NEW YORK, August 7, 2018 /PRNewswire/ --
Industries are rapidly using area sensors to streamline operations and enhance industrial efficiency.
Area sensors are proximity sensors used for positioning and detection of metal objects. Large industries have already been using area sensors for over a decade now. However, owing to innovations in the area sensing technology, area sensors are being rapidly adopted by small and medium enterprises. Used for streamlining operations, enhancing industrial automation, and changing manufacturing landscape, area sensing technologies are being increasingly adopted by industries, positively pushing the global area sensors market accounting for significant market value shares over the forecast period of 2018-2026.
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In a recently published report on the global area sensors market, Persistence Market Research delivers key insights and projects an attractive growth of the market. As per the market outlook, the global area sensors market is projected to grow at a robust CAGR of 6.0% in terms of value through 2026. The annual revenue from the area sensors market globally is likely to stand at a valuation of US$ 6,909.9 Mn by 2026. In terms of industry-wise adoption, the food packaging industry is estimated to represent the most attractive growth during the forecast period. Area sensors are being increasingly used in the packaging sector to enhance industrial efficiency, convenience, and precautions.
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The report also assays various drivers, restraints, opportunities, and trends likely to impact the market over the forecast period of 2018-2026. North America and Europe are expected to be the dominant regions in terms of market value & shipments of the Area Sensors market. However, during the forecast period, the market in SEA and other APAC is expected to overtake the market in Europe in terms of growth with a CAGR of 11.2%. Technological innovations in consumer electronics and automotive segment is likely to be responsible for high adoption of area sensors in these region, consequently attracting more investments from area sensor service providers in SEA and Other APAC region.
Key vendors in the area sensors market including Panasonic Corporation, Omron Corporation, Datalogic S.p.A., Keyence Corporation, and Delta Electronics are leveraging IoT advancements for area sensors integrations- for object identification and real-time location tracking.
Area Sensors Market Research Report Overview@https://www.persistencemarketresearch.com/market-research/area-sensors-market.asp
Industrial IoT Leading the Way for Area Sensors Adoption
Industrial Internet of Things (IIoT) has changed the entire industrial ecosystem. Increasing demand for sensor-based technologies for analysis, decision support purposes, and other processes including manufacturing and assembly line inspection is driving the growth of the area sensor market. Continuous innovation and increasing applications of smart sensors in multiple industries such as rubber, plastics and textile sectors are some major factors driving the growth of the area sensor market.
Also, the increasing adoption of building automation features in industries is further creating potential growth opportunities in the area sensor market. Globally, manufacturers in the industrial sector are making efforts to not just transform existing facilities from single or partially automated cells, but also to fully automate and integrate facilities to boost productivity, speed, quality and overall efficiency. This factor is fuelling demand for area sensing technologies in the manufacturing sector.
Moreover, combining other connecting platforms such as RFID, Bluetooth and HomeRF with area sensors is likely to increased adoption in industrial and building automation.
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"Fundamental understanding of sensor design is required in order to achieve efficient object detection. In order to design various styles of Area Sensors, manufacturers must decide upon mounting restrictions and key sensor specifications before sensor implementation. Large government funding for innovations and focus of manufacturers on upgrading industrial automation for increased efficiency will drive the area sensors adoption. Moreover, object detection is likely to be the most preferred application through the forecast period", Research Analyst, Electronics and Smart Devices, Persistence Market Research
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