Global Displacement Sensors Market: Overview
Displacement sensors are also known as displacement gauges which are used to measure the travel range between the object’s current position and its reference point. These are used for dimension measurement to determine an object’s thickness, height, and width. The displacement sensors work in two different ways include non-contact measurement using the magnetic field, light or sound waves and in direct contact with an object. There are various applications such as detection of stacked printed circuit boards (PCB), positioning of electronics components on the PCB during manufacturing and many others wherein the displacement sensors are used.
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Global Displacement Sensors Market: Dynamics
The key factors which drive primarily the growth of the global displacement sensors market are significantly increasing industrial automation along with growing electronics industry due to robust growth in the demand for smartphone and other electronic products over the forecast period. Rising demand for non-contact sensing technology in automotive industry fuels the global displacement sensors over the forecast period. Furthermore, robust growth in construction industry along with food and beverages industry are the major factors which drive the global displacement sensors market due to its high usage for supervision in various construction projects and in the packaging of products respectively. Additionally, high product innovation in displacement sensors such as compact and robust design from key manufacturers leads the global displacement sensors market towards significant growth over the forecast period. The key factors such as high development and installation cost and high labor cost in North America region hinder the growth of global displacement sensors market over the forecast period.
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