Okay, you’ve read the headline and you know this article will discuss the position and proximity sensors markets, how they are going up, why, etc. As electronics engineers and designers, highly seasoned at reading, interpreting, and acting upon highly complex material, have you noticed that marketing people sometimes say the most absurd things? For example, Transparency Market Research states, referring to the position and proximity sensors markets, “Automotive Sector to Compete Intensely with Industrial Sector in the Adoption of Position and Proximity Sensors.” In layman’s terms, what the hell does that mean? Two diverse markets are going to compete in the use of (not the development of) components that are commonly used in almost all tech markets? One would tend to think that the position and proximity sensor makers, not the industrialists and auto makers, would compete with each other to corner as many of these markets as possible. But I digress.
Transparency Market Research’s (TMR’s) research report on global position and proximity sensors market presents an inclusive outlook of the global market with reference to the growth trajectory in terms of past, present, and future. The study looks at drivers, restraints, and opportunities, discourses market trends, offers data on companies operating in the market, and presents forward data such as product portfolio, company profile, mergers, agreements, competitive strategies, and acquisitions, along with other facts.
According to the report, he global position and proximity sensors market is projected to exhibit a CAGR of 5.5% over the course of the forecast period. The market is likely to cross a valuation of US$13,626.7 Million by the end of 2026. If you need more data, or confusing projections, both are readily available.
Transparency Market Research