Global Position and Proximity Sensors Market Insights & Growth Analysis Recorded at 5.5% CAGR during 2017 – 2026

A proximity sensor is basically a sensor type which holds the capability to identify the presence of objects in the vicinity without the need for physical or personal contact. Furthermore, position sensors are present in several systems which are used in today’s time, such as injection molding machines, packaging machines, medical equipment etc. To analyze the market presence for both these sensors, Market Research Reports Search Engine (MRRSE) has added a new report titled “Position and Proximity Sensors Market - Global Industry Analysis, Size, Growth, Trends, Share and Forecast 2017 – 2026”, to its broad online database. To summarize, this assessment offers perceptive insights associated to the chronological growth track of the market together with future prospects and current market scenario.

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According to research findings, the growing request for more accurate and effective spotting sensors in vehicles is seen as a major reason for the significant upsurge in the utility of proximity sensors all over the globe. Various manufacturers of automobiles are gradually integrating these sensors in vehicles for empowering sharp access. On the other hand, the aviation sector is projected to emerge as the foremost end user of proximity and position sensors due to its electromagnetic & ultrasound properties. The report reveals that, the global position and proximity sensors market is anticipated to exhibit 5.5% CAGR during the forecast period (2017-2026).

Based on region, the global position and proximity sensors market is divided into North America, Asia Pacific except Japan, Europe, Japan, Middle East and Africa and Latin America. Out of these, Asia Pacific except Japan region is expected to emerge as the leading market during the forecast period. Considering the end users, the overall market is classified into automotive, industrial, aerospace and defense, security, healthcare, transport, energy and utility, IT infrastructure, consumer and home appliances and others. The report discloses that the industrial sector would showcase dominant nature by the end of 2026, and acquire a valuation of US$2,537 Mn during the stated period.

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The final section of the report discusses the competitive dashboard that offers a clear picture about the rivalry prevalent among active vendors in the market. The profile of major players has been enclosed taking into consideration SWOT examination, product portfolio, finance related information, strategies and year-to-year projections. Some of the players examined in this smart report are AMS AG, Honeywell International, Inc., Allegro Microsystems, LLC, Infineon Technologies AG, MTS Systems Corporation, Qualcomm Technologies, Inc., TE Connectivity Ltd., and Renishaw PLC, among several others.

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This release was published on openPR.