North America Proximity Sensors Market, 2022 - Increase in Demand for Non-Contact Sensing Technology

DUBLIN, September 21, 2017 /PRNewswire/ --

The "North America Proximity Sensors Market - By Technology , Detection Range, Type, Industry, Geography, Trends, Forecast - 2017 - 2022" report has been added to Research and Markets' offering.

The North America proximity sensors market is projected to reach USD 1.66 billion by 2022 growing at a CAGR of 7.91% over the period 2017-2022

The proximity sensors market is segmented on the basis of type, technology, and end-user industry. While photoelectric proximity sensors, because of their extensive use in automotive and material handling applications, are part of the fastest growing technology segment of this market, capacitive proximity sensors are projected to record highest growth throughout the forecast period. Magnetic proximity sensors are the preferred choice for the detection of non-contact magnets. Other areas of application include automatic door units like garage doors, elevator doors, and doors inside railway coaches. High volumes of proximity sensors are used by the building and automotive sectors.

The need for better automation and recovery in automobile and manufacturing industries caused huge demand for proximity sensors and has fueled the growth of the market.

Material handling is one of the fastest growing application markets. The ever increasing smartphone business and strong growth in the capital investments are key drivers for the lucrative growth of the proximity sensors market in North America. However, limited sensing capabilities and limited product variation among different manufacturing companies are the major hindrances to the growth of the market.

Key Topics Covered:

1. Introduction
1.1 Study Deliverables
1.2 Key Findings of The Study
1.3 Research Methodology

2. Executive Summary

3. Market Dynamics
3.1 Market Overview
3.2 Drivers
3.2.1 Increase in Demand for Non-Contact Sensing Technology
3.2.2 Growth in Industrial Automation across developed countries
3.2.3 High Accuracy, Increased Repeatability, and Small Part Detection
3.3 Restraints
3.3.1 Limitations in Sensing Capabilities
3.3.2 Low-Cost Sensors availability and Increasing Threat to Scale down Quality
3.4 Industry Value Chain Analysis
3.5 Porters Five Force Analysis
3.5.1 Threat of New Entrants
3.5.2 Bargaining Power of Consumers
3.5.3 Bargaining Power of Suppliers
3.5.4 Threat of Substitute Products and Services
3.5.5 Intensity of Competitive Rivalry

4. Technology Snapshot

5. North America Proximity Sensors Market Segmentation
5.1 By Technology
5.1.1 Inductive
5.1.2 Capacitive
5.1.3 Photoelectric
5.1.4 Magnetic
5.2 By Detection Range
5.2.1 1 20mm
5.3 By Type
5.3.1 Fixed Distance
5.3.2 Adjustable Distance
5.4 By Industry
5.4.1 Aerospace & Defense
5.4.2 Automotive
5.4.3 Elevators and escalators industry
5.4.4 Manufacturing Industry
5.4.5 Consumer Electronics
5.4.6 Food & Beverage
5.4.7 Metals and mining industry
5.4.8 Others

6. SICK AG

7. Investment Analysis
7.1 Recent Mergers & Acquisitions
7.2 Investment Scenario & Opportunities

8. Future of Proximity Sensors Market

Company Profiles

• Panasonic Corporation
• Turck Inc
• Rockwell Automation, Inc.
• Omron Corporation
• Honeywell International Inc.
• Avago Technologies Inc.
• Fargo Controls Inc.
• Omron Corporation
• IFM Electronic GmbH
• Pepperl + Fuchs GmbH
• Fargo Controls

For more information about this report visit https://www.researchandmarkets.com/research/g2jcpd/north_america

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