Press release
Proximity Sensor Market to Perceive Substantial Growth During 2017-2025
The growing demand for automated manufacturing is acting as the driver for Proximity sensor market. Proximity sensor plays an important role in smartphone and tablet by providing accurate results and therefore growing demand for smartphone and tablets is further aiding the growth of proximity sensor market. Rising trend in process automation in factories and industries is largely driving the proximity sensor market.
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Proximity Sensor: Drivers and Restraints
Drivers
The Industrial Internet of Things (IIoT), which requires sensor-based measurements for analysis and decision support purposes is a major driver of the proximity sensor market. Furthermore due to changing lifestyle which leads the need of innovative products with artificial intelligence is strongly driving this market. Now, most of the industries uses feedback based operations and proximity is used as an application for such operations, which is also fueling the growth of this market. This market is also growing due to the rising use of monitoring and safety systems in automobile and machinery.
Restraints
The major factor which is effecting the growth of this proximity sensor market is the limitation in the product variation and limitation in the sensing capabilities. Also, the high cost of the proximity sensor can be the major challenge for the growth of this proximity sensor market.
Proximity Sensor: Segmentation
Segmentation of Proximity Sensor on the basis of Technology:
Proximity sensor has been segmented on the basis of technologies which are used in this proximity sensors
Inductive Sensors
Capacitive Sensors
Photoelectric Sensors
Magnetic Sensors
Others
Segmentation of Proximity Sensor on the basis of Type:
Proximity sensor can be segmented on the basis of types
Fixed Distance proximity sensor
Adjustable Distance proximity sensor
Segmentation of Proximity Sensor on the basis of End-user industry:
proximity sensor market can be segmented on the basis of industries using these proximity sensors
Aerospace & Defense
Automobile
Food & Beverage
Manufacturing
Pharmaceutical
Others
Proximity Sensor: Competitive Landscape
The prominent players in Proximity Sensor market are GE(General Electric),Panasonic Corporation, Honeywell International Inc., Omron Corporation, Fargo Controls, Schneider Electric, Rockwell Automation, Sick AG, IFM electronic and others.
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Proximity Sensor: Regional Overview
On geographic basis, North America will be the largest market for proximity sensors due to the presence of major automotive manufacturers such as Chrysler, Ford and others and the growth of this market is directly proportional to number of automobile industries. APAC is expected to grow rapidly and its major contribution comes from countries like Japan, China, India, Singapore and Korea. Japan is also one of the major market as it is a manufacturing hub for many automobiles industries.
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