Transparency Market
Research
Proximity and Displacement Sensor Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast 2014 –
2020
Published Date
2015-04-20
90 Page Report
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Press Release
Proximity and Displacement Sensors Market is Expected to
Reach USD 3.56 billion in 2020
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Proximity and Displacement
Sensor Market
REPORT DESCRIPTION
According to a new market report published by Transparency Market Research “Proximity and
Displacement Sensor Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 2020,” the proximity and displacement sensor market was valued at USD 2.93 billion in 2013, growing at a
CAGR of 2.8% from 2014 to 2020 to account for USD 3.56 billion in 2020.
Browse the full Proximity and Displacement Sensor Market report at
http://www.transparencymarketresearch.com/proximity-displacement-sensors.html
The proximity and displacement sensors market is primarily driven due to the growing demand for
automation in the industrial sector. Moreover, the increasing awareness for efficiency in production is
acting as a driver for the proximity and displacement sensors. In addition, the rising concerns for safety in
automobiles are also fueling the growth for this market. Furthermore, the falling prices of components
required to manufacture this sensors is acting as a factor for growth in this market. The increasing demand
for wearable devices is another factor driving the growth of the market. The growing concern for healthy
living is acting as an opportunity for growth of wearable smart devices which use proximity and
displacement sensors. Moreover, these sensors are resistant to high pressure and temperature conditions,
which makes them ideal for industrial usage.
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