Area sensors are multi-beam, through-beam arrays of photo-eyes that are designed to detect the presence of specimen within the confines of the controllable height of sensor arrays. Area sensors are ideal for the detection of differently shaped and sized specimen at varied positions in a two-dimensional targeted area. The future is undoubtedly of artificial intelligence and Internet of Things, and this creates numerous opportunities for area sensor manufacturers to innovate. Furthermore, sensor technology with advanced features such as reliable functioning, precisely designed area sensors, and high sensitivity are key reasons bolstering demand across geographies.
As per the revised report by Persistence Market Research, the global area sensors market is expected to expand at steady, yet healthy CAGR of around 7% over the forecast period (2021-2031).
To remain ‘ahead’ of your competitors, request for a sample here@https://www.persistencemarketresearch.com/samples/23308
Key Takeaways from Market Study
- The South Asia & Pacific region is expected to create lucrative growth opportunities for players in the market, due to rise in industrial automation and changing manufacturing landscape in the region.
- Growing trend of cost-effective area sensors along with technological advancements is creating new growth opportunities for manufacturers.
- Key players in the market are focusing on acquisitions to complement their product portfolio, to cater to the needs of a variety of customers. Market participants are also focusing on providing products directly to end users to improve direct customer relations.
- Application of area sensors is high in picking systems, object detection, and positioning & examination.
- Most of the demand for area sensors comes from the food & beverage packaging and electronics industry.
- The market in the U.S. is projected to expand at a CAGR of 5.5% through 2031, while that in Germany at around 6%.
- Market growth in China, Japan, and India is expected to be much higher, at around 8%, 9%, and 11%, respectively.
For critical insights on the keyword market, request for methodology here @https://www.persistencemarketresearch.com/methodology/23308
Impact of COVID-19 on Area Sensors Market
The COVID-19 pandemic outbreak has disrupted many industries, including the area sensors space. The spread of COVID-19 has affected major market such as Europe, Asia, and North America, and partially the Middle East, Africa, and Latin America. Several facilities have been affected due to the stoppage of construction and supply chain-related challenges.
During the corona pandemic, sensor production in China fell by up to 30%-40% as compared to normal volumes, but recovered as the infection curve fell, and volumes are now back to last year’s levels in both, the food & beverage packaging and automotive segments. According to estimates, demand for area sensors declined during Q3-Q4, 2020, and is now estimated to recover and return to its normal growth trajectory by Q2-Q3 of 2021.
Process Productivity Enhancement and Human Error Elimination Driving Market Growth
Picking systems use area sensors that enable confirmed picking of the right parts to mitigate picking errors and eliminate the marketing of defective objects. Area sensors enable picking system automation, which means that, the industrial worker is required to only observe the operation of the system. This kind of automation also eliminates the requirement of cross-checking the defects in the specimen, which increases the productivity of the overall industrial process.
Customized area sensors for industries such as automotive and electronic device manufacturing enable accuracy in assembling components on a jumbled production line. Overall, demand for area sensors in picking systems is expected to rise because these sensors enable simultaneous handling of different components, which improves process productivity and eliminates the assembly of incorrect components.
More Valuable Insights
A new market research report published by Persistence Market Research on the global area sensors market includes global industry analysis of 2016–2020 and opportunity assessment for 2021–2031. The report provides valuable insights on the basis of type (general purpose area sensors and cross-beam area sensors), sensing range (less than 1 meter, 1 meter – 3 meters, 3 meters – 5 meters, and more than 5 meters), application (object detection, picking systems, positioning and examination, personnel safety, equipment protection, and others), and industry (pharmaceuticals, food & beverage packaging, electronics & electricals, automotive, and others), across six major regions of the world.
For in-depth competitive analysis, buy now@https://www.persistencemarketresearch.com/checkout/23308
Business intelligence is the foundation of every business model employed by Persistence Market Research. Multi-dimensional sources are being put to work, which include big data, customer experience analytics, and real-time data collection. Thus, working on “micros” by Persistence Market Research helps companies overcome their “macro” business challenges.
Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies’/clients’ shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part.
“Strategic assets” form the repository of Persistence Market Research’s industry-specific solutions. This is evident from the range of clients – right from fast-growing startups to Fortune 500 companies looking upon Persistence Market Research as their trusted solution-partner.
Persistence Market Research
305 Broadway, 7th Floor
New York City, NY 10007
E-mail id- email@example.com