Non Contact Sensors Market

Date: 2016-05

Non-contact sensors detect changes in light or an electromagnetic field in a radius. There are different types of sensors like temperature, proximity etc. These sensors need to come in contact with the measuring surface, field for registering values and are hence more reliable, easy to use and install in different products. In the global sensor market there has been an increase in demand towards non-contact sensing technologies and also in the end user markets such as industrial, automotive, commercial healthcare and others. Technological advancements are making consumers seek more accurate, reliable and durable sensors.

The Global non-contact sensors equipment and services market is slated to grow at 6.5% CAGR year on year for the next five years. The market is estimated to cross $ 21 bn by 2018.

The demand for Non-contact sensors is growing at a steady pace across the globe. Although contact sensors are cheaper, the market is inclining towards non-contact sensors because they are more durable and technology advancements are helping the sensors give measurements accurately. The contact sensors are not as durable compared to non-contact sensors as they wear out in a very short time.

Non-contact sensors provide end users with high rate of accuracy in measurement, resistance to contamination and provide authentic results. End users are now very aware of the vast capabilities of the non-contact sensors. The research for more reliable and accurate sensors is still continuing making the sensors smaller, cheaper and smarter making it very easy for the end users to use them.

The market for proximity sensors alone is set to grow to $ 5.95 bn by 2018 globally. This presents a huge growth opportunity for proximity sensor providers who are looking for opportunities in countries other than the U.S where the growth is almost stable in commercial and healthcare segments. Developing countries like India are the high-growth regions ripe for capture in commercial segment. Many players have already started cashing in on this opportunity.

This report on the global Non-contact sensors market identifies many such insights and M&A opportunities, besides providing a detailed analysis of the Non-contact sensors services market.

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