LONDON /BUSINESS WIRE/ -- In 2009, the world market for proximity and displacement sensors registered negative growth, given the unfavorable impact of the global economic crisis. New as well as expanding applications, along with shift to increased automation processes and controls, significantly contributed to the market recovery. In 2011, the revenues of the worldwide proximity and displacement sensors market were estimated at above $2.4 billion.
The global market for proximity and displacement sensors is expected to generate revenues exceeding $3 billion in 2018. The mature markets of North America and western Europe are forecast to experience slow growth in the upcoming years. Meanwhile, Asia has great growth potential, with especially robust growth likely to be registered in India and China.
Research report "Proximity and Displacement Sensors: Market Research Report" prepared by Global Industry Analysts (GIA) presents extensive analysis of the worldwide markets for proximity and displacement sensors by drawing a clear picture of the actual markets' state and by examining the prevailing trends shaping the markets. It provides essential historical and present data on the markets, including annual estimates and key statistical findings; offers overviews of existing products as well as recent product launches and important industry activities. Besides, 117 market participants are profiled in the report. In addition, the study outlines global market prospects through 2018.
More market research studies by GIA can be found online.