Market Scenario 

Global displacement sensors (non-contact) market was valued at US$ 9,017.18 million in 2022 and is anticipated to witness substantial growth, reaching a valuation of US$ 13,743.53 million by the year 2031. The market is expected to exhibit a steady CAGR of 5.01% during the forecast period from 2023–2031.

Displacement sensors are specialized devices used for measuring positional movement or detecting the motion of an object. These sensors can detect both linear and rotary movements, making them versatile for various applications across different industries. The choice of displacement sensor depends on the specific requirements of the application, including factors like measuring range, frequency response, and accuracy. Non-contact displacement sensors are particularly noteworthy as they employ technology without any moving parts, offering distinct advantages over traditional contact-based sensors.

The displacement sensors (non-contact) market is poised for significant growth due to several key factors. Firstly, the increasing demand for automation and robotics in various industries, such as manufacturing, automotive, aerospace, and healthcare, is driving the need for precise and reliable position measurement. Non-contact displacement sensors provide accurate measurements without physical contact, reducing wear and tear and minimizing the risk of damage or inaccuracies caused by friction.

Furthermore, the growing focus on quality control and the need for efficient monitoring systems in industrial processes contribute to the adoption of non-contact displacement sensors. These sensors offer high-speed measurement capabilities, enabling real-time monitoring and control of critical parameters. Additionally, their non-intrusive nature makes them suitable for applications where physical contact with the object being measured could affect its performance or integrity.

The market is witnessing a wide range of technological advancements in non-contact displacement sensors. Innovations such as laser-based sensors, capacitive sensors, and inductive sensors are enhancing the measurement accuracy, range, and versatility of these devices. Moreover, the integration of non-contact displacement sensors with Internet of Things (IoT) and wireless communication technologies enables seamless data transmission, remote monitoring, and data analytics, thereby expanding their utility and driving displacement sensors (non-contact) market growth.

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MARKET DYNAMICS

Driver

Growing Emphasis on Process Automation

The Industry 4.0 revolution is being driven by new sensor technologies that can satisfy the demanding needs of the industrial sector. Modern microcontrollers with increased processing capability in industrial sensor nodes, wired or wireless communication, and cloud servers are opening up new possibilities for IIoT devices in Smart Factory applications. This advancement is leading to a growing emphasis on process automation. Displacement sensors play a crucial role in automation systems by detecting objects and signalling processors to initiate specific processes. Manufacturers in industries with rigorous quality standards and repeatable manufacturing processes across global displacement sensors (non-contact) market are increasingly turning to factory automation solutions, driving the market study for displacement sensors.

Continuous Growth in Mobile Devices Market

MEMS sensors are enabling the use of optical image stabilization (OIS) and electronic image stabilization (EIS) in smartphone camera applications. These features and functions are contributing to the growth of displacement sensors in smart mobile devices. In the Android platform, sensors such as accelerometers, geomagnetic field sensors, and proximity sensors are used to identify a device's position and its proximity to objects. The integration of these sensors in handsets and tablets by manufacturers further fuels the demand for displacement sensors (non-contact) market. The continuous growth of the mobile devices market is driving the adoption of displacement sensors in this sector.

Restraint

Complexities Involved in the Use of Displacement Sensors

While displacement sensors offer numerous benefits, their proper usage involves certain complexities. To ensure correct operation, these sensors must be mounted on specific fixtures that are kept away from vibrational areas to prevent reading variations. Precautions need to be taken to avoid sensor overheating and moisture intrusion. Dust and foreign objects can also affect the sensor's performance and skew the results, necessitating measures to keep them away. Contamination and pollution are common issues affecting the accuracy of position sensors. In addition, approaches to measure relative displacement for building structures using vision technologies and image processing techniques can be costly and require complicated experimental setups, limiting their applicability in uncertain environments.

Trend

Emerging Concept of Smart Homes

The concept of smart homes is gaining prominence in the displacement sensors (non-contact) market, with homes equipped with technology that monitors conditions and provides proactive administration. Smart homes aim to offer safety, security, assisted living for residents, and luxury conveniences. Accurate sensors play a vital role in smart homes, saving time and lives, protecting property, and providing peace of mind to users. Temperature and humidity sensors are essential for home energy optimization, enabling homeowners to enhance living comfort, reduce energy costs, and minimize environmental impact. Smart homes can also utilize occupancy sensors to detect the number of occupants in a room and automatically adjust temperature settings accordingly, further contributing to energy efficiency.

Market Segmentation

Type Analysis

The displacement sensors (non-contact) market is segmented based on type into non-contact and contact sensors. Among these, non-contact sensors, including optical, laser, ultrasonic, and eddy current sensors, hold the highest market share. The growth of non-contact sensors is attributed to their incorporation into integrated control systems in the consumer electronics sector, particularly in smartphones and tablets. Non-contact sensors offer advantages such as faster response times, the ability to measure multiple points simultaneously, and no pressure on the object being measured.

