Proximity Sensors Cozy Into Comfortable Market Position

According to Persistence Market Research (PMR), the global inductive proximity sensors market is expected to register a global CAGR of 9.4% from 2018 to 2026. Global annual revenue from inductive proximity sensors, says PMR, was valued at $1,278.6 Million by the end of 2017, and is estimated to grow at a steady pace over the forecast period from 2018 to 2026. Value growth of the global inductive proximity sensors market is estimated to grow continuously with a CAGR of 9.4% during the forecast period.

 

Notable Predictions & Observations

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  • SEA and Others of APAC, Europe, and North America will achieve significant market value shares by the end of the forecast period.
  • Inductive proximity sensors used to enable industrial automation are expected to register the most attractive growth.
  • Inductive proximity sensors functioning with amplifier in cable are expected to gain the highest market share penetration.
  • North American market is estimated to hold the highest market share due to growth in the consumer electronics sector.
  • Participants in the global inductive proximity sensors market include SICK AG; Panasonic Corporation; Omron Corporation; Datalogic S.p.A.; Keyence Corporation; Delta Electronics, Inc.; Au tonics Corporation; Rockwell Automation GmbH; Pepperl+Fuchs; and Riko Opto-electronics Co., Ltd. 

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