Market Overview

Inductive Proximity Sensors Market to Incur Value Growth at 9.4% CAGR During 2018 - 2026 - Persistence Market Research

Share:

Inductive Proximity Sensors Market to Incur Value Growth at 9.4% CAGR During 2018 - 2026 - Persistence Market Research

PR Newswire

NEW YORK, August 13, 2018 /PRNewswire/ --

The global annual revenue from inductive proximity sensors was valued at US$ 1,278.6 Mn by the end of 2017, and is estimated to grow at a steady pace over the forecast period

The global inductive proximity sensors market is expected to register a global CAGR of 9.4% during 2018 - 2026 with SEA and Others of APAC, Europe, and North America accounting for significant market value shares by the end of the forecast period.

     (Logo: https://mma.prnewswire.com/media/661339/Persistence_Market_Research.jpg )

PMR delivers key insights on the global inductive proximity sensors market in its report titled "Inductive Proximity Sensors Market: Global Industry Trend Analysis 2013 - 2017 and Forecast 2018 - 2026." Value growth of the global inductive proximity sensors market is expected to remain attractive as the market is estimated to grow continuously with a CAGR of 9.4% in terms of value during the forecast period 2018 - 2026. On the basis of industry, inductive proximity sensors used to enable industrial automation are expected to register the most attractive growth during the forecast period. Based on type, inductive proximity sensors functioning with amplifier in cable are expected to gain the highest market share penetration during the forecast period.

The global annual revenue from inductive proximity sensors was valued at US$ 1,278.6 Mn by the end of 2017, and is estimated to grow at a steady pace over the forecast period. The dominant regions, i.e., North America, SEA & Others of APAC, and Europe collectively account for a majority share in the global inductive proximity sensors market. These regions are likely to dominate the global market over the forecast period.

Request For Report Sample: https://www.persistencemarketresearch.com/samples/23737

The usage of inductive proximity sensor technology was practiced by large industries over a decade ago. With improved technology and cost-effective solutions & services, inductive proximity sensor technology has been adopted by small- and medium-sized enterprises as well. Inductive proximity sensors are widely used by all tier companies to streamline operations, enhance industrial automation, and change the manufacturing landscape of the company. Thus, the usage of inductive proximity sensors in industrial automation is gaining importance in various industries. Growth in the global inductive proximity sensors market is driven by their increasing demand in the industrial automation applications sector. Increase in the number of vendors that enable industrial automation and growth in the demand for Industrial Internet of Things (IIoT) are important factors driving the inductive proximity sensors market.

Inductive Proximity Sensors Market Segmentation By Type - Self-contained, Amplifier-in-cable, Separate Amplifier; By Industry - Consumer Electronics, Industrial Automation, Automotive, Aerospace and Defense, Pharmaceutical, Packaging, Others: https://www.persistencemarketresearch.com/market-research/inductive-proximity-sensors-market.asp

Inductive proximity sensors are rarely affected by temperature fluctuations and foreign impurities such as dirt and water. The effects are negated by using multiple receiver coils to calculate the position and deduce their distance from the ratio of received signals. This reliability factor enables the end user to use inductive proximity sensors in harsh environments.

The inductive proximity sensors market in North America is estimated to hold the highest market share during the forecast period due to growth in the consumer electronics sector that has a significant impact on the inductive proximity sensors market. Increase in the number of consumer electronics industries and growth in the demand for smartphones and other mobile devices are important factors driving the inductive proximity sensors market. Inductive proximity sensors are being increasingly used in smartphones to enhance overall functional efficiency, convenience, and precautions.

Download and View Report TOC, Figures and Tables @ https://www.persistencemarketresearch.com/methodology/23737

The inductive proximity sensors market has high potential in SEA and Other APAC owing to major technological advancements in consumer electronics and automotive markets. Thus, the inductive proximity sensors market in SEA and Others of APAC region will be targeted the most by inductive proximity sensors market participants. The need to enhance the productivity and efficiency of industrial processes is expected to attract the attention of inductive proximity sensor service providers toward the SEA and Other APAC region.

According to PMR analysis, long-term contracts with business partners are expected to help increase revenue and new innovation strategies will enable inductive proximity sensor vendors to reach new growth markets. Some of the key market participants in the global inductive proximity sensors market include SICK AG; Panasonic Corporation; Omron Corporation; Datalogic S.p.A.; Keyence Corporation; Delta Electronics, Inc.; Autonics Corporation; Rockwell Automation GmbH; Pepperl+Fuchs; and Riko Opto-electronics Co., Ltd.

More from PMR's Electronics and Smart Devices Intelligence:

Smart Lighting Market Segmented by (By Product - Fixture, Lighting Control, Others (such as Smart Bulbs); By Light Source - LED, CFL,Incandescent; By Communication Technology - Wired, Wireless; By Application - Indoor, Commercial / Industrial, Residential, Outdoor, Street Lighting, Architectural Lighting, Lighting for Public Places, Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2025: https://www.persistencemarketresearch.com/market-research/smart-lighting-market.asp

Off-Street Parking Management Systems Market Taxonomy By ( By SCS - Parking Software, On Premise, Cloud-based, System Devices, Entry/Exit Terminals, Hands - Free/connected, Stand Alone, Card Readers, Validation Solution, Desktop Validation Unit, Web Based Electronic Validations, I-Based Validation Unit, Pay on Foot Stations, Automatic Pay Stations, Credit Card/ Cash, LPR System, Others; By Professional Services - Consulting, Deployment And Customization, Maintenance and support; By Solutions - Access control, Parking fee and revenue management, Parking reservation management, Valet parking management, Parking guidance and slot management, Others; By End-user-Government and municipalities, Airports, Healthcare, Corporate and commercial parks, Commercial Institutions, Others ): https://www.persistencemarketresearch.com/market-research/off-street-parking-management-system-market.asp

Electronic Weighing Scales Market By (By Type - Table Top Scale, Platform Scale, Precision Scale, Pocket Scale, Others; By Application - Laboratory Scales, Gem & Jewelry Scales, Retail Scales, Health Scales, Industrial Scales, Veterinary Scales) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2025: https://www.persistencemarketresearch.com/market-research/electronic-weighing-scales-market.asp

Persistence Market Research Overview 

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact

Persistence Market Research

U.S. Sales Office:

305 Broadway, 7th Floor

New York City, NY 10007

+1-646-568-7751

United States

USA - Canada Toll-Free: 800-961-0353

Email: sales@persistencemarketresearch.com  

PMR Latest News:https://www.persistencemarketresearch.com/news

SOURCE Persistence Market Research Pvt. Ltd.

View Comments and Join the Discussion!