Global Market Study on Area Sensors: Picking System Applications Expected to Register the Largest Value Share Through 2026


Area Sensors  Market
  • Published On : Jul-2018 |
  • Pages : 192 Pages |
  • Format :

Report Synopsis

Persistence Market Research (PMR) offers an 8-year forecast for the global area sensors market between 2018 and 2026. In terms of value, the area sensors market is expected to register a steady growth rate during the forecast period. This study demonstrates the area sensors market dynamics and trends globally across seven regions: North America, Latin America, Europe, SEA & Other APAC, Japan, China, and MEA, which influence the current nature and future status of the area sensors market during the forecast period.

Report Description

This research report provides a detailed analysis of the area sensors market and offers insights on the various factors driving the popularity of area sensors and their features. The report includes an extensive analysis of key industry drivers, restraints, market trends, and market structure. The area sensors market study provides a comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. The report segregates the area sensors market based on their applications and industries across different regions globally.

The area sensors market is anticipated to witness steady growth during the forecast period owing to the usage of area sensor technology by large industries. With improved technology and rising disposable income, area sensor technology has been adopted by small and medium-sized enterprises as well. Area sensors are widely used by all tier companies to streamline operations, enhance industrial automation, and change the manufacturing landscape of the company. Thus, the usage of area sensors in industrial automation is gaining importance in various industries.  

The report starts with an overview of the area sensors market in terms of value. In addition, this section includes the analysis of key trends, drivers, and restraints from the supply, demand, and economy, which are influencing the area sensors market.

On the basis of application, the area sensors market is segmented into equipment protection, object detection, picking systems, personnel safety, and positioning & examination, among others. Area sensors find applications in various industries, such as food packaging, pharmaceuticals, electronics, automotive, and material science, among others.

A detailed analysis has been provided for every segment in terms of market size analysis for the area sensors market across different regions. The section provides a detailed analysis covering key trends of the global area sensors market.

The next section provides a detailed analysis of the area sensors market across various countries in the region. It provides a market outlook from 2018 to 2026 and sets the forecast within the context of the area sensors market, which includes latest technological developments as well as offerings in the market. This study discusses key trends within countries contributing to the growth of the area sensors market, as well as analyses the degree at which drivers are influencing the area sensors market in each region. Key regions and countries assessed in this report include North America (U.S., Canada), Latin America (Brazil, Mexico, & Rest of Latin America), Europe (Germany, France, UK, Italy, Spain, Russia, & the rest of Europe), SEA & Other APAC (India, Indonesia, Philippines, Thailand, Malaysia, Oceania, and the rest of SEA & Other APAC), Japan, China, and MEA (GCC Countries, Turkey, South Africa, Northern Africa, & the rest of MEA). This report evaluates the present scenario and the growth prospects of the area sensors market across various regions globally for the period 2018 –2026. We have considered 2017 as the base year and provided data for the remaining 12 months.

To offer an accurate forecast, we started by sizing the current market, which forms the basis of how the area sensors market will grow in the future. Given the characteristics of the market, we have triangulated the outcome of different types of analysis based on the technology trends.

As previously highlighted, the global area sensors market is split into a number of segments. All segments in terms of application, industry, and different regions are analyzed in terms of the basis points system to understand the relative contribution of individual segments to the growth of the area sensors market. This detailed level of information is important for the identification of various key trends in the global area sensors market.

Another key feature of this report is the analysis of all key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global area sensors market.

In the final section of the report, we have included a competitive landscape to provide clients a dashboard view based on categories of providers in the value chain, their presence in the area sensors portfolio, and key differentiators. This section is primarily designed to provide clients an objective and detailed comparative assessment of key providers specific to a market segment in the area sensors supply chain and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on an in-depth assessment of capabilities and success in the marketplace. Detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings, and recent developments in the area sensors market. Key competitors covered in the area sensors market report are SICK AG; Panasonic Corporation; Omron Corporation; Datalogic S.p.A.; Keyence Corporation; Delta Electronics, Inc.; Autonics Corporation; Rockwell Automation GmbH; Pepperl+Fuchs; and Riko Opto-electronics Co., Ltd.

