Area Sensors Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
The Rising demand for trustworthy and high sensitivity area sensors that are capable of detecting loop and parts picking verification in cell production is anticipated to drive the demand in the coming years. The market is estimated to experience notable growth due to various factors like the increasing requirement for cost-effective and trustworthy sensing devices, the transforming manufacturing landscape, the increase in industrial automation, and the growing availability of cost-effective area sensors with the latest technological advancements.
MARKET DYNAMICS
In the last couple of years, area sensors have obtained extensive interest due to developments in wireless sensor networks. One of the key factors driving the demand for this market across the globe is the growth in industrial as well as building automation.
MARKET SCOPE
The "Global Area Sensors Market Analysis to 2028" is a specialized and in-depth study of the area sensors market with a special focus on the global market trend analysis. The report aims to provide an overview of area sensors market with detailed market segmentation by type, application and geography. The global area sensors market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading area sensors market players and offers key trends and opportunities in the area sensors market.
MARKET SEGMENTATION
The global area sensors market is segmented on the basis of type and application. On the basis of type, the market is segmented as general purpose area sensor and cross-beam area sensor. On the basis of application, the market is segmented as object detection, picking systems, positioning and examination, personnel safety, equipment protection and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global area sensors market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The area sensors market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting area sensors market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the area sensors market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global area sensors market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The area sensors market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting area sensors market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the area sensors market in these regions.
MARKET PLAYERS
The reports cover key developments in the area sensors market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from area sensors market are anticipated to lucrative growth opportunities in the future with the rising demand for area sensors market. Below mentioned is the list of few companies engaged in the area sensors market.
The report also includes the profiles of key area sensors market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Autonics Corporation
- Cess Automation
- Datalogic S.p.A.
- Delta Electronics, Inc.
- KEYENCE CORPORATION
- OMRON Coorporation
- Orbital Mekatronik Systems Pvt. Ltd.
- Panasonic Corporation of North America
- Pepperl+Fuchs
- XECRO GmbH
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Area Sensors Market - By Type
1.3.2 Area Sensors Market - By Application
1.3.3 Area Sensors Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AREA SENSORS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AREA SENSORS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. AREA SENSORS MARKET - GLOBAL MARKET ANALYSIS
6.1. AREA SENSORS - GLOBAL MARKET OVERVIEW
6.2. AREA SENSORS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AREA SENSORS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. GENERAL PURPOSE AREA SENSOR
7.3.1. Overview
7.3.2. General Purpose Area Sensor Market Forecast and Analysis
7.4. CROSS-BEAM AREA SENSOR
7.4.1. Overview
7.4.2. Cross-beam Area Sensor Market Forecast and Analysis
8. AREA SENSORS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. OBJECT DETECTION
8.3.1. Overview
8.3.2. Object Detection Market Forecast and Analysis
8.4. PICKING SYSTEMS
8.4.1. Overview
8.4.2. Picking Systems Market Forecast and Analysis
8.5. POSITIONING AND EXAMINATION
8.5.1. Overview
8.5.2. Positioning and Examination Market Forecast and Analysis
8.6. PERSONNEL SAFETY
8.6.1. Overview
8.6.2. Personnel Safety Market Forecast and Analysis
8.7. EQUIPMENT PROTECTION
8.7.1. Overview
8.7.2. Equipment Protection Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. AREA SENSORS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Area Sensors Market Overview
9.1.2 North America Area Sensors Market Forecasts and Analysis
9.1.3 North America Area Sensors Market Forecasts and Analysis - By Type
9.1.4 North America Area Sensors Market Forecasts and Analysis - By Application
9.1.5 North America Area Sensors Market Forecasts and Analysis - By Countries
9.1.5.1 United States Area Sensors Market
9.1.5.1.1 United States Area Sensors Market by Type
9.1.5.1.2 United States Area Sensors Market by Application
9.1.5.2 Canada Area Sensors Market
9.1.5.2.1 Canada Area Sensors Market by Type
9.1.5.2.2 Canada Area Sensors Market by Application
9.1.5.3 Mexico Area Sensors Market
9.1.5.3.1 Mexico Area Sensors Market by Type
9.1.5.3.2 Mexico Area Sensors Market by Application
9.2. EUROPE
9.2.1 Europe Area Sensors Market Overview
