DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Japan Proximity Sensors Market - Growth, Trends And Forecasts (2016 - 2021)" report to their offering.
The Japan Proximity sensors market is expected to increase to $0.42 billion by 2020 at a CAGR of 9.32% over the period 2015-2020. Japan accounted for 21% of the market share in Asia Pacific Proximity Sensors Market.
Proximity Sensors are in a huge demand in the automotive and industrial application. The fastest growing application market is material handling. The Inclination of Growth towards Smart Phones, Increasing demand for automation and strong growth in capital investments are the key Drivers which are making the Japan Proximity Sensors market to grow lucratively.
The growth of the proximity sensors market is currently being hindered by limitation in product variation among different manufacturing companies and Limitation in sensing capabilities. Photoelectric proximity sensors technology is the fastest growing market, because of their extensive use in automotive and material handling applications.
While, capacitive proximity sensors technology is estimated to be the highest growth rate throughout the forecast period. Magnetic Proximity Sensors are the preferred choice for the detection of non-contact magnets. Further applications are of automatic door units such as garage doors or doors inside buildings, elevator doors and doors inside railway coaches. The building and automotive sector are further industries using high volumes of proximity sensors.
The report also considers key trends that will impact the industry and profiles over 10 leading suppliers of Proximity Sensors market. Some of the top companies mentioned in the report are GE (U.S.), Honeywell International Inc. (U.S.), Panasonic Corporation (Japan), Fargo Controls (U.S.),Omron (Japan) and among others.
Key Topics Covered:
2. Key Findings
3. Market Overview & Dynamics
5. Porter'S Five Forces Analysis
6. Market Segmentation
7. Company Profiles
8. Investment Analysis
9. Future Of Proximity Sensors Market
- Rockwell Automation
- Turck US a
- Fargo Controls
- Sick Ag
- Mo US er Electronics
- Ifm Electronic Gmbh
For more information about this report visit http://www.researchandmarkets.com/research/7t24mb/japan_proximity