Proximity and Displacement Sensor Market Growing at 2.8% CAGR Due to Increasing Applications, Trends and Forecast 2014-2020

ResearchMoz added Latest Research Report titled ” Proximity and Displacement Sensor Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020 ” to it’s Large Report database.

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. In addition, these sensors are also used in smart devices such as smartphones and tablets to detect accidental touch screen taps when held to the ear for calls. There sensors are in demand due to the increasing demand for automated machineries in various industries such as automotive, food and beverages and process industries among others. In addition, the price of these sensors are falling drastically which is acting as a driver of this market.

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The global proximity and displacement sensors market is expected to witness significant growth during the forecast period. This is due to increasing demand for automation and the importance of feedback based production in all the industries. In addition, the growing awareness of safety in automobiles is also driving the market. Presently, the automotive industry holds the majority of the market and is expected to dominate the market during the forecast period. In addition, the introduction of unique safety features such as parking assist, automatic cruise control, side assist and lane assist in automobile is giving a boost to the use of proximity and displacement sensors market. Moreover, the use of these sensors in the process industries is also growing rapidly. Furthermore, the increasing concern for healthy living is increasing the demand of wearable technology which also uses proximity and displacement sensors.

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Table of Contents

Chapter 1 Preface
1.1 Research description
1.2 Research scope
1.3 Research methodology

Chapter 2 Executive Summary

Chapter 3 Market overview
3.1 Introduction
3.2 Value chain analysis
3.3 Market drivers
3.3.1 Increase in automotive and manufacturing applications areas
3.3.2 Increasing demand for efficient production methods
3.3.3 Increase in awareness of wearable technology
3.4 Market restraints
3.4.1 Limitations in sensing capabilities
3.5 Market opportunities
3.5.1 Emerging need in Automotive Industry
3.5.2 Application in the nanotechnology
3.6 Porter’s five force analysis
3.6.1 Bargaining power of suppliers – Low
3.6.2 Bargaining power of buyers – Medium
3.6.3 Degree of competition – High
3.6.4 Threat from new entrants – Medium
3.6.5 Threat from substitute products – Low
3.7 Market attractiveness, by industry, 2020
3.8 Market share of key players

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