Linear Displacement Sensors Market (Type: Magnetostrictive Displacement, Conductive Plastic; Application: Chemical, Oil & Gas, Industrial, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Introduction

According to research, the linear displacement sensors market is expected to grow at a market value of nearly $5.6 Billion by 2026, at approximately 6.2% CAGR. Linear displacement sensors are well-known to be displacement gauges that are utilized to measure the travel range from the object’s current position to its located point. These sensors are lightweight and small in size with a wide range of application sectors such as industrial, oil & gas, chemical, and others. Also, these sensors are used to measure dimension to find the object’s thickness, width, and height. Furthermore, the working principle of linear displacement sensors is of two ways includes non-contact measurement using the magnetic field, sound waves or light and other in direct contact with an object. In addition, sensors possess some of the properties such as high-resolution electric shutter, automatic level correction, and temperature drift. There are various applications such as positioning of electronics components on the PCB during manufacturing, a process control application, and other research purposes.

Market Dynamics

The considerably increasing industrial automation besides with growing electronics industry owing to strong growth in the adoption for smartphone and other electronic products are the predominant factors which drive the growth of the global displacement sensors market during the forecast period. The other factor thriving the market due to rising demand for non-contact sensing technology in the automotive sector. Government stringent rules and regulation for safety is one of the factors contributing to the growth of the linear displacement market. Furthermore, the major factors which are likely to fuel the market growth are the rapid growth in construction sector along with food and beverages industry due to high adoption of sensors for controlling various construction projects and in packaging products respectively. Moreover, the emerging economies such as China and India are anticipated to be the key source of growth for the market. However, usage of sensors for convenience and comfort of the passengers are the factors which are likely to spur the growth of the linear displacement sensors market during the upcoming year.

Report coverage

The market research study on “Linear Displacement Sensors Market (Type: Magnetostrictive Displacement, Conductive Plastic; Application: Chemical, Oil & Gas, Industrial, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers a detailed insights on the global linear displacement sensors market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global linear displacement sensors market, its type, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global linear displacement sensors market size and volume, and segment markets by type, application, and geography along with the information on companies operating in the market. The linear displacement sensors market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America, and Middle East and Africa followed by major countries. North America held high market share in the linear displacement sensors market during forecast period, contributing to the advanced development such as displacement sensors with laser technology across the region followed by Western Europe. Furthermore, robust growth in manufacturing industry in Latin America is expected to grow the market. For each region, the market size and volume for different segments has been covered under the scope of report. The players profiled in the report Inelta Sensor Systems GmbH & Co. KG, Micro-Epsilon, Solartron Metrology, Trans-Tek Inc., RDP Electronics Ltd., Kyowa Electronic Instruments Co., Ltd., and among others.

The global linear displacement sensors market is segmented as below:

Market Segmentation

Market By Type

• Magnetostrictive Displacement
• Conductive Plastic

Market By Application

• Chemical
• Oil & Gas
• Industrial
• Others

Market By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa (MEA)