New ARC Advisory Group research on the Proximity Sensors market reveals that many end users are trying to optimize their performance by digitalizing processes and adopting disruptive technologies such as Big Data, analytics, cloud computing, and others. Sensors play a vital role in achieving these goals.
“The outlook remains positive for proximity sensors, especially in discrete industries because the macro trends that underlie the growth in this market are still in place. These trends include globalization, improving production and process controllability, reducing energy consumption, infrastructure expansion, emerging economies, and an increasing middle class in Asia,” according to Rajkumar Paira, Senior Analyst at ARC Advisory Group and key author of ARC’s Proximity Sensors Global Market Research report.
“In the future, most devices will be intelligent and online, bringing machine-to-machine communications to a new level. This will change how sensors are used in some way. As components of machines need to interact with each other, the degree of integrated intelligence will increase significantly, which also applies for sensors,” added Rajkumar.
About the Proximity Sensors Research
This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the proximity sensors market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts by regions, industry, sensor type, output signal, sales channels, and customers.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) - personalized spreadsheet includes the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.