Range Type Analysis

The displacement sensors (non-contact) market is further segmented based on range type, including below 100mm, 100-500mm, 500-1000mm, and others. The below 100mm segment currently holds a significant market share and is expected to experience substantial growth in the forecast period. These sensors are used for detecting gaps, bends, edges, angles, and evaluating and measuring profiles on different object surfaces. Advancements in consumer electronics and the integration of sensors in mobile devices and tablets are driving the growth of the below 100mm segment. The 100-500mm segment is also anticipated to grow steadily, supported by the industry's focus on precision and control.

Technique Analysis

The displacement sensors (non-contact) market is segmented based on technique, including laser triangle, optical confocal, interferometer, TOF (Time-of-Flight), and others. The TOF segment currently holds the highest market share. TOF sensors are widely used in various applications, such as robot navigation, vehicle monitoring, people counting, and object detection. These sensors calculate the distance between two points based on the time taken for photons to travel between them. The introduction of Industry 4.0, along with the focus of the manufacturing industry on adopting technologically advanced products and investing in sensor research and development, is driving the growth of TOF displacement sensors.

Resolution Analysis

The displacement sensors (non-contact) market segmentation based on resolution includes 0 - 200 nm, 200 - 500 nm, and more than 500 nm. The segment with a resolution of more than 500 nm currently holds the largest market share. The ability to measure displacement accurately at this resolution is vital for many industrial applications. The 200-500 nm segment is expected to grow steadily, driven by the industry's demand for higher precision and accuracy.

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Industry Analysis

In terms of industry verticals, the displacement sensors (non-contact) market is segmented into Automotive, Aerospace, Military, Medical, Industrial Manufacturing, Electrical and Electronics, Photovoltaic, and Others. Among these, the Automotive segment currently holds the largest market share. Displacement sensors play a crucial role in automotive applications, and the growing adoption of advanced technology in the automotive industry is driving the demand for these sensors.

The rising disposable income and the overall growth of the automotive industry are also contributing to the segment's growth in the global displacement sensors (non-contact) market. Additionally, the manufacturing industry is projected to showcase lucrative growth, driven by the introduction of Industry 4.0 and increasing investment in the research and development of new sensors. The advancements in sensor technology and the launch of new position sensors further propel the market growth in various industry verticals.

Geographical Analysis

The displacement sensors (non-contact) market in the Asia Pacific region commands a position of dominance, boasting the largest market share and showcasing a projected compound annual growth rate (CAGR) of 5.88% throughout the forecast period. This substantial growth stems from the escalating demand for displacement sensors across diverse sectors, including automotive, industrial manufacturing, and electrical and electronics applications. The region's buoyant automotive industry, coupled with its embrace of advanced technology, fuels the ever-increasing need for displacement sensors in the Asia Pacific region.

Furthermore, countries in the Asia Pacific region are channeling significant investments into research and development endeavors aimed at producing enhanced sensors catering to a wide array of applications. These strategic investments play a pivotal role in propelling the growth of the displacement sensors market, as companies endeavor to meet the evolving demands of the automotive, industrial manufacturing, and electrical and electronics sectors.

Europe is poised to experience rapid growth within the displacement sensors (non-contact) market over the forecast period. The burgeoning demand for displacement sensors in the region can be primarily attributed to the thriving electronics and automotive industries, particularly in countries such as the United Kingdom and Germany. These industries, driven by the pursuit of manufacturing process enhancements, improved product quality, and the ever-increasing consumer demands, foster the need for cutting-edge sensors.

List of Key Companies Profiled:

• Acuity
• BANNER
• COGNEX
• ELAG
• KEYENCE
• Micro-Epsilon
• MTI Instruments
• OMRON
• OPTEX
• Panasonic
• SENSOPART
• SICK
• Sunny Optical
• Turck
• Vishay Intertechnology, Inc.
• ZSY
• Other Prominent Players

Market Segmentation Overview:

By Type 

• Non-contact
  • Optical/ Fiber Optic
  • Laser
  • Ultrasonic
  • Eddy Current
• Contact

By Range Type

• Below 100mm
• 100- 500mm
• 500- 1000mm
• Others

By Technique

• Laser Triangle
  • PSD Method
  • CMOS (CCD) Method
• Optical Confocal
• Interferometer
• TOF
• Others (Ultrasonic, Eddy Current, etc.)

By Resolution

• 0 - 200 nm
• 200 - 500 nm
• More than 500 nm

By Industry Vertical

• Automotive
• Aerospace
• Military
• Medical
• Industrial Manufacturing
• Electrical and Electronics
• Photovoltaic
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Western Europe
    • The UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Western Europe
  • Eastern Europe
    • Poland
    • Russia
    • Rest of Eastern Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia & New Zealand
  • ASEAN
  • Rest of Asia Pacific
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA
• South America
  • Argentina
  • Brazil
  • Rest of South America