About Bank Sensors
Bank Angle Sensor is the angle at which the vehicle inclines from its longitudinal axis, and switches off the engine if the bike tips over. In this case, the Bank angle describes the tilting of the vehicle as seen from the front. In case the bike falls onto its side as in case of an accident, the bank angle sensor turns off the engine and prevents any possible injuries to the rider or damage to the bike. This is widely used in various application aerospace and defense and automotive and transportation, mining and construction, telecommunications and others.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The demand for Bank Sensors is increasing with each passing day. The businesses in this industry facing major competition from leading players in the market including TE Connectivity Ltd, Sick AG, Murata Manufacturing Co. Ltd., and others. Many international as well as regional providers are also participants in the industry and directly compete with leaders. It has been identified that market-leading players are investing heavily in growth strategies such as technological development, and resource utilization to enhance their market position. The market leaders demonstrate a market-defining vision of how bank sensors can help top-line business executives achieve their business objectives. Leaders can executes against that vision through both products and services. They have demonstrated solid business results in the form of revenue and earnings. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Bank Sensors market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
TE Connectivity Ltd. (Switzerland), Sick AG (Germany), Murata Manufacturing Co. Ltd. (Japan), Pepperl+Fuchs Vertrieb GmbH& Co. Kg (India), Level Developments Ltd (United Kingdom), IFM Electronic GmbH (Germany), Balluff GmbH (Germany), Jewell Instruments LLC (United States), The Fredericks Company (United States), DIS Sensors BV (Netherlands) and Standex International Corporation (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Bank Sensors market by Type (Metal and Nonmetal), Application (Aerospace and Defense, Automotive and Transportation, Mining and Construction, Telecommunications and Others) and Region.
On the basis of geography, the market of Bank Sensors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increasing Demand for Banking Sensors in Various End-Use Industries
Market Growth Drivers:
The rise in Digitization and Urbanization
Challenges:
Fluctuation in Raw Material Prices
Restraints:
High Installation and Maintenance Cost
Opportunities:
Increase in Demand from Automotive Industry
Market Leaders and their expansionary development strategies
In March 2022 Standex International Corporation announced the acquisition of Sensor Solutions. Standex's technical and application knowledge, as well as its portfolio of client solutions, in high-value, fast-growing industries including electric vehicles, industrial automation, and medical end markets, will be expanded as a result of this acquisition.
In March 2020, TE Connectivity Ltd., a global industrial technology company with a leading position in connectivity and sensing solutions, completed a public acquisition of First Sensor AG. TE currently owns a 71.87% stake in First Sensor. The combination of First Sensor and the TE portfolio enables TE to offer an even broader product base, including innovative, market-leading sensors, connectors and systems, and best-in-class features. Supports TE's sensor business and growth strategy across TE Connectivity.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Bank Sensors Manufacturers, Bank Sensors Suppliers & Distributors, Government Bodies, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.