Optical Position Sensor Market: automotive industry is the prime driver for optical range sensor

Press Release   •   Oct 27, 2016 06:05 EDT

The optical position sensors are installed in different consumer electronic devices and systems in end user industries. There is high use of these capacitive pressure sensor and encoder units in automotive industry. There is high scope for the Optical Position Sensor Market in various regions across the globe during 2016-2021.

Scope and Regional Forecast of the Optical Position Sensor Market:

According to the IndustryARC research analysis studies on the Optical Position Sensor Market, along with optical position sensor units, there is high demand and production of position sensitive detector, temperature sensor and optical mouse sensor units for its applications during 2016-2021.

North America has high demand for the Optical Position Sensor Market as per IndustryARC analytics and many companies in this region invest huge capital for development of these devices for better performance and applications during 2016-2021.

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Asia Pacific and Europe are expected to have healthy growth in the Optical Position Sensor Market owing to the increasing investment of companies for developing these technologies for various electronic devices through 2021. Automotive industry has high growth scope for optical sensor applications.

The Optical Position Sensor Market is a high potential market with high use of fiber optic pressure sensor and position transducer in different systems and electronic devices in various regions across the globe. This market is expected to witness high growth owing to the increasing utilization of optical fiber sensor in consumer electronics and automotive industry, rise in production of different optical sensors types for optical sensor application and high expenditure for R&D of optical range sensor for industrial uses in various regions across the globe during 2016-2021.

Segmentation and Key Players of the Optical Position Sensor Market:

The Optical Position Sensor Market is segmented into various categories in the IndustryARC marketing research report by type, by end user industry and by geography as follows:

By type: 1-Dimensional, 2-Dimensional and Multiple Axis

By end user industry: Automotive, Aerospace, Electronics, Healthcare, Manufacturing, Packaging and others

By geography: North America, South America, Europe, Asia Pacific and ROW

The key players in the Optical Position Sensor Market according to the IndustryARC research report are as follows:

  • Wolong Electric Instruments
  • Medel Elektronik
  • Hamamatsu Photonics K.K.
  • Sensata Technologies
  • Balluff GmbH

The industries are expected to use optical transducer and optical detector in various devices and units across the globe during 2016-2021.

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