The latest report on Proximity Sensors Market by Infinium Global Research gives complete coverage of the Proximity Sensors Market by in terms of key trends, market size, forecast and CAGR growth over the period of 2018 to 2024. In addition, the study covers deep dive into key product and applications trends in the regional markets of Proximity Sensors such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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Rising Trend of Process Automation in Factories and the Continuous Growth of Smartphone and Tablet Industry
A proximity sensor is a sensor able to detect the presence of nearby objects without any physical contact. Proximity sensors are commonly used in mobile devices. When the target is within nominal range the device lock screen UI will appear, thus emerging from what is known as sleep mode. Proximity sensors can have a high reliability and long functional life because of the absence of mechanical parts and lack of physical contact between sensor and the sensed object.
Rising trend of process automation in factories and the continuous growth of smartphone and tablet market, largely drive the proximity & displacement sensors market. The increase in consumer electronics industry has been the key factor driving the growth of the proximity sensor market. Growing need for accurate detection in the vehicles in order to prevent collisions is expected to have positive impact on the growth of the market.
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Growing Popularity Towards Contactless Sensing Applications and the Interest of Automobile Manufacturers Towards the Integration of Sensor Technology
Growing popularity towards contactless sensing applications and the interest of automobile manufacturers towards the integration of sensor technology in automotive security and infotainment systems will boost the market for proximity and displacement sensors. Recent developments in capacitive proximity detecting innovation that tends to have a few problems of IR sensors innovation could discover varied use in cell phones. Medical devices such as glucose monitors, ECG/KCG monitors and blood pressure monitors are also integrated with the proximity sensors. These factors are expected to contribute towards growing opportunity of the global proximity sensors significantly.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Proximity Sensors.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.