Published Date : November, 2019   |   Report ID : 1001853   |   Report Format : PDF   |   Delivery Time : 48-72 Business Hours   |   Category : Information and Communication Technology

Analyzing Impact of COVID-19 on Inductive Proximity Sensors Market

Evaluating Financial Stability During & Post Pandemic

We understand the intense effect of the coronavirus on numerous businesses across the globe, affecting the opportunities, marketing strategies, and pricing models, that are further affecting the growth of the businesses worldwide. We provide updated pointers in this economic pandemic to help the conglomerates to sustain in these uncertain and challenging times and ensure that they take affirmative business decisions. Know More

  • Text Size:

The Research Report is Updated with 2020 Base Year, 2021 Estimated year and Forecast till 2030 with Market Insights.

With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2020 as base year, 2021 as estimated year and forecast to 2030. This will have market drivers, recovery rate in the market, insights and competitive analysis.

Introduction and Overview

The growth of the global Inductive Proximity Sensors market has been marked by rapid technological advancements taking place across the globe. For instance, the introduction of 5G-the fifth generation of mobile networks that is connecting the world digitally, accompanied by Digital Reality comprising of Augmented Reality (AR), Virtual Reality (VR) and Mixed Reality (MR) or the fast growing Internet of Things (IoT) are standing examples of the continuous evolution taking place across the IT and Telecom industry. The number of devices that are predicted to be connected to the internet in the next two years may cross 20 billion. The total number of cellular IoT connections are estimated to reach around 3.4 Billion by 2023. Hundreds of devices are being connected to the internet with every passing second and with services such as R&D & Testing, IT, Telecom and Internet witnessing digital transformation, the Inductive Proximity Sensors market is predicted to achieve significant growth over the next 6-7 years. As per data obtained from UNCTAD, Hong Kong recorded the highest percentage of total ICT goods exports in 2017 at 51.7% that primarily consists of computers and consumer electronic equipment among other IT goods. This is followed by Philippines (35.7%), Singapore (32%), Malaysia (31%), China (27.07%), Korea, Rep. (24.74%) and St. Kitts and Nevis (26.5%). Globally, Information & Communication Technology (ICT) goods exports registered an increase in percentage from 11.20% in 2016 to 11.51% in 2017. The 5G network is anticipated to start operations from 2020, except some nations such as United States, South Korea, Japan and China where its earlier launch is expected. LTE subscriptions are growing and are estimated to cross 5.4 billion and this may lead to enhanced mobile broadband subscriptions through 5G connection crossing 1 billion by end of 2023.

Our extensive study on the global Inductive Proximity Sensors market consists of overall scope of the market in terms of yearly revenues, growth drivers, recent trends and opportunities, combined with detailed market segmentation and regression and correlation analysis displaying relationship between independent and dependent variables, which are altogether driving the growth of the market. Apart from that, our report also performs risk analysis by covering supply and demand risk that may affect the growth of the market, combined with strategies to reach out to prospective customers. The global Inductive Proximity Sensors market is anticipated to record notable absolute $ opportunity value in 2027 as compared to the value achieved in 2019.

Top Macro-Economic Indicators Impacting the Growth:

Our regional analysis indicate that U.S. is anticipated to stay as the largest telecom market, whereas, Asia Pacific is estimated to generate the highest market share in telecom sector. The Inductive Proximity Sensors market is anticipated to achieve significant growth over the next decade, owing to increasing number of investments by ICT and Telecom industries into research and development activities related to digital transformation. The telecommunication sector is witnessing significant advancements and is paving the way for better business opportunities which is promoting competition among the telecom service providers. The Canadian telecom industry grew at a rate of 3.2% from 2016-2017 and garnered revenues of USD 38.79 billion in 2017, on account of rapid rise in data usage through both fixed internet as well as mobile services as per a report released by Canadian Radio-Television and Telecommunications Commission (CRTC). Fixed internet services generated a total revenue of USD 8.87 Billion by growing at the rate of 7.0% between 2016 and 2017. On the other hand, mobile segment achieved a total revenue of USD 19.9 Billion in 2017, achieving a growth rate of 5.4% for the same period.

