Proximity Sensors Market to Registered Growth at CAGR of 6.9% between 2017 - 2022.
Albany, NY -- (SBWIRE) -- 11/30/2017 -- Global Proximity Sensors Market: Overview
Increasing demand for 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 increasingly integrating the proximity sensors in the doors of the vehicle in order to enable quick access in the vehicles. Adoption of the proximity sensors is also expected to rev up in the aviation industry attributed to electromagnetic and ultrasound features.
Global Proximity Sensors Market: Market Players
The report provides an in-depth insight on various important aspects of the global proximity sensors market while providing critical analysis on the competitive landscape, important segments in the market, growth patterns and factors fuelling growth of the global market. According to the report, the global proximity sensors market is expected to reflect an impressive growth attributed to increasing demand in the healthcare industry, automotive industry and aviation industry.
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Growth of the global proximity sensors market is mainly bound to various macro-economic and micro-economic factors. The report reveals that the global proximity sensors market is mainly driven by growing need for accurate detection in the vehicles in order to prevent collisions is expected to impact growth of the global market positively. Growing need for safely parking vehicles has led to a surge in adoption of proximity sensors in the automotive industry. Increasing demand for safe transportation of the commercial goods and commodities in the global market has led to manufacturers in the shipping industry to integrate proximity sensors in ships and submarines.
Moreover, growing need to monitor the routes in the aviation and shipping industry continues to fuel sales of the proximity sensors. Attributed to the electromagnetic and ultrasound features has led the manufacturers in the aviation and shipping industry to rev up demand for the proximity sensors globally. Significant adoption of the proximity sensors is expected to contribute towards growth of the global proximity sensors market positively.
Proximity sensors further continue to witness continue to witness considerable demand in the electronic industry. In an attempt to offer enhanced user interactive features, manufacturers in the electronic industry are increasingly integrating proximity sensors. Integration of proximity sensors in the electronic industry enables the end users to operate the electronic devices conveniently. These factors are expected to contribute towards growth of the global proximity sensors market.
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Besides the shipping, electronic and aviation industry, growth of the global market is expected to be bound by the surge in demand for enhanced medical devices. Attributed to pulse oximetry features, manufacturers are increasingly embedding the proximity sensors in the medical devices. Pulse oximetry features enable the heart rate monitors to perform the photoplethysmography procedure conveniently. Medical devices such as glucose monitors, ECG/KCG monitors and blood pressure monitors are also integrated with the proximity sensors. These factors are expected to contribute towards growth of the global proximity sensors significantly. Further, unprecedented weather conditions is likely to inhibit the operations of the proximity sensors. Bound to these factors, the global proximity sensors market is expected to witness significant growth.
Global Proximity Sensors Market: Segmentation
The global proximity sensors market is expected to be segmented on the basis of product type, technology and end use industry. On the basis of the product type, the global market is segmented as fixed distance and adjustable distance. By end use industry, the global market is segmented as automotive, consumer electronics, food & beverages, industrial manufacturing, pharmaceuticals and defense & aerospace. Based on technology, the global market is segmented as inductive, capacitive, infrared and time of flight.
Global Proximity Sensors Market: Key Players
Market players in the global market of proximity sensors include Broadcom Limited, IFM Electronic GmbH, Schneider Electric SE, Panasonic Corporation, Hans Turck GmbH & Co., KG, Rockwell Automation, Inc., OMRON Corp., Honeywell International Inc., Fargo Controls, Inc., and AMETEK, Inc.