Rise in the automation of complex production systems led to an increase in the demand for components, which are proficient in providing important data regarding the production process. The ability of proximity sensors to work in hazardous conditions, such as extreme humidity and temperature, as well as in chemical processing applications, aided the growth of the proximity sensors market. Rising significance of no-contact sensing applications, along with the interest of automobile and aerospace manufacturers toward the integration of sensor technology in security and infotainment systems, is expected to boost the market opportunities for proximity sensors. Currently, in the automotive industry, there is an increasing demanding for lighter automobiles, especially for usage in electric vehicles. This is encouraging material change in automotive components from iron to aluminum. This, turn, is increasing mixed production lines containing iron and aluminium.

The major factor attributing to the growth of the market is the increasing number of disability cases, due to the rising geriatric population, increasing number of road mishaps, spinal cord injuries and meningitis. These factors are likely to boost the growth of the global personal mobility devices market. As per the revised World Population Prospects, by the United Nations, the number of people aged 60 or above is expected to grow greater than double by 2050, i.e. from 962 million in 2017 to 2.1 billion in 2050, worldwide. This age group is highly vulnerable to different types of age-related diseases, that require personal mobility aid. As per the data from the 2017 American Community Survey (ACS) in 2017, the prevalence of disability in the United States was 12.7% for persons of all ages, 25.1% for persons ages 65 to 74 and 48.7% for persons aged above 75 years.

The Micro-electromechanical systems (MEMS) technology includes very small, moving mechanical parts, and the electrical components. This technology is used to fabricate sensors such as accelerometers, gyroscopes, digital compasses, inertial modules, pressure sensors, humidity sensors, and microphones among others. The MEMS technology holds the largest share in overall sensor market across the globe. The implementation of sensors made with MEMS technology in consumer electronic devices is driving its growth in overall sensor market. The sensor manufacturing companies use MEMS technology to fabricate a wide range of sensors owing to its low power consumption, small size, and high precision. The sensor manufacturers develop new MEMS based sensors for various areas of application to increase their market presence in distinctive applications as well as regions across the globe

Laser is an acronym used for light amplification by stimulated emission of radiation, which has a specific wavelength and creates high-intensity light. Medical lasers are devices that are used for the treatment of various diseases, such as eye-related diseases, cardiology-related diseases, urology diseases, and tissue removal leading to increased adoption of lasers for diverse medical application, including ophthalmology, dermatology, urology, and cardiovascular. The market revenue includes revenue generated from the devices used for the therapy and excludes the revenue generated from medical lasers used for diagnosis purpose and the services provided by the manufacturers of medical lasers. The market is experiencing a significant growth owing to factors such as high prevalence of eye-related diseases, cardiology issues, neurological issues, and urology related health conditions.

The LDS technology is one of the fastest expanding segments of the molded interconnect devices (MID) market. With the miniaturization trend gaining prominence across various industries, the LDS market is growing in popularity by allowing smaller designs with integrated functionalities. The era of modern electronics has presented manufacturers with many challenges. However, the introduction of LDS antenna technology offers an effective way to overcome these challenges, by offering a high degree of freedom in terms of metallization shape, thus, allowing improved radiation performance. Previously, 3D molded interconnect devices (MIDs) were hailed as a breakthrough in electronics. They were expected to eliminate conventional circuit boards by putting conductive paths directly onto the surface of molded plastic devices.

The evolution of user interfaces has allowed gesture recognition to emerge as an essential solution for a significant number of applications. The challenge of using big and bulky phones, which incorporate long antennas, physical switches, and buttons, has been overcome using advanced technology. With innovation, the touch-sensitive interaction was incorporated in trackpads, like the IBM Simon. Currently, the touchscreen interface of IBM Simon is an efficient and familiar interface for cellular phone users around the world. Gesture recognition technology is also used in smartphones in the form of recognition of hand gestures to wake the screen.

Digital signage is a class of large display screen formats that improve the visual experience with its professional- grade image quality and are mostly used for endorsing and advertising. These displays have replaced the traditional small and micro-display screens with large wall-sized LED and LCD displays, used across various industries. They are designed for applications that require the vendors to engage their customers/audiences with its wider viewing angle and to extract maximum effectiveness from the marketing messages. The scope of the report discusses the potential opportunities for the market players to enter the digital signage market. This report also provides in-depth analysis of the market, outlining current trends, key driving factors, and key areas of investment. The report includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder in the value chain. The report features the strategies adopted by key market players to maintain their foothold in the market.