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Sensors to Benefit from Shift toward Better Automation, Says Frost & Sullivan

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Sensors to Benefit from Shift toward Better Automation, Says Frost & Sullivan PR Newswire LONDON, June 27, 2012 - Increasingly automated production in Asia will make it the new magnet for sensor manufacturers LONDON, June 27, 2012 /PRNewswire/ -- 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 (http://www.sensors.frost.com), 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.

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Sensors to Benefit from Shift toward Better
Automation, Says Frost & Sullivan
PR Newswire
LONDON, June 27, 2012
- Increasingly automated production in Asia will make it the new
magnet for sensor manufacturers
LONDON
, June 27, 2012 /PRNewswire/ -- 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 (http://www.sensors.frost.com),
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 to 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."
If you are interested in more information on this study, please send an email
with your contact details to Anna Zanchi, Corporate Communications, at