China Proximity Sensors Market - By Technology ( Inductive, Capacitive, Photoelectric, Magnetic), Detection Range ( Less than 5 mm, 5 to 10 mm, 10 to 20 mm,greater than 20 mm), Type ( Fixed Distance, Adjustable Distance), Industry, Trends, Forecast - (2017 - 2022)
The China Proximity Sensors Market is valued at USD 0.38 billion in 2016 and is expected to reach a value of USD 0.65 billion by the end of 2022, growing at a projected CAGR of 9.6% during the forecast period of 2017 - 2022. Huge demand for proximity sensors in the automotive and industrial applications has fueled the growth of the market in China, which accounted for the highest market share of 27% in the Asia Pacific region. China is projected to record a huge growth rate because of the strong demand from automotive and manufacturing industries. Material handling is one of the fastest growing application markets.
The ever increasing smartphone business and strong growth in the capital investments are key drivers for the lucrative growth of the proximity sensors market in China. However, limited sensing capabilities and limited product variation among different manufacturing companies are the major hindrances to the growth of the market.
The proximity sensors market is segmented on the basis of type, technology, and end-user industry. While photoelectric proximity sensors, due to their extensive use in automotive and material handling applications, are part of the fastest growing technology segment of this market, capacitive proximity sensors are projected to record the highest growth throughout the forecast period. Magnetic proximity sensors are the preferred choice for the detection of non-contact magnets. Other areas of application include automatic door units like garage doors, elevator doors, and doors inside railway coaches.
High volumes of proximity sensors are used by the building and automotive sectors. The China Proximity Sensors Market report describes a detailed study of the Porter\'s five forces analysis, market segments, and current market trends. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of these players which includes the key growth strategies and competition analysis. The report also considers key trends that will impact the industry. Some of the leading suppliers of proximity sensors mentioned in the report are: GE Honeywell International Inc. Panasonic Corporation Fargo Controls Omron
What the report offers
Market definition for the China proximity sensors market along with identification of key drivers and restraints for the market. Market analysis for the China proximity sensors market, with region specific assessments and competition analysis on a regional scale. Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies which can influence the market on a regional scale. Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share. Identification and analysis of the macro and micro factors that affect the China proximity sensors market on a regional scale. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Published By: Mordor Intelligence
Published Date: Q1 2017