Future Market Insights has announced the addition of the “Non-Contact Sensor Market: Global Industry Analysis and Opportunity Assessment 2016-2026" report to their offering.
Valley Cottage, NY -- (SBWIRE) -- 06/21/2016 -- Sensor is a device or an element made for a purpose to detect an occurrence of any event or change in the environmental condition and if found, provide a corresponding output. In a broad sense, sensor is a transducer which intakes one kind of energy (mostly optical & electrical) to operate & gives different types of output. Today sensors are being used in everyday life in every electronic product and with the advancement in technologies, the demand of instrumentation and automation has been increasing over the years and expected to grow further in the upcoming future with highest possible demand. Non-contact sensors are capable of detecting changes in electro-magnetic field or in light within a particular range. Non-contact sensor have wide application area such as in industrial sector, consumer electronics, medical, automotive, security & defense and entertainment because of increasing use of process controls and sensing element in these sectors.
The consistent increasing demand of non-contact sensor market has continuously been increasing globally and expected to grow with CAGR in double digits & the same scenario might be seen for next six to seven years in global non-contact sensor market.
Non-contact Sensor: Market Dynamics
For last some years, demand for non-contact sensors have been increasing in the consumer electronics and automobile vehicle like cars, trucks, buses, which are coming out as new trends for non-contact sensor market. The key growth drivers of global non-contact sensor market are increased adoption of non-contact sensors in various industries like healthcare, logistic, and defense, need for advanced security solutions in the automobiles, drastic rising demand of non-contact sensor in industrial applications in order to save energy, increased demand in military application for target detection as in drone and aircrafts are the drivers supporting the growth of global non-contact sensor market. On the other hand high replacement as well as deployment cost, lack of privacy, lack of customization & its complexity are some of the restraints responsible to hinder the growth of global non-contact sensor market.
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Non-contact Sensor: Segmentation
Market segmentation for non-contact sensor is done on the basis of application, type and region. On the basis of application, global non-contact sensor market is segmented into automobile, infrastructure, consumer electronics, food and beverages, medical, and avionics application. In industrial applications non-contact sensors are used for the collection and processing of information, also non-contact sensors have evolving application for pollution control in industrial sector, in automobile applications non-contact sensors are widely used for safety purpose, collision avoidance system for vehicles is an example of this application, in aerospace application, non-contact sensors are used for traffic alert system.
By types, global non-contact sensor market can be segmented into ultrasonic sensor, photo-electric sensor, flow sensors, LASER, non-contact temperature sensor, infrared sensors (IR), magnetostrictive linear position sensor, Hall Effect sensor (HE), turbidity sensor and others.
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Geographically, non-contact sensor market is segmented into seven regions which are; North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific Excluding Japan (APEJ), and Middle East and Africa (MEA). Western Europe region is dominating the global non-contact sensor market whereas Asia-Pacific is ranked as fasted growing market because of rapid industrialization pace, strengthening manufacturing activity, and strong economic development especially in India and china.
Non-contact Sensor: Key Players
The key players of global non-contact sensor market are ABB LTD., Honeywell International Inc., Eaton, Baumer Customer Sensor & Technologies Inc.,Balluf Inc.Analog Devices Inc., Eaton Corporation Plc., Infineon Technologies AG, NXP Semiconductors, Emerson Process Management and others.
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