Factory automation is becoming increasingly important as manufacturers face rising costs, skill shortages, and the pressure to improve efficiency. Technologies such as sensors, measuring instruments, and vision systems now play a central role in modern factories, helping businesses automate repetitive tasks and gather real-time data to make better decisions. And as industries continue to digitise and adopt advanced manufacturing practices, demand for this type of equipment is only going to grow.
KEYENCE is developing and manufacturing factory automation equipment that tackles this problem. Simply put, its products help factories "see", measure, and control what's happening on the production line with extreme accuracy. Rather than just selling equipment, KEYENCE also supports customers through technically trained sales engineers who help solve application challenges and respond to specific production needs.
This approach has led to some serious growth, too, with the company reporting that in its 2024 fiscal year, it generated around $7B in sales. The business has grown at an average annual rate of more than 10% for the past 25 years and has repeatedly been recognised by organisations such as Forbes and Boston Consulting Group for its innovation and value creation. With automation continuing to expand across industries, KEYENCE is very well positioned to remain a major player in the space.
Steph
Company Specialist at Welcome to the Jungle
