New ARC Advisory Group research on Proximity Sensors reveals that advancement in technology has led to an increase in the use of intelligent devices such as proximity sensors. Each year, new product introductions provide higher value, driving investments in new equipment with better features and advanced technology. New features are incorporated to make production processes more precise, improve functionalities, reduce energy consumption, expand operational visibility, increase plant safety, and provide contextualized and time-relevant information to improve management and production floor decisions.
“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. As components of machines need to interact with each other, the degree of integrated intelligence will increase significantly, which also applies for sensors. Applications for proximity sensors will expand due to the increasing demand for improving energy and operational efficiencies, growing infrastructure investments, and expanding emerging economies,” according to Rajkumar Paira, Senior Analyst at ARC Advisory Group and key author of ARC’s Proximity Sensors Global Market Research 2017-2022 report.
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 modeling techniques. The research includes competitive analysis, plus five-year market forecasts by technology, region, industry, sales channel, and customer type.
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 up to five years of historical data in addition to 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.