24^th September 2018– The global near field sensor market witnessed a higher CAGR growth in the anticipated period. Near field sensors surround the primary and secondary radiation sources having limited measurement accuracy. Benefits in using near field sensors include low-cost, easy-to-use and software solutions that meet a wide spectrum of NFC connectivity criterion. 

A major driving factor responsible for the growth of near field sensor industry includes rising popularity of mobile devices and rising rate of online consumers for m-commerce. Also, other growth factors include device penetration in flourished markets and enhanced mobile transactions coupled with government policies and security issues. Enterprises across the industries are deploying and developing innovative products to enhance the productivity with higher security. Further, rise in development in NFC technology encourages consumers to enable small and large payments using mobile devices.

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Product segmentation for near field sensor market includes NFC Controllers, NFC readers, NFC secure element, NFC tags, capacitive sensors, inductive sensors, magnetic sensors, photoelectric & ultrasonic sensors and optical sensors. Segmentation based on application, the near field sensor industry includes ticketing, payment, data sharing, booking, services healthcare, authentication and access control, games and toys, NFC based location services and smart advertising. Segmentation based on type, the near field sensor industry includes fixed distance and adjustable distance. Based on end-user, the near field sensor market includes industrial manufacturing, automotive, food & beverage, pharmaceuticals, consumer electronics, defense and aerospace. 

Geographical segmentation for the near field sensor industry includes North America, South America, Europe, Asia-Pacific, Middle-East and Africa. North America and Europe market dominated the market growth in the anticipated period due to advancing of communication infrastructure. The key players in the near field sensor market include Omron Corporation, Honeywell, Red Lion, Schneider Electric, Panasonic Corporation, IFM Electronic, Rockwell Automation, Eaton, Avago Technologies, Pepperl + Fuchs, Shanghai Lanbao Sensing Technology, Comus Group, Broadcom Inc, Toshiba Corporation, DeviceFidelity Inc, Samsung Electronics Co Ltd, Identive Group and Infineon Technologies. 

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