The Global Edge Sensor Market is estimated to grow at a significant CAGR during the forecast period. There are various advantages of the edge sensor such as minimising downtimes and preventing damage and loss of material. In addition to this, the measurement of material is consistent and accurate and keeps it centred on the line for continuous flow across the system. The increasing use of the sensor among industries drives the growth of the global edge sensor market. Furthermore, the growth of the global edge sensor markets is expected to increase industrialisation and increased adoption of automation in the sector.
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Smart city efforts are also helping to drive demand for IoT sensors. Singapore has already implemented a sensor-based Elderly Monitoring System that allows office-working family members to receive notifications when the health of their elderly parents or dependents at home deteriorates or exhibits abnormal behaviours. Furthermore, developments in field devices, sensors, and robots are likely to expand the reach of the industry. IoT technology is helping to reduce the manufacturing sector’s labour shortage. IoT advent and massive proliferation of data by connected devices and predictable and real-time network device intelligence are the drivers for the growth of the global edge sensor market. Furthermore, adopting edge sensors increases scalability and cost optimization.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segments Covered
- By Type
- By Application
Regions Covered
- North America
- Europe
- Asia-Pacific
- Rest of the world
- Competitive Landscape- Banner Engineering Corp., Baumer Group., di-soric GmbH & Co., Erhardt Leimer GmbH., Force Measuring Systems AG (FMS).
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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Global Edge Sensor Market by Segments
By Type
- Laser Edge Sensors
- Ultrasonic Edge Sensors
By Application
- Assembly and Robotics
- Automotive
- Food
- Packaging
- Industrial
- Others
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
