Proximity Displacement Sensors Market is expected to grow at a CAGR of around 9.5% From 2015 to 2022

Proximity Displacement Sensors Market is expected to grow at a CAGR of around 9.5% From 2015 to 2022

“Technical advancement leading to miniaturization of proximity and displacement sensors is one of the key trends driving the global market towards growth.�

The global Market For Proximity And Displacement Sensors is expected to reach over USD 6 billion by 2022, growing at an estimated CAGR of around 9% from 2015 to 2022, according to a new study by Grand View Research, Inc. Technical advancement leading to miniaturization of proximity and displacement sensors is one of the key trends driving the global market towards growth.

Access Full Research Report on Global Proximity And Displacement Sensors Market : http://www.grandviewresearch.com/industry-analysis/proximitydisplacement-sensors-market Moreover, factory process automation, growing awareness towards energy efficiency and rising demand for elevators and escalators are some of the major factors driving the growth of the market. In addition, booming market for smart-phones, tablets and other gadgets is propelling the demand for the sensors globally. Considering all the above mentioned factors, the global market is anticipated to reach over USD 6 billion.

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However, the implementation of integral automation system attracts a huge amount of initial investment, leading to rise in the overall cost to customers. Thus, high cost of the sensors is primarily challenging the growth of the global market.

Further key findings from the study suggest: 

Photoelectric sensors segment accounted was valued for around 1.2 billion in 2014. Its wide application in variety of industries is mainly contributing to the largest market share of the segment amongst others.

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Ultrasonic sensors segment is anticipated to show fastest growth rate during the forecast period. Commercial availability of technically advanced products and thereby rising adoption is one of the major factors expected to boost the demand for ultrasonic sensors during the forecast period. The segment is expected to reach over USD 290 million with CAGR of around 21% during the forecast period.

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Parking sensors market accounted for the largest application segment market in 2014 owing to ability of installation of these sensors through OEM and aftermarket services. Thus, inbuilt sensors coupled with aftermarket installations result in largest revenue generation for the segment.

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Moreover, installation of parking sensors is costly through OEM owing to requirement of extra precautions for safety. As a result, high cost adds up to the overall revenue of generated by the parking sensors making it highest revenue generating segment.

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Booming construction industry is resulting in increased elevators and escalators which primarily use proximity and displacement sensors. Thus, the segment is anticipated to show significant growth during the forecast period among other end use segments.

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North America dominated the global market in 2014 and was followed by Europe in 2014. Highly developed automotive, construction and food and beverage industry is one of the major factors driving the growth of the market in North America Europe.

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Emerging economies of Latin America such as Mexico, Argentina and Brazil are anticipated to show fastest growth rate in terms of adoption of proximity and displacement sensors during the forecast period.

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Key driving factors for the growth of Latin American market include increasing disposable income resulting in rising purchase of electronic gadgets, and automobiles. Moreover, growth in the foreign investment in order to reduce the manufacturing cost is resulting in rapidly improving manufacturing infrastructure.

Resultant industry automation is driving the growth of the sensors market in this region.

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Key players of this market include Eaton Corporation, OMRON Corporation, Honeywell International Inc., Panasonic Corporation, Pepperl+Fuchs GmbH, Standex Electronics GmbH, and Sharp Corporation

Grand View Research has segmented the Proximity and Displacement Sensors market on the basis of materials, application, end use, and region: Read Our Blogs on Reports from this category By Grand View Research: http://www.grandviewresearch.com/blogs/semiconductors-and-electronics Table of Content of Global Proximity and Displacement Sensors Market Research Report: Chapter 1 Methodology and Scope 1.1 Research Methodology 1.2 Research Scope & Assumptions 1.3 List of Data Sources Chapter 2 Executive Summary Chapter 3 Proximity and Displacement Sensors Industry Outlook 3.1 Market segmentation 3.2 Market size and growth prospects 3.3 Proximity and Displacement Sensors: Market dynamics 3.3.1 Market driver analysis

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3.3.1.1 Increasing adoption of factory process automation techniques 3.3.1.2 Implementation of energy optimization solutions 3.3.1.3 Rising demand for contact-less sensing 3.3.1.4 Technical advancement in automotive security and infotainment system 3.3.1.5 Booming electronic gadgets market 3.3.2 Market restraint analysis 3.3.2.1 Cost of automation 3.4 Key Opportunities Prioritized 3.5 Proximity and Displacement Sensors industry analysis – Porter’s Five Forces Model 3.6 Proximity and Displacement Sensors – PESTEL Analysis Chapter 4 Proximity and Displacement Sensors Type Outlook 4.1 Proximity and displacement sensors revenue share by type, 2014 & 2022 4.2 Inductive sensors 4.3 Photoelectric sensor 4.4 Capacitive sensors 4.5 Ultrasonic sensor 4.6 Magnetic Sensors 4.7 LVDT Sensor Chapter 5 Global Proximity and Displacement Sensor Application Outlook 5.1 Proximity and displacement sensor revenue share by application, 2014 & 2022 5.2 Parking sensor system 5.3 Ground proximity warning system 5.4 Vibration monitoring and measurement 5.5 Anti-aircraft warfare

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5.6 Roller coasters 5.7 Conveyer System 5.8 Mobile device 5.9 Assembly line testing 5.10 Other Chapter 6 Global Proximity and Displacement Sensor Regional Outlook 6.1 Proximity and displacement sensors market share, by region, 2014 & 2022 6.2 North America 6.3 Europe 6.4 Asia Pacific 6.5 Rest of the World (RoW) Chapter 7 Competitive Landscape 7.1 Eaton Corporation 7.1.1 Company Overview 7.1.2 Financial Performance 7.1.3 Product Benchmarking 7.1.4 Strategic Initiatives 7.2 Honeywell International Inc. 7.2.1 Company Overview 7.2.2 Financial Performance 7.2.3 Product Benchmarking 7.2.4 Strategic Initiatives 7.3 Omron Inc. 7.3.1 Company Overview 7.3.2 Financial Performance 7.3.3 Product Benchmarking

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7.3.4 Strategic Initiatives 7.4 Panasonic Corporation 7.4.1 Company Overview 7.4.2 Financial Performance 7.4.3 Product Benchmarking 7.4.4 Strategic Initiatives 7.5 Pepperl+Fuchs GMBH 7.5.1 Company Overview 7.5.2 Financial Performance 7.5.3 Product Benchmarking 7.5.4 Strategic Initiatives 7.6 Sharp Corporation 7.6.1 Company Overview 7.6.2 Financial Performance 7.6.3 Product Benchmarking 7.6.4 Strategic Initiatives 7.7 Standex-Meder Electronics GmbH 7.7.1 Company Overview 7.7.2 Financial Performance 7.7.3 Product Benchmarking 7.7.4 Strategic Initiatives About Grand View Research, Inc.:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting

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services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email: sales@grandviewresearch.com For More Information: http://www.grandviewresearch.com

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