DUBLIN, June 12, 2015 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/6n663m/global_proximity) has announced the addition of the "Global Proximity and Displacement Sensors Market (Type, Application, End Users and Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2013 - 2020" report to their offering.

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The global proximity & displacement sensors market to reach $5.32 billion by 2020, registering a CAGR of 8.7% during 2015 - 2020

Rising trend of process automation in factories and the continuous growth of smartphone and tablet market, largely drive the proximity & displacement sensors market. In addition, the declining price trend is expected to drive the market exponentially. Growing popularity towards contact less sensing applications and the interest of automobile manufacturers towards the integration of sensor technology in automotive security and infotainment systems will eventually uplift the market for proximity and displacement sensors. 

The basic types of proximity sensors are inductive, photoelectric, capacitive, magnetic, LVDT, and ultrasonic Sensors. With multiplicity of applications, inductive type shows highest market share (more than 30%) during the forecast period of (2014-2020). 

The application industries studied in the report include parking sensor systems, ground proximity warning system, anti-aircraft warfare, roller coasters, conveyor systems, vibration monitoring systems, assembly line testing, mobile devices and others. Parking sensor system holds the maximum revenue share presently, followed by conveyor system, and mobile devices. 

The proximity and displacement sensors, in accordance to end users, are segmented into industries such as automotive, pharmaceutical, pulp and paper, food and beverages, manufacturing, elevators and escalators, & metals and mining. 

The automobile and manufacturing industries hold a higher market share with higher unit cost along with a higher size of demand. 

The prominent players in this market are ifm electronics gmbh, Kaman Corporation, Keyence Corporation, Lion Precision Inc., Micron Optics, Inc., Omron Corporation, Panasonic Corporation, Pepperl+Fuchs, Standex-Meder Electronics Inc., and Turck Inc. These key players are profiled in the report with detailed information on their business overview, product portfolios, financials, investments, news and recent developments. 

Key Market Segmentation 

MARKET BY TYPE 

- Inductive sensors 
- Photoelectric sensors 
- Capacitive sensors 
- Ultrasonic sensors. 
- Magnetic sensors 
- LVDT sensors 

MARKET BY APPLICATION 

- Parking Sensor Systems 
- Ground Proximity Warning System 
- Anti-aircraft warfare 
- Assembly line automation 
- Vibration monitoring system 
- Roller coasters 
- Conveyor systems 
- Mobile devices 
- Others (detection of surface run-out of blades, precision thickness measurement, and disc driving spindle) 

MARKET BY END USERS 

- Automotive industry 
- Pharmaceutical industry 
- Food and beverage industry 
- Pulp and paper industry 
- Elevators and Escalators industry 
- Manufacturing industry 
- Metals and mining industry 

Key Players 

- ifm electronic gmbh 
- Kaman Corporation 
- Keyence Corporation 
- Lion Precision 
- Micron Optics, Inc. 
- Omron Corporation 
- Panasonic Corporation 
- Pepperl + Fuchs 
- Standex-Meder Electronics Inc. 
- TURCK, Inc. 

For more information visit http://www.researchandmarkets.com/research/6n663m/global_proximity

Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net

SOURCE Research and Markets