Proximity Sensors

This Proximity Sensors market research study delivers current market analysis plus a five year market and technology forecast.  The study is available in multiple editions including worldwide, all regions, and most major countries.

Digitalization Drives Growth in the Proximity Sensors Market 

New ARC Advisory Group research on Proximity Sensors reveals that the market dipped in 2020 due to the COVID-19 crisis and is limping back to recovery. However, there is growth potential due to the rising demand for connected devices and digitalization. Sensors with built-in intelligence help reduce machine downtime through remote diagnostics and optimize productivity and reliability. ARC’s Proximity Sensors report provides a detailed analysis of proximity sensor technologies, such as inductive, capacitive, and ultrasonic, which are used across a wide range of industries across the globe.

Proximity Sensors Strategic Issues

In addition to providing a five-year market forecast, the Proximity Sensors market research provides detailed quantitative current market data and addresses key strategic issues as follows.

Focus on Connecting Devices to the Cloud

From ARC’s perspective, the cloud is a technology that is critical to manufacturers, since it provides a common, economical, globally accessible repository for plant data, equipment, and other infrastructure information. Much work is being done in the automation community to develop standards for the gateway and interface technology needed to transfer data between the cloud and Common Industrial Protocol (CIP)-enabled industrial control systems populated with devices on networks such as Ethernet/IP and DeviceNet. However, concerns regarding security and reliability of the communication interfaces between the cloud and the automation infrastructure and a lack of standards and guidelines focused on these critical issues are impeding its growth. The network and communication solutions offered by some suppliers that have a common industrial cloud interface can help users address security and communications issues and provide confidence to manufacturers that have been reluctant to leverage the benefits of the cloud.

Focus on Asset and Energy Management

End users have begun to better realize the contributions of proper maintenance in keeping physical assets in good working conditions to avoid business interruption and improve profitability as well as plant safety. Growth and spending for plant asset management (PAM) systems continue to rise as manufacturers seek to determine the condition of equipment as a means of increasing asset utilization. To get the full benefit of their PAM systems, users will have a further incentivize, apart from higher accuracy and better performance, to upgrade their older devices to new smart devices that offer greater intelligence and diagnostic functionality.

Improving energy efficiency has also become imperative for many manufacturing companies; one that reduces costs and increases efficiency when energy-intensive equipment creates bottlenecks in the plant. Efficient energy usage has a positive impact on asset maintenance costs, equipment lifecycle costs, safety, and overall emissions.

Selection of Sensors and How They Are Installed Is Critical

Although advances have been made in the field of machine data collection and analysis, the selection of sensors and the way they are installed on a machine, remain critical factors in determining the success of any health monitoring system. Investments made for installing superior sensors are a prudent investment since the information provided about the machine of interest is accurate and reliable. Poor quality sensors and inadequate installation can easily give misleading data or, in some cases, cause a critical machine condition to be completely overlooked.

A typical sensor is designed to transmit critical operating information of the machine for the safety of both the machine and the personnel operating the machine. The measurement of proper data and the selection of a proper sensor are critical for industrial companies.