Displacement Sensor Market Size, Share, Opportunities, And Trends By Type (Linear Displacement Sensors, Rotatory Displacement Sensors, Others), By End User (Aerospace, Automotive, Industrial, Others), And By Geography - Forecasts From 2023 To 2028

  • Published : Apr 2023
  • Report Code : KSI061614999
  • Pages : 145

The measurement and detection of changes (displacement) in a physical amount are performed by displacement sensors. An object's displacement can be used by the sensor to calculate its height, breadth, and thickness. The displacement sensors market is expected to grow as a result of the expanding trend and increased dependence on robotics in industrial controller mechanisms, which has paved the way and made industrial control and process automation technologies more widely adopted. The displacement sensor is used in a variety of sectors, including aerospace, automotive, industrial, and others. The emerging displacement sensor technologies are considerably changing industrial automation which will drive the displacement sensors market growth

The growing aerospace sector will boost the market growth

In an airplane, displacement monitoring linear, rotary, and angular sensors are commonly used. The manned aircraft use displacement sensors that can operate for 20 to 30 years without replacement. These instruments perform admirably, are durable, and frequently have redundant outputs. Some aircraft components such as the steering system, landing gear, munitions, speed stop doors, and brakes use displacement sensors. Rising aircraft production will boost the market growth for displacement sensors. According to the General Aviation Manufacturer Association, when comparing 2022 to 2021, piston aircraft deliveries increased by 8.2% to 1,524 units and turboprop plane deliveries increased by 10.4% to 582 units and business jet deliveries increased to 712 units from 710. The value of airplane deliveries in 2022 was $22.9 billion, representing a 5.8% rise. The increasing orders to produce aircraft in the aerospace industry will boost the displacement sensors market growth.  

An increase in automotive production is propelling market growth.

The development of vehicle security systems is a top priority for automakers, and displacement sensors have been employed for these applications for decades. The sensors' application range in automobiles increases as automakers improve their R&D efforts. Owing to their convenience and security precautions, these sensors are presently used in intelligent parking systems and ground proximity warning systems. An increase in automotive production will increase the demand for displacement sensors. According to the International Organization of Motor Vehicle Manufacturers OICA data, the total motor vehicle production has increased from 77,650,152 units in 2020 to 85 016 728 units in 2022, which has shown a rise of 10% in motor vehicle production. With the increasing production of high-end motor vehicles with enhanced sensor automation, the usage of displacement sensors is increasing which will boost the overall market growth. 

During the forecast period, the North American region is expected to dominate the market

North American region is expected to dominate the displacement sensors market owing to the region being an early adopter of new technologies in the manufacture, design, and research. The displacement sensors find applicability in automotive for distance measurement, and smart parking, among others. The surge in automotive production in the North American region will boost the market growth. According to the International Organization of Motor Vehicle Manufacturers (OICA) data, the North American region’s motor vehicle production has increased by 11% from 13 374 404 units in 2020 to 14,798,146 units in 2022. The rapid increase in automobile production will increase the demand for sensors which will boost the displacement sensor market growth in the North American region.  

Market Key Developments.

In September 2022, Micro-Epsilon launched two additional sensors to its capaNCDT family of non-contact capacitive displacement sensors. The capaNCDT CSE01 and CSE025 are exceedingly small sensors with measuring ranges of 0.1mm and 0.25mm, respectively

In April 2021, ElastiSense launched the DS-series Displacement sensor, a cutting-edge product made to withstand any abuse. This sensor's primary function is to provide information about the application so that condition monitoring and preventive maintenance can be performed.

Segmentation

  • By Type
    • Linear Displacement Sensors
    • Rotatory Displacement Sensors
    • Others
  • By End-User
    • Aerospace
    • Automotive
    • Industrial
    • Others
  • By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY 

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Market Opportunities

4.4. Porter’s Five Force Analysis

4.4.1. Bargaining Power of Suppliers

4.4.2. Bargaining Power of Buyers

4.4.3. Threat of New Entrants

4.4.4. Threat of Substitutes

4.4.5. Competitive Rivalry in the Industry

4.5. Industry Value Chain Analysis

5. DISPLACEMENT SENSORS MARKET ANALYSIS, BY TYPE

5.1. Introduction

5.2. Linear Displacement Sensors

5.3. Rotatory Displacement Sensors

5.4. Others

6. DISPLACEMENT SENSORS MARKET ANALYSIS, BY END-USER

6.1. Introduction

6.2. Aerospace

6.3. Automotive

6.4. Industrial

6.5. Others

7. DISPLACEMENT SENSORS MARKET ANALYSIS, BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. USA

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1.  Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. Germany

7.4.2. UK

7.4.3. France

7.4.4. Spain

7.4.5. Others

7.5. Middle East and Africa

7.5.1. Saudi Arabia

7.5.2. UAE

7.5.3. Others

7.6. Asia Pacific

7.6.1. China

7.6.2. Japan

7.6.3. South Korea

7.6.4. India

7.6.5. Australia

7.6.6. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

9. COMPANY PROFILES

9.1. Autonics Corporation

9.2. OMRON Corporation

9.3. Variohm Eurosensor Ltd. (discovery Group)

9.4. OPTEX FA Co. Ltd

9.5. burster präzisionsmesstechnik gmbh & co kg

9.6. Kayence Corporation

9.7. LMI Technologies

9.8. ElastiSense

9.9. AMETEK Inc.

9.10. Kaman Precision Products


Autonics Corporation

OMRON Corporation

Variohm Eurosensor Ltd. (discovery Group)

OPTEX FA Co. Ltd

burster präzisionsmesstechnik gmbh & co kg

Kayence Corporation

LMI Technologies

ElastiSense

AMETEK Inc.

Kaman Precision Products