Industry Background:
A sensor is a device that measures the changes in physical quantity or environmental characteristics and converts it into signals which serve as inputs for control. Today’s sensors mainly use digital technology, which means better in efficiency and sensing performance. Digital technology has revitalized the era of the sensors by introducing new sensors in the market. A contactless sensors offers 360° electrical angles without dead band and also allows the decoding of the absolute rotary (angular) position from 0 to 360 degree.This growth is primarily driven by Simple & Robust Magnetic Design of Contactless Sensor, Ideal in Harsh Environments and Increasing Demand from Automotive Industry.
Globally, a noticeable market trend is evident Upsurge in Use of Contactless Sensor in Consumer Electronics Segment. Major Players, such as Piher Sensors & Controls SA (Spain), Allegro MicroSystems, LLC (United States), Infineon Technologies AG (Germany), TDK Corporation (Japan), Melexis (Belgium), TE Connectivity (Switzerland), ams AG (Austria), Micromax (Australia), NXP Semiconductors (Netherlands) and Kohshin Electric Corporation (Japan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 6 January, 2019 - ams, a leading worldwide supplier of high performance sensor solutions, and Face++, the leader in artificial intelligence software, have agreed a cooperation arrangement to accelerate OEMs’ and system integrators’ deployments of 3D optical sensing technologies such as face recognition.
On March 26, 2019 - TDK Corporation expands its Micronas linear Hall-effect sensor portfolio with the programmable HAL 1890 supporting the latest SENT protocol according to SAE J2716 Rev. 4. The HAL 1890 now comes with digital output signal supervision and is as small, robust, and cost-effective as the already existing HAL 188x variants. and On January 8, 2019 - TDK Corporation announces the newest additions to the InvenSense CORONA premium motion sensor product family, the world’s only 6-axis IMUs optimized for the most demanding optical and computational image stabilization requirements.
Market Drivers
- Simple & Robust Magnetic Design of Contactless Sensor
- Ideal in Harsh Environments
- Increasing Demand from Automotive Industry
Market Trend
- Upsurge in Use of Contactless Sensor in Consumer Electronics Segment
Restraints
- Competition Within the Technologies
Opportunities
Increasing Demand for Contactless Sensor From Emerging Economies and Increasing Government Intervention
Challenges
Growing Requirement of Low-Cost Contactless Sensors Among End-User Industries
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Contactless Sensor Study Sheds Light on
The Contactless Sensor Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Contactless Sensor industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Contactless Sensor industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.