Press release
Asia-Pacific Proximity and Displacement Sensor Market Forecast, 2020-2030: Rising Demand in Industrial Automation
The photoelectric and inductive sensors have experienced high adoption rates in various industry applications. These sensors are increasingly being used for various critical applications owing to their high reliability, adaptability, and reasonable cost. Photoelectric sensors contributed around 28% of revenue in 2014, followed by inductive sensors, accounting for around 23% of the total market revenue. The Asia-Pacific proximity and displacement sensor market size was valued at $2.97 billion in 2020 and is projected to reach $7.96 billion by 2030, registering a CAGR of 10.5% from 2021 to 2030.๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ & ๐๐๐: https://www.alliedmarketresearch.com/request-sample/1153
There has been a significant increase in the demand for proximity & displacement sensors across diverse industrial applications in China. Over the years, China has become the most popular manufacturing hub in the Asia-Pacific region, thereby accelerating the adoption of proximity and displacement sensors. China will continue to dominate the Asia-Pacific proximity and displacement sensors market to reach $592.6 million by 2020. Indian industries have also witnessed rapid implementation of automation across diverse sectors.
The high adoption of automation in India would make the country the fastest-growing proximity and displacement sensors market in the Asia-Pacific region during the forecast period 2015 - 2020. Other countries in the region including Indonesia, Thailand, and Malaysia are experiencing industrial development owing to a hike in labor costs, rising issues of intellectual property protection, and a high rate of inflation in established industrial bases such as China. Hence, the proximity & displacement sensors market in these countries is forecasted to grow at a high rate during the period of forecast period 2015 - 2020.
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ฒ๐จ๐ฎ'๐ซ๐ ๐๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ๐ฌ: https://www.alliedmarketresearch.com/request-for-customization/1153
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
The Asia-Pacific Proximity and Displacement Sensor industry's key market players adopt various strategies such as product launches, product development, collaboration, partnerships, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.
๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐ฆ๐๐ฃ๐จ๐ซ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐๐ฌ๐ข๐-๐๐๐๐ข๐๐ข๐ ๐๐ซ๐จ๐ฑ๐ข๐ฆ๐ข๐ญ๐ฒ ๐๐ง๐ ๐๐ข๐ฌ๐ฉ๐ฅ๐๐๐๐ฆ๐๐ง๐ญ ๐๐๐ง๐ฌ๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐,
IFM Electronics GmbH
Kaman Corporation
Keyence Corporation
SICK AG
Micron Optics, Inc.
Omron Corporation
Panasonic Corporation
Pepperl+Fuchs
Standex-Meder Electronics Inc.
Turck Inc.
๐๐ฌ๐ข๐-๐๐๐๐ข๐๐ข๐ ๐๐ซ๐จ๐ฑ๐ข๐ฆ๐ข๐ญ๐ฒ ๐๐ง๐ ๐๐ข๐ฌ๐ฉ๐ฅ๐๐๐๐ฆ๐๐ง๐ญ ๐๐๐ง๐ฌ๐จ๐ซ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ
- The Asia-Pacific proximity & displacement sensors market is forecasted to grow at a significant rate owing to the growing adoption of factory, process, and logistic automation
- Owing to the growing adoption of automation in the manufacturing industry, the others segment under applications, which includes detection of surface run-out of blades, precision thickness measurement, and disc driving spindle is forecasted to grow at the fastest CAGR of 15.88% during 2015 - 2020
- The market experiences an evolutionary advantage for long-term future growth owing to the unavailability of substitution for proximity and displacement sensor technologies in the market
- Among the Asia-Pacific countries, the proximity & displacement market in India is forecasted to experience the highest CAGR during 2015 - 2020
๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/1153
The APAC proximity & displacement sensors market is expected to grow significantly in the coming years owing to the increasing need for automation across diverse industries. Earlier, proximity and displacement sensor solutions were primarily used in the automotive industry. However, the adoption of sensor-based technology has increased significantly in other industries including pharmaceutical, pulp & paper, food & beverage, manufacturing, elevators & escalators, and metals & mining industries, owing to the advancement in technologies and growing awareness about the benefits of automated systems.
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
David Correa
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๐๐๐๐๐ฌ๐ฌ ๐ญ๐ก๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ @ https://www.alliedmarketresearch.com/asia-pacific-proximity-and-displacement-sensor-market
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