation tend to enhance the food and beverage position sensors' market growth. Manufacturers aim to boost earnings by lowering expenses. Food and beverages are under pressure to adhere to the food safety standards by FSSAI. Automation is a way to attenuate the limitations by increasing performance, enhancing capabilities, cost reduction, reliability, and maintaining standards. It also provides safeguards for the brand image while adhering to necessary laws. As per the WHO reports, 1 in 10 people fall ill due to consuming contaminated food resulting in the loss of 33 million healthy life years. As a result, an increase in concern about food safety and standards has driven automation in the food and beverages sector to adhere to safety standards. As a result, industrial automation aided market expansion, accelerating the growth of the food and beverage position sensors market.

Growing demand for cost-effective and highly efficient position sensors is supporting the global food and beverage position sensors market. The rise in demand for cost-effective and highly efficient position sensors accounted for the rise in demand from the food and beverages sector to accelerate the growth of the food and beverage position sensors markets. In addition, technological innovations in optical sensors are providing an opportunity to propel the market growth of the Food and Beverages position sensor market.

Global Food and Beverage Position Sensors Market Restraints:

The high cost of ownership is hindering market growth. Multiple suppliers supply numerous components like position magnets, sensing rods, diagnostic light-emitting diodes (LEDs), and connectors used in manufacturing position sensors. The cost of parts is between $90 and $125, with additional labor charges estimated between $104 and $133. Thus, the increasing cost of ownership is hindering the food and beverage position sensors market growth.

Impact of COVID-19 on the global food and beverage position sensors market:

The pandemic has accelerated the adoption of automation and robotics in the food and beverage industry, increasing market demand. These helped to ensure the worker’s safety during the pandemic. The COVID-19 pandemic has caused disruptions in global supply chains and led to a decline in the overall demand for food and beverage products and position sensors for the short term. As the world gradually recovers from the pandemic, the demand for the food and beverage position sensors market is expected to grow at a higher rate. In addition, the trend toward automation and robotics is increasing, and the implementation of strict food safety regulations is expected to further drive the adoption of position sensors in the food and beverage industry.

REPORT COVERAGE:

This research report on the global food and beverage position sensors market has been segmented and sub-segmented based on product type, position sensor and region.

Global Food and Beverage Position Sensors Market – By Product Type:

• Contact
• Contact-Less

The contactless segment is leading with the dominant shares of the market. The avails obtained from Contactless position sensors, such as longer life, reduced wear and tear, unmatched precision, consistent outstanding performance, rapid reaction, and suitability for various settings, are attributing to significant growth of the Contactless segment during the forecast period. Some applications of Contactless sensors that drive market expansion include precise motion control, robotic movement, and MEMS accelerators. In addition, there is an expected increase in the market for Contactless sensors due to their attributes like usability in precise measurement, contamination resistance, and high accuracy.

Global Food and Beverage Position Sensors Market – By Position Sensor:

• Tuning Fork
• Electromagnetic
• Ultrasonic
• Radar Microwave
• Capacitance
• Others

In 2023, Ultrasonic position sensors had the highest market share in the Food and Beverages Position Sensors market. Ultrasonic Position sensors can sustain and perform accurately under high working temperatures, pressures, steam, and potentially corrosive chemicals due to their strong measurement components. These contribute to the high market share of ultrasonic sensors by helping manufacturers achieve the ideal performance in Food and Beverage applications. Applications like milk metering and guaranteeing the filling of beverages into containers require accurate sensing that Ultrasonic sensors can achieve. In addition, smaller imprints of Ultrasonic position sensors significantly improve accuracy.

Global Food and Beverage Position Sensors Market – By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

North America is expected to witness significant growth in the Food and Beverage Position Sensors market due to the increasing adoption of automation and robotics in the food and beverage industry. The US is the major contributor to the growth of this market in North America. The increasing demand for processed food and beverages, along with the need for real-time monitoring and control of food processing and packaging operations, is driving the growth of North America's Food & Beverage Position Sensors market.

The implementation of strict food safety regulations by the FDA (Food and Drug Administration) and other regulatory bodies is further driving the adoption of position sensors in this region's food and beverage industry. These sensors can help to ensure food safety by monitoring and controlling critical parameters during food processing and packaging operations.

Asia Pacific is next to North America in leading the market shares. The increasing adoption of IoT (Internet of Things) technology in the food and beverage industry propels the demand for the food and beverage position sensors market in the Asia Pacific. Integration of position sensors with IoT-enabled devices provides real-time data on food processing and packaging operations, enabling better decision-making and optimization of production processes likely to provide growth opportunities for market growth.

KEY MARKET PLAYERS:

Companies playing the leading role in the global food and beverage position sensors market include Hauser Management AG, GEMS Sensors Inc., First Sensor AG, ABB Ltd, Siemens AG, Endress, SICK, Turck, IFM and TR Electronics.

RECENT HAPPENINGS IN THE MARKET:

• In October 2021, a collaboration between Siemens and Merck to enhance the machine-to-machine trust in industrial value chains. This collaboration has clear potential to disrupt quality control and assurance operations across various industries.
• In October 2020, a new product for non-contact measurement of speed and length was launched by Sick and is expanding the product range in speed and length measurement of objects moving in a linear path to include technology that measures directly on the material surface by collaborating with SPEETEC®. This sensor can measure a wide range of web and continuous materials, as well as blanks, with an accuracy of just four μm.