9.2.2 Europe Area Sensors Market Forecasts and Analysis
9.2.3 Europe Area Sensors Market Forecasts and Analysis - By Type
9.2.4 Europe Area Sensors Market Forecasts and Analysis - By Application
9.2.5 Europe Area Sensors Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Area Sensors Market
9.2.5.1.1 Germany Area Sensors Market by Type
9.2.5.1.2 Germany Area Sensors Market by Application
9.2.5.2 France Area Sensors Market
9.2.5.2.1 France Area Sensors Market by Type
9.2.5.2.2 France Area Sensors Market by Application
9.2.5.3 Italy Area Sensors Market
9.2.5.3.1 Italy Area Sensors Market by Type
9.2.5.3.2 Italy Area Sensors Market by Application
9.2.5.4 United Kingdom Area Sensors Market
9.2.5.4.1 United Kingdom Area Sensors Market by Type
9.2.5.4.2 United Kingdom Area Sensors Market by Application
9.2.5.5 Russia Area Sensors Market
9.2.5.5.1 Russia Area Sensors Market by Type
9.2.5.5.2 Russia Area Sensors Market by Application
9.2.5.6 Rest of Europe Area Sensors Market
9.2.5.6.1 Rest of Europe Area Sensors Market by Type
9.2.5.6.2 Rest of Europe Area Sensors Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Area Sensors Market Overview
9.3.2 Asia-Pacific Area Sensors Market Forecasts and Analysis
9.3.3 Asia-Pacific Area Sensors Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Area Sensors Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Area Sensors Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Area Sensors Market
9.3.5.1.1 Australia Area Sensors Market by Type
9.3.5.1.2 Australia Area Sensors Market by Application
9.3.5.2 China Area Sensors Market
9.3.5.2.1 China Area Sensors Market by Type
9.3.5.2.2 China Area Sensors Market by Application
9.3.5.3 India Area Sensors Market
9.3.5.3.1 India Area Sensors Market by Type
9.3.5.3.2 India Area Sensors Market by Application
9.3.5.4 Japan Area Sensors Market
9.3.5.4.1 Japan Area Sensors Market by Type
9.3.5.4.2 Japan Area Sensors Market by Application
9.3.5.5 South Korea Area Sensors Market
9.3.5.5.1 South Korea Area Sensors Market by Type
9.3.5.5.2 South Korea Area Sensors Market by Application
9.3.5.6 Rest of Asia-Pacific Area Sensors Market
9.3.5.6.1 Rest of Asia-Pacific Area Sensors Market by Type
9.3.5.6.2 Rest of Asia-Pacific Area Sensors Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Area Sensors Market Overview
9.4.2 Middle East and Africa Area Sensors Market Forecasts and Analysis
9.4.3 Middle East and Africa Area Sensors Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Area Sensors Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Area Sensors Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Area Sensors Market
9.4.5.1.1 South Africa Area Sensors Market by Type
9.4.5.1.2 South Africa Area Sensors Market by Application
9.4.5.2 Saudi Arabia Area Sensors Market
9.4.5.2.1 Saudi Arabia Area Sensors Market by Type
9.4.5.2.2 Saudi Arabia Area Sensors Market by Application
9.4.5.3 U.A.E Area Sensors Market
9.4.5.3.1 U.A.E Area Sensors Market by Type
9.4.5.3.2 U.A.E Area Sensors Market by Application
9.4.5.4 Rest of Middle East and Africa Area Sensors Market
9.4.5.4.1 Rest of Middle East and Africa Area Sensors Market by Type
9.4.5.4.2 Rest of Middle East and Africa Area Sensors Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Area Sensors Market Overview
9.5.2 South and Central America Area Sensors Market Forecasts and Analysis
9.5.3 South and Central America Area Sensors Market Forecasts and Analysis - By Type
9.5.4 South and Central America Area Sensors Market Forecasts and Analysis - By Application
9.5.5 South and Central America Area Sensors Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Area Sensors Market
9.5.5.1.1 Brazil Area Sensors Market by Type
9.5.5.1.2 Brazil Area Sensors Market by Application
9.5.5.2 Argentina Area Sensors Market
9.5.5.2.1 Argentina Area Sensors Market by Type
9.5.5.2.2 Argentina Area Sensors Market by Application
9.5.5.3 Rest of South and Central America Area Sensors Market
9.5.5.3.1 Rest of South and Central America Area Sensors Market by Type
9.5.5.3.2 Rest of South and Central America Area Sensors Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. AREA SENSORS MARKET, KEY COMPANY PROFILES
11.1. AUTONICS CORPORATION
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CESS AUTOMATION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. DATALOGIC S.P.A.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. DELTA ELECTRONICS, INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. KEYENCE CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. OMRON CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ORBITAL MEKATRONIK SYSTEMS PVT. LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PANASONIC CORPORATION OF NORTH AMERICA
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. PEPPERL+FUCHS
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. XECRO GMBH
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Autonics Corporation
2. Cess Automation
3. Datalogic S.p.A.
4. Delta Electronics, Inc.
5. KEYENCE CORPORATION
6. OMRON Corporation
7. Orbital Mekatronik Systems Pvt. Ltd.
8. Panasonic Corporation of North America
9. Pepperl+Fuchs
10. XECRO GmbH
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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