Micron Optics, Inc.-Company profile, Business Overview, Financial Performance, Operating Segments, Strategic Moves, and Competitive Intelligence Report

Proximity sensors detect the existence of objects of interest in the vicinity of the sensor. Absolute displacement as well as relative displacement of objects can be measured using displacement sensors. The sensors are capable of detecting objects through contact as well as contactless detection and measurement. The growing adoption of factory and process automation across diverse industries has expanded the application areas of proximity and displacement sensors. The Asia-Pacific market has experienced an increased demand from automobile and electronics manufacturing industries. The sensors find applications in development of efficient smart electronic equipment. The growing demand of energy efficient equipment such as elevators and escalators has significantly accelerated the growth of this market.