As per the revised report by Persistence Market Research, the global area sensors market is expected to expand at steady, yet healthy CAGR of around 7% over the forecast period (2021-2031).
Area sensors are multi-beam, through-beam arrays of photo-eyes that are designed to detect the presence of specimen within the confines of the controllable height of sensor arrays. Area sensors are ideal for the detection of differently shaped and sized specimen at varied positions in a two-dimensional targeted area. The future is undoubtedly of artificial intelligence and Internet of Things, and this creates numerous opportunities for area sensor manufacturers to innovate. Furthermore, sensor technology with advanced features such as reliable functioning, precisely designed area sensors, and high sensitivity are key reasons bolstering demand across geographies.
Key Players:
The report has profiled some of the Important players prevalent in the global like – SICK AG, Panasonic Corporation, OMRON Corporation, Autonics Corporation, Datalogic S.p.A., Keyence Corporation, Delta Electronics, Inc., Pepperl+Fuchs and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Area Sensors.
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Key Takeaways from Market Study
- The South Asia & Pacific region is expected to create lucrative growth opportunities for players in the market, due to rise in industrial automation and changing manufacturing landscape in the region.
- Growing trend of cost-effective area sensors along with technological advancements is creating new growth opportunities for manufacturers.
- Key players in the market are focusing on acquisitions to complement their product portfolio, to cater to the needs of a variety of customers. Market participants are also focusing on providing products directly to end users to improve direct customer relations.
- Application of area sensors is high in picking systems, object detection, and positioning & examination.
- Most of the demand for area sensors comes from the food & beverage packaging and electronics industry.
- The market in the U.S. is projected to expand at a CAGR of 5.5% through 2031, while that in Germany at around 6%.
- Market growth in China, Japan, and India is expected to be much higher, at around 8%, 9%, and 11%, respectively.
“Area sensor manufacturers can improve revenues by upgrading existing facilities to enhance operational efficiency, reduce operating cost, and offer advanced features such as high sensitivity, precise detection, and high-visibility indicators,” says a Persistence Market Research analyst.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Area Sensors Market Manufacturers
Area Sensors Market Distributors/Traders/Wholesalers
Area Sensors Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Major Highlights of the Area Sensors Market Report:
- The Area Sensors Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the Area Sensors Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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