Driven by Growing Demand from Industrial Manufacturers Global Proximity Sensors Market Forecasted to Grow Speedily through 2022

Market Research HUB

Albany, US, 2017-Nov-29 — /EPR Network/ — In the present time, as the demand for detecting the surrounding objects and obstructions in the route increases, manufacturers increasingly integrate the proximity sensors in the vehicles. These sensors enable indicate the presence of obstruction and help them prevent accidents or collisions on the roads. These factors are projected to impact the global market growth of proximity sensors positively. Market Research Hub (MRH) has freshly announced the inclusion of a new study to its wide repository, which is titled as “Proximity Sensors Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022” and provides readers with a complete analysis of the global market through the detailed assessment of the segmentation of the proximity sensors market and the competitive dynamics by profiling leading market players.

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Research Insights

There has been a tremendous growth of sensor technology all over the world, the proximity sensor is one of them. Huge demand for proximity sensors in the automotive and industrial applications has fueled the growth of the market, finds study. Due to its amazing features, such as pulse oximetry, proximity sensors also witness significant demand in the healthcare industry. In addition, the proximity sensors also poised to gain robust demand in the electronics sector, mainly attributed to increasing demand for enhanced user interactive experience. Looking to such factors, analysts have found that the global proximity sensors market is anticipated to surge at a CAGR of 6.9% over the forecast period, 2017-2022.

Accurate detection of the hindrances in vehicles has led to an upsurge in adoption of the proximity sensors globally. Manufacturers in the automotive industry are gradually integrating the proximity sensors in the doors of the vehicle in order to enable quick access to the vehicles.

Aviation Industry to Impact Market Growth

Safe transport of the commercial goods and commodities has led to a surge in adoption of proximity sensors among the manufacturers of the ships and submarines. Apart from this, adoption of the proximity sensors also outspread to the aviation industry. With the growing need to prevent collisions while flying has led to a surge in demand for equipping the commercial aircrafts with proximity sensors.

Moving further, the market has been segmented on the basis of region, product type, end-use and technology. In terms of technology, the proximity sensors market include inductive, infrared, Time of flight and capacitive. Of these, the inductive segment is expected to witness the highest revenue growth in the coming years. On the basis of product type, the fixed distance segment is expected to witness the highest revenue growth.

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Competitive Scenario

In the later section, to assist in proper decision-making, the report includes the profiling of top players in this industry, their respective market share, recent developments along with various business strategies which are adopted by them. Market players in the global market of proximity sensors include Rockwell Automation, Inc., Honeywell International Inc., Broadcom Limited, IFM Electronic GmbH, OMRON Corp., Schneider Electric SE, Panasonic Corporation, Hans Turck GmbH & Co., KG, Fargo Controls, Inc., and AMETEK, Inc.

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