DUBLIN, July 14, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/rv36jh/proximity_and) has announced the addition of the "Proximity and Displacement Sensor Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020" report to their offering.
Global proximity and displacement sensors market was valued at USD 2.93 billion in 2013, growing at a CAGR of 2.8% from 2014 to 2020 Proximity and displacement sensors are used for various applications such as monitoring the distance between objects, metal detection, and automobile safety functions among others. In addition, these sensors find their application in several industries such as food and beverages, automotive, pharmaceutical and process industries among others. The proximity and displacement sensors find their application in every industry because of the importance of feedback based operations, which is fueling the growth of this market.
The global proximity and displacement sensors market is segmented by regions into North America, Europe, Asia Pacific (APAC) and Rest of the World (RoW). The growth of proximity and displacement sensors market is primarily driven by the increasing demand for automated functionalities in manufacturing industries such as food and beverages, pharmaceutical and process industries among others. In addition, the lowering cost of components required to manufacture these sensors have further contributed to the growth of proximity and displacement sensors market significantly.
In 2014, Asia Pacific (APAC) led the proximity and displacement sensors market and the region is expected to maintain its dominance throughout the forecast period. The integration of proximity and displacement sensors in machineries is acting as the driver for this market. Europe followed Asia Pacific accounting for more than 30% of the global market revenue share. However, North America and Rest of the worlds (RoW) are expected to see steady growth as North America is a saturated market where as RoW mostly consists of third world countries with less presence of manufacturing industries.
Proximity and displacement sensors Market: By product type
- Inductive sensors
- Photoelectric sensors
- Capacitive sensors
- Magnetic sensors
- Ultrasonic sensors
- LVDT sensors
Proximity and displacement sensors Market: By Industries
- Food and Beverages
- Process Industries
- Industrial Manufacturing
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market overview
Chapter 4 Global Proximity and Displacement Sensors Market Analysis, by Types
Chapter 5 Proximity and Displacement Sensors Market Analysis, by Industry
Chapter 6 Global Proximity and displacement Sensors Market Analysis and Forecast, by Geography
Chapter 7 Company Profiles
- Balluff GmbH
- Continental AG
- Eaton Corporation plc
- IFM Electronic GMBH
- Maxim Integrated Products, Inc.
- Micro-Epsilon Messtechnik GmbH & Co. KG
- OMRON Corporation
- Panasonic Corporation
- Schneider Electric S.E.
- Sharp Corporation
For more information visit http://www.researchandmarkets.com/research/rv36jh/proximity_and
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SOURCE Research and Markets