Key Segments Covered

  • Industry
  • Food Packaging
  • Pharmaceutical
  • Electronics
  • Automotive
  • Material Sciences
  • Others
  • Application
  • Equipment Protection
  • Object Detection
  • Picking Systems
  • Personnel Safety
  • Positioning and Examination
  • Others

Key Regions Covered

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe
    • Germany
    • France
    • K.
    • Spain
    • Italy
    • Russia
    • Rest of Europe
  • SEA and Other of APAC
    • India
    • Indonesia
    • Philippines
    • Thailand
    • Malaysia
    • Oceania
    • Rest of SEA and Other APAC
  • Japan
  • China
  • MEA
    • GCC Countries
    • Turkey
    • South Africa
    • North Africa
    • Rest of MEA

The global area sensors market is estimated to be valued at US$ 4,123.8 Mn by the end of 2017, and is expected to grow in the coming years at a CAGR of 6.0% in terms of value over the forecast period. The global area sensors market is expected to represent a considerable incremental opportunity between 2018 and 2028.

On the basis of application, the area sensors market is segmented into equipment protection, object detection, picking systems, personnel safety, and positioning & examination, among others. Area sensors find applications in various industries, such as food packaging, pharmaceuticals, electronics, automotive, and material science, among others. Key regions and countries assessed in the area sensors report include North America (U.S., Canada), Latin America (Brazil, Mexico, & Rest of Latin America), Europe (Germany, France, UK, Italy, Spain, Russia, & the rest of Europe), SEA & Other APAC (India, Indonesia, Philippines, Thailand, Malaysia, Oceania, and the rest of SEA & Other APAC), Japan, China, and MEA (GCC Countries, Turkey, South Africa, Northern Africa, & the rest of MEA).

According to PMR analysis, area sensors are widely used by all tier companies to streamline operations, enhance industrial automation, and change the manufacturing landscape of the company. Thus, the usage of area sensors in industrial automation is gaining importance in various industries. The growth in the global area sensors market is driven by their increasing demand in the industrial automation applications sector. Increase in the number of vendors that enable industrial automation and an increasing demand for Industrial Internet of Things (IIoT) are important factors driving the area sensors market.

area sensors market

The area sensors market in North America holds the largest value share in the global market and is likely to maintain its dominance in the global area sensors market during the forecast period. However, the SEA & Other APAC region is expected to register the highest growth rate. The area sensors market has high potential in SEA & Other APAC owing to the major technological advancements in consumer electronics and automotive markets. Thus, the area sensors market in SEA & Others of APAC region will be targeted the most by area sensors market participants. The need to enhance the productivity and efficiency of industrial processes is expected to attract the attention of area sensor service providers toward the SEA & Other APAC region.

Moreover, growth in the food packaging sector has a significant impact on the area sensors market. Area sensors are being increasingly used in various industries to enhance the overall functional efficiency, convenience, and precautions. The growth in area sensor markets across the globe is driven by their increasing demand in the food and beverage packaging applications sector. Increase in the number of food and beverages industries and growth in the demand for canned and packaged foods are important factors driving the area sensors market. Area sensors are being increasingly used in the packaging sector to enhance the industrial efficiency, convenience, and precautions.

Another factor that drives the global area sensors market is that area sensors are rarely affected by temperature fluctuations and foreign impurities, such as dirt and water. The need for the enhanced safety of personnel as well as equipment in industries is contributing to the growth of the global area sensors market. Increase in the number of electronic component manufacturing industries as well as the need to eradicate humane errors in the assembly of electronics and automotive components are important factors driving the area sensors market. Companies offer customized area sensors based on the requirements of companies.

The vendors in the market are now focusing on the integration of area sensors with IoT to identify an object and its real-time location. Some of the market vendors in this study of the global area sensors market include SICK AG; Panasonic Corporation; Omron Corporation; Datalogic S.p.A.; Keyence Corporation; Delta Electronics, Inc.; Autonics Corporation; Rockwell Automation GmbH; Pepperl+Fuchs; and Riko Opto-electronics Co., Ltd.

Companies Profiles

  • SICK AG
  • Panasonic Corporation
  • Omron Corporation
  • Datalogic S.p.A.
  • Keyence Corporation
  • Delta Electronics, Inc.
  • Autonics Corporation
  • Rockwell Automation GmbH
  • Pepperl+Fuchs
  • Riko Opto-electronics Co., Ltd.
  • Others

 

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