Global Proximity Sensor Market Size, Shares, Trends, Analysis and Forecast 2016-2020

Albany, NY, Oct 24: Proximity sensors are electronic sensors that are integrated with devices and machines for non-contact presence detection of objects or materials in close proximity. Multiple types of proximity sensors are used to sense different types of objects. The object to be sensed is known as the target.

Use of a particular type of proximity sensor depends upon:
- Type of target
- Distance of target
- Density of target

The global proximity sensor market to grow at a CAGR of 7.29% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global proximity sensor market for 2016-2020. To calculate the market size, the report considers revenue generated from the following types of proximity sensor:
- Inductive
- Photoelectric
- Capacitive
- Ultrasonic
- Magnetic

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Technavio's report, Global Proximity Sensor Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Fargo Controls
- GE
- Honeywell
- Omron
- Panasonic

Other prominent vendors
- Avago Technologies
- Balluff
- Eaton
- Festo
- ifm electronic
- Micro-Epsilon
- Mouser Electronics
- NXP Semiconductors
- Rockwell Automation
- Schneider Electric
- SICK
- Turck

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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