North America Proximity Sensors Market
The North America proximity sensors market is projected to reach USD 1.23 billion by 2018 growing at a CAGR of 7.91% over the period 2014-2020. 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.
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.
This report describes a detailed study of the Porter’s five forces analysis, market segments, and current market trends. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of these players which includes the key growth strategies and competition analysis. The report also considers key trends that will impact the industry. Some of the leading suppliers of proximity sensors mentioned in the report are:
Honeywell International Inc.
What the report offers
Market definition for the North America proximity sensors market along with identification of key drivers and restraints for the market.
Market analysis for the North America proximity sensors market, with region specific assessments and competition analysis on a regional scale.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies which can influence the market on a regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
Identification and analysis of the macro and micro factors that affect the North America proximity sensors market on a regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.