Current and Projected Non-Contact Sensor Market Size in Terms of Volume and Value 2016-2026

Sensor is a device or an element made for a purpose to detect an occurrence of any event or change in the environmental condition and if found, provide a corresponding output. In a broad sense, sensor is a transducer which intakes one kind of energy (mostly optical & electrical) to operate & gives different types of output. Today sensors are being used in everyday life in every electronic product and with the advancement in technologies, the demand of instrumentation and automation has been increasing over the years and expected to grow further in the upcoming future with highest possible demand. Non-contact sensors are capable of detecting changes in electro-magnetic field or in light within a particular range. Non-contact sensor have wide application area such as in industrial sector, consumer electronics, medical, automotive, security & defense and entertainment because of increasing use of process controls and sensing element in these sectors.

The consistent increasing demand of non-contact sensor market has continuously been increasing globally and expected to grow with CAGR in double digits & the same scenario might be seen for next six to seven years in global non-contact sensor market.

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Non-contact Sensor: Market Dynamics

For last some years, demand for non-contact sensors have been increasing in the consumer electronics and automobile vehicle like cars, trucks, buses, which are coming out as new trends for non-contact sensor market. The key growth drivers of global non-contact sensor market are increased adoption of non-contact sensors in various industries like healthcare, logistic, and defense, need for advanced security solutions in the automobiles, drastic rising demand of non-contact sensor in industrial applications in order to save energy, increased demand in military application for target detection as in drone and aircrafts are the drivers...