DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Canada Proximity Sensors Market - Growth, Trends And Forecasts (2016 - 2021)" report to their offering.
The Canada proximity sensors market is projected to reach USD 0.14 billion by 2018 growing at a CAGR of 6.43% over the period 2014-2020. The need for better automation and recovery in automobile and manufacturing industries caused huge demand for proximity sensors and has fueled the growth of the market.
Material handling is one of the fastest growing application markets. The ever increasing smartphone business and strong growth in the capital investments are key drivers for the lucrative growth of the proximity sensors market in Canada. However, limited sensing capabilities and limited product variation among different manufacturing companies are the major hindrances to the growth of the market.
The proximity sensors market is segmented on the basis of type, technology, and end-user industry. While photoelectric proximity sensors, because of their extensive use in automotive and material handling applications, are part of the fastest growing technology segment of this market, capacitive proximity sensors are projected to record highest growth throughout the forecast period. Magnetic proximity sensors are the preferred choice for the detection of non-contact magnets. Other areas of application include automatic door units like garage doors, elevator doors, and doors inside railway coaches. High volumes of proximity sensors are used by the building and automotive sectors.
This report describes a detailed study of the Porter's five forces analysis, market segments, and current market trends. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of these players which includes the key growth strategies and competition analysis. The report also considers key trends that will impact the industry.
Some of the leading suppliers of proximity sensors mentioned in the report are:
- Honeywell International Inc.
- Panasonic Corporation
- Fargo Controls
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 USA
- Fargo Controls
- SICK AG
- Mouser Electronics
- IFM Electronic GmbH
For more information about this report visit http://www.researchandmarkets.com/research/zbj44z/canada_proximity