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2020-09-01
722
Global
Proximity sensors work like a position sensor that determines the movement of the objects with the area of proximity sensor. Proximity sensors market is driven by its increasing application in manufacturing and packaging industries on the back of increasing automation and achieving efficiency. Moreover, in near future the advancing technologies such as autonomous vehicles and wearable technologies are expected to open wide opportunities in the use of proximity sensors. Goldstein Market Intelligence analyst forecast that the global proximity sensors market is set to harness market revenue of USD 6.8 billion by 2025 growing at a CAGR of 7.6% over the forecast period (2017-2025). Further, the industrial automation is the most lucrative segment for the application of proximity sensors. The adoption of robots, automated machines and automating each process is propelling the R&D of innovative & advanced proximity sensors. But the cost of implementing proximity sensors for automation purpose has a high cost that deems to restrain the growth of the market.
By Sensors Type
Based on sensors type, photoelectric type of sensor accounted for largest market share of 24.0%, which is closely followed by inductive sensors. Photoelectric sensors have high application across multiple industries such as manufacturing industry that renders high revenue share to the total market.
By Product Type
By Application
By End-Use Industry
By Geography
Based on geography, Asia Pacific region accounted for largest revenue share of nearly 35% in 2017 of the global proximity sensors market on the back of high industrial development activities in the region in terms of processes and automation. Asia Pacific is closely followed by North America due to presence of top companies in the manufacturing and innovation of the proximity sensors.
The report covers the present ground scenario and the future growth prospects of the proximity sensors market for 2017-2030 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in the Global region.
Global Proximity Sensors Market Outlook 2017-2030, has been prepared based on an in-depth market analysis from farm market experts. The report covers the competitive landscape and current position of major players in the Global proximity sensors market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Global Proximity Sensors Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.
The report analyses and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Global Proximity Sensor Market " along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.
Our Global proximity sensors market report comprises of the following companies as the key players:
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the farm market. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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