The growing demand towards energy efficient equipment such as elevators and escalators has significantly expanded the application areas of these sensors. According to apacmarket.com, in 2014, the market was estimated at $1.015 billion for Asia-Pacific region and is expected to reach $1.77 billion by 2020.
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Asia-Pacific Proximity and Displacement Sensor Market 2014-2020
1. No. Pages : 115 Published Date: 24-Jun-2015
Asia-Pacific Proximity and Displacement Sensor Market
2014-2020
2. Proximity sensors are used for detecting presence of the object of
interest near the periphery of the sensor. A displacement sensor is
capable of measuring the absolute as well as relative displacement of
the object of interest. The function of proximity and displacement
sensors are featured with contact as well as contactless detection and
measurement. Today, the market for proximity and displacement
sensors is evolving. The application area of proximity and
displacement sensors has significantly expanded owing to the
growing trend of factory and process automation across all industries.
The market for proximity and displacement sensors is witnessing the
largest demand from automobile and electronics manufacturing
industries in Asia-Pacific region. Proximity and displacement sensors
are majorly used in construction of smart electronic equipment which
plays key role in improving its operational as well as energy efficiency.
Report Description
3. According to apacmarket.com, in 2014, the market was estimated at
$1.015 billion for Asia-Pacific region and is expected to reach $1.77
billion by 2020.
The proximity and displacement sensors are segmented into six basic
types- inductive, photoelectric, capacitive, magnetic, ultrasonic and
LVDT. Inductive sensors are majorly used to detect metallic objects
while photoelectric sensors are used to detect non-metallic object in
their field of operation. With adoption in large set of applications,
photoelectric and inductive sensors are expected to maintain the
largest market share during the analysis period 2014-2020. The
application industries studied in the report include parking sensor
systems, ground proximity warning system, anti-aircraft warfare,
roller coasters, conveyor systems, vibration monitoring systems,
assembly line testing, mobile devices and others (detection of
surface run-out of blades, precision thickness measurement, and disc
driving spindle).
Report Description
4. Parking sensor system holds the maximum revenue share presently,
followed by mobile device and conveyor system. The proximity and
displacement sensors market, in accordance to end users, is
segmented into industries such as automotive, pharmaceutical,
pulp & paper, food & beverages, manufacturing, elevators &
escalators and metals & mining. The automobile and
manufacturing industries hold a high market share owing to high
unit cost and demand of proximity and displacement sensors.
Based on country, the Asia-Pacific market is segmented across
China, Japan, India, South Korea, Australia and rest of Asia-Pacific
countries, which include Malaysia, Indonesia, Vietnam and
Thailand. China with 38 percent of market share in 2014, would
continue to maintain its dominating position in Asia-Pacific
proximity and displacement sensors market owing to the high
concentration of industrial sectors.
Report Description
5. Forecast for Asia-Pacific proximity and displacement sensors
market based on current market trends, 2014
The report provides a competitive scenario of the Asia-Pacific
proximity and displacement sensors markets, with current and
future market growth trends, market structure, driving factors,
scope, opportunities and the challenges in the market.
The report includes comprehensive analysis of market segments
to provide insights about market dynamics
Porters Five Forces model is used to analyse the buyer and
supplier potential and for highlighting the competitive structure of
the market, which would enable market players to devise effective
plans and facilitate better decision making.
Potential Benefits
9. FOR MORE DETAILS
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displacement-sensor-market
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