Distance Measurement Sensor Market is expected to reach $2.7 Billion by 2020


Posted June 23, 2015 by IARCAutomation

The Distance Measurement Sensor Market has been segmented on the basis of products and regional markets. Detailed analysis is given for each of its product types along with its drivers, restraints and challenges in terms of revenue from 2013 to 2020.
 
With growing technology, the automation and instrumentation industries have been very lucky in the past years. With the demand and support that they are receiving, they are clearly expected to see further growth and a high boom in the future. One such product from this industry is the Distance Measurement Sensor Device. As the name suggests, these devices use sensor systems to trace the distance between two given points.

The Distance Measurement Sensor Market is the amalgamation of a wide variety of technologies like Ultrasonic, LED, Laser, Capacitive Sensors, etc. Distance measurement sensors are used in varying applications like packaging, automation, robotics, safety systems and consumer electronics for varying purposes. They typically use inductive, capacitive, ultrasonic, IR, photoelectric and CMOS sensing technologies based on the distance of measurement, accuracy and speed of measurement. Most companies manufacture a mixture of distance measurement sensors, proximity and displacement sensors and customize them based on the needs of the end consumer.

Table of contents and insights:

http://industryarc.com/Report/62/Global-Distance-Measurement-Sensors-Market.html

What our report offers in detail:

• Segmentation of the Market: Based on Products and Regions.
• Driving factors of the market,
• Restraints,
• Challenges,
• Revenue insights,
• Detailed research on the players:
1. Attributes of company overview,
2. Financial overview,
3. Business strategies,
4. Product portfolio and
5. Recent developments.
Some key players of this industry being:
• SICK
• Omron
• Pepperl+Fuchs
• Baumer
• Banner Engineering and others.

Logical Estimation:

The main factor for this billion dollar company is the rising need for automation for faster production and supply. IndustryARC estimates the Global Distance Measurement Sensor market to grow at 2.6% in the coming six years. The market is estimated to become a $2.7bn industry by 2020!

Additional Insights:

Ultrasonic Distance Measuring Sensors provide information on an absolute position of a target or moving object. For glossy surfaces, transparent objects or in environments with a high degree of dust and humidity, ultrasonic technologies are often the only alternative to mechanical probing.

The Ultrasonic distance measurement sensors produce frequencies equal to 20,000 cycles per second making them very accurate in sensing even the smaller objects and also at relatively low price. So these sensors are very widely used in this industry. Applications for ultrasonic distance measuring sensors include level detection, stack height control as well as absolute position feedback.

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About Us:

IndustryARC is a research and consulting firm that publishes more than 20 reports every month in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. Contact us to find out how we can help you today!


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Last Updated June 23, 2015