Industrial sensors are devices used to transform the physical quantity of a signal into corresponding electrical signals. These signals are processed through an electronic automation system and depict physical variations or signal errors in devices. The sensors are classified based on position or velocity, displacement, proximity, pressure, temperature, and, vibration or acceleration functionalities. These sensors provide better control and automation when used in industrial processes owing to their high reliability, accuracy, sensitivity, and control. Industrial sensors are widely used in applications of measuring, monitoring, automating, and testing in the industrial sector. The value chain involved in this market involves tasks ranging from the detection of process parameters in process industries to the analysis of specifications and characteristics of the final products.
Technavio’s analysts forecast the global industrial laser sensors market to grow at a CAGR of 10.24% during the period 2017-2021 .
Covered in this report The report covers the present scenario and the growth prospects of the global industrial laser sensors market for 2017-2021. To calculate the market size, the report considers the new installations, sales, value, retrofit and replacement market.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio’s report, Global Industrial Laser Sensor Market 2017-2021 , has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Market driver • Rise in Industrial Revolution with respect to IoT • For a full, detailed list, view our report
Market challenge • Challenges related to regulatory compliance • For a full, detailed list, view our report
Market trend • Increasing use of collaborative robots • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space?
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