Research and Markets: Global Proximity Sensors Market Expected to Increase to $4.42 Billion by 2018 at a CAGR of 7.55% Over the Period 2014-2020, New Report Says
By Business Wire News
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/br2tws/global_proximity) has announced the addition of the “Global Proximity Sensors Market – Growth, Trends & Forecasts (2014-2020)” report to their offering.
The global market for proximity sensors is expected to grow at a steady rate. The Asia Pacific region is expected to estimate a huge growth rate when compared to other regions because of the presence of developing countries such as China & India. Major industries using proximity sensors are machine tools, woodworking machines, and packaging machines. Proximity sensors are in huge demand in automotive and industrial applications. The fastest-growing application market is material handling. The inclination of growth towards smartphones, increasing demand for automation and strong growth in capital investments are the key drivers which are making the proximity sensors market grow lucratively.
The growth of the proximity sensors market is currently being hindered by limitation in product variation among different manufacturing companies and limitation in sensing capabilities. Photoelectric proximity sensors technology is the fastest-growing market, because of their extensive use in automotive and material-handling applications, while capacitive proximity sensors technology is estimated to be the highest growth rate throughout the forecast period. Magnetic proximity sensors are the preferred choice for the detection of non-contact magnets. Further applications are automatic door units such as garage doors or doors inside buildings, elevator doors and doors inside railway loadches. The building and automotive sector are further industries using high volumes of proximity sensors.
The Proximity Sensors Market is segmented on the basis of
- Type (Fixed Distance Sensors, Adjustable Distance Sensors)
- Technology (Inductive Sensors, Capacitive Sensors, Photoelectric Sensors, Magnetic Sensors and Others)
- End User Industry (Aerospace & Defense, Automotive, Food & Beverage, Manufacturing, Pharmaceutical, Industrial, and Others)
- Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa).
Key Topics Covered
- Key Findings
- Market Overview & Dynamics
- Porter’s Five Forces Analysis
- Market Segmentation
- Market Segmentation, By Region
- Company Profiles
- Investment Analysis
- Future of Proximity Sensors Market
- Fargo Controls
- IFM Electronic
- Mouser Electronics
- Rockwell Automation
For more information visithttp://www.researchandmarkets.com/research/br2tws/global_proximity.
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