Non-contact Sensors detect changes in light or electromagnetic field within a given radius. These sensors need not come in contact with the measuring surface or field for registering values and are hence more reliable, easy to use and are installed in various products. In the Global Sensor Market, there has been noted a steady increase in demand towards Non-Contact Sensing Technologies. Technological Advancements are making consumers seek more Accurate, Reliable and Durable Sensors and thus there is a spurting demand for non-contact sensors even though they are costlier than contact sensors. The contact sensors are not as durable compared to non-contact sensors as they wear out in a very short time.

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Non-contact sensors provide end users with high rate of accuracy in measurement, resistance to contamination and provide authentic results. End users are now very aware of the vast capabilities of the non-contact sensors. The research for more reliable and accurate sensors is still continuing making the sensors smaller, cheaper and smarter making it very easy for the end users to use them.

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Market Outlook:

The Global Non-Contact Sensors Equipment and Services Market is slated to grow at 6.5% CAGR year on year for the next five years. It is estimated to cross a whopping $21 Billion by 2018.

The Global Temperature Sensor Market had revenues of around $ 3.8 Billion in 2013 and is expected to reach $5.1 Billion in 2018.

Proximity and Flow Sensors are expected to be the fastest growing product segments in this market. Ultrasonic non-contact sensors with teach-in technology are booming as they are easy to install and use.

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The Market for Proximity Sensors alone is set to grow to $ 5.95 Billion by 2018. This presents a huge growth opportunity for proximity sensor providers who are looking for opportunities in countries other than the U.S where the growth is almost stable in commercial and healthcare segments. Developing countries like India are the high-growth regions ripe for capture in commercial segment. Many players have already started investing into this opportunity.

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REPORT SCOPE:

This report on the Global Non-Contact Sensors Market identifies many insights and M&A opportunities, besides providing a detailed analysis of the Market. This Market is extensively analyzed by the Analysts of IndustryARC. It has been researched and segmented at various levels like temperature, pressure, proximity, and flow and ultrasonic. The end user verticals segmentation goes like automotive, consumer electronics, food and beverage, industrial and defense.

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Market Segmentation:

The Non-Contact Sensors Market is broadly classified into 3 types based on few factors like:

1. By Sensor Type: Temperature, Pressure, Proximity, Flow, Speed and Others.
2. By Industry Verticals: Industrial, Consumer Electronics, Automotive (with further sub segments), Defense and Others.
3. By Geography: Americas, Europe, APAC and ROW.

Key Players:

Companies like Capacitec which deal with Measurement and Displacement Non-Contact Sensors are experimenting at an extensive level to make gaps thinner, making the sensors immune to higher temperatures and extreme environments.

• ABB Ltd.
• Ametek, Inc.
• APG, Inc.
• Bin Master Inc.
• Eaton Corp.
• Emerson Electric Co

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