About Motor Communication Contactless Sensor
Rising demand in end-user industries will help to boost global motor communication contactless sensor market. Motor communication contactless sensors are used to detect speed and rotary direction in automotive applications. Additionally, it is also used for decoding of the absolute rotary (angular) position from zero to 360º with virtually unlimited service life. Various applications of motor communication contactless sensor including speed sensing, detection/NDT, position sensing, navigation and electronic compass, flow rate sensing and others. Due to its superior performance, it can be used in heavy vehicles including a truck, cranes excavators, forklifts, bulldozers, etc.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
Competition among existing players is due to the Motor Communication Contactless Sensor market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Motor Communication Contactless Sensor Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Motor Communication Contactless Sensor market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Honeywell (United States), Piher Sensors & Controls SA (Spain), TDK Corporation (Japan), Micromax Technology (Australia), ams AG (Austria), Allegro MicroSystems, LLC (United States), Infineon Technologies A G (Germany), TE Connectivity (Switzerland), Sensitec GmbH (Germany), Crocus Technology (France) and Coto Technology (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are NXP Semiconductors (Netherlands), Kohshin Electric Corporation (Japan), Melexis (Belgium) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Motor Communication Contactless Sensor market by Type (Inductive, Capacitive, Ultrasonic and Photoelectric), Application (Speed Sensing, Detection/NDT, Position Sensing, Navigation and Electronic Compass, Flow Rate Sensing and Others) and Region.
On the basis of geography, the market of Motor Communication Contactless Sensor 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Motor Communication Contactless Sensor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Fueling Demand in the Healthcare Sector, Growing Demand Technological Advancement of Motor In Terms Of Accuracy and Up Surging Demand of Automotive Speed Related Sensors
Market Growth Drivers:
Rising Demand for Motor Communication Contactless Sensors Due To Increasing Use of Position Sensors and High Adoption in Automotive Industry
Challenges:
Rising Concern about Technological Limitations
Restraints:
High Cost of Speed Related Motor Communication Contactless Sensor
Opportunities:
Technological Innovation Motor Communication Contactless Sensor
Market Leaders and their expansionary development strategies
In January 2019, ams, a leading worldwide supplier of high-performance sensor solutions has launched the world’s smallest integrated 1D time-of-flight distance measurement and proximity sensing module.
In June 2018, TDK Corporation has to expand its portfolio of TMR angle sensors with the TAD2140 type in a TO-6 package for automotive and industrial applications. The new sensor provides an innovative system-in-package solution for PCB-less applications.
Key Target Audience
Manufactures, Suppliers and Distributors, Industry Association, Downstream Vendors, Government Regulatory Bodies, Government and Private Research Institutes 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.