Non-Contact Sensors Market Report Analysis

Market Insights

Non-contact sensors are experiencing a growing demand as a result of their many advantages, including high precision, accuracy, and safety. A wide range of industries, including manufacturing, automotive, aerospace, healthcare, and consumer electronics, are actively embracing non-contact sensors to optimize their operations and elevate the quality of their products.

The field of automation and robotics has greatly benefited from the inclusion of non-contact sensors. Especially in the era of Industry 4.0, where there is a growing demand for highly efficient and intelligent machines, non-contact sensors have emerged as key components in guiding robots and automated systems to execute tasks with unparalleled accuracy and reliability.

What is a non-contact sensor?

The sensor is defined as devices that are used to detect an occurrence of any change in the environment. Non-contact sensors have involved the usage of a technology that uses non-touching parts. It is referred to as a position sensor that can measure movement in a rotary or linear fashion.

Key Players

Key players operating in the Non-Contact Sensors market are-

• ABB Ltd (Switzerland)
• Eaton Corporation plc (Ireland)
• Emerson Electric Co. (US)
• Siemens AG (Germany)
• First Sensor (Germany)
• Ifm electronic (Germany)
• Omega SA (Switzerland)
• The Raytheon Company (US)
• BinMaster (US)
• Honeywell (US)
• KROHNE Ltd (UK)
• SSI Technologies, LLC (US)
• Sapcon Instruments Pvt. Ltd (India)
• Futek (US)
• Baumer Holding AG (Switzerland).

Market Dynamics

The growth of the non-contact sensors market is primarily driven by increasing product demand in applications including automotive and consumer electronics. The growing electrical & electronics industry with increasing demand for consumer electronics is likely to drive the growth of the non-contact sensors market at a significant rate during the review period. In addition to this, increasing demand for advanced non-contact sensors is likely to create lucrative opportunities for the players operating in the global market in the coming years.

Segment Analysis

By Application Type

The non-contact sensors market has been bifurcated into healthcare, automotive, consumer electronics, and others. Under these, the consumer electronics segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The market growth can be attributed to increasing demand for consumer electronics across geographies.

Regional Analysis

The market in North America accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to high product demand in the end-use industries coupled with the presence of key market players such as Emerson Electric Co. (US) and The Raytheon Company (US). The market growth in the Asia-Pacific region is expected to be driven by the increasing adoption of non-contact sensors in the end-use industries in developing countries particularly China and India.

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Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories. 

By Type

• Temperature
• Ultrasonic
• Speed
• Others

By Application Type 

• Healthcare,
• Automotive,
• Consumer Electronics,
• Others

By Region

• North America
• Asia-Pacific
• Europe
• Rest of the World

COVID-19 Impact

The COVID-19 outbreak has moderately affected the non-contact sensors industry. The virus outbreak has turned the lives of people worldwide, with the number of cases increasing rapidly. The COVID-19 crisis has reduced the number of visits to ophthalmology clinics and eye surgeries were postponed curbing the spread of the virus, thus affecting the market growth amid the pandemic.

Critical Questions Answered in the Report

• What are the key trends in the market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Target Audience

Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert-

• Distributors
• Suppliers
• Manufacturers
• Logistics organizations
• Government bodies

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What deliverables will you get in this report?

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.