After the devastating recession in 2009, the market for proximity sensors recovered quickly in 2010 and marginally exceeded pre-crisis levels in 2011. In 2012, we see a slowdown in growth but positive momentum will continue to dominate the market developments from 2013 onwards. Overall ARC expects a CAGR of around 8 percent during the forecast horizon.
The market for proximity sensors is strongly connected to the business cycle and the overall performance of automation markets. During the last few years, most products have commoditized and reached a mature state, the only exception is ultrasonic sensors. The latter still offer the potential to technically differentiate from competitors, and markets are growing fast despite falling prices. For inductive and capacitive sensors, prices have nearly bottomed out.
For details please click Proximity Sensor Market Driven by Rising Demand and Competition
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