Distance Measurement Sensors Market

Distance Measurement Sensors - Global Market Outlook (2019-2027)

4.2 (88 reviews)
Published: September 2020 ID: SMRC19942
4.2 (88 reviews)
Published: September 2020 ID: SMRC19942

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Distance Measurement Sensors Market is accounted for $2.60 billion in 2019 and is expected to reach $3.56 billion by 2027 growing at a CAGR of 4.0% during the forecast period. Increased adoption in automation and robotics, rising need for automation for rapid production and supply of sensors, and need for advanced security solutions in the automobiles are some of the factors propelling the growth of the market. However, high maintenance costs and obstacle detection in the navigation are hampering the growth of the market.

Distance Measurement Sensors - Global Market Outlook (2019-2027)

A distance measurement sensor is a sensor that is utilized to rapidly and precisely measure distances on a wide range of materials, places, etc. It can effectively check distances, the position of system or parts, and monitor different parameters to intelligently and independently initiate action, and these sensors supply an analogue signal representing the distance proportional to the selected sensor’s range.

Based on the end-user, the automotive segment is anticipated to hold considerable market share during the forecast period as the distance measurement sensors offer several applications in automotive sensors, like parking assistance, safety alarms, collision avoidance, object detection, and automatic braking system. By geography, Asia Pacific is expected to grow at a significant market share during the forecast period due to the presence of several automotive and manufacturing giants, the introduction of advanced technologies, rising disposable income, and increasing automation in the automotive sector.

Some of the key players profiled in the Distance Measurement Sensors Market include SICK AG, Pepperl+Fuchs Group, Balluff GmbH, Migatron Corporation, Banner Engineering Corp., Leuze electronic GmbH + Co. KG, Keyence Corporation, Impress Sensors and Systems Ltd, Ifm Electronic Gmbh, Honeywell, Eaton, Dimetrix AG, Datalogic S.P.A, Baumer Group, Micro-Epsilon Messtechnik GmbH and Co. KG, Panasonic Corporation, and Measurement Specialties Inc.    

Measurement Types Covered:
• Time of Flight (TOF) 
• Laser Triangulation 
• Confocal Chromatic Imaging 
• Photoelectric 

Sensing Technologies Covered:
• Ultrasonic Sensors
• Photoelectric Sensors
• Laser Diodes
• Infra-red LED
• Capacitive Sensors
• Image Sensors
• Draw Wire Sensors
• Inductive Sensors   

Applications Covered:
• Tracking Position 
• Analyzers 
• Safety Systems 
• Process Instrumentation 
• Automatic Identification
• Industrial Automation  

End Users Covered:
• Sanitary
• Robotics
• Packaging and Logistics
• Oil & Gas
• Manufacturing
• Defense Aerospace & Intelligent
• Consumer Electronics
• Automotive
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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