Lewes, DE -- (SBWire) -- 06/16/2016 --Report forecast the global industrial sensors market to grow at a CAGR of 10.06% during the period 2016-2020.
Industrial sensors are transducers that convert physical quantity to electrical signals. The signals are processed through an electronic automation system and depict physical variation or error signal in the device or instrument. Industrial sensors are classified as position or velocity sensors, proximity sensors, pressure sensors, temperature sensors, and vibration or acceleration sensors. These industrial sensors have high degree of accuracy, reliability, range, and sensitivity and provide better control and automation of industrial processing units.
The report covers the present scenario and the growth prospects of the global industrial sensors market for 2016-2020. To calculate the market size, we consider revenue generated from sales and aftermarket services of industrial sensors.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, a key driver is growth in the industrial robotics market. Sensors are widely used in industrial robots for sensing, recognition, and interpretation. Some of the important sensors used are proximity sensors, range sensors, and force sensors. Proximity sensors are used to detect the availability of component. They are placed in the robot moving parts such as end effector. These sensors are switched on at a specified distance and measured by means of feet or millimeters. They are also used as a collision detector sensor to provide safe working environment. These sensors will send a signal to the robot to stop or limit its motion whenever the pressure is sensed on a soft surface such as that of humans. The collaborative robots will be equipped with these sensors in large numbers.
Further, the report states that one challenge that could restrict market growth is the miniaturization of sensors which affect performance.
Global Industrial Sensors Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the global industrial sensors market: Bosch Sensortec, Siemens, STMicroelectronics, and Texas Instruments.
Other Prominent Vendors in the market are: Analog Devices, Denso, GE, Honeywell International, Infineon, Itron, NXP, and Sensata.
Market driver
- Growth in industrial robotics market
- For a full, detailed list, view our report
Market challenge
- Miniaturization of sensors affecting performance
- For a full, detailed list, view our report
Market trend
- Emergence of industrial WSN
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 58 pages and 27 Exhibit "Global Industrial Sensors Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by end-user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/global-industrial-sensors-market-2016-2020
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