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World Proximity and Displacement Sensors MarketsPublished by: Frost & Sullivan Published: Jun. 30, 2007 - 116 Pages Table of Contents
AbstractThis Frost & Sullivan research service titled World Proximity and Displacement Sensors Market provides a detailed analysis of the global market for proximity and displacement sensors. In this research, Frost & Sullivan's expert analysts thoroughly examine the following sensor technologies: inductive, capacitive, photoelectric, magnetic, ultrasonic, and linear voltage differential transducers (LVDT).This analysis is available through our Sensors & Instrumentation Growth Partnership Service program. With this program, clients receive industry-leading market research such as this, along with technical and econometric data and many interactive features including Analyst Inquiry Time and Client Council. Market Sectors Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research: By Proximity and Displacement Sensors End User: The following technologies are covered in this research: Emerging Economies and Increasing Pursuit of Energy and Production Efficiency Drive Growth Spurred on by the emerging economies in Asia, Eastern Europe, and Latin America, the world proximity and displacement sensors market looks set for robust growth. Growth is also expected on account of the increasing pursuit of energy and production efficiency, as sensor solutions are crucial for achieving production efficiency and for eliminating unnecessary costs in the manufacturing process. Success in this global market place is expected to be defined by factors such as product differentiation, low-cost manufacturing, and the ability to offer complete solutions. Expertise in end-user vertical markets and customer service are also expected to play an important role in ensuring market success. However, the presence of numerous manufacturers and lack of technology differentiation is causing participants to compete as commodity manufacturers. This, along with the entry of cheaper sensors from countries such as China has had a negative impact on the profit margins as well as the overall market revenues. "Pricing pressure is expected to intensify toward the latter stages of the forecast period, as low-cost manufacturers improve techniques and introduce better products," notes the analyst of this research service. "Economic weakness in Western Europe and the lack of technological innovation in certain segments are the other major challenges seen in the market." Photoelectric Sensors remain the Dominant Revenue Segment Among the market segments, the photoelectric sensor segment was the largest revenue generating segment in 2006, accounting for 38 percent of revenues. Photoelectric sensors find widespread use in areas such as packaging, building automation, and automotive among others. The second largest segment in terms of revenues is the inductive sensors segment, which generated revenues of $792.6 million in 2006. This segment is expected to grow at a very steady rate during the forecast period as the technology is used in several industrial verticals and also continues to be specified for various applications. Furthermore, it is well understood, inexpensive, and can be used in applications involving extreme environmental conditions. Geographically, the North American market remains the largest, accounting for about 38.0 percent of the world revenues in 2006. While Europe was the second largest region, growth was sluggish recently due to several factors, including the poor economic growth in Western Europe. However, with new environment legislations and significant growth in Eastern Europe, the European proximity sensors market is likely to grow at a better than expected rate during the forecast period. "Powered by the two economic giants India and China, the Asia Pacific proximity and displacement sensors market is expected to witness robust growth rates throughout the forecast period," says the analyst. "Provided the global economic scenario does not experience any setbacks, this region, driven by factors such as investment and domestic demand, is likely to have some of the fastest growing end-user sectors." Get Full Details About This Report >> |
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