DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/kv7jw2/us_proximity) has announced the addition of the "US Proximity Sensors Market - Growth, Trends And Forecasts (2015 - 2020)" report to their offering.
The US Proximity sensors market is expected to increase to $1.04 billion by 2018 at a CAGR of 8.37% over the period 2015-2020
US hold the largest market share of 83% in North America Proximity Sensors market. The need for better automation and recovery in automobile and manufacturing industries has fuelled the growth in this region. 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 US 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
For more information visit http://www.researchandmarkets.com/research/kv7jw2/us_proximity