As of 2018, the world’s total GDP (PPP) has reached around USD 130,834,632 million. World Development Indicators (WDI) has released its statistics that ranks nations across the globe on the basis of Purchasing Power Parity (PPP), in which China ranked first by holding 19.38% of the world’s GDP based on Purchasing Power Parity (PPP) as of 2018. Ranked next to China, the United States has registered an increase from USD 18,707,188,235,000 in 2016 to USD 20,494,099,845,390 in 2018.

Export and Import Scenario by Regions, (USD Thousands), 2017

Geographic Overview

A separate section in the report highlights regional scenario in market which includes North America (further segregated into U.S. and Canada).

The report further includes a section on European region which is further segmented on a country/regional level including Germany, U.K., France, Italy, Spain, BENELUX, Netherlands, NORDIC, Poland, Hungary, Russia, Turkey, and Rest of Europe.

In the Asia Pacific Inductive Proximity Sensors market, the report studies China, India, South Korea, Indonesia, Malaysia, Japan, Australia, New Zealand and Rest of Asia Pacific. In the Latin America section, an in-depth analysis on Mexico, Brazil, Argentina and Rest of Latin America is covered. Middle East and Africa region have been further identified for the Inductive Proximity Sensors market demand and segregated into Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa and Rest of Middle East and Africa.

Competitive Landscape

A complete section on competitive landscape provides an understanding of the companies in current strategic report based upon various parameters which includes overview of the company, business strategy, major product offerings, key performance indicators, risk analysis, recent development, regional presence and SWOT analysis. There is a separate section which has been provided on the market share of key players in this market, as well as the competitive positioning of the players.

Key Topic Covered

  • Market Size, Demand, Y-o-Y Growth Comparison
  • Market Segmentation Analysis
  • Market Segmentation Analysis by Geography
    • North America (U.S. and Canada)
    • Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
    • Europe (Germany, France, UK, Spain, Italy, BENELUX, NORDIC, Russia, Poland, Turkey, Hungary, Rest of Europe)
    • Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific)
    • Middle East and Africa (GCC, North Africa, South Africa, Rest of Middle East and Africa)
  • Absolute $ Opportunity
  • Regional Average Pricing Analysis
  • Demand and Supply Risk
  • Regulatory Landscape
  • Regression and Correlation Analysis
  • Porters Five Force Model
  • Market Dynamics
    • Growth Drivers
      • Demand Side Drivers
      • Supply Side Drivers
      • Economy Side Drivers
    • Challenges
    • Trends
    • Opportunities
  • Macro-economic Indicators impacting the growth of the market
  • Competitive Landscape
    • Market Share of the companies
    • Competitive Positioning of the companies
    • Overview of the companies
    • Key Product Offerings
    • Business Strategies
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • SWOT Analysis
    • Recent Developments
    • Regional Presence

Major Target Audience for this report:

  • Manufacturers of the product
  • Suppliers of raw materials
  • Distributors
  • Strategic and management consulting firms
  • Investors
  • Investment banks
  • Various regulatory and Government bodies
  • Industrial Associations
  • Research Organizations and institutes
  • Organizations, alliances and forums related to this market

Crucial Questions Answered in this report:

  • How the market is going to be impacted based upon the macroeconomic indicators?
  • What are the various opportunities in Inductive Proximity Sensors market?
  • Which segment and which country has the fastest growth?
  • Complete analysis of the competitive landscape
  • Where the maximum opportunity lies in terms of further investments by region?
  • Potential countries for investment

Scope for the Customization:

We are open for the customization of this report for our client.

Select License Type

Have Questions? Connect With Our Experts

By clicking the "Submit" button, you are agreeing to our Privacy Policy

Our Clients

Have you question or need any help for work consultant