Position And Proximity Sensors Market to Register Extensive Growth Via Robotics Industry Over Coming Years | Leading Players are Honeywell, ams AG, Allegro MicroSystems, Infineon Technologies, Renishaw, STMicroelectronics,TE Connectivity, MTS Systems Corp
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The position and proximity sensors market will witness growth owing to the increasing demand from the robotics industry. The increasing penetration of automation and digitalization across all industry verticals has led to the rising adoption of robotic technologies. Sensors form a core component of the robotic technology as they enable remote monitoring of robots and facilitate the data transmission. Sensors are also being incorporated into material handling systems such as conveyors for enhanced safety, ensuring fast obstacle detection and data transmission in automated material handling systems.
The proliferation of Industrial Internet of Things (IIoT) coupled with the growing significance of advanced automated factories will contribute to the position and proximity sensors market growth. The need to ensure enhanced communication among several assets in a facility, the real-time insight, and analysis in the production floor will encourage the incorporation of these sensors. Sensors collect the necessary data and transmit it to the controller thereby enabling the remote monitoring of the factory. Real-time and accurate monitoring of all objects is crucial factors in an industrial process for the early detection of issues and faults. Several government initiatives supporting the IIoT technology will spur the demand for advanced sensors, thereby boosting the position and proximity sensors market demand.
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Several sensor types impose a limit on the distance at which the object to be sensed is placed, thereby restricting the sensing capabilities and reducing the precision. Some sensors detect a specific type of material putting limitations on the type of material being sensed, thereby compelling the user to use an extensive sensor network that can detect varied material types. The sensitivity to extreme environmental changes of these sensors is expected to hinder the position and proximity sensors market growth. Issues pertaining to the relevant hardware in a sensor system are sometimes complicated to solve. The lack of the availability of skilled technicians in developing economies will discourage the adoption of these sensors in industries, thereby hampering the position and proximity sensors market growth.
The Europe position and proximity sensors market is expected to flourish owing to the advanced automotive sector in Germany. The advent of IIoT and Industry 4.0 in countries including France and Germany will encourage the demand for these sensors. Several European countries including Spain and Italy recovering from the economic crisis and focusing on industrialization will propel the position and proximity market growth. Increasing number of factories is using digitalization techniques to enhance the production and the supply chain process, thereby demanding the implementation of advanced sensor technologies.
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Major players in the position and proximity sensors market include Honeywell International, Inc., AMS AG, Allegro Microsystems, LLC, Infineon Technologies AG, Renishaw PLC, STMicroelectronics N.V., TE Connectivity Ltd., and MTS Systems Corporation. Increasing competition among key players to launch high-performance sensors further contributes to the industry demand.
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