Press release
Industry Dynamics: Global Displacement Sensors Market: Know The Key Growth Drivers Developments and Innovations
Global Displacement Sensors Market: Overview
Displacement sensors are also known as displacement gauges which are used to measure the travel range between the object’s current position and its reference point. These are used for dimension measurement to determine an object's thickness, height, and width. The displacement sensors work in two different ways include non-contact measurement using the magnetic field, light or sound waves and in direct contact with an object. There are various applications such as detection of stacked printed circuit boards (PCB), positioning of electronics components on the PCB during manufacturing and many others wherein the displacement sensors are used.
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Global Displacement Sensors Market: Dynamics
The key factors which drive primarily the growth of the global displacement sensors market are significantly increasing industrial automation along with growing electronics industry due to robust growth in the demand for smartphone and other electronic products over the forecast period. Rising demand for non-contact sensing technology in automotive industry fuels the global displacement sensors over the forecast period. Furthermore, robust growth in construction industry along with food and beverages industry are the major factors which drive the global displacement sensors market due to its high usage for supervision in various construction projects and in the packaging of products respectively. Additionally, high product innovation in displacement sensors such as compact and robust design from key manufacturers leads the global displacement sensors market towards significant growth over the forecast period. The key factors such as high development and installation cost and high labor cost in North America region hinder the growth of global displacement sensors market over the forecast period.
Global Displacement Sensors Market: Segmentation
Global displacement sensors market is segmented by technology type, measurement type, product type, end-use industry, and region type.
Based on the technology type, global displacement sensors market is classified into followings:
Laser
LVDT
Inductive
Optical
Eddy-current
Confocal
Capacitive
Magnetic
Potentiometer
Mechanical
Others
Based on the measurement type, global displacement sensors market is classified into followings:
Non-contact
Contact
Based on the product type, global displacement sensors market is classified into followings:
Linear
Angular
Others
Based on the end-use industry, global displacement sensors market is classified into followings:
Automotive
Food and Beverages
Cosmetics
Electricals and Electronics
Retail and Consumer Goods
Packaging
Construction
Global Displacement Sensors Market: Segmentation Overview
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Among above mentioned end-use industry, electrical and electronics segment, as well as automotive industry, are anticipated to uplift the global displacement sensors market over the forecast period due to the significant usage of displacement sensors in the assembly of electronics components. Additionally, among the above-mentioned measurement type, the non-contact segment is estimated to witness the rapid growth rate in the global displacement sensors market due to its growing demand for industrial automation.
Global Displacement Sensors Market: Regional Outlook
Based on geographies, the global displacement sensors market is classified into seven regions such as Western Europe, North America, Eastern Europe, Latin America, Asia Pacific excluding Japan, Japan and the Middle East and Africa. Among above-mentioned regions, North America accounts high market share in the global displacement sensors market over the forecast period, attributed to growing innovation such as displacement sensors with laser technology across the region followed by Western Europe. Asia Pacific excluding Japan is anticipated to showcase a significant growth in the global displacement sensors market over the forecast period, owing to significant growing electronics industry along with robust growth in manufacturing industry in emerging countries such as China and India across the region. Latin America is predicted to see extensive growth in the global displacement sensors market due to significantly growing manufacturing industry in Brazil. Japan is predicted to see a significant CAGR in the global displacement sensors market over the forecast period, attribute to high usage of displacement sensors in the automotive industry for thickness measurement.
Global Displacement Sensors Market: Key Players
Few key players of the global displacement sensors market are Omron Corporation, ifm electronics GmbH, Lion Precision Inc., Continental AG, Schneider Electric SA, Panasonic Corp, Spectris PLC, Micro-Epsilon Messtechnik GmbH & Co. KG, and Riftek LLC. Key manufacturers are focusing toward innovation in products such as non-contact linear displacement sensors with laser technology which provides high speed and efficiency.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
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A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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