Sensors to Benefit from Shift toward Better Automation

  Enquire / contact me

Increasingly automated production in Asia will make it the new magnet for sensor manufacturers

Sensors to Benefit from Shift toward Better Automation
Sensors to Benefit from Shift toward Better Automation

New and expanding applications, coupled with the shift to enhanced automation processes and controls, are restoring growth to the global market for proximity and displacement sensors, which suffered negative growth rates in 2009. New analysis from Frost & Sullivan, Analysis of the Proximity and Displacement Sensors Markets, finds that the market earned revenues of $2,427.5 million in 2011 and estimates this to reach $3,048.1 million in 2018. The research covers inductive, photoelectric, capacitive, magnetic, ultrasonic and LVDT sensors.
"The need for better automation is expected to allow for the conversion from older and less sophisticated controls to state-of-the-art automation," notes Frost & Sullivan Senior Industry Analyst V. Sankaranarayanan. "As a result, the number and range of sensors used in equipment is increasing."
Due to the rising sophistication in manufacturing processes, end-users are demanding more functionality from proximity sensors. Advanced network technologies (CompoNet and IO-Link) and diagnostic capabilities are some of the technical advancements that are also anticipated to boost market prospects.
Growth in mature markets such as Western Europe and North America is expected to be slow. The potential for further growth is limited, as most industrial processes are already using proximity and displacement sensors. In contrast, Asia is becoming progressively more important due to surging production and automation.
"Production in emerging economies, such as China and India, is becoming increasingly automated," explains Sankaranarayanan. "Robust economic growth in these regions is expected fuel the demand for proximity and displacement sensors."
Proximity sensors find application in almost every industry (due to the importance of feedback), underlining the widespread consumer demand for them. In addition to China and India, growth opportunities are also surfacing in other smaller Asian countries that have embarked on a path of economic development.
Keys to success will be emerging network technologies, solutions instead of products, regional growth markets and a successful distribution strategy. "It is important to offer more than just a sensor; market participants will have to focus on providing complete solutions," concludes Sankaranarayanan. "Price pressures will continue to pose a challenge, so vendors will need to constantly advance on the technological front."

Posted on August 6, 2012 - (189 views)
by
Related articles
Honeywell Demonstrates Security Threats of USB Devices
A Lab Oscilloscope for an Electric Superbike
US Healthcare Sector Votes for Cogeneration
Motion Solutions for Clean Energy Applications
Freeing up technicians to build an aircraft
Energy Efficiency & Renewable Energy: Harnessing the Power of the Consumer
A New Name for SPS IPC Drives in 2019
Link3D Presents its Technology to Boost Additive Manufacturing at Formnext 2018
Emerson will Modernize a Gas Processing Plant in Algeria
Intelliconnect at Electronica 2018
New JD Mini for Maximum Efficiency
Sensing Innovation in Process and Control
Connect Everything with e-Factory
System-based High Precision Linkages
Ultrasonic Flowmeter for Air
Reflowable Thermal Switch
Mobile, Multi-protocol Diagnostics Mercury
Microscope Optics for IR cameras
Level Switches RFS-9 and RFS-12
Digital Multimeter, Gas Soldering Iron and Carrying Case
Verigo Model PB3 Reusable Temperature Data Logger
Compact Power Modules
Modular Compact CPU Board
Absolute Modular Encoders
Connector for Data Transmission
Mass Flow Controller FMA-2600A Series
High-Performance Box PC
Compact True Color Sensor
A new performance class in inductive displacement measurements
Positioning System
Verigo Model PB3 Reusable Temperature Data Logger
Ultrasonic Flowmeter for Laboratory
Co-Creating the Industry of the Future
Ultra-Low Power Accelerometer for IoT
New JD Mini for Maximum Efficiency
Bonfiglioli BSR Synchronous Reluctance Motors
Reflowable Thermal Switch
Measuring the Position of Hydraulic and Telescopic Cylinders
AI Convention Europe Presents KAPTAIN
Ultrasonic Flowmeters for Compressed Air