Jan 29 2015
Research and Markets has announced the addition of the "Global Distance Measurement Sensors Market (2014 - 2020)" report to their offering.
The Distance Measurement Sensor Market is the amalgamation of a wide variety of technologies like Ultrasonic, LED, Laser and capacitive sensors among others. Recent technological advancements have reduced the average selling price of the product, components for manufacturing them further.
Distance measurement sensors can have a significant impact on the process automation and factory automation parts of a product manufacturer. As the accuracy levels increase the number of defective products is identified better, reducing recalls and the accuracy helps in faster production of assembly line products. The rising need for automation for faster production and supply is the primary market growth factor to this billion dollar industry.
Distance Measurement Sensors consist of a wide range of technologies each with their own range and accuracy. IndustryARC estimates the Global Distance Measurement Sensor market to grow at 2.6% year on year for the next six years. The market is estimated to reach $2.57bn by 2018 and become a $2.7bn industry by 2020.
The demand for Distance Measurement Sensor services is growing at a steady pace across the globe. The Ultrasonic distance measurement sensors produce frequencies equal to 20,000 cycles per second making them very accurate in sensing even the smaller objects and also at relatively low price. So these sensors are very widely used in this industry along with laser diodes giving them the edge and making them the largest product segment in this market.
Distance measurement sensors are used in varying applications like packaging, automation, robotics, safety systems and consumer electronics for varying purposes. Most companies manufacture a mixture of distance measurement sensors, proximity and displacement sensors and customize them based on the needs of the end consumer. This report segments the distance sensors market exclusively by the sensing technologies user in distance measurement, the end user applications and by the measurement technique used in the sensors. Through-beam, retro-reflective and time of flight are some of the commonly used measurement techniques.
In this report, the market has been segmented by geography as North America, Europe, Asia, and Rest of the World (RoW). Market size and forecast is provided for each of these regions. A detailed qualitative analysis of the factors responsible for driving and restraining growth of the distance sensors market and future opportunities are provided in the report.
This report on the Global Distance Measurement Sensor Market identifies many such insights and M&A opportunities, besides providing a detailed analysis of the Distance Measurement Sensor services and equipment market.
Distance measuring sensors are primarily in the industrial sector for automation purposes and for varied other jobs. The global market report has been studied and segmented into different segments based on the underlying sensing technology type used and also the end user applications.
Source: http://www.researchandmarkets.com/