Displacement Sensors (non-contact) Market to Hit Sales of US$ 13,743.53 Million By 2031
𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐑𝐞𝐩𝐨𝐫𝐭@- https://www.astuteanalytica.com/request-sample/displacement-sensors-non-contact-market
The displacement sensors (non-contact) market is witnessing significant growth due to a number of important factors, including the trend toward industrial automation, the rising electronic devices market, and the demand for contactless sensing technologies. The need for accurate and trustworthy position measurement is increasing by the rising need for automation and robotics across a number of sectors, including manufacturing, automotive, aerospace, and healthcare. Non-contact displacement sensors offer precise readings without physical contact, minimizing wear and tear and the possibility of damage or errors brought on by friction.
The usage of optical image stabilization (OIS) and electronic image stabilization (EIS) in smartphone camera applications is made possible by MEMS sensors. The popularity of displacement sensors in smart mobile devices is growing owing to these characteristics and capabilities. The use of displacement sensors in this industry is growing in the steadily expanding market for mobile devices. Global smartphone usage is likely to reach 5.25 billion users in 2023, representing a 4.9% yearly growth.
The idea of "smart homes" is growing in popularity, where homes are outfitted with technology that keeps an eye on conditions and enables proactive management. Future uses for displacement sensors are anticipated to include assisted living, in-home safety and security, and applications for automatic lighting, air conditioning, and smoke detection.
Non-Contact Sensor Attained More Than 90% of Market Revenue Share
The non-contact sensor segment dominated the 2022 market with a 91% market share. The use of integrated control systems in the consumer electronics industry, particularly in smartphones and tablets, is credited with the proliferation of non-contact sensors. Non-contact sensors have benefits, including quicker response times, the capacity to measure several places at once, and no pressure being applied to the object being measured.
Below 100mm Range Type to Attain More Than Half of the Revenue Share
The below 100mm range type segment accounted for 59.8% of the market and is likely to generate a revenue share of 61% by 2031. These sensors are utilized in several industries to evaluate and measure profiles on various item surfaces and detect gaps, bends, edges, and angles. The development of the below 100mm category is due to the improvements in consumer electronics and the use of sensors in mobile and tablet devices.
Automotive Industries are the Major End-Users of Displacement (Non-Contact) Sensors Market
In 2022, the automotive segment attained a revenue share of 35.5% of the market. The demand for displacement sensors is expanding as the automotive sector adopts more cutting-edge technologies. Displacement sensors are essential in automotive applications. The segment's global market expansion is also aided by the rise in disposable income and the expansion of the automotive sector. Additionally, Industry 4.0's introduction and rising spending on the research and development of new sensors are expected to propel the manufacturing sector's lucrative expansion. The market expansion in different industry verticals is further fueled by improvements in sensor technology and the introduction of new position sensors.
Asia Pacific to Generate a Revenue Share of 38.3% in the Global Displacement Sensors (Non-Contact) Market
With a market share of 35.9%, the Asia Pacific region is in a dominant position in the displacement sensors (non-contact) market. The region will expand at a compound annual growth rate (CAGR) of 5.88% over the course of the forecast year. The thriving automotive sector in the region and its use of cutting-edge technologies fuel the rising need for displacement sensors (non-contact) in the Asia Pacific region.
The demand for precise measurement technologies is growing by the expanding manufacturing sector in the Asia-Pacific region. As a result, the Asia-Pacific region is seeing an increase in demand for displacement sensing technologies. Additionally, the rising demand for consumer electronics products like smartphones, laptops, and tablets is bolstering the expansion of the local market. In 2023, the Asia Pacific region is predicted to have an increase in consumer electronics and technology sales, led by price-conscious customers and markets like those in India, Malaysia, Indonesia, and Vietnam.
Top 4 Players Capture Around 28% of Market Revenue Share
The market remains highly competitive, with several emerging players getting into the ecosystem. As per the analysis of Astute Analytica, the top 4 players, including Seimens, TE Connectivity, KEYENCE, and Panasonic generate about 28% of the market share. With Seimens and KEYENCE are the leaders generation about 13.6% and 5.9% of market revenue share.
𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐌𝐨𝐫𝐞 𝐅𝐮𝐥𝐥 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭@- https://www.astuteanalytica.com/industry-report/displacement-sensors-non-contact-market
Prominent Companies
• Acuity
• BANNER
• COGNEX
• ELAG
• KEYENCE
• Micro-Epsilon
• MTI Instruments
• OMRON
• OPTEX
• Panasonic
• SENSOPART
• SICK
• Sunny Optical
• Turck
• Vishay Intertechnology, Inc.
• ZSY
• Other Prominent Players
Segmentation Outline
The global displacement sensors (non-contact) market segmentation focuses on Type, Range Type, Technique, Resolution, Industry Vertical, and Region.
By Type
• Non-contact
o Optical/ Fiber Optic
o Laser
o Ultrasonic
o Eddy Current
• Contact
By Range Type
• Below 100mm
• 100- 500mm
• 500- 1000mm
• Others
By Technique
• Laser Triangle
o PSD Method
o CMOS (CCD) Method
• Optical Confocal
• Interferometer
• TOF
• Others (Ultrasonic, Eddy Current, etc.)
By Resolution
• 0 - 200 nm
• 200 - 500 nm
• More than 500 nm
By Industry Vertical
• Automotive
• Aerospace
• Military
• Medical
• Industrial Manufacturing
• Electrical and Electronics
• Photovoltaic
• Others
By Region
• North America
o The U.S.
o Canada
o Mexico
• Europe
• Western Europe
The UK
Germany
France
Italy
Spain
o Rest of Western Europe
• Eastern Europe
Poland
Russia
o Rest of Eastern Europe
• Asia Pacific
o China
o India
o Japan
o South Korea
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
• Middle East & Africa
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
• South America
o Argentina
o Brazil
o Rest of South America
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐑𝐞𝐩𝐨𝐫𝐭@- https://www.astuteanalytica.com/request-sample/displacement-sensors-non-contact-market
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Astute Analytica
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