Aug 23 2013
Research and Markets has announced the addition of the "Position Sensor Market in North America 2012-2016" report to their offering.
The analysts forecast the Position Sensor market in North America to grow at a CAGR of 7.58 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing adoption of sensors in the Aerospace industry. The Position Sensor market in North America has also been witnessing the development of wireless technology. However, the increasing shift of manufacturing operations to developing countries could pose a challenge to the growth of this market.
The key vendors dominating this market space include IFM electronics GmbH, Schneider Electric SA, and Turck GmbH & Co. KG.
The other vendors mentioned in the report are Banner Engineering Corp., Denso Corp., Eaton Corp., Honeywell International Inc., Omron Corp., and Siemens AG.
Commenting on the report, an analyst from the team said: Development in wireless technology will help IWSNs to be used across a wide range of applications in the Industrial sector and will also help reduce operational costs in the long run. There has already been high adoption of wireless technologies such as Bluetooth, ZigBee, and Wi-Fi. The use of these wireless technologies has allowed IWSNs to be used in the Automotive and Healthcare industries. Other solutions such as WirelessHART, SP100, also aid in the widespread use of IWSNs across various applications. The impact of the development of wireless technology and its use for different applications is expected to be high during the forecast period.
According to the report, the Position Sensor Market in North America is witnessing many growth drivers such as the increasing adoption of position sensors, including in the Aerospace industry. Various types of position sensors including inductive proximity sensors, inductive linear displacement sensors, RVDTs, and LVDTs, have been used in the Aerospace industry for better monitoring and effective functioning of aerospace parts.
Source: http://www.researchandmarkets.com/