Transparency Market Research Single User License: USD 4315.5 Flat 10% Discount!! Global Proximity and Displacement Sensor Free Customization as per your requirement Market Driven by Growth of Automotive You will get Custom Report at Syndicated and Manufacturing Industry Report price Report will be delivered with in 15-20 working days Brochure Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com [email protected] Customization REPORT DESCRIPTION Proximity and displacement sensors are used to detect the presence of nearby objects without touching them physically. These sensors are embedded in machineries for machine vibration monitoring. This helps in measurement of variation in the distance between the shaft and it support bearing. The proximity and displacement sensor market finds its application in several industries. These include food and beverages, automotive, industrial manufacturing, process industries, and pharmaceutical. Know More About Proximity and Displacement Sensor Market @ http://www.transparencymarketresearch.com/proximity-displacement-sensors.html The proximity and displacement sensor market was valued at USD 2.93 billion in 2013, growing at a CAGR of 2.8% from 2014 to 2020 to account for USD 3.56 billion in 2020. It is driven due to the growing demand for automation in the industrial sector. Moreover, the increasing awareness for efficiency in production is acting as a driver for the proximity and displacement sensors. In addition, the rising concerns for safety in automobiles are also fueling the growth for this market. Furthermore, the falling prices of components required to manufacture this sensors is acting as a factor for growth in this market. The increasing demand for wearable devices is another factor driving the growth of the market. The growing concern for healthy living is acting as an opportunity for growth of wearable smart devices which use proximity and displacement sensors. Moreover, these sensors are resistant to high pressure and temperature conditions, which makes them ideal for industrial usage. Motion sensing is the dominant wearable technology. The rising concern for a healthy lifestyle is fueling the demand for wearable technology. The global wearable technology market is expected to soar at a CAGR of 40.8% during the forecast period of 2012 to 2018. Get the Sample Research Report @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1903 Photoelectric sensor held the highest market accounting to USD 843.4 million in 2014 and is expected to remain high during the forecast period. Demand for photoelectric sensor is attributed to their efficiency and durability. In addition, the growing importance of feedback in operations is driving the market and Asia Pacific region is expected to dominate the market during the forecast period. Asia Pacific is leading the global proximity and displacement sensor market. This region is becoming progressively more important due to its rapidly growing production and automation sector. This high demand for efficient production methods will drive the global proximity and displacement sensor market further. The process industries are anticipated to grow at a 2.95% CAGR during the forecasting horizon. The process industry is predicted to emerge as the fastest growing sector for proximity and displacement sensor and attain a sizable share in the foreseeable future. Click for Brochure Download @ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1903 About TMR Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact TMR Mr.Sudip S 90 State Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: [email protected] Website: http://www.transparencymarketresearch.com/
Global proximity and displacement sensors market was valued at USD 2.93 billion in 2013, growing at a CAGR of 2.8% from 2014 to 2020. The proximity and displacement sensors find their application in every industry because of the importance of feedback based operations, which is fueling the growth of this market.
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