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

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• Publié par: frost-sullivan
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• Langue: English

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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