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Global Proximity Sensor Market to Grow at a CAGR of 7.29% During the Period 2016 - 2020; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Proximity Sensor Market 2016 - 2020” research report to their website


Lewes, DE -- (SBWIRE) -- 02/11/2016 -- Report forecast the global proximity sensor market to grow at a CAGR of 7.29% during the period 2016-2020.

Proximity sensors are electronic sensors that are integrated with devices and machines for non-contact presence detection of objects or materials in close proximity. Multiple types of proximity sensors are used to sense different types of objects. The object to be sensed is known as the target.

Use of a particular type of proximity sensor depends upon:
- Type of target
- Distance of target
- Density of target

The report covers the present scenario and the growth prospects of the global proximity sensor market for 2016-2020. To calculate the market size, the report considers revenue generated from the following types of proximity sensor:
- Inductive
- Photoelectric
- Capacitive
- Ultrasonic
- Magnetic

According to the report, the rising demand for monitoring and safety in automobiles is driving the global proximity sensor market. Proximity sensors are utilized in different parts of an automobile for front assist, rear-view assist, side assist, and gesture control functions.

Further, the report states that a lack of technology innovation has led to limited product differentiation by vendors.

Global Proximity Sensor Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Proximity Sensor Market: Fargo Controls, GE, Honeywell, Omron and Panasonic.

Other Prominent Vendors in the market are: Avago Technologies, Balluff, Eaton, Festo, IFM Electronic, Micro-Epsilon, Mouser Electronics, NXP Semiconductors, Rockwell Automation, Schneider Electric, SICK, and TURCK.

Market driver
- Rising use of monitoring and safety systems in automobiles
- For a full, detailed list, view our report

Market challenge
- Limited product variation
- For a full, detailed list, view our report

Market trend
- Integration of ALS and proximity sensors into a single module
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 63 pages and 33 Exhibit "Global Proximity Sensor Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Technology landscape, Market segmentation by application, Market segmentation by product, Geographical segmentation, Market drivers, Market drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key recommendations for vendors and investors, Appendix.

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