The Asia-Pacific proximity and displacement sensor market size was valued at $2.97 billion in 2020, and is projected to reach $7.96 billion by 2030, registering a CAGR of 10.5% from 2021 to 2030.
The Asia-Pacific proximity and displacement sensors market consists of large number of suppliers providing various proximity and displacement sensors. The key players such as Ifm Electronic GmbH, Kaman Corporation, Keyence Corporation, Omron Corporation, Balluff GmbH, and Eaton provide sensor products across the countries in Asia-Pacific. Apart from big players, plenty of local players provide these products in their respective regions.
Expanding application along with shift toward automation of the processes is increasing the demand for sensors in every industrial sector. Thus, the buyer would purchase the products in higher volume. Buyers such as manufacturing companies, automotive companies, and paper & pulp industries focus on procuring necessary sensors rather than developing the same in-house, thereby lowering the threat of their backward integration. The sensor suppliers focus on product differentiation strategies as well as enhancing product offerings.
In automobile industry, manufacturers focus on developing smart infotainment and vehicle security system for cars. Proximity and displacement sensors are used for these purposes since decades. Application range for sensors in automobile increases with improved R&D efforts by automobile manufacturers. Presently, as a convenience and security measure, these sensors are used in intelligent parking systems and ground proximity warning systems.
Asia-Pacific proximity and displacement sensor market is segmented into type, application, end user, and country. Depending on type, it is segregated into inductive, photoelectric, capacitive, magnetic, LVDT, and ultrasonic sensors. According to application, it is classified into parking sensor systems, ground proximity warning system, anti-aircraft warfare, roller coasters, conveyor systems, vibration monitoring systems, assembly line testing, mobile devices, and others. As per end user, it is classified into automotive, pharmaceutical, pulp & paper, food & beverages, manufacturing, elevators & escalators, and metals & mining. Country wise, the Asia-Pacific market is analyzed across China, Japan, India, South Korea, and rest of Asia-Pacific.
The prominent players in the Asia Pacific market are IFM Electronics GmbH, Kaman Corporation, Keyence Corporation, SICK AG, Micron Optics, Inc., Omron Corporation, Panasonic Corporation, Pepperl+Fuchs, Standex-Meder Electronics Inc., and Turck Inc. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.
The Asia-Pacific proximity and displacement sensors market consists of large number of suppliers providing various proximity and displacement sensors. The key players such as Ifm Electronic GmbH, Kaman Corporation, Keyence Corporation, Omron Corporation, Balluff GmbH, and Eaton provide sensor products across the countries in Asia-Pacific. Apart from big players, plenty of local players provide these products in their respective regions.
Expanding application along with shift toward automation of the processes is increasing the demand for sensors in every industrial sector. Thus, the buyer would purchase the products in higher volume. Buyers such as manufacturing companies, automotive companies, and paper & pulp industries focus on procuring necessary sensors rather than developing the same in-house, thereby lowering the threat of their backward integration. The sensor suppliers focus on product differentiation strategies as well as enhancing product offerings.
In automobile industry, manufacturers focus on developing smart infotainment and vehicle security system for cars. Proximity and displacement sensors are used for these purposes since decades. Application range for sensors in automobile increases with improved R&D efforts by automobile manufacturers. Presently, as a convenience and security measure, these sensors are used in intelligent parking systems and ground proximity warning systems.
Asia-Pacific proximity and displacement sensor market is segmented into type, application, end user, and country. Depending on type, it is segregated into inductive, photoelectric, capacitive, magnetic, LVDT, and ultrasonic sensors. According to application, it is classified into parking sensor systems, ground proximity warning system, anti-aircraft warfare, roller coasters, conveyor systems, vibration monitoring systems, assembly line testing, mobile devices, and others. As per end user, it is classified into automotive, pharmaceutical, pulp & paper, food & beverages, manufacturing, elevators & escalators, and metals & mining. Country wise, the Asia-Pacific market is analyzed across China, Japan, India, South Korea, and rest of Asia-Pacific.
The prominent players in the Asia Pacific market are IFM Electronics GmbH, Kaman Corporation, Keyence Corporation, SICK AG, Micron Optics, Inc., Omron Corporation, Panasonic Corporation, Pepperl+Fuchs, Standex-Meder Electronics Inc., and Turck Inc. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.
KEY BENEFITS FOR STAKEHOLDERS
- This study comprises analytical depiction of the Asia-Pacific proximity and displacement sensor market size, Asia-Pacific proximity and displacement sensor market opportunity along with current trends and future estimations to depict imminent investment pockets
- The overall Asia-Pacific proximity and displacement sensor market analysis is determined to understand profitable trends to gain a stronger foothold
- The report presents information related to key drivers, restraints, Asia-Pacific proximity and displacement sensor market size, and opportunities with a detailed impact analysis
- The Asia-Pacific proximity and displacement sensor market outlook forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency
- Porter’s five forces analysis illustrates potency of buyers and the market share of key vendors
- The report includes market trends and the Asia-Pacific proximity and displacement sensor market share of key vendors
Key Market Segments
The market is segmented on the basis of type, application, and end user, and country.MARKET By Type
- Inductive Sensors
- Photoelectric Sensors
- Capacitive Sensors
- Ultrasonic Sensors
- Magnetic Sensors
- LVDT Sensors
MARKET BY END USERS
- Automotive
- Healthcare
- Manufacturing
- Food and Beverage
- Others
MARKET BY COUNTRY
- China
- Japan
- India
- South Korea
- Rest of Asia
Table of Contents
Chapter 1: Introduction1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
Chapter 2: Executive Summary
2.1. Cxo Perspective
Chapter 3: Market Landscape
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
3.3.1. Bargaining Power of Suppliers
3.3.2. Threat of New Entrants
3.3.3. Threat of Substitutes
3.3.4. Competitive Rivalry
3.3.5. Bargaining Power Among Buyers
3.4. Market Share Analysis/Top Player Positioning
3.4.1. Market Share Analysis/Top Player Positioning 2020
3.5. Market Dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. Covid-19 Impact Analysis
Chapter 4: Asia-Pacific Proximity and Displacement Sensor Market, by Type
4.1. Market Overview
4.1.1 Market Size and Forecast, by Type
4.2. Inductive Sensor
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast, by Country
4.2.3. Market Share Analysis, by Country
4.3. Photoelectric Sensor
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast, by Country
4.3.3. Market Share Analysis, by Country
4.4. Capacitive Sensor
4.4.1. Key Market Trends, Growth Factors and Opportunities
4.4.2. Market Size and Forecast, by Country
4.4.3. Market Share Analysis, by Country
4.5. Ultrasonic Sensor
4.5.1. Key Market Trends, Growth Factors and Opportunities
4.5.2. Market Size and Forecast, by Country
4.5.3. Market Share Analysis, by Country
4.6. Magnetic Sensor
4.6.1. Key Market Trends, Growth Factors and Opportunities
4.6.2. Market Size and Forecast, by Country
4.6.3. Market Share Analysis, by Country
4.7. Lvdt Sensor
4.7.1. Key Market Trends, Growth Factors and Opportunities
4.7.2. Market Size and Forecast, by Country
4.7.3. Market Share Analysis, by Country
4.8. Others
4.8.1. Key Market Trends, Growth Factors and Opportunities
4.8.2. Market Size and Forecast, by Country
4.8.3. Market Share Analysis, by Country
Chapter 5: Asia-Pacific Proximity and Displacement Sensor Market, by End-user
5.1. Market Overview
5.1.1 Market Size and Forecast, by End-user
5.2. Automotive
5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast, by Country
5.2.3. Market Share Analysis, by Country
5.3. Healthcare
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast, by Country
5.3.3. Market Share Analysis, by Country
5.4. Manufacturing
5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast, by Country
5.4.3. Market Share Analysis, by Country
5.5. Food and Beverage
5.5.1. Key Market Trends, Growth Factors and Opportunities
5.5.2. Market Size and Forecast, by Country
5.5.3. Market Share Analysis, by Country
5.6. Others
5.6.1. Key Market Trends, Growth Factors and Opportunities
5.6.2. Market Size and Forecast, by Country
5.6.3. Market Share Analysis, by Country
Chapter 6: Asia-Pacific Proximity and Displacement Sensor Market, by Country
6.1. Market Overview
6.2. China
6.2.1. Market Size and Forecast, by Type
6.2.2. Market Size and Forecast, by End-user
6.3. Japan
6.3.1. Market Size and Forecast, by Type
6.3.2. Market Size and Forecast, by End-user
6.4. India
6.4.1. Market Size and Forecast, by Type
6.4.2. Market Size and Forecast, by End-user
6.5. South Korea
6.5.1. Market Size and Forecast, by Type
6.5.2. Market Size and Forecast, by End-user
6.6. Rest of Asia-Pacific
6.6.1. Market Size and Forecast, by Type
6.6.2. Market Size and Forecast, by End-user
Chapter 7: Company Profiles
7.1. Company 1
7.1.1. Company Overview
7.1.2. Key Executives
7.1.3. Company Snapshot
7.1.4. Operating Business Segments
7.1.5. Product Portfolio
7.1.6. Business Performance
7.1.7. Key Strategic Moves and Developments
7.2. Company 2
7.2.1. Company Overview
7.2.2. Key Executives
7.2.3. Company Snapshot
7.2.4. Operating Business Segments
7.2.5. Product Portfolio
7.2.6. Business Performance
7.2.7. Key Strategic Moves and Developments
7.3. Company 3
7.3.1. Company Overview
7.3.2. Key Executives
7.3.3. Company Snapshot
7.3.4. Operating Business Segments
7.3.5. Product Portfolio
7.3.6. Business Performance
7.3.7. Key Strategic Moves and Developments
7.4. Company 4
7.4.1. Company Overview
7.4.2. Key Executives
7.4.3. Company Snapshot
7.4.4. Operating Business Segments
7.4.5. Product Portfolio
7.4.6. Business Performance
7.4.7. Key Strategic Moves and Developments
7.5. Company 5
7.5.1. Company Overview
7.5.2. Key Executives
7.5.3. Company Snapshot
7.5.4. Operating Business Segments
7.5.5. Product Portfolio
7.5.6. Business Performance
7.5.7. Key Strategic Moves and Developments
7.6. Company 6
7.6.1. Company Overview
7.6.2. Key Executives
7.6.3. Company Snapshot
7.6.4. Operating Business Segments
7.6.5. Product Portfolio
7.6.6. Business Performance
7.6.7. Key Strategic Moves and Developments
7.7. Company 7
7.7.1. Company Overview
7.7.2. Key Executives
7.7.3. Company Snapshot
7.7.4. Operating Business Segments
7.7.5. Product Portfolio
7.7.6. Business Performance
7.7.7. Key Strategic Moves and Developments
7.8. Company 8
7.8.1. Company Overview
7.8.2. Key Executives
7.8.3. Company Snapshot
7.8.4. Operating Business Segments
7.8.5. Product Portfolio
7.8.6. Business Performance
7.8.7. Key Strategic Moves and Developments
7.9. Company 9
7.9.1. Company Overview
7.9.2. Key Executives
7.9.3. Company Snapshot
7.9.4. Operating Business Segments
7.9.5. Product Portfolio
7.9.6. Business Performance
7.9.7. Key Strategic Moves and Developments
7.10. Company 10
7.10.1. Company Overview
7.10.2. Key Executives
7.10.3. Company Snapshot
7.10.4. Operating Business Segments
7.10.5. Product Portfolio
7.10.6. Business Performance
7.10.7. Key Strategic Moves and Developments
Note: *Details on Financial Performance and Strategic Moves and Developments May Not Be Captured For
Unlisted Companies.
*List of Companies Profiled in this Toc is Tentative and May Change After Detailed Analysis.
*Market Size and Forecast Will Be Provided from 2020-2030, and Forecast Period Would Be 2021-2030.
*The Provided Information and Segments Are for Representation Purpose Only. The Actual Information
Delivered Would Change Significantly as Per Findings During the Course of Study and Upon Its
Completion.
List of Tables
Table 1. Asia-Pacific Proximity and Displacement Sensor Market, by Type, 2020-2030 ($Million)
Table 2. Asia-Pacific Proximity and Displacement Sensor Market for Inductive Sensor, by Country, 2020-2030 ($Million)
Table 3. Asia-Pacific Proximity and Displacement Sensor Market for Photoelectric Sensor, by Country, 2020-2030 ($Million)
Table 4. Asia-Pacific Proximity and Displacement Sensor Market for Capacitive Sensor, by Country, 2020-2030 ($Million)
Table 5. Asia-Pacific Proximity and Displacement Sensor Market for Ultrasonic Sensor, by Country, 2020-2030 ($Million)
Table 6. Asia-Pacific Proximity and Displacement Sensor Market for Magnetic Sensor, by Country, 2020-2030 ($Million)
Table 7. Asia-Pacific Proximity and Displacement Sensor Market for Lvdt Sensor, by Country, 2020-2030 ($Million)
Table 8. Asia-Pacific Proximity and Displacement Sensor Market for Others, by Country, 2020-2030 ($Million)
Table 9. Asia-Pacific Proximity and Displacement Sensor Market, by End-user, 2020-2030 ($Million)
Table 10. Asia-Pacific Proximity and Displacement Sensor Market for Automotive, by Country, 2020-2030 ($Million)
Table 11. Asia-Pacific Proximity and Displacement Sensor Market for Healthcare, by Country, 2020-2030 ($Million)
Table 12. Asia-Pacific Proximity and Displacement Sensor Market for Manufacturing, by Country, 2020-2030 ($Million)
Table 13. Asia-Pacific Proximity and Displacement Sensor Market for Food and Beverage, by Country, 2020-2030 ($Million)
Table 14. Asia-Pacific Proximity and Displacement Sensor Market for Others, by Country, 2020-2030 ($Million)
Table 15. China Asia-Pacific Proximity and Displacement Sensor Market, by Type, 2020-2030 ($Million)
Table 16. China Asia-Pacific Proximity and Displacement Sensor Market, by End-user, 2020-2030 ($Million)
Table 17. Japan Asia-Pacific Proximity and Displacement Sensor Market, by Type, 2020-2030 ($Million)
Table 18. Japan Asia-Pacific Proximity and Displacement Sensor Market, by End-user, 2020-2030 ($Million)
Table 19. India Asia-Pacific Proximity and Displacement Sensor Market, by Type, 2020-2030 ($Million)
Table 20. India Asia-Pacific Proximity and Displacement Sensor Market, by End-user, 2020-2030 ($Million)
Table 21. South Korea Asia-Pacific Proximity and Displacement Sensor Market, by Type, 2020-2030 ($Million)
Table 22. South Korea Asia-Pacific Proximity and Displacement Sensor Market, by End-user, 2020-2030 ($Million)
Table 23. Rest of Asia-Pacific Asia-Pacific Proximity and Displacement Sensor Market, by Type, 2020-2030 ($Million)
Table 24. Rest of Asia-Pacific Asia-Pacific Proximity and Displacement Sensor Market, by End-user, 2020-2030 ($Million)
Table 25. Company 1: Company Snapshot
Table 26. Company 1: Operating Segments
Table 27. Company 1: Product Portfolio
Table 28. Company 1: Key Strategic Moves and Developments
Table 29. Company 2: Company Snapshot
Table 30. Company 2: Operating Segments
Table 31. Company 2: Product Portfolio
Table 32. Company 2: Key Strategic Moves and Developments
Table 33. Company 3: Company Snapshot
Table 34. Company 3: Operating Segments
Table 35. Company 3: Product Portfolio
Table 36. Company 3: Key Strategic Moves and Developments
Table 37. Company 4: Company Snapshot
Table 38. Company 4: Operating Segments
Table 39. Company 4: Product Portfolio
Table 40. Company 4: Key Strategic Moves and Developments
Table 41. Company 5: Company Snapshot
Table 42. Company 5: Operating Segments
Table 43. Company 5: Product Portfolio
Table 44. Company 5: Key Strategic Moves and Developments
Table 45. Company 6: Company Snapshot
Table 46. Company 6: Operating Segments
Table 47. Company 6: Product Portfolio
Table 48. Company 6: Key Strategic Moves and Developments
Table 49. Company 7: Company Snapshot
Table 50. Company 7: Operating Segments
Table 51. Company 7: Product Portfolio
Table 52. Company 7: Key Strategic Moves and Developments
Table 53. Company 8: Company Snapshot
Table 54. Company 8: Operating Segments
Table 55. Company 8: Product Portfolio
Table 56. Company 8: Key Strategic Moves and Developments
Table 57. Company 9: Company Snapshot
Table 58. Company 9: Operating Segments
Table 59. Company 9: Product Portfolio
Table 60. Company 9: Key Strategic Moves and Developments
Table 61. Company 10: Company Snapshot
Table 62. Company 10: Operating Segments
Table 63. Company 10: Product Portfolio
Table 64. Company 10: Key Strategic Moves and DevelopmentsList of Figures
Figure 1. Asia-Pacific Proximity and Displacement Sensor Market
Figure 2. Segmentation of Asia-Pacific Proximity and Displacement Sensor Market
Figure 3. Top Investment Pocket in Asia-Pacific Proximity and Displacement Sensor Market
Figure 4. Top Winning Strategies, by Year, 2019-2021*
Figure 5. Top Winning Strategies, by Development, 2019-2021*
Figure 6. Top Winning Strategies, by Company, 2019-2021*
Figure 7. Moderate Bargaining Power of Buyers
Figure 8. Moderate Bargaining Power of Suppliers
Figure 9. Moderate Threat of New Entrants
Figure 10. Low Threat of Substitution
Figure 11. High Competitive Rivalry
Figure 12. Top Player Positioning, 2020
Figure 13. Market Share Analysis, 2020
Figure 14. Restraints and Drivers: Asia-Pacific Proximity and Displacement Sensor Market
Figure 15. Asia-Pacific Proximity and Displacement Sensor Market Segmentation, by Type
Figure 16. Asia-Pacific Proximity and Displacement Sensor Market for Inductive Sensor, by Country, 2020-2030 ($ Million)
Figure 17. Asia-Pacific Proximity and Displacement Sensor Market for Photoelectric Sensor, by Country, 2020-2030 ($ Million)
Figure 18. Asia-Pacific Proximity and Displacement Sensor Market for Capacitive Sensor, by Country, 2020-2030 ($ Million)
Figure 19. Asia-Pacific Proximity and Displacement Sensor Market for Ultrasonic Sensor, by Country, 2020-2030 ($ Million)
Figure 20. Asia-Pacific Proximity and Displacement Sensor Market for Magnetic Sensor, by Country, 2020-2030 ($ Million)
Figure 21. Asia-Pacific Proximity and Displacement Sensor Market for Lvdt Sensor, by Country, 2020-2030 ($ Million)
Figure 22. Asia-Pacific Proximity and Displacement Sensor Market for Others, by Country, 2020-2030 ($ Million)
Figure 23. Asia-Pacific Proximity and Displacement Sensor Market Segmentation, by End-user
Figure 24. Asia-Pacific Proximity and Displacement Sensor Market for Automotive, by Country, 2020-2030 ($ Million)
Figure 25. Asia-Pacific Proximity and Displacement Sensor Market for Healthcare, by Country, 2020-2030 ($ Million)
Figure 26. Asia-Pacific Proximity and Displacement Sensor Market for Manufacturing, by Country, 2020-2030 ($ Million)
Figure 27. Asia-Pacific Proximity and Displacement Sensor Market for Food and Beverage, by Country, 2020-2030 ($ Million)
Figure 28. Asia-Pacific Proximity and Displacement Sensor Market for Others, by Country, 2020-2030 ($ Million)
Figure 29. Company 1: Key Executives
Figure 30. Company 1: Net Sales, 2018-2020 ($ Million)
Figure 31. Company 1: Revenue Share, by Segment, 2020 (%)
Figure 32. Company 1: Revenue Share, by Geography, 2020 (%)
Figure 33. Company 2: Key Executives
Figure 34. Company 2: Net Sales, 2018-2020 ($ Million)
Figure 35. Company 2: Revenue Share, by Segment, 2020 (%)
Figure 36. Company 2: Revenue Share, by Geography, 2020 (%)
Figure 37. Company 3: Key Executives
Figure 38. Company 3: Net Sales, 2018-2020 ($ Million)
Figure 39. Company 3: Revenue Share, by Segment, 2020 (%)
Figure 40. Company 3: Revenue Share, by Geography, 2020 (%)
Figure 41. Company 4: Key Executives
Figure 42. Company 4: Net Sales, 2018-2020 ($ Million)
Figure 43. Company 4: Revenue Share, by Segment, 2020 (%)
Figure 44. Company 4: Revenue Share, by Geography, 2020 (%)
Figure 45. Company 5: Key Executives
Figure 46. Company 5: Net Sales, 2018-2020 ($ Million)
Figure 47. Company 5: Revenue Share, by Segment, 2020 (%)
Figure 48. Company 5: Revenue Share, by Geography, 2020 (%)
Figure 49. Company 6: Key Executives
Figure 50. Company 6: Net Sales, 2018-2020 ($ Million)
Figure 51. Company 6: Revenue Share, by Segment, 2020 (%)
Figure 52. Company 6: Revenue Share, by Geography, 2020 (%)
Figure 53. Company 7: Key Executives
Figure 54. Company 7: Net Sales, 2018-2020 ($ Million)
Figure 55. Company 7: Revenue Share, by Segment, 2020 (%)
Figure 56. Company 7: Revenue Share, by Geography, 2020 (%)
Figure 57. Company 8: Key Executives
Figure 58. Company 8: Net Sales, 2018-2020 ($ Million)
Figure 59. Company 8: Revenue Share, by Segment, 2020 (%)
Figure 60. Company 8: Revenue Share, by Geography, 2020 (%)
Figure 61. Company 9: Key Executives
Figure 62. Company 9: Net Sales, 2018-2020 ($ Million)
Figure 63. Company 9: Revenue Share, by Segment, 2020 (%)
Figure 64. Company 9: Revenue Share, by Geography, 2020 (%)
Figure 65. Company 10: Key Executives
Figure 66. Company 10: Net Sales, 2018-2020 ($ Million)
Figure 67. Company 10: Revenue Share, by Segment, 2020 (%)
Figure 68. Company 10: Revenue Share, by Geography, 2020 (%)
Executive Summary
According to a recent report titled, “Asia-Pacific Proximity and Displacement Sensor Market by Type, Application, and End User: Regional Opportunity Analysis and Industry Forecast, 2021–2030”, the Asia-Pacific proximity and displacement sensor market size was valued at $2.97 billion in 2020, and is projected to reach $7.96 billion by 2030, registering a CAGR of 10.5% from 2021 to 2030.The market for proximity and displacement sensors experiences gradual growth in Asia-Pacific. The report on Asia-Pacific proximity and displacement sensors market states that the companies operating in the manufacturing of proximity and displacement sensors find the market highly complex and fragmented in nature. Presence of large number of regional players have created a perfect competitive environment.
Application of proximity and displacement sensors in the development of automation systems for manufacturing added significant value to Asia-Pacific proximity and displacement sensors market share. Advancement of mobile devices in the form of smartphones and tablets generate ample demand for proximity sensors from mobile manufacturers. Presently, the application area of wireless proximity sensors in automobile is limited to the extent of security and infotainment systems. However, the Asia-Pacific proximity and displacement sensors industry is poised to grow in the area of assisted functionality during the forecast period.
Technological advancement in defense sectors have largely facilitated the use of sensor-based technologies in applications such as anti-aircraft warfare systems. Rise intrend of factory and process automation paired with increase inawareness of rationalization for optimum energy consumption, surge inpopularity of contactless sensing technology, and technological improvements in automotive security & infotainment system are major driving factors for proximity and displacement market. These factors are anticipated to drive the Asia-Pacific proximity and displacement sensors market size during the forecast period (2021-2030).
Analysis of the market based on Porter’s five-force model reveals that buyers in the market enjoy higher bargaining power compared to suppliers. Ability of buyers to switch to a new supplier in a cost effective manner reduces the bargaining power of suppliers. The market features lower threat of forward and backward integration from suppliers and buyers respectively. This leaves a moderate bargaining for the buyers in the market.
COVID-19Impact
COVID-19 has caused the overall semiconductor industry to mobilize quickly and make short-term decisions with long-term implications. Major companies operate in a complex ecosystem, working across the value chain with numerous raw materials, assembly, test, package, and equipment suppliers &partners across the region.
Demand from the IT & telecommunication segment is expected to increase, owing to factors such as rise in broadband usage, increase indemand for cloud services, and surge in video streaming. In addition, in the medium to long term, COVID-19 is expected to further push the need for digital transformation and technologies, such as 5G, Internet of Things (IoT), Artificial intelligence (AI), and intelligent edge computing for future optimization.
Some of the proximity and displacement sensor manufacturers in Asia-Pacific have witnessed temporary delays in production, increased costs, and revenue losses dueto the pandemic.
The manufacturing sector witnessed severe loss, and thus, no new orders were placed during the pandemic. In addition, this impact was estimated to continue till 2021. Moreover, international consumer electronics and proximity and displacement sensormarket trends are in a very weak state, owing to lockdowns imposed to tackle the pandemic. Although the markets in the U.S. and Europe witnessed mild recovery in the second half of 2020, they are still significantly down on pre-crisis levels. Therefore, the Asia-Pacific proximity and displacement sensor market growth faced major obstacles due to the emergence of COVID-19 pandemic.
The pandemic impacted the production process of several industries, including semiconductor and electronics. Trade barriers have further constrained the demand and supply outlook. The overall production process is adversely affected as governments of different countries have already announced completelockdown and temporary shutdown of industries.
Key Findings Of Study
- The inductive sensor segment is expected to generate the highest revenue during the forecast period
- The manufacturing segment is expected to generate the highest revenue during the forecast period
- China segment is expected to register the highest revenue during the forecast period
- The key players profiled in the report include Canon Inc., Matterport, Lytro Inc., Fujifilms, GoPro Inc., Eastman Kodak Company, Nikon Corporation, Panasonic Corporation, Sony Corporation, and Faro Technologies These key players have adopted several strategies, such as new product launch &development, acquisition, partnership &collaboration, and business expansion to strengthen their footholdin the Asia-Pacific proximity and displacement sensor market during the forecast period
Companies Mentioned
- Canon Inc.
- Matterport, Lytro Inc.
- Fujifilms
- GoPro Inc.
- Eastman Kodak Company
- Nikon Corporation
- Panasonic Corporation
- Sony Corporation
- Faro Technologies.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 180 |
| Published | February 2022 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 2.97 billion |
| Forecasted Market Value ( USD | $ 7.96 billion |
| Compound Annual Growth Rate | 10.4% |
| Regions Covered | Asia Pacific, Global |
| No. of Companies Mentioned | 